New Jersey Economic Recovery ACt

Governor Phil Murphy signed the New Jersey Economic Recovery Act of 2020 (ERA) into law on January 7, 2021. The ERA creates a seven-year, $14 billion package of tax incentive, financing, and grant programs that will address the ongoing economic impacts of the COVID-19 pandemic and build a stronger, fairer New Jersey economy. The public is invited to provide feedback on draft program rules.

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NOW ACCEPTING APPLICATIONS FOR THE CONSTRUCTION INFLATION FUND

The Construction Inflation Fund is mitigating the negative economic impacts of the COVID-19 pandemic by providing support to real estate development in the form of grants for substantial rehabilitation, new construction, and development costs associated to each project.

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NOW ACCEPTING APPLICATIONS FOR THE ASSET ACTIVATION PLANNING GRANT

The New Jersey Asset Activation Planning Grant will award grants of up to $50,000 to public, private, or non-profit entities, for early-stage planning and analysis that will demonstrate viability of projects that activate under-utilized public assets that benefit their communities and the regional economy.

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film and digital media studio infrastructure program

The NJEDA is now accepting applications for the Film & Digital Media Studio Infrastructure Program, a pilot program that will provide grants to municipalities, municipal entities, counties, county entities, and/or State instrumentalities for infrastructure improvements and sitework in support of the development of a film or digital media studio production facility.

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now accepting applications for Angel match program

The NJEDA is now accepting applications for the Angel Match Program. This program matches angel investors’ direct investment in early-stage, product-based technology companies within targeted industries on a 1-to-1 basis with unsecured convertible notes ranging from $100,000 to $500,000.

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News & Updates

Press Release
October 3rd, 2023

NJEDA Announces $12 Million Funding to 48 Cannabis Equity Grant Awardees

Bloomfield, N.J. (October 3, 2023) —Today, New Jersey Economic Development Authority Chief Executive Officer, Tim Sullivan, and Chief Community Development Officer, Tai Cooper, joined Bloomfield Mayor, Michael J. Venezia, along with representatives of the New Jersey Cannabis Regulatory Commission (NJCRC) to announce the awarding of $12 million of grant funding.
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Press Release
October 2nd, 2023

NJEDA Angel Tax Credit Approvals Drive over $63 Million in Private Sector Investment into New Jersey Companies in 2023

TRENTON, N.J. (October 2, 2023) – The New Jersey Economic Development Authority (NJEDA) announced today that 28 emerging New Jersey technology businesses benefitted from $63.2 million in private investment as supported in 2023 by the New Jersey Angel Investor Tax Credit Program (ATC).
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Press Release
October 2nd, 2023

NJEDA to Announce Cannabis Grant Awardees & Major New Funding

TRENTON, N.J. (October 2, 2023) – Tomorrow, Tuesday, October 3, 2023, the New Jersey Economic Development Authority (NJEDA) will host a press conference to announce the recipients of the $250,000 Joint Ventures Grants and provide a funding update for its Cannabis Equity Grant Program.
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Press Release
October 2nd, 2023

NJEDA Releases Aspire Program Rules for Public Feedback

TRENTON, N.J. (September 29, 2023) – The New Jersey Economic Development Authority (NJEDA) is seeking public input on a revised set of rules for the Aspire Program.
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Press Release
September 21st, 2023

NJEDA Establishes Diversity Finance Advisory Board

WOODBRIDGE, N.J. (September 21, 2023) – The New Jersey Economic Development Authority (NJEDA) today announced the establishment of the Diversity Finance Advisory Board (DFAB).

