Cultural Arts Facilities Expansion Program – CAFE (Coming Soon)
The Cultural Arts Facilities Expansion (CAFE) Program provides tax credits to incentivize broad scale capital projects for arts and cultural venues in New Jersey. The CAFE program focuses on development and rehabilitation of cultural arts facilities as a key component of the state’s economy.
AMOUNT
The CAFE Program awards tax credits via a competitive application process up to 100% of eligible project costs.
Minimum project size is $5 Million.
Maximum award is $75 Million.
GOALS
The CAFE Program aims to:
– Elevate arts and culture as a key sector within the state’s economy.
– Attract visitors to the state and local communities.
– Increase the number of first-rate art and cultural experiences for residents and visitors.
– Promote equitable engagement with the arts for underrepresented groups and underserved communities.
The tax credits are transferable and can be sold.
ELIGIBILITY
To be eligible for this program, the applicant must be a cultural arts institution which will have ownership or lease space in the cultural arts facility, and will operate the facility. In addition, the project must also be open to the public.
Cultural arts institution may include government entities, not-for-profits whose primary mission is arts and culture, or a for-profit business receiving a federal or state rehabilitation tax credit.
Projects where construction has commenced prior to submitting an application are not eligible, unless the Authority determines that the cultural arts project would not be completed without an award of tax credits under the program.
PROGRAM DETAILS
More information coming soon. Check back for details.
ELIGIBLE APPLICANTS
More information coming soon. Check back for details.
AWARD SIZE
The CAFE Program awards tax credits via a competitive application process up to 100% of eligible project costs.
Minimum project size: $5 Million
Maximum grant award request: $75 Million
FEES
More information coming soon. Check back for details.
EO63 PRESENTATION (NOV 26, 2024)
QUESTIONS
For more information or to ask a specific question, please send an email to cafe@njeda.gov and a team member will reach out to you.