More than 550 productions filmed in NJ, spending $833M

TRENTON, N.J. (October 21, 2025) – The New Jersey Motion Picture and Television Commission (NJMPTVC), which is part of the New Jersey Economic Development Authority (NJEDA), announced today that overall in-state production spending from filmmaking hit $833 million in 2024, surpassing the previous record of $701 million in 2022. 556 productions filmed in New Jersey last year, hiring a total of more than 30,000 crew members, nearly doubling the number of crew hires from 2023.

The film industry has surged since Governor Phil Murphy reinstated the Film and Digital Media Tax Credit Program in 2018. The program, which has been extended to 2049, offers tax credits to film and digital media productions of up to 40 percent for expenses incurred. New Jersey’s competitive tax incentive program supported an increase of 41 percent in total qualified spend from 2023 to 2024, while film spending in other North American production hubs decreased or remained stagnant.

“New Jersey has solidified its place as a formidable leader in the national and international film industries,” said Governor Murphy. “Our tax incentive program has been impactful in bringing new movies, television shows, and major studios to the state, which has resulted in good-paying jobs and revitalized communities. The film industry is here to stay and the future of entertainment now runs through the Garden State.”

“2024 was another banner year for New Jersey’s film industry, welcoming hundreds of productions and hiring thousands of crew members, generating meaningful economic activity across the state,” said NJEDA Chief Executive Officer Tim Sullivan. “Governor Murphy’s vision to bring the film industry back to New Jersey has been achieved and we are on the radar of content creators everywhere. As we continue attracting productions and studios, it will lead to new job opportunities for residents and greater business for mom and pop shops.”

New Jersey was the backdrop for major productions in 2024, including Oscar-nominated ‘A Complete Unknown’ starring Timothée Chalamet and ‘Happy Gilmore 2’ starring Adam Sandler, the latter of which spent a record-breaking $152 million during its 64 days of filming in the state.

Other Made in NJ productions that filmed in 2024 include ‘The Housemaid’ starring Sydney Sweeney and Amada Seyfried, ‘The Beast in Me’ starring Claire Danes, ‘A House of Dynamite’ directed by Kathryn Bigelow, and ‘Deliver Me from Nowhere’, the Bruce Springsteen biopic.

“From beaches and farms to busy city centers and quiet suburban streets, New Jersey offers the perfect location for any production,” said NJMPTVC Executive Director Jon Crowley. “Our diverse locations and talent pool make New Jersey a top-tier destination for producers and directors. 2024 proved that New Jersey, the birthplace of film, is the industry’s future.”

In addition to individual productions filming in the state, studios are choosing New Jersey to expand their presence. After Netflix was designated as a Studio Partner and approved for Aspire awards by the NJEDA in 2024, the  leading entertainment services company broke ground on its state-of-the-art production facility in Fort Monmouth earlier this year. 1888 Studios in Bayonne was designated as Film-Lease Partner Facility and approved for Aspire awards in 2024.

Last year, the NJEDA approved $9.5 million in funding for five projects under the Film and Digital Media Studio Infrastructure Program, aimed to support the development of production studios.

The NJMPTVC helps attract production work and supports filmmakers with all of their needs, including financial incentives, permits, regulations, production services, site selection and clearance. The Commission’s Film Ready New Jersey Program prepares communities to accommodate movie and television producers and effectively market themselves as film destinations, bolstering the state’s standing as a national leader in film and television production. There are now 43 designated Film Ready Communities across the state.

About the New Jersey Motion Picture & Television Commission

The NJMPTVC, part of the NJEDA, is staffed by industry professionals and serves as a resource for production companies. The Commission promotes film and television production in New Jersey.

www.film.nj.gov

About the NJEDA

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

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TRENTON, N.J. (October 21, 2025) – Today, the New Jersey Economic Development Authority (NJEDA) announced Scott Lechky has been appointed as the first Executive Director of the New Jersey Green Bank (NJGB). The NJGB, which is a wholly owned subsidiary of the NJEDA, aims to use climate-related investments and financial assistance to mobilize private capital to accelerate the adoption of clean energy, advance New Jersey’s climate goals, and reduce the cost of energy for all utility ratepayers in New Jersey.

“Establishing the New Jersey Green Bank has been a pivotal step in Governor Murphy’s continued push to meet the ongoing challenges of climate change,” said NJEDA Chief Executive Officer Tim Sullivan. “As the Executive Director of the New Jersey Green Bank, Scott Lechky will work to inject capital into the state’s clean energy economy and support green businesses and good-paying jobs in the energy sector. Additionally, the investments made by the NJGB will pave the way for a cleaner and healthier environment for our residents and future generations.”

