Informational webinar will be held in advance of submission deadline

TRENTON, N.J. (August 27, 2025) – The New Jersey Economic Development Authority (NJEDA) will close applications for the Child Care Facilities Improvement Grant Phase 2 on Tuesday, September 30, 2025. The $5 million program, which began accepting applications in September 2024, provides grants of up to $20,000 to registered Family Child Care homes (FCCs) to purchase furniture, fixtures, and equipment, supporting the improvement of health, safety, accessibility, and quality in the child care environment. An informational webinar will be held ahead of the submission deadline.

WHAT:          Phase Two of the Child Care Facilities Improvement Program supports the enhancement of New Jersey’s registered FCCs, an essential component of the state’s child care mixed delivery system. To expand access to the positive effects of early child care, the NJEDA aims to provide FCCs with support that promotes long-term stability and ensures that the child care environment that they provide is safe, healthy, accessible, and conducive to high-quality early learning. Since launching Phase Two nearly a year ago, NJEDA has received hundreds of applications and has already approved dozens of FCCs for over $1 million in funding.

Phase Two of the Child Care Facilities Improvement Program builds on the success of Phase One, which has awarded over $120 million in funding to 600 child care centers to date.

WHO:             Eligibility for Phase Two of the program is limited to registered FCCs that have enrolled at least one child receiving support from the New Jersey Department of Human Services (DHS) Child Care Assistance Program. Up to 40 percent of grant funding will be reserved for eligible applicants in Opportunity Zones. Other non-FCC child care centers are not eligible for Phase Two funding. For more information on eligibility, click here.

WHEN:          Applications must be submitted by Tuesday, September 30, 2025, at 5:00 p.m. To apply, click here.

An informational webinar outlining program requirements and other important reminders about the application process will be held on Monday, September 8th, 2025, at 6:00 p.m. To register, click here.

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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Real Estate Gap Financing Program supports developments that address negative COVID-19 pandemic impacts

TRENTON, N.J. (August 26, 2025) – Last week, the New Jersey Economic Development Authority (NJEDA) Board approved $10 million in grant funding under the Real Estate Gap Financing Program to support the development of five real estate projects. The Program provides gap financing for impactful real estate development projects located in select municipalities that address the negative economic impacts of the COVID-19 pandemic. 

“Under Governor Murphy’s leadership, New Jersey has prioritized fostering a sustainable economic recovery by ensuring that federal COVID-19 recovery resources have a lasting impact by helping communities revitalize underutilized spaces, expand affordable housing, and support small businesses,” said NJEDA Chief Executive Officer Tim Sullivan. “The projects approved under the Real Estate Gap Financing Program will strengthen local economies, expand opportunities for residents, and help create vibrant downtowns and main streets across the state.”

Approved by the NJEDA Board in July 2024, the Real Estate Gap Financing Program provides grants covering up to 50 percent of total eligible project costs, with a minimum grant funding award of $500,000 and a maximum award of $5 million per project. Eligible real estate projects include commercial/office, supermarkets/grocery stores, manufacturing, non-profit/community use projects, cultural arts, performing arts, and mixed-use projects located in 25 distressed municipalities.

The following projects were approved to receive funding through the Real Estate Gap Financing Program:

  • 500 High Street LLC – Perth Amboy – $2,791,515
    • The project, located at 500 High Street, involves the substantial rehabilitation and new construction of a long-vacant, deteriorated concrete shell structure into a 6-story mixed-use development. The project will include 23 residential units, five of which will be designated as affordable housing, along with a 1,100 square foot commercial space on the ground floor.
  • Parkway Eye Care Center, LLC – East Orange – $2,748,485
    • The proposed project, located at 21 North Park Street, involves new construction of a mixed-use development featuring 15 residential units, including three affordable units, along with a commercial component that will serve as a new home for Parkway Eye Care Center. The project is led by a certified small, minority, and woman-owned business and is intended to stabilize the practice’s long-term presence in the community.
  • 500 Blvd Urban Renewal LLC – Lakewood – $2,000,000
    • The project, located at 500 Avenue of the Americas, will include the construction of a two-story commercial building totaling 15,698 square feet, featuring a restaurant on the first floor and conference space on the second floor.
  • Greater Bergen Community Action, Inc. (GBCA) – Garfield – $1,300,000
    • The project, located at 106 Somerset Street, involves the substantial rehabilitation of a 24,000-square-foot, three-story office and retail building, transforming the property into a mixed-use facility anchored by a small business assistance center supporting women-, minority-, and veteran-owned enterprises—especially in the renewable energy and construction sectors. The site will also include a branch of GBCA’s 1st Bergen Federal Credit Union, a commuter-focused concession, and access to GBCA’s full range of community services.
  • The Institute of Music for Children – Elizabeth – $1,160,000
    • The project, located at 780 Salem Avenue, involves substantial interior improvements to transform an underutilized space into a vibrant, high-quality facility for arts education, job creation, and community revitalization. The renovations aim to expand programming for youth, increase employment for teaching artists, and strengthen social and emotional health in response to COVID-19’s long-term impact on children and artists.