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Press Release
September 19th, 2023

NJEDA Provides Update on Child Care Facilities Improvement Program

TRENTON, N.J. (September 19, 2023) – The New Jersey Economic Development Authority (NJEDA) announced today that it will close applications for Phase 1 of its Child Care Facilities Improvement Program on October 20.
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Press Release
September 13th, 2023

Newark Transit-Oriented Housing Development Approved Under NJEDA’s Aspire Program

TRENTON, N.J. (September 13, 2023) – The New Jersey Economic Development Authority (NJEDA) Board approved tax credits for an additional residential project in Newark under its Aspire Program.
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Press Release
September 12th, 2023

NOTICE OF CCRC BOARD MEETING

Please be advised that the next Capital City Redevelopment Corporation Board Meeting will be held in person and via teleconference on Tuesday, September 19, 2023, at 11:00 am.
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Press Release
September 12th, 2023

NJEDA Partners with NJIT to Create Two Offshore Wind Graduate Certificate Programs

TRENTON, N.J. (September 12, 2023) – The New Jersey Economic Development Authority (NJEDA) Board today approved a memorandum of understanding (MOU) with the New Jersey Institute of Technology (NJIT) to provide $399,000 in funding to the Professional Offshore Wind Energy Certificates (POWERCERTS) Program.
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Press Release
September 12th, 2023

NJEDA Board Approvals Expand List of New Jersey Innovation Evergreen Fund Qualified Venture Firms

The New Jersey Economic Development Authority (NJEDA) today approved three additional venture capital firms as Qualified Venture Firms (QVFs) in the New Jersey Innovation Evergreen Fund (NJIEF).

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Press Release
September 8th, 2023

NOTICE OF CSIT BOARD MEETING – 9/15/2023

A meeting of the Commission of Science, Innovation and Technology (CSIT) Board has been scheduled for Friday, September 15, 2023, at 10:00 am.
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Press Release
September 5th, 2023

NOTICE OF NJEDA ANNUAL BOARD MEETING – 09/12/2023

The New Jersey Economic Development Authority’s next public Board Meeting will be held in person and via teleconference on Tuesday, September 12, 2023, at 10:00 am.
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Press Release
September 5th, 2023

Applications Open for NJEDA’s Construction Inflation Fund

TRENTON, N.J. (September 5, 2023) – The New Jersey Economic Development Authority (NJEDA) is now accepting applications for the Construction Inflation Fund.
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Press Release
August 17th, 2023

NJEDA to Launch $10M Food Desert Relief Tax Credit Auction

TRENTON, N.J. (August 17, 2023) – The New Jersey Economic Development Authority (NJEDA) will auction up to $10 million in corporate and insurance premiums tax credits through the Food Desert Relief Tax Credit Auction beginning on September 18.
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Press Release
August 15th, 2023

Sustain and Serve NJ distribuye más de 5 millones de comidas

TRENTON, N.J. (15 de agosto de 2023) – La Autoridad para el Desarrollo Económico de New Jersey (NJEDA, por sus siglas en inglés) anunció hoy que ha alcanzado el admirable hito de apoyar la compra y distribución de más de cinco millones de comidas.
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Press Release
August 14th, 2023

NJEDA Releases C-PACE Program Supplemental Documents for Public Feedback

The New Jersey Economic Development Authority (NJEDA) has released draft supplemental uniform assessment documents for the Garden State Commercial Property Assessed Clean Energy (C-PACE) Program for public review and feedback.

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Press Release
August 9th, 2023

NJEDA Announces Over $400K in Asset Activation Planning Grants; Launches Phase II of Redevelopment Grant Program

TRENTON, N.J. (August 9, 2023) – The New Jersey Economic Development Authority (NJEDA) today announced nine awardees of the New Jersey Asset Activation Planning Grant Program who will receive a combined $407,800 in grants.
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Press Release
August 1st, 2023

Sustain & Serve NJ Distributes More Than 5 Million Meals

The New Jersey Economic Development Authority (NJEDA) announced today that it has reached the remarkable milestone of supporting the purchase and distribution of more than five million meals through its Sustain & Serve NJ program.