Lechky has over two decades of experience in energy and energy infrastructure investing, investment banking, energy project development, and corporate and project finance. He was the Founder and Managing Partner of Andelis Infrastructure Partners, a broker dealer and investment management firm focused on advising clients and investing in early-stage opportunities in the energy transition sector. Prior to launching Andelis, Lechky was the Chief Financial Officer of OYA Solar, a community solar developer that successfully placed 38 Mega Watts (MW) of solar projects into operations in New York. Lechky previously held investment banking roles focused on power, utilities, and infrastructure with Credit Suisse, Bank of America Merrill Lynch, and Barclays, and energy infrastructure investment management roles at Antarctica Capital and Alberta Investment Management Corp. (AIMCo).

“From more violent storms to increased flooding, the effects of climate change have become all too familiar here in New Jersey,” said Chief Economic Transformation Officer Kathleen Coviello. “We are excited for Scott Lechky to join the New Jersey Green Bank, which is poised to support the Murphy Administration’s mission to combat climate change, transition to 100 percent clean energy, and strengthen our communities and economy for generations to come.”

“As the energy industry faces unprecedented demand growth in the coming years, I am excited to lead the New Jersey Green Bank in collaboration with key industry stakeholders that seek to diversify and decarbonize our energy sources,” said New Jersey Green Bank Executive Director Scott Lechky. “I am looking forward to establishing partnerships with private capital in support of technological innovation and the clean energy entrepreneurs that are delivering a lasting and positive impact on our environment, the economy and New Jersey communities.”

Lechky holds a Master of Business Administration (MBA) from Northwestern University’s Kellogg School of Management with majors in Accounting and Analytical Finance and a Bachelor of Commerce Degree in Finance from the University of Alberta. He is also a Chartered Financial Analyst charter holder.

Reporting to the Board of Directors, Lechky will have overall strategic and operational responsibility for the NJGB’s staff, programs, and mission execution. In addition, Lechky will serve as the public face of the NJGB with key partners and stakeholders. Importantly, Lechky will provide strategic leadership and guide the organization through its critical start‐up and early growth phase – recruiting a high-performing team with deep investment and clean energy expertise, overseeing the completion of its first investments, and securing additional capital to scale impact across New Jersey.

Established in April 2024, the NJGB is a component of the 2019 Energy Master Plan and Governor Murphy’s Executive Order 316, which directed the NJEDA to implement programs supporting building electrification through the NJGB. As a subsidiary of the NJEDA focused exclusively on climate investments, the NJGB is well-positioned to attract private capital, including funds from public-private partnerships, as has been the case with other Green Banks in the United States. The NJGB intends to facilitate the development of climate and clean energy capital markets in the state through new forms of financial support, such as warehousing and securitization products, that address underdeveloped or nonexistent capital markets for these investments.

About the NJEDA

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

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10-29-2025 – Updated with Extended Deadlines

TRENTON, N.J. (October 20, 2025) – The New Jersey Economic Development Authority (NJEDA) has issued a Request for Information (RFI) to gather insights from qualified entities on how to improve the Emerging Developers Grant Program, broaden eligibility, and better support small-scale developers. Originally launched in 2024, the program was created to help developers gain access to capital and build additional capacity to expand their existing portfolio by providing grants of up to $250,000 for pre-development soft costs.

“Under Governor Phil Murphy’s leadership, New Jersey has expanded resources for small businesses and small-scale developers, eliminating barriers to capital and creating a more equitable economic landscape,” said NJEDA Chief Executive Officer Tim Sullivan. “With an expanded Emerging Developers Grant Program, the NJEDA will be better positioned to open pathways to vital capital for new developers, catalyzing economic opportunity in underserved communities and bolstering small businesses throughout the state.”

“The NJEDA continues to support Governor Murphy’s goal of creating a more inclusive and equitable economy in New Jersey by expanding opportunities for small businesses and residents of underserved communities,” said NJEDA Chief Community Development Officer Tai Cooper. “The next iteration of the Emerging Developers Grant Program will break down barriers to capital and resources for small-scale developers, resulting in projects that will transform communities and contribute to the vibrancy of our main streets.”

To date, the NJEDA has awarded 50 grants totaling more than $5.4 million to small scale-scale developers through the initial phase of the Emerging Developers Grant Program. This funding is helping new developers across the state expand their portfolios and access much-needed capital.

Gotta Go Gaming, based in Jersey City, utilized $250,000 in funding to cover critical soft costs for its Sci Tech and Esports Hub, paying for architectural designers, funding consulting fees, and covering interior decorating and design work. Gotta Go Gaming previously received support through the NJEDA’s Main Street Micro-Business Loan and the Small Business Emergency Assistance Grant Program

“Without this support, many of these foundational elements would have been challenging to complete in a timely manner. Thanks to NJEDA’s assistance, we are well-positioned to bring this project to completion and to deliver on its vision for community impact,” said Gotta Go Gaming Chief Executive Officer John Robinson. “We greatly appreciate NJEDA’s commitment to supporting developers and community growth.”

MPMB Developers, based in Atlantic City, also received an award under the Emerging Developers Grant Program, which it used to complete an expanded storage facility for its bike rental business, create a much-needed trash and storage enclosure, and add a new residential unit. The project also received NJEDA funding through the Small Business Fund and the Small Business Improvement Grant Program.

