Auction will support food desert relief efforts

TRENTON, N.J. (October 7, 2026) – Due to greater than anticipated demand, the New Jersey Economic Development Authority (NJEDA) will increase the amount of tax credits available to a total of $30 million for the Food Desert Relief Tax Credit Auction. Applications will close on Friday, October 9, 2026. 

WHAT: Up to $30 million in tax credits, an increase from $25 million, will be available for purchase through the Food Desert Relief Tax Credit Auction, allowing bidders to offset their New Jersey tax liability by up to 15%. 

Proceeds will fund programs that strengthen food access and reduce hunger in communities across the state where these challenges are most acute. These future grant, loan, and/or technical assistance opportunities will advance the priorities established by the Food Desert Relief Act and complement the NJEDA’s robust toolkit of existing food security programs, including FEED NJ, which was funded by proceeds from past tax credit auctions and is investing $30 million to catalyze innovative, sustainable, and scalable food access initiatives in underserved areas. 

WHO: New Jersey Corporate Taxpayers or Insurance Companies that want to reduce their New Jersey 2026 tax liability. Companies do not need to be located in a food desert, be in the food industry, or make any ongoing commitments beyond the purchase transaction to buy tax credits through the auction. 

WHEN: Applications for the Food Desert Relief Tax Credit Auction will close on Friday, October 9, 2026, at 5 p.m. Applications and additional information 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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Take Charge Program will support electric vehicle infrastructure coupled with solar and energy storage deployment

Informational webinar will be held for interested parties

TRENTON, N.J. (September 30, 2026) – The New Jersey Economic Development Authority (NJEDA) will open applications for the Take Charge Program on Monday, October 5, 2026. An informational webinar will be held the same day for interested applicants to learn more about the program and process. The Take Charge Program will provide funding for charging infrastructure projects for private commercial fleets, helping bring more electric vehicles onto New Jersey’s roadways.  Projects must also install on-site renewable energy generation and/or energy storage systems to help manage power demand for chargers.

WHAT:              The $25 million Take Charge Program will help cover the costs, including hardware and related installation costs, of establishing electric vehicle charging infrastructure for private commercial fleets. Private fleets interested in adopting electric vehicles require consistently available and reliable charging infrastructure but often face high costs for installation and site upgrades necessary for charger operation.

The NJEDA will provide grant awards ranging from $100,000 to $5 million to reimburse applicants for 50% of project costs, which can be increased by 5-10% based on eligibility for certain bonus criteria. This program is funded by the Regional Greenhouse Gas Initiative (RGGI) proceeds allocated to the NJEDA and will accelerate the adoption of zero-emission transportation solutions in New Jersey. 

WHO:                Eligible applicants include for-profit commercial organizations that are purchasing and installing electric vehicle charging infrastructure in New Jersey. Projects must also install on-site renewable energy generation and/or energy storage systems to help manage power demand for chargers.

Organizations must have 2 or more existing commercial-use vehicles, including light-duty, medium-duty, heavy-duty, off-road, or maritime vehicles. A complete list of eligibly requirements can be found here.

WHEN:           Applications for the Take Charge Program will open on Monday, October 5, 2026, at 10:00 a.m. Click here to apply.

An informational webinar will be held on Monday, October 5, 2026, at 12:00 p.m. Click here to register.

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.

TRENTON, N.J. (September 30, 2026) – The New Jersey Commission on Science, Innovation, and Technology (CSIT) today applauded the multiple CSIT awardees that will be honored by the Research & Development Council of New Jersey. Three CSIT recipients will be honored with Edison Patent Awards, while Kathryn Carpenter, the Founder & CEO of Cecilia Materials, will receive the Emerging Tech Award.

This year’s theme, ‘Revolution Through Innovation,’ pays tribute to New Jersey inventor Thomas Edison and celebrates the inventors and entrepreneurs who continue his legacy. The 47th Annual Edison Patent Awards Ceremony will take place on November 19, 2026, at Bell Works in Holmdel.

“CSIT is proud to position New Jersey as a leader in startup creation and entrepreneurial growth, advancing emerging technologies and strengthening the State’s innovation ecosystem,” said CSIT Executive Director Judith Sheft. “This year’s recipients demonstrates the progress that CSIT has made in expanding access to capital and strategic resources for New Jersey entrepreneurs, leading to meaningful discoveries and life-changing work across the state.”