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Press Release
July 28th, 2023

NJEDA Board Approves Ørsted Sublease at New Jersey Wind Port

TRENTON, N.J. (July 28, 2023) – The New Jersey Economic Development Authority (NJEDA) Board on Wednesday approved the Authority entering into development and sublease agreements with Ørsted Wind Power North America, LLC (Ørsted).
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Press Release
July 27th, 2023

NJEDA Approves Four Additional Qualified Venture Capital Firms for the New Jersey Innovation Evergreen Fund

TRENTON, N.J. (July 27, 2023) – The New Jersey Economic Development Authority (NJEDA) Board yesterday approved adding four venture capital firms to the growing list of Qualified Venture Firms (QVFs) that can access funding from the New Jersey Innovation Evergreen Fund (NJIEF).
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Press Release
July 26th, 2023

NJEDA Board Approves Another Round of Aspire Tax Credits Aimed at Affordable Senior Residential Projects in North Jersey

TRENTON, N.J. (July 26, 2023) – Two residential development projects in underserved North Jersey communities were approved for tax credits under the Aspire Program today by the New Jersey Economic Development Authority (NJEDA) Board.
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Press Release
July 19th, 2023

NOTICE OF NJEDA BOARD MEETING – 07/26/2023

The New Jersey Economic Development Authority’s next public Board Meeting will be held in person and via teleconference on Wednesday, July 26, 2023, at 10:00 am.
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Press Release
July 13th, 2023

Governor Murphy Announces Additional $20M in Funding for NJ Manufacturing Voucher Program

Governor Phil Murphy today highlighted the additional $20 million included in the Fiscal Year 2024 budget to boost the New Jersey Economic Development Authority’s (NJEDA) New Jersey Manufacturing Voucher Program (MVP) – bringing the program’s total funding to $53 million.
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Press Release
July 12th, 2023

NJEDA Seeks Technical Assistance Providers & Financial Institutions to Assist NJ ZIP Applicants

The New Jersey Economic Development Authority (NJEDA) is creating a publicly available database of providers that may be able to offer a variety of technical assistance and financial support to help applicants and participants purchasing commercial electric vehicles through the New Jersey Zero-Emission Incentive Program (NJ ZIP).

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Press Release
July 11th, 2023

CSIT Awards $3.6M+ Through Pilot Clean Tech Demonstration Grant Program

The Commission on Science, Innovation and Technology (CSIT) has awarded over $3.6 million to 14 New Jersey startups through its Pilot Clean Tech Demonstration Program. The competitive program supports clean technology businesses that have…

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Upcoming Board Meetings

October
12
10:00 am
Thursday

October 12, 2023

NJEDA Board Meeting

NJEDA Newark Office – One Gateway Center (11-43 Raymond Plaza West, Newark, NJ 07102) Teleconference: 877-692-8955 Conference ID: 4204420

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    February 8, 2023

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    January 18, 2023

    Special Telephonic NJEDA Board Meeting

    December 21, 2022

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    November 16, 2022

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    QR code to https://njeda.zoom.us/webinar/register/WN_lJ8tDiYyRmS8IQIO74sfRg.
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    23
    12:00 pm
    Free Event
    Thursday

    March 23, 2023

    NJ ZIP Phase 2 Purchaser Application Walk-Through

    Phase 2 of the New Jersey Economic Development Authority’s (NJEDA’s) New Jersey Zero Emission Incentive Program (NJ ZIP) provides funding to support electric vehicle purchases by eligible New Jersey businesses and organizations for commercial, industrial, or institutional purposes. This phase …
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    24
    10:00 am
    Free Event
    Tuesday

    October 24, 2023

    Foundation 2 Blade for New Jersey Companies: October 24-26, 2024.

    The New Jersey Economic Development Authority and the Wind Institute have partnered with the Business Network for Offshore Wind to offer the Foundation 2 Blade industry training free-of-charge to all New Jersey-based businesses. Foundation 2 Blade is the industry’s most …
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    14
    10:00 am
    Free Event
    Thursday

    December 14, 2023

    NJEDA Board Meeting

    NJEDA Board Room, 36 West State Street, Trenton, NJ Teleconference: 877-692-8955 Conference ID: 4204420
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