“The critical funding provided by the NJEDA’s Emerging Developers Grant Program allowed us to expand North Beach Mini Golf and improve our services,” said MPMB Developers Co-Owner Nick Intrieri. “We look forward to continuing to serve the Atlantic City community and are grateful to the NJEDA’s commitment to supporting small-scale developers.”

While New Jersey has expanded resources for small-scale developers, access to capital continues to be a challenge due to predatory lending, excessive carrying costs, and predevelopment expenses. These deterrents in the development industry have created financial setbacks and limited portfolios for emerging development entities that do not have the capital to cover soft costs.

The NJEDA is interested in receiving comments, questions, and responses that will help the NJEDA better understand the scope and characteristics of access to capital and other forms of financing available to underserved real estate developers. Potential respondents may include, but are not limited to, applicants from the original Emerging Developers Grant Program, Community Development Finance Institutions, community development lending units of medium and large banks, state and local government entities, and other mission-based lenders. The RFI can be found here.

All questions concerning this RFI must be submitted in writing no later than November 5, 2025, via e-mail to: EmergingDevelopersRFI@njeda.gov. The subject line of the e-mail should state: “QUESTIONS-2025-264-RFI- Emerging Developers Program-Program Redesign and Expansion”. Answers to questions submitted will be publicly posted on the Authority’s website under the RFIs section on or around November 12, 2025.

All RFI responses must be submitted in writing no later than November 26, 2025, via e-mail to: EmergingDevelopersRFI@njeda.gov. The subject line of the e-mail should state: “2025-264-RFI-Emerging Developers Program-Program Redesign and Expansion”.

About the NJEDA

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

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Authority seeking proposals to redevelop nearly 16 acres of waterfront property

CAMDEN, N.J. (October 14, 2025) – The New Jersey Economic Development Authority (NJEDA) has released a Request for Expressions of Interest (RFEOI) to solicit proposals for the redevelopment of nearly 16 acres of property along the Camden Waterfront. The riverfront property, which boasts views of the Philadelphia skyline and is in close proximity to a public park, is a prime location for new mixed-use development. 

“This is a major milestone in Camden’s continued renaissance, and we are looking forward to the new opportunities that the redevelopment of this property will bring,” said Governor Phil Murphy. “We are committed to pursuing a project that meaningfully benefits the community and ensures that Camden residents reap the economic benefits.”  

“Under Governor Murphy’s leadership, New Jersey is investing in the future of Camden, and it has prioritized redeveloping underutilized properties into real economic drivers,” said NJEDA Chief Executive Officer Tim Sullivan. “This presents a unique opportunity to transform the waterfront property by creating a landmark development with the goal of unlocking new economic opportunities for the residents, families, and small businesses of Camden.”

The nearly 16 acres is comprised of two properties known formally as the Riverfront Prison and Weeks Marine sites, which are situated north of the Benjamin Franklin Bridge. Recognizing the interconnected nature of access to recreation and open space amenities, and economic development potential, the New Jersey Department of Environmental Protection, the owner of the former Weeks Marine site, has begun the visioning process to develop a waterfront park along the property with the intent of connecting into ongoing recreation development projects in the region. 

“This is an exciting time as Camden is no longer a city of potential, but a city of progress and the time to invest is now,” said Camden Mayor Victor G. Carstarphen.  “Our strategy remains focused on bolstering public safety, promoting economic growth, and improving educational outcomes for our residents.  These are the building blocks for vibrant neighborhoods and a healthy economic climate.  We are delighted to be working with Governor Phil Murphy and the New Jersey Economic Development Authority to promote the development of this location.  This is a unique opportunity to redevelop acres of beautiful waterfront property with sweeping views.  The redevelopment of this site will play a pivotal role as we build a stronger City of Camden and an attractive gateway into New Jersey.”

“The Department of Environmental Protection is thrilled to partner with NJEDA and Camden on this exciting opportunity that underscores the Murphy Administration’s commitment to expanding and creating urban parks that align with community planning and sustainable development,” said Environmental Protection Commissioner Shawn M. LaTourette. “The repurposing of these sites along the Delaware River as parkland advances our efforts to connect the public to urban waterways, strengthen community bonds, and improve quality of life in our cities.” 

Connecting the Delaware river to existing walkable neighborhoods and downtown Camden, the property boasts easy access to waterfront recreation and entertainment venues like the Freedom Mortgage Pavilion and Wiggins Riverfront Stage, as well as other amenities. Also nearby are historic sites, including the Walt Whitman House, the Battleship New Jersey, and the Benjamin Franklin Bridge. Adjacent to the Property is the 17th century Benjamin Cooper Tavern, which is undergoing restoration. 

Additionally, with interstate-highway access, the PATCO High Speedline, the New Jersey Transit River Line light-rail, expanding trail networks, and the innovative Loop last-mile solution, mobility throughout the area is on par with most major cities, and is only minutes from Center City Philadelphia. 