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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Adam Sandler sequel filmed in 31 NJ municipalities

TRENTON, N.J. (August 19, 2025) – The New Jersey Motion Picture and Television Commission (NJMPTVC), which is part of the New Jersey Economic Development Authority (NJEDA), announced today that sports comedy film ‘Happy Gilmore 2’, had a total qualified spend of $152.5 million during its total of 64 days of filming in the state. The Adam Sandler sequel, which premiered last month on Netflix, nearly 30 years after the original film, utilized the NJEDA’s Film and Digital Media Tax Credit Program.

‘Happy Gilmore 2’ is one of Netflix’s latest projects that filmed in New Jersey. Other Netflix productions that have filmed in the state include ‘Nonnas’ and ‘The Irishman’ and upcoming movies ‘The Whisper Man’, ’72 Hours’, and ‘Office Romance’. Netflix has committed to expanding its presence in New Jersey and recently broke ground on its state-of-the-art, 500,000 square foot production facility at Fort Monmouth. The entertainment company’s $1 billion investment is expected to create a substantial number of permanent production jobs and construction-related positions, creating economic opportunities for local residents and boosting community revitalization.

“Under Governor Murphy’s leadership, New Jersey has become a Happy Place for filmmakers, with our above par tax credits, all-star local talent, and diverse locations,” said NJEDA Chief Executive Officer Tim Sullivan. “As productions continue selecting New Jersey, the film industry will boost our economy by helping generate good-paying jobs and support small businesses throughout the state.”

Since the state’s film tax credit program was reinstated in 2018 by Governor Murphy, ‘Happy Gilmore 2’ had the highest qualified spend of any production filmed in New Jersey. The film’s average spend per day was $2.3 million. Moreover, the production spent $1.2 million on lodging and $6.4 million on hiring extras.

“Happy Gilmore 2 showcases New Jersey’s exceptional versatility in doubling as a variety of locations,” said Jon M. Crowley, Executive Director of the New Jersey Motion Picture and Television Commission (NJMPTVC). “From golf courses and universities, to airports, beaches, and quintessential suburban neighborhoods, New Jersey has everything a production company desires. We look forward to welcoming more and more productions to the Garden State.”

‘Happy Gilmore 2’ filmed in 31 municipalities and 9 counties across the state. The exterior of the Gilmore home was filmed at a private home in Irvington and the interior was filmed at a private home in Belleville. New Jersey golf courses featured in the film included Beacon Hill Country Club in Atlantic Highlands, Fiddler’s Elbow in Bedminster, Forest Hill Field Club in Bloomfield, Closter Golf Center, Alpine County Club in Demarest, Farmview Golf Center in Hackettstown, Rockleigh Golf Course, Essex Golf Center in Roseland, and Montclair Golf Club in West Orange. New Jersey boasts over 330 golf courses in the state. According to the Virginia Turf Grass Council, New Jersey golf course revenues generated $1.4 billion of total economic activity in 2019, and was responsible for more than 11,000 jobs.

First Lady Tammy Murphy and representatives from the Governor’s Office and NJMPTVC joined Adam Sandler on set while filming at Fiddler’s Elbow.

L to R: Kathleen Coviello, NJEDA Chief Economic Transformation Officer; Janice Kovach, Mayor of Clinton and NJMPTVC Commissioner; Crowley; Sandler; First Lady Murphy; Eric Brophy, Office of the Governor, former Deputy Chief of Staff for Economic Growth; Stephanie Lagos, Office of the Governor, Deputy Chief of Staff to the Governor and Chief of Staff to the First Lady; and David Smith, NJMPTVC Vice-Chairman

Other notable filming locations include Newark Liberty International Airport, Farleigh Dickinson, Pleasantdale Chateau in West Orange, and the former Essex County Isolation Hospital in Belleville. All four sites are popular filming locations and have been featured in other major films and television shows.

