Timothy Lizura is Senior Vice President, Finance and Development for the New Jersey Economic Development Authority (EDA). In his position, he oversees the EDA’s business activities including all bonds, loan and incentives programs, its Edison Innovation Fund investments, as well as its urban and real estate development in New Jersey. Mr. Lizura was instrumental in the development and administration of many of the EDA’s financing programs, including the Main Street Business Assistance Program, the Economic Redevelopment Growth Program, and the Urban Transit Hub Tax Credit program all administered by the EDA to assist New Jersey businesses, not-for-profits, developers, and municipalities facing the challenges of the current economic climate.
For the EDA, he previously served as a member of the Fort Monmouth Economic Revitalization Planning Authority and as a non-voting designee to the South Jersey Transportation Authority. In addition, he served as the interim Executive Director for the Fort Monmouth Economic Redevelopment Authority during its formation in 2010.
Prior to re-joining the EDA in 2008, Mr. Lizura served as Director of World Trade Center Redevelopment/Deputy Director of Redevelopment at the Port Authority of NY & NJ. In this capacity, he was responsible for overseeing all redevelopment activities for the commercial interests of the World Trade Center site in lower Manhattan.
Mr. Lizura previously worked for over a decade in the EDA’s Real Estate Department where he served as Director until his departure in 2006. As Director, he was responsible for overseeing approximately $500 million in real estate development and managed EDA’s 5.6-millionsquare-foot real estate portfolio. Mr. Lizura’s real estate accomplishments include the management of the EDA’s flagship facility, The Technology Centre of New Jersey in North Brunswick, as well as leading the EDA’s activities to advance the Camden Economic Recovery initiative, where he created innovative lease incentives and managed the development of the award-winning Waterfront Technology Center at Camden.
Prior to his tenure at the EDA, Mr. Lizura spent four years with the Federal Deposit Insurance Corporation (FDIC) during one of the most turbulent periods in banking history. During his tenure at the FDIC, his responsibilities ranged from leading bank seizure teams to overseeing the portfolio sale of $300 million in loan assets.
Mr. Lizura has previously served as the Chair of the New Jersey Biotechnology & Life Sciences Coalition, and was named in 2006 as one of NJBIZ Magazine’s “40 Under 40,” an award which honors men and women who have made headlines in their field and share a commitment to business growth, professional excellence and the community.
Mr. Lizura obtained a B.A. degree from Rutgers University in 1990, with a major in Economics and minor in Accounting. He also obtained his M.B.A in 1996 from the Rutgers Graduate School of Management.more » « less