The City’s North Camden Waterfront Study Area Redevelopment Plan, adopted in 2014, established a framework to guide future development of the waterfront area North of the Ben Franklin Bridge.  

The Redevelopment Plan is built upon several city and neighborhood plans produced over the past 20 years, and the shared vision developed through community engagement. That vision entails a vibrant, pedestrian friendly, mixed-use district, landmark public spaces which emphasize access and views of the river, and improved connectivity to the rest of Camden and the greater Philadelphia region.

“The Camden Waterfront is one of Camden County’s greatest assets, and a key part of the city’s transformation,” said Commissioner Director Louis Cappelli Jr. “Expanding redevelopment north of the Ben Franklin Bridge will bring new economic opportunities, and continue Camden’s incredible progress.”

“This large expanse of green space is prime real estate for the next phase of Camden’s renaissance. The future is now in the city and these parcels will be a stepping stone to the continued momentum that has already attracted billions of dollars of private investment,” said Commissioner Jeffrey Nash. “In short, this redevelopment will become a strategic marker for both the city’s growth, and it’s quality of life.”

To ensure staff’s receipt and review of a proposal, Responses should be submitted electronically by Tuesday, December 9, 2025, at 11:59 p.m. Click here to view the RFEOI and complete submission instructions. 

Questions may be submitted via email by Monday, November 10, 2025, at 11:59 p.m. Questions may be sent to QARED@njeda.gov using the subject line: Questions RFEOI-0000081-Camden Prison. Responses to the questions will be posted the NJEDA’s website on or about Monday, December 1, 2025. 

About the NJEDA

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

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Awards under the NJ Film Works Grant Program will prepare NJ residents for careers in a critical sector

TRENTON, N.J. (October 14, 2025) – Last week, the New Jersey Economic Development Authority (NJEDA) Board approved $3 million in grant awards to five workforce development initiatives under the New Jersey Film Works Grant Program. The awards will expand access to workforce development training, internship, apprenticeship, and learning opportunities in the state’s booming film and digital media industry, with a focus on providing career opportunities for residents of Overburdened Communities.

“Under Governor Phil Murphy’s leadership, the film and digital media industry is continuing to grow in New Jersey, bringing large-scale productions, state-of-the-art film studios, and thousands of high-quality jobs to the Garden State,” said NJEDA Chief Executive Officer Tim Sullivan. “With strong workforce development initiatives, like the NJ Film Works Grant Program, New Jerseyans will be better equipped to make the most of the industry’s immense economic opportunities.”

Awardees were required to propose impactful workforce development training, internship, apprenticeship, or learning opportunities in occupations such as editing, set construction, special effects, wardrobe, and camera operation. In line with Governor Murphy’s mission to strengthen economic opportunities for every New Jerseyan, the competitive program included a focus on providing opportunities for residents of Overburdened Communities. Applicants were eligible for a grant award of up to $750,000.

Following the revival of the Film and Digital Media Tax Credit Program under the Murphy Administration, the state has attracted hundreds of feature films, television shows, and digital media projects. The production surge, along with the construction of world-class film studios, like Netflix at Fort Monmouth and 1888 Studios in Bayonne, has increased the need for skilled industry professionals in the film and digital media sector.

“This vital grant funding marks a significant step in fortifying New Jersey’s position as a leader in the film and digital media sector,” said Robert Asaro-Angelo, Commissioner of the New Jersey Department of Labor and Workforce Development. “Through this investment, we’re preparing workers for rewarding careers while also ensuring our diverse communities are at the forefront of this burgeoning field. This is a key scene in our state’s story of innovation and growth, with all New Jerseyans having a chance to shine.”

“Every production requires a skilled crew to run smoothly, and with more major studios choosing the Garden State due to its varied locations and nation-leading incentives, New Jerseyans need to be prepared for new and exciting employment opportunities,” said New Jersey Motion Picture and Television Commission Executive Director Jon Crowley. “The grant awards announced last week will support innovative workforce training programs across the state, further positioning New Jersey as a national hub for film and television production.”

The following applicants were approved for grant awards:

  • Invest Newark ($750,000) – Invest Newark will provide training for Production Assistant and Rigger/Grip/Set Grip positions, with in-person training taking place primarily in Newark. The economic development agency will collaborate with the Newark Office of Film and TV, Express Newark’s Community Media Center, NewarkWORKS One Stop Career Center, Newark Film School, and the New Jersey Performing Arts Center to provide technical training and job placement assistance.
  • Reel Works ($750,000) – Reel Works will train individuals for Assistant Camera, Production Accountant, and Set Carpenter positions. The training will be in a hybrid format, with in-person instruction taking place near the Netflix Studio Campus at Fort Monmouth in Oceanport. Reel Works will collaborate with the International Alliance of Theatrical Stage Employees (IATSE) Locals 52 and 600, among other local stakeholders, for instruction and employment connections.
  • AbelCine ($668,838) – AbelCine will provide training for Audio and Video Technician, Camera Operator, and Digital Imaging Technician positions. The training will be in a hybrid format, with in-person instruction taking place primarily in Newark. Abel Cine is a training partner with IATSE Local 600, among other guilds, and will utilize internal business units and its existing network for job placements.
  • Aspire Youth Development ($444,164) – Aspire Youth Development will offer training for the positions of Assistant Editor, Camera Operator, and Film and TV Editor. In-Person training will take place primarily in Lumberton and be accessible to residents in Camden, Gloucester, and Burlington Counties. Aspire Youth Development will collaborate with Creative Content OnDemand to deliver core technical instruction and leverage its existing network to create employment, apprenticeship, and other work experience opportunities.
  • Independent Content Studio ($386,998) – Independent Content Studio will provide training for Assistant Editor, Audio and Video Technician, and Set Design positions in a hybrid format, with in-person instruction taking place in Paulsboro and Gibbstown. Independent Content Studio will collaborate with Paulsboro High School, Rowan University, and All That’s Good Productions to deliver the proposed program.

About the NJEDA

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

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Aimed at reducing greenhouse gas emissions and energy costs, RETROFIT NJ will expand upon the efforts of the existing NJ Cool program

TRENTON, N.J. (October 9, 2025) – Building upon the New Jersey Economic Development Authority’s (NJEDA) efforts to bolster the state’s clean energy economy, the Board approved a new program today aimed to reduce greenhouse gas emissions and energy costs. The Reducing Emissions through Retrofits, Optimization, Fuel-Switching, and Innovative Technologies (RETROFIT NJ) Grant Program will support multi-pronged, large-scale retrofit projects that enable holistic energy improvements for buildings, campuses, and multi-building facilities, expanding upon the efforts of the existing NJ Cool program.

“New Jersey is leading the nation in building a cleaner and more resilient future,” said Governor Phil Murphy. “The RETROFIT NJ Grant Program strengthens our commitment to reducing emissions, cuts energy costs, and drives innovation across our state. By investing in retrofit projects, we are not only protecting our environment, but also creating good-paying jobs and lowering costs for families and businesses.”

“Under Governor Phil Murphy’s leadership, New Jersey has made great strides in saving businesses money, lowering our carbon footprint, and fostering a cleaner and greener state,” said NJEDA Chief Executive Officer Tim Sullivan. “Programs such as RETROFIT will establish New Jersey as a national leader in large-scale building decarbonization efforts, while spurring economic activity and creating jobs.”

RETROFIT NJ will offer grant awards between $2.5 million and $12.5 million to commercial, industrial, and institutional building owners undertaking retrofit projects with a minimum total project cost of $5 million. Eligible projects must include at least three clean energy or electrification components, such as solar, energy storage, electrification of heating, refrigerant replacement, and energy efficiency upgrades. RETROFIT NJ will also provide support for projects implementing Thermal Energy Networks (TENs), an emerging technology that can significantly reduce emissions across multiple buildings. This program is the largest government construction grant program available for TENs in the country with up to $12.5 million available per project, demonstrating New Jersey’s strong leadership in advancing cutting-edge technology solutions to climate change.

“New Jersey is committed to combating climate change through impactful programs that aim to reduce our carbon footprint and promote a greener state,” said NJEDA Chief Economic Transformation Officer Kathleen Coviello. “With today’s approval of the RETROFIT NJ program, we’re expanding access to energy-efficient upgrades, strengthening our communities and economy, while helping businesses reduce energy use and save money.”

Currently, the NJ Cool program provides financial assistance to commercial, industrial, and institutional building owners and tenants undertaking retrofit construction projects that reduce operating greenhouse gas emissions from existing buildings in State-designated Overburdened Communities (OBCs) and Adjacent Community census blocks.

Since its launch in 2023, NJ Cool has been a popular program, receiving a high-volume of applications for smaller to medium-sized building decarbonization projects. The NJEDA has expanded the program’s eligibility requirements and infused an additional $15 million to support the program. With support from the NJ Cool program, awardees in Edison and Newark have utilized grant funding to make energy-efficient improvements, such as replacing natural gas heating, ventilation, and air conditioning (HVAC) units with electric units, installing solar panels, and replacing existing natural gas boilers with an electric variable refrigerant flow (VRF) system. Further examples of successful NJ Cool projects can be found on the NJ Cool webpage under the “Completed Projects” tab. The RETROFIT NJ program will complement NJ Cool by supporting larger, complex building decarbonization projects that fall outside the scope of limitations for NJ Cool.

The RETROFIT NJ program will utilize $75 million in Regional Greenhouse Gas Initiative (RGGI) funds, with 50 percent of the funding pool designated for applications submitted for projects in OBCs and/or for Institutional applicants for a one-year period. Funding provided by the program will cover both hard and soft project costs, including design, engineering, equipment, construction, and commissioning. Non-profit and institutional applicants will receive up to 60 percent reimbursement, while for-profit commercial entities are eligible for up to 50 percent reimbursement, with an additional 5 percent bonus for all projects located in OBCs. Applications will be accepted on a rolling basis with phased disbursement.