Adam Sandler’s production company Happy Madison Productions chose New Jersey again to film a new project. In recent weeks, the teen musical ‘Don’t Say Good Luck’ has filmed in Cranford, Livingston, and Ridgewood.

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.

To learn more about NJMPTVC resources, visit www.film.nj.gov and follow on Facebook, X, Instagram, and LinkedIn.

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. (August 15, 2025) – The New Jersey Economic Development Authority (NJEDA) is seeking public input on draft rules for the Next NJ Manufacturing Program, which will encourage growth in New Jersey’s manufacturing sector by offering long-term benefits to manufacturing companies. Yesterday, Governor Phil Murphy signed A5687/S4407 into law, establishing the $500 million tax credit program.

WHAT:          The rules will be presented to the NJEDA Board for its review and consideration for approval. If approved, the rules will be published in the New Jersey Register for formal public comment as required by the Administrative Procedure Act before adoption.

The document explaining the draft rules can be found here.

WHEN:          A listening session, which will provide an overview of the draft rules, will be held on Monday, August 18, 2025, at 1:00 p.m. To register for the webinar, click here.

Feedback must be submitted through the NJEDA’s website by Friday, August 22, 2025, at 5:00 p.m.

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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$500 Million Next NJ Manufacturing Program Will Provide Tax Credits to Catalyze Investment and Job Creation in Crucial Sector

KEARNY – Governor Phil Murphy today signed A5687/S4407, creating a new $500 million tax credit program that incentivizes manufacturing investment and job creation. The Next New Jersey Manufacturing Program, which will be administered by the New Jersey Economic Development Authority (NJEDA), will encourage growth in New Jersey’s manufacturing sector by offering long-term benefits to manufacturing companies.

“From the industries that powered our early growth to the advanced facilities driving innovation today, manufacturing continues to play a vital role in shaping New Jersey’s economy and its future,” said Governor Murphy. “Since taking office, my administration has advanced policies that create good-paying jobs, attract cutting-edge manufacturers, and expand opportunity in communities across the state. The Next New Jersey Manufacturing Program builds on that progress, providing the support needed to accelerate growth, enhance our competitive position, and deliver lasting economic benefits for New Jersey manufacturers.”

Under the program, eligible businesses in manufacturing industries including advanced manufacturing, non-retail food and beverage, defense, clean energy, and life sciences can receive a tax credit award equal to the lesser of 0.1 percent of the eligible business’s total capital investment multiplied by the number of new full-time jobs or 25 percent of the eligible business’s total qualified investment, subject to a total cap of $150 million per project. $100 million in tax credits in the first two years will be reserved for clean energy product manufacturers in industries such as solar, geothermal, and green hydrogen, supporting innovative companies to further the State’s clean energy goals and support clean manufacturing. After the first two years of the program, any unused proceeds will roll over into the general manufacturing allocation.

“Under Governor Phil Murphy’s leadership, the NJEDA has remained focused on strengthening the industries of the future through programs that encourage job growth, promote expansion, and strengthen communities across the state,” said NJEDA Chief Executive Officer Tim Sullivan. “The Next New Jersey Manufacturing Program will encourage manufacturers to establish and grow successful operations in New Jersey, producing impactful economic benefits for the state and its residents for generations to come.”

In line with Governor Murphy’s vision to create the most diverse and inclusive innovation ecosystem in the nation, the program will offer stackable bonuses to companies holding New Jersey Business Certifications, like Minority and Women Business Enterprises, businesses located in Opportunity Zones, or companies that have collective bargaining agreements or labor harmony agreements in place. For a complete list of available bonuses and more information on eligibility requirements and potential awards, click here.

The Next New Jersey Manufacturing Program adds to the NJEDA’s existing initiatives that bolster the state’s manufacturing industry, aiding in expansion and supporting workforce development. As of July 2025, the NJEDA has approved 431 applications across three phases of its historic New Jersey Manufacturing Voucher Program (NJMVP), providing a total of over $66.2 million in support for these companies. In return, program awardees have committed to investing over $252.7 million in upgrading their manufacturing equipment and processes, an amount nearly four times the financial support provided by the NJEDA. Additionally, the NJEDA sponsored the New Jersey Manufacturing Extension Program’s (NJMEP) Future Makers & Creators Tour, providing an opportunity for the state’s students to connect with industry leaders and learn about career opportunities.

