The ART Program will be a competitive grant program accepting applications during a 60-day business day window. NJEDA must receive a minimum of 3 applications in order to start the process towards application evaluation, scoring, and approval.
Grants will be scored on a scale of 0-100 points, with award recommendations limited to applications that meet or exceed the minimum score requirement of 65 points. Applications will be evaluated and scored on each of the criteria found in Exhibit B.
Grant award recommendations will be made based on the highest scored applications received after the competitive application window closes. Awards will be recommended in order until the funding pool is fully utilized.