Applications for RETROFIT NJ are expected to open in the first quarter of 2026. For more information and a complete list of eligibility requirements, click here.

About the NJEDA

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

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The advisory council will advance NJ’s innovation ecosystem and cultivate collaboration amongst the state’s 12 SICs

NEWARK, N.J. (October 8, 2025) – Governor Phil Murphy kicked off the inaugural meeting of the newly-formed Strategic Innovation Center Advisory Council (SIC-AC) today at Prudential Plaza in Newark. The advisory council brings together key stakeholders, academic and corporate leaders, industry champions, subject matter experts, and government officials to further advance New Jersey’s innovation ecosystem through the SIC network established during the Murphy Administration. The SIC initiative is powered by the New Jersey Economic Development Authority (NJEDA).

“From technology to life sciences and manufacturing, New Jersey is once again leading the way in innovation. The Strategic Innovation Center Advisory Council will serve as a national model for cultivating a welcoming environment for entrepreneurs and keep the state ahead of the curve as market trends shift,” said Governor Murphy.“By bringing together the public and private sector, this unique collaboration will strengthen our innovation ecosystem, helping bring new technologies to the marketplace and create good-paying jobs for our residents.”

SICs are facilities that support research and development, innovation, and entrepreneurship through mentorship, networking opportunities, hands-on training, business support services, and education opportunities. SICs can be accelerators, incubators, or research centers. There are currently 12 announced SICs across the state.

“Throughout his tenure, Governor Murphy has made major investments to bolster innovation across the state, helping create jobs and strengthen our economy,” said NJEDA Chief Executive Officer Tim Sullivan. “Strategic Innovation Centers are supporting the state’s startup community, ensuring that entrepreneurs have access to capital and opportunities for meaningful collaboration with industry stakeholders. Launching the advisory council today confirms the State’s commitment to growing our innovation ecosystem and the expertise and guidance of its members will help enhance our economic competitiveness.”

The SIC-AC aims to make New Jersey a national model of sustainable and equitable economic growth in the innovation sector by creating good-paying jobs, cultivating companies and technologies of the future, and ensuring the state’s long term economic competitiveness. Through dedicated engagement with NJEDA staff, the council seeks to bridge the gap between the private, public, and academic sectors, maximizing the impact of collaborative partnerships within New Jersey’s dynamic innovation ecosystem.

Members of the council will serve as primary advocates for New Jersey’s innovation ecosystem, providing strategic guidance on market trends and ecosystem growth, and assessing programmatic impact. As advocates, members will guide strategic communication efforts, spearhead outreach and engagement with industry, academic, and governmental partners, and will serve as New Jersey innovation economy ambassadors, promoting success stories both from established SICs and NJEDA’s innovation programs.

The advisory council consists of representatives from each announced SIC. Steve Van Kuiken, Senior Partner Emeritus, McKinsey & Company, will serve as the SIC-AC Chairperson. Additionally, the NJEDA CEO, NJEDA Chief Economic Transformation Officer, and the Secretary of Higher Education, will serve as the council’s Ex-Officio members. Individuals from New Jersey’s innovation sectors will also serve on the SIC-AC.

“I’m extremely impressed with the progress made to date on establishing a robust ecosystem of SICs across the State,” said Van Kuiken, Chair of the SIC-AC. “The SICs will be an engine of economic growth for the State for years to come, and the Advisory Council is well positioned to help them achieve that goal.”

Members of the SIC-AC include:

Strategic Innovation Center Representatives

  • Saeed Amidi – Founder & CEO, Plug and Play
  • Michael Olmstead – Chief Revenue Officer and Partner, Plug and Play
  • Howard Kyle – President, National Aerospace Research & Technology Park
  • Paul Hoffman – President & CEO, Liberty Science Center
  • Alexis Richter – Executive Director, SciTech Innovation Hub
  • Duncan Turner – General Partner; Global Managing Director, SOSV; HAX
  • Susan Schofer, PhD – Partner, SOSV; HAX
  • Christopher Paladino – President, New Brunswick Development Corp.
  • Liat Krawczyk – Founding Executive Director, NJ AI Hub
  • Michael Johnson, PhD – President, New Jersey Innovation Institute
  • Michael van Ter Sluis – Vice President of Entrepreneurship, New Jersey Innovation Institute
  • Thierry E. Klein, PhD – President, Nokia Bell Labs Solutions Research
  • Chris Jones, PhD – Vice President of Strategic Partnership, Nokia
  • Jean-Pierre Issa, MD – President & CEO, Coriell Institute for Medical Research
  • Timothy Meyer, PhD – Deputy Director for Operations and Chief Operating Officer, Princeton Plasma Physics Laboratory
  • Tony Lowman, PhD – Inaugural Chancellor, Rowan University