The primary sponsors of A5687/S4407 are Senators Michael Testa and Linda Greenstein, and Assemblymembers Louis Greenwald, Antwan McClellan, and Verlina Reynolds-Jackson.

“Manufacturing has long been the backbone of New Jersey’s economy, and this historic investment reaffirms our commitment to revitalize this vital sector,” said Senator Testa. “The ‘Next New Jersey Manufacturing Program’ is designed to drive innovation, attract new investment, and create high-quality careers for our residents. Through targeted incentives, we’re giving manufacturers and entrepreneurs the tools they need to grow, compete globally, and succeed right here in the Garden State. It is a modern revival of the message proudly displayed on the Lower Trenton Bridge— ‘Trenton Makes, The World Takes.’”

“This is a landmark piece of legislation that will drive major investments in New Jersey’s manufacturing sector,” said Senator Greenstein. “With the generous tax incentives included, the ‘Next New Jersey’ program will create high-quality jobs and solidify our state’s status as a leader in clean energy manufacturing. I am proud to sponsor this bill and will continue to push New Jersey toward a more economically prosperous and sustainable future.”

“The Next New Jersey Manufacturing Program makes clear that our state is open for business and we are ready to compete for the industries and innovation that will define the future,” said Assembly Majority Leader Greenwald. “This is about building a stronger, smarter New Jersey that prioritizes good paying jobs and long-term economic growth.”

“Manufacturing is more than machines; it’s people, neighborhoods, and opportunities,” said Assemblywoman Reynolds-Jackson. “This bill is a bold investment in our workforce and our future. With the right tools, New Jersey can lead the way in bringing back high quality manufacturing jobs.”

“The Next New Jersey Manufacturing Program is a powerful example of how our state is leading the way on creating good jobs and investing in local businesses,” said Congressman Rob Menendez. “Manufacturing is a vital part of our economy and I’m grateful to Governor Murphy and our partners in state government for prioritizing this initiative. It’s crucial that we continue to collaborate across all levels of government to ensure that we are meeting the moment and moving our great state forward.”

“We are honored to host Governor Murphy at MAC Products, Inc. for the signing of A-5687. This legislation aligns with our decades-long commitment to strengthening New Jersey’s manufacturing backbone,” said Eddie Russnow, President, MAC Products, Inc. “As a family-owned business that lives by the motto ‘We Don’t Do Easy,’ we understand the importance of resilient, in-state manufacturing capacity. The Next New Jersey Manufacturing Program will propel local investment, fuel job creation, and reinforce the innovation and integrity at the heart of our operations—and the operations of manufacturers across the state.”

“This bill represents a vital investment in New Jersey’s future, supporting the full spectrum of manufacturing, including the clean energy sectors, while empowering the workforce that drives them,” said Peter Connolly, CEO, New Jersey Manufacturing Extension Program, Inc. “NJMEP is prepared to stand alongside NJEDA and every business this program attracts to offer targeted training, consulting, and workforce development. With this robust support in place, this $500 million incentive can translate into real high-quality jobs and tangible economic opportunity for the people of New Jersey.”

“This investment reflects New Jersey’s commitment to supporting growth in manufacturing,” said Tom Bracken, President & CEO, New Jersey Chamber of Commerce. “The Next New Jersey Manufacturing Program aims to encourage innovation, attract new industries, and expand career opportunities in the state. By combining targeted tax incentives with the strengths of our workforce, we’re creating a stronger environment for businesses to build and grow in the Garden State.”

“This law represents a significant and targeted investment for New Jersey’s manufacturing sector and our economy, with no new additional funding required,” said Michele Siekerka, President and CEO, New Jersey Business & Industry Association. “It will support much-needed workforce development in manufacturing amid both federal tariff and supply chain uncertainty that challenges these important businesses. And it will incentivize a wide range of manufacturing activities, including advanced manufacturing, food and beverage production, life sciences, defense, and clean energy component manufacturing. NJBIA thanks Governor Murphy for signing this important bill into law, as well as overwhelming bipartisan support within the Legislature. Let’s get to work.”