“Through its funding, CSIT empowers early-stage companies by equipping them with essential resources to turn innovative discoveries into practical solutions,” said Debbie Hart, Chair of CSIT and President and CEO of BioNJ. “The recognition these awards bring underscores the significant role CSIT plays in supporting entrepreneurs, demonstrating how well-designed programs can expand opportunities for business owners and reinforce New Jersey’s innovation-driven economy.”

Kathryn Carpenter, Founder & CEO of Cecilia Materials will be presented with the Emerging Tech Award. This award is presented to a New Jersey individual, team, or organization whose early-stage innovation shows exceptional potential to make a significant impact on the marketplace. Cecilia Materials’ technology transforms industrial plastic waste into high-value advanced carbons. Headquartered in Newark, Cecilia Materials is a recipient of the Clean Tech Seed Research & Development (R&D) Grant, the Pilot Clean Tech Demonstration Grant Program, SBIR/STTR Bridge Grant Program, and is a two-time recipient of the Clean Tech (R&D) Voucher Pilot Program.

“To be honored alongside the legacy of Thomas Edison is a humbling milestone for the team,” said Kathryn Carpenter, Founder & CEO of Cecilia Materials. “Innovation has been an existential reality for our society throughout history, and it’s never an easy road to implementing step-change technologies. We are proud to be a part of an ecosystem that supports pushing these boundaries.”

13 Mari Ltd., Chiral Photonics, Inc., and Innerstill will receive Edison Patent Awards. Winning patents were selected by a team of Council board members who evaluated patents for the significance of the problem it solves, its utility and socio-economic value, its novelty, and its commercial impact. Every winning patent must have at least part of its technical or scientific work completed in New Jersey.

13 Mari Ltd., located in Kearny, is a recipient of the Clean Tech Seed Grant Round 2 Program. Chiral Photonics, based in Montville, received matching funding through the SBIR/STTR Bridge Grant Program and the NJEDA’s Manufacturing Voucher Program. Innerstill, headquartered in Hopewell, received a Catalyst R&D Voucher and a Maternal and Infant Health R&D Seed grant.

“Receiving the Edison Award is a tremendous honor. More than acknowledging a specific innovation, it celebrates the dedication of our entire team at Chiral Photonics,” said Dan Neugroschl, President of Chiral Photonics. “Their unwavering commitment and collaborative spirit are essential for bringing our products to market and helping to establish multicore fiber as the next generation of optical infrastructure now sweeping the globe.”

“Transformational technologies require more than a big idea – they require an ecosystem willing to help bring that idea to life,” said Ellyn Ito, Co-Founder and CEO of Innerstill. “CSIT provided critical support as we advanced our technology here in New Jersey. To see that work now recognized with an Edison Patent Award is incredibly meaningful and proof that world-class neurotechnology can be built by lean, start-up innovators in New Jersey for a global market.” 

“The Edison Award is a great recognition for the work done at 13 Mari, as the working novel passive boundary control we develop goes against the common wisdom and will likely lead to not only practical applications, but theoretical breakthroughs,” said Krassi Fotev, Founder, CEO & Chief Scientist of 13 Mari. “In our company’s history, there were a few critical moments. One of them was securing funds for initial experimental investigation, which we got going thanks to the CSIT grant program.”

According to its 2025 Annual Report, CSIT approved 120 awards totaling $5.1 million in 2025.

Earlier this year, CSIT released findings from an economic impact assessment of its programs. Since 2020, CSIT-supported companies have issued approximately 600 grants, totaling $34 million. Companies that have reported data have created nearly 1,800 jobs and raised $524.5 million in additional capital – more than 20 times the amount awarded through CSIT programs.

CSIT currently offers the following programs:

  • Catalyst CSIT R&D Voucher Program
    • The goal of the Catalyst R&D Voucher Pilot Program is to support New Jersey-based early-stage company efforts to accelerate development and innovation of technologies to transform new discoveries from research stage into commercially viable technologies, leading to industry and investor interest.
      • In 2025, the Catalyst R&D Voucher Program awarded 49 vouchers, totaling $1.9 million.
  • Clean Tech CSIT R&D Voucher Program
    • Round 2 of the Clean Tech R&D Voucher Program is intended to support early-stage clean tech and clean energy companies in New Jersey to access core facilities, equipment, and makerspaces for clean energy and clean technological research and development.
      • In 2025, the Clean Tech R&D Voucher Program awarded 21 vouchers totaling over $782,000.
  • SBIR/STTR Technical Assistance Through the Rutgers Small Business Development Centers and the Institute for Life Sciences Entrepreneurship at Kean University.

About CSIT

In 2018, the Commission of Science, Innovation, and Technology (CSIT) was established