Independent Members

  • Steve Van Kuiken (SIC-AC Chair) – Senior Partner Emeritus, McKinsey & Company
  • Gina Tedesco – Managing Member, Amala Ventures
  • Aisha Glover – Vice President, Urban Innovation, Audible
  • Marie Pryor, PhD – Leader of Microsoft’s TechSpark Initiative
  • Wesley Mathews – President & CEO, Choose New Jersey
  • Sean O’Sullivan – Managing General Partner, SOSV
  • Corey Sanders – Senior Vice President of Strategy, CoreWeave
  • Jeff Cherry – Founder, CEO & Executive Director, Conscious Venture Lab
  • Nina Edwards – Vice President of Emerging Technology & Applied Innovation, Prudential Financial
  • Anindya Sengupta – Vice President, Strategic Initiatives, Prudential
  • Victoria Manax, MD – Partner, Eckuity Capital
  • Josh Barer – Managing Director, Astr Partners
  • John Flavin – Founder & CEO, Portal Innovations
  • Nancy Tyrrell – Director of Academic Partnerships on the Growth and Expansion Team, Portal Innovations
  • Brian Bridges, PhD – Secretary of High Education, Office of the Secretary of Higher Education
  • Tim Sullivan – CEO, New Jersey Economic Development Authority
  • Mary Maples – Deputy CEO, New Jersey Economic Development Authority
  • Kathleen Coviello – Chief Economic Transformation Officer, New Jersey Economic Development Authority

About the NJEDA

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

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NJ BASE will be located in downtown Jersey City

TRENTON, N.J. (October 8, 2025) – The New Jersey Economic Development Authority (NJEDA) Board recently approved an Operator to manage and oversee the New Jersey Business Acceleration and Softlanding Ecosystem (NJ BASE) in Jersey City. SOSA USA LLC will oversee the landing pad, which will serve as the state’s first ever facility to attract foreign companies in key industries by offering a supportive co-working space and marketing services, helping businesses expand and grow in the United States.

“The NJEDA is excited to partner with SOSA on launching NJ BASE and welcoming foreign companies to the Garden State,” said NJEDA Chief Executive Officer Tim Sullivan. “Under Governor Murphy’s leadership, New Jersey has made impactful investments to diversify our economy and create new jobs. NJ BASE will strengthen our state’s position on the global stage by helping entrepreneurs scale their businesses, foster innovation, and build lasting international partnerships.”

NJ BASE will focus on attracting international companies in industries that are critical to New Jersey’s economy, such as cyber security, artificial intelligence, fintech, and other types of innovative technologies and services. The center will allow a business to establish itself in New Jersey, with access to the larger U.S. market, so businesses can then expand, attract investment, and create high quality, long-term jobs.

Following a competitive review process, the NJEDA Board awarded SOSA a contract to serve as NJ BASE’s Operator. SOSA will manage the NJEDA’s leased office space and oversee the day-to-day operations of NJ BASE. The awarded contract is for a term of three years, with two optional one-year extensions.

“SOSA is proud to partner with the NJEDA to launch and operate NJ BASE, New Jersey’s first landing pad for innovative, technology-driven international companies,” said Uzi Scheffer, CEO of SOSA. “Building on over a decade of experience running landing pad programs around the world, we’ll help international companies land, forge commercial relationships, and scale in New Jersey. NJ BASE will collaborate with leading international companies and key players across the state’s economy to create lasting commercial success, strengthening New Jersey’s position as a global hub for innovation.”

SOSA is a leading global technology and innovation consulting firm with more than a decade of experience running over 40 international accelerator and landing programs in partnership with governments and corporations worldwide. The firm’s programs have successfully accelerated startups from 12 countries, demonstrating a proven ability to source, recruit, and scale international companies.

“New Jersey continues to strengthen its reputation as a premier destination for international companies seeking to enter the U.S. market,” said Wes Mathews, President & CEO of Choose New Jersey. “NJ BASE will provide foreign businesses with the tools, connections, and resources they need to thrive here, while further deepening New Jersey’s global partnerships and driving long-term economic growth across our state.”

“International companies have their eye on New Jersey because of our commitment to spurring innovation, world-class educational institutions, talent pool, and proximity to major cities,” said NJEDA Director of International Innovation Andrew H Gross. “With support from SOSA, NJ BASE will keep our state competitive and bolster our economic relationships with governments around the world.”

The landing pad will be located at 3 Second Street in Jersey City and house approximately 15-20 companies as a first cohort. The Class A space, which is in close proximity to public transit, is more than 7,200 square feet and included amenities such as conference facilities and event space. NJ BASE is expected to open in the coming months.

About the NJEDA

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

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TRENTON, N.J. (October 7, 2025) – The New Jersey Economic Development Authority (NJEDA) is seeking public input on a revised summary of proposed amendments to the Film and Digital Media Tax Credit Program rules. The program provides a transferable credit against the corporation business tax and the gross income tax for qualified expenses incurred for the production of certain film and digital media content in New Jersey. The goal of the act is to incentivize production companies to film and create digital media content in New Jersey. The summary of proposed amendments includes changes made by P.L. 2025, c. 81, signed into law on June 30, 2025.

WHAT: A revised summary of the proposed amendments can be found here. The final amendments will be presented to the NJEDA Board for its review and consideration for approval. If approved, the amendments will be published in the New Jersey Register for formal public comment as required by the Administrative Procedure Act before adoption.

WHEN: Feedback must be submitted through the NJEDA’s website by Thursday, October 9, 2025. 

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

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Collaboration will support the soft-landing of startups in New Jersey and Abu Dhabi

TRENTON, N.J. (October 3, 2025) – As part of Governor Phil Murphy’s economic mission to the United Arab Emirates (UAE) earlier this year, the New Jersey Economic Development Authority (NJEDA) entered into a memorandum of understanding (MOU) with Hub71, Abu Dhabi’s global tech ecosystem, to promote each other’s programs that support innovative startups.

Under the MOU, the NJEDA and Hub71 will support eligible startups with local setup, regulatory engagement, and capital access, strengthening New Jersey and Abu Dhabi’s entrepreneurial ecosystems and bolstering the creation of inventive startup companies and high-quality jobs. With deep experience in supporting the growth of international startups through its ecosystem, Hub71 will be a valuable partner in advancing New Jersey’s future innovation efforts.

“Throughout my administration, New Jersey has been focused on maintaining strong international economic relationships and developing new opportunities for the Garden State’s entrepreneurs,”said Governor Murphy. “This MOU will harness the power of international collaboration to strengthen the innovation economy of both Abu Dhabi and New Jersey, which will create good-paying jobs and bolster the Garden State’s economic competitiveness.”

The MOU was signed in parallel to the Abu Dhabi Investment Forum (ADIF), which took place this week in New York. This marks another milestone in Hub71’s cross-border expansion strategy, complementing existing partnerships across Asia and Europe and advancing its mission to scale ventures globally from Abu Dhabi. Earlier this year, the NJEDA announced the creation of the New Jersey Business Acceleration and Softlanding Ecosystem (NJ BASE), which will serve as the state’s first ever facility to attract foreign companies in key industries, by offering a supportive co-working space to expand and grow their business in the United States.

“Abu Dhabi is shaping a new era of innovation; one that is globally connected and rooted in collaboration,” said H.E. Ahmed Jasim Al Zaabi, Chairman, Hub71. “By connecting ecosystems across borders, we are empowering ambitious founders to scale impactful ventures, reaffirming the importance of international collaboration in driving economic diversification, job creation, and inclusive, sustainable development.”

Governor Murphy toured Hub71 on April 30th during his visit to the UAE. Hub71 provides startups with access to international markets, a robust capital ecosystem, progressive regulation, and a vibrant community of skilled talent, enabling founders to build, scale, and sustain technologies that deliver real-world impact. Since their inception in 2021, Hub71 has onboarded 290+ startups into their programs, which have recorded $2.4 billion in funding, reflecting Abu Dhabi’s standing as one of the fastest-growing emerging startup ecosystem in the Middle East and North Africa.

“Under Governor Murphy’s leadership, New Jersey is cultivating important international partnerships around the globe, leading to greater investments into new industries and a more diverse economy,” said NJEDA Chief Executive Officer Tim Sullivan. “The NJEDA has built a robust toolkit to support innovative startups in the state, and we’re excited to work with Hub71 to promote the exciting initiatives that Abu Dhabi and the Garden State have to offer.”  

“Technology continues to transcend borders, and innovation ecosystems must strengthen their ties to support the global ambitions of founders,” said Ahmad Ali Alwan, CEO of Hub71. “Our collaboration with Choose New Jersey is focused on unlocking soft-landing opportunities for startups looking to expand internationally, while deepening the exchange of knowledge, talent, and innovation. By opening our ecosystems to one another, we are creating pathways for ideas and ventures to achieve global scale.”

The NJEDA offers a range of products and initiatives to foster business growth, support research and development, and help entrepreneurs succeed. The Authority’s Strategic Innovation Center initiative is assisting in the creation of facilities around the state that support research and development, innovation, and entrepreneurship through mentorship, networking opportunities, hands-on training, business support services, and education opportunities. Other initiatives, such as the Net-Operating Loss Program and the Angel Investor Tax Credit Program, unlock access to capital for innovative startup companies. For more information on the NJEDA’s programs, click here.  

 Hub71’s flagship Access program offers startups a comprehensive support package that includes up to AED 500,000 in in-kind and cash incentives, and the opportunity for top-performing startups to receive up to AED 1 million in follow-on support after completing one year at Hub71. Beyond capital, startups gain access to the Hub71 network and Abu Dhabi market, talent pool, and investor networks, positioning them to take advantage of commercial opportunities and scale quickly from the UAE capital. For more information on the Hub71’s programs, click here.  

About the NJEDA

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

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