“New Jersey’s manufacturers are the backbone of our economy, and this program provides the kind of bold, targeted investment needed to keep them competitive in a rapidly changing economic landscape. By prioritizing innovation, job creation, and in-state capital investment, the Next New Jersey Manufacturing Program sends a clear message: our state is serious about building things here at home and supporting manufacturers up and down the state. We commend Governor Murphy for his leadership on this critical issue,” said Christina M. Renna, President & CEO, Chamber of Commerce Southern New Jersey.

“As the ‘Medicine Chest of the World,’ New Jersey relies on a strong manufacturing ecosystem to produce highly advanced, technologically sophisticated, and life-saving biopharma and medical device products,” said Chrissy Buteas, CEO, HealthCare Institute of New Jersey. “These products—from cell and gene manufacturing to complex metallurgic bone mesh implants to radioligand therapeutic products—are made in New Jersey because of our skilled, well-trained workforce and incentives like the Next New Jersey Manufacturing Program Act.” Buteas added, “New Jersey’s life sciences commend the bill’s sponsors and the Governor for their leadership and vision to grow New Jersey manufacturing and create jobs.”

A Complete Unknown, a Made in NJ film, was also nominated

TRENTON, N.J. (August 11, 2025) – Today, the New Jersey Motion Picture and Television Commission (NJMPTVC), part of the New Jersey Economic Development Authority (NJEDA), announced its nomination for Outstanding Film Commission for its work with A Complete Unknown by the Locations Managers Guild International (LMGI). The LMGI Award Ceremony will take place on Saturday, August 23rd, in Santa Monica, California.

“Under Governor Murphy’s leadership, the film industry has become a powerful driver of economic growth in New Jersey, creating good-paying jobs and supporting small businesses across the state,” said Tim Sullivan, Chief Executive Officer of the NJEDA. “Over the past several years, the New Jersey Motion Picture and Television Commission (NJMPTC) has made a name for itself by offering top-tier service to location scouts looking to film in the state. The commission’s hospitality and experience, paired with the State’s incentive program, local talent pool, and diverse locations has made New Jersey a premier destination for major, Oscar-caliber film productions—while also continuing to be a top choice for people to live, work, and raise a family.”

A Complete Unknown, which was filmed almost entirely in New Jersey, is also nominated for Outstanding Locations in a Period Feature Film. The film was also nominated for eight Oscars, including Best Picture, Best Actor, and Best Director. Last year, Oppenheimer, which was filmed partially in Princeton, took home the LMGI Award for Best Motion Picture.

A Complete Unknown was filmed in 17 municipalities across New Jersey, with notable scenes filmed in Hoboken, Jersey City, Paterson, and Cape May. In the film, New Jersey doubles as New York City, Pittsburgh, Rhode Island, Washington D.C., and Northern California. Buildings such as the Ritz Theatre in Elizabeth doubled as Carnegie Hall and the Newark Symphony Hall doubled as a San Francisco concert venue. Other notable filming locations include Paterson City Hall, White Mana Diner and William J. Brennan Courthouse in Jersey City, Columbus Park in Hoboken, Rutt’s Hut in Clifton, and the former Essex County Isolation Hospital in Belleville. All of the stage work for the film was done at Palisade Stages in Kearny.

“From big city lookalike locations that play like Manhattan or Washington, DC to quaint coastal towns, films such as A Complete Unknown showcase New Jersey’s remarkable versatility in doubling for a wide range of locations,” said Jon Crowley, Executive Director of the New Jersey Motion Picture and Television Commission. “This prestigious nomination solidifies that New Jersey values not only the important role of location scouts, but our variety of different looks has caught the attention of filmmakers and positions us to continue attracting top-tier productions for years to come.”

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. (August 8, 2025) – The New Jersey Economic Development Authority (NJEDA) is now accepting project applications for the Garden State Commercial Property Assessed Clean Energy (C-PACE) Program. The program enables commercial property owners to access a new form of financing to undertake energy efficiency, water conservation, renewable energy, and resiliency upgrades.

WHAT:            The Garden State C-PACE Program allows commercial property owners to repay investments in eligible projects through a special assessment to a Participating Municipality, similar to the owner’s real property tax, sewer, or water bill. This unique form of financing results in lower-cost, longer-term financing, making it easier for projects to be cashflow-positive from the outset.

The Program will help drive private investment, from Qualified Capital Providers, throughout the State to help decarbonize existing and forthcoming buildings. Using the Program, property owners will be able to finance up to 100 percent of eligible improvements for Retrofit Projects and up to 35 percent of the stabilized value of New Construction Projects. Projects that were previously completed within the three-year look-back period are also eligible to apply.

As the Program Administrator, the NJEDA will review applications for eligibility and issue determination letters, as appropriate. Each application must include the Qualified Capital Provider, Qualified Technical Reviewer, and the name of the Participating Municipality.

The following entities have been approved and are now active participants in the program:

  • Approved Municipalities: 
    Hackensack, Lakewood, New Brunswick, Oldmans Township, Plainfield, and Woodbridge 
  • Approved Capital Providers: 
    PACE Loan Group and Petros PACE Finance 
  • Approved Technical Reviewers: 
    Asset Environments 

WHO:              Commercial, industrial, agricultural, certain multi-family residential, and tax-exempt and nonprofit property owners in approved municipalities are eligible to apply. For a complete list of guidelines and eligibility requirements, please click here.

WHEN:           Applications are now open and will be accepted on a rolling basis. To apply, click here. The NJEDA will continue accepting applications for municipalities, capital providers, and technical reviewers on a rolling-basis.

A previously recorded webinar containing additional information can be found here. The webinar slides can be found here.

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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Film Ready New Jersey Program prepares municipalities and counties across the state for film and television production

NEWARK, N.J. (August 1, 2025) – Today, the New Jersey Motion Picture and Television Commission (NJMPTVC), part of the New Jersey Economic Development Authority (NJEDA), announced that 19 municipalities and two counties have been designated as Film Ready Communities following completion of the Film Ready New Jersey Program. The 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.

“From the Jersey Shore to the Pine Barrens, and from vibrant cities to quiet suburban neighborhoods, New Jersey offers a remarkable variety of landscapes that meet the diverse needs of film and television productions,” said NJEDA Chief Executive Officer Tim Sullivan. “Under Governor Murphy’s leadership, New Jersey has reestablished itself as a premier destination for the industry — creating jobs, supporting small businesses, and driving meaningful economic growth in communities across the state. Through the Film Ready New Jersey Program, municipalities are better positioned to welcome and support productions of every scale, from big-budget blockbusters to independent films.”

The new Film Ready Communities announced today include Atlantic City, Bridgewater, Carteret, Clinton Town, East Brunswick, Florence Township, Gloucester Township, Guttenberg, Keyport, Leonia, Little Silver, Livingston, Maplewood, Moorestown, Mount Holly, New Providence, Ocean, Sparta, and Union Township, as well as Hunterdon and Salem Counties. Along with the state’s first cohort announced in March 2024, New Jersey now has 43 Film Ready Communities.

“The NJMPTVC has built consistency into the Film Ready program so when studios or networks bring projects to New Jersey, Film Ready localities are prepared for any opportunity that may arise,” said NJMPTVC Executive Director Jon Crowley. “As the Garden State continues to break records in film and television production, initiatives like Film Ready exemplify the state’s commitment to ensuring towns and counties across the state share in the industry’s immense economic benefits.”

The Academy Award-nominated film A Complete Unknown showcased the vast diversity of New Jersey communities. The movie filmed in 17 municipalities across the state, with notable scenes filmed in Hoboken, Jersey City, Paterson, and Cape May. In the film, New Jersey doubles as New York City, Pittsburgh, Rhode Island, Washington D.C., and Northern California. Buildings such as the Ritz Theatre in Elizabeth doubled as Carnegie Hall and the Newark Symphony Hall doubled as a San Francisco concert venue.

Film Ready New Jersey is a 5-step certification and marketing program that educates municipalities on the basics of motion picture and television production and sets basic standards for attracting filmmaking. The NJMPTVC’s Film Ready Workshops provide training and guidance from industry professionals, local mayors, and NJMPTVC Commissioners and staff, covering topics such as the economic impact of hosting on-location filming, ordinances and permitting, opportunities for small businesses, and expanding film infrastructure.

The NJMPTVC will be hosting their next workshop at the 2025 League of Municipalities in Atlantic City on Tuesday, November 18, from 10 a.m. to 1 p.m. For more information on the event, click here. 

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. (July 31, 2025) – The New Jersey Economic Development Authority (NJEDA) recently closed on two new investments through the New Jersey Innovation Evergreen Fund (NJIEF). Nascent Materials, Inc. received an initial Qualified Investment of $750,000 through an application for co-investment submitted by the Princeton-based venture capital firm, SOSV. Additionally, Enquyst Technologies, Inc. received an initial Qualified Investment of $3 million through an application for co-investment submitted by the New York City-based venture capital firm Eckuity Capital.

“The New Jersey Innovation Evergreen Fund is a groundbreaking tool aimed at strengthening New Jersey’s economy and backing high-potential startups by creating a self-sustaining cycle of investment for entrepreneurs seeking capital,” said Tim Sullivan, Chief Executive Officer of the NJEDA. “Under Governor Murphy’s leadership, the Garden State is cementing its position as a global hub for innovation by supporting the next generation of transformative businesses.”

The NJIEF, launched in 2022, is a unique tool to increase access to strategic resources and venture capital in New Jersey. Under the NJIEF, the State acts as an equity investor in early-stage companies, deploying up to $600 million into companies alongside professional venture capital firms. The Evergreen Fund currently has approximately $19 million of unallocated capital available to fund additional investments into high-growth businesses in New Jersey.

“The NJEDA’s funding for Nascent Materials and Enquyst will accelerate each companies’ growth by providing essential resources for success. With four investments already made, the New Jersey Innovation Evergreen Fund shows no signs of slowing, demonstrating the state’s strong commitment to supporting young, innovative ventures,” said Kathleen Coviello, Chief Economic Transformation Officer of the NJEDA. “NJIEF’s continuous venture capital investments in high-growth startups play a key role in driving job creation and economic growth across the State.”

Nascent Materials develops cost-effective cathode active materials, a key input in lithium-ion batteries. Cathodes are the single most expensive component of lithium-ion batteries, representing roughly 40 percent of total battery cell cost, with current cathode production capacity largely stemming from manufactures based in China. Nascent Materials is currently working out of SOSV-sponsored HAX, a startup development program and Strategic Innovation Center for pre-seed hard tech companies located in Newark. NJEDA’s investment of $750,000 into Nascent Materials’ Seed fundraising round attracted additional international and out-of-state capital of $1,550,000 resulting in /private/ public multiplier of 2:1.

“While the U.S. has both the lithium resources and strong end-market demand for batteries, we continue to lag in one of the most strategic segments of the value chain: cathode manufacturing. This bottleneck has left domestic cell manufacturers overly reliant on foreign suppliers for their most expensive and technically complex input,” said Chaitanya Sharma, Founder and CEO of Nascent Materials. “This investment from NJEDA enables us to expand our operations in New Jersey and build the foundation for a resilient, homegrown supply chain. With its exceptional engineering talent, global port access, and critical position in national logistics networks, New Jersey is uniquely positioned to become a key hub in the emerging U.S. battery belt. We’re proud to be part of that vision and excited to grow alongside a state that’s actively investing in clean energy innovation and advanced manufacturing.”

Based in Princeton, SOSV is a global multi-stage venture capital firm that operates early-stage deep-tech programs and has over $1 billion in assets under management. Currently, SOSV manages three development programs, including HAX, and has invested in 50 Newark-based businesses through the HAX Strategic Innovation Center (SIC) program. In June, the NJEDA also announced that it will partner with venture capital firm SOSV on a second project along with Princeton Plasma Physics Laboratory (PPPL) to create a new SIC in the Princeton area.

“New Jersey has become a critical hub for industrial deep tech, and Nascent Materials is exactly the kind of company we envisioned supporting when we chose Newark as the home for HAX HQ. Their breakthrough cathode manufacturing process tackles one of the most urgent challenges in U.S. electrification—sourcing battery materials that are affordable, reliable, and not dependent on foreign supply chains, enabling us to reshore critical manufacturing,” said Duncan Turner, General Partner of SOSV and Global Managing Director of HAX. “With support from NJEDA and the infrastructure we’ve built at HAX HQ in Newark, Nascent has a clear path to scale in New Jersey, while reshaping a core part of America’s energy future.”

Founded in 2017 and headquartered in Short Hills, Enquyst Technologies is a manufacturing technology company that developed an advanced modular equipment and process platform designed to enhance biomanufacturing, specifically in the purification of complex drugs. The company’s platform focuses on the production of monoclonal antibodies (mAbs), bispecific antibodies, protein therapeutics, biosimilars, and gene therapies, all of which are high-demand market segments in biologics, with mAbs being the largest.

Currently, the production capacity for these drugs meets only 50 percent of the market’s demand, with Enquyst looking to close that gap. Enquyst was founded in Boston, Massachusetts where the technology has been developed, but is pivoting its core operations to New Jersey as a result of the proposed Program investment and to leverage the State’s strong biotech ecosystem. NJEDA’s investment into Enquyst is expected to catalyze additional private funding on a 3:1 basis.

“For decades, we have seen minimal innovation in bioprocessing, due to the highly regulated and conservative nature of the biotech and biopharma industries. Strategies fall short in meeting the cost and purification demands of today’s increasingly diverse biological medicines,” said Dr. Jason Criscione, Founder and CSO of Enquyst Technologies. “Our platform technology is disrupting biological drug manufacturing by enabling truly continuous processing, delivering best-in-class purity with no yield loss, offering flexibility across diverse biological drug classes, and lowering downstream processing costs by more than 70 percent. With investment from NJEDA and Eckuity Capital, Enquyst is expanding its NJ footprint to facilitate early adoption through strategic partnerships within the region’s biomanufacturing ecosystem.”

Eckuity Capital was established in 2021 and is based in New York City. The firm invests in companies with innovative solutions that it judges can achieve commercialization faster than traditional timelines, with a focus on life sciences, devices and diagnostics, and digital health. Enquyst Technologies represents Eckuity’s first investment in a New Jersey-based business.

“We believe Enquyst can fundamentally transform the purification process for complex molecules, but more importantly, change the way we think about manufacturing costs, time, and speed to market for the broader biologics industry,” said Vishal Jain, Managing Partner of Eckuity Capital.

Both Nascent Materials and Enquyst Technologies, like all companies approved for investment under the NJIEF, will benefit from the strategic commitments made by NJIEF tax credit purchasers. These purchases, which fund investments made by the Qualified Venture Firms (QVFs), are made in tandem with commitments to provide strategic support to strengthen the State’s innovation ecosystem. These commitments, which include networking, mentoring, and educational opportunities, are a scored component of the tax credit purchasers’ bids.

Applications for venture firms seeking to qualify as a QVF can be found here and are being accepted on a rolling basis. The firms approved to date represent diversity in terms of investment strategy, industry, and stage. Additionally, there continues to be strong momentum from interested managers. The roster of the 19 currently approved managers can be found here.

Applications for approved QVFs to apply for Qualified Investments into high-growth, innovative businesses based in New Jersey are also now open. The total capital available for new investments stands at approximately $19 million.

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 ZIP & NJ ZEV programs will expand number of zero emission vehicles on NJ roadways

TRENTON, N.J. (July 31, 2025) – Vendor applications are now open for the New Jersey Economic Development Authority’s (NJEDA) two programs that are aimed at putting more zero emissions vehicles on roads across the state. Together, Phase III of the New Jersey Zero Emission Incentive Program (NJ ZIP) and the New Jersey Zero Emission Vehicle Financing Program (NJ ZEV), aim to accelerate the adoption and use of commercial zero emission medium- and heavy-duty vehicles within the state, while reducing harmful emissions.

WHAT:              NJ ZIP Phase III will provide vouchers to businesses and institutional organizations to offset the cost of purchasing new, zero emission medium- and heavy-duty vehicles. The size of vouchers awarded through Phase III, which is funded at $75 million, will vary depending on the class of vehicle being purchased, from a minimum of $15,000 for Class 2b vehicles to $175,000 for Class 8 vehicles. Bonuses will be available for school busses, small businesses; women-, minority-, and veteran-owned businesses. Additionally, 50 percent of funds will be set aside for applications from small businesses in Overburdened Communities (OBCs).

NJ ZEV, which is funded at $25 million, is a loan program to support businesses adopting medium- and heavy-duty zero emission vehicles. The program complements NJ ZIP by offering financing for vehicle costs that may not be met by NJ ZIP vouchers or other available grant funding resources. Loans will also be available through the program for business not utilizing the NJ ZIP program. NJ ZEV will offer low-interest rate loans ranging from $50,000 to $500,000 for the purchase of one or more eligible vehicles.

WHO:             Licensed vehicle dealers offering new zero emission medium- or heavy-duty vehicles. Detailed guidelines and eligibility criteria are available here.

WHEN:          Vendor applications will be accepted on a rolling basis. However, vendors interested in being listed on the programs’ website prior to purchaser application launch should submit applications by Tuesday, September 2, 2025 at 5:00 p.m.

For more information about Phase III of NJ ZIP, click here.

For more information about NJ ZEV, click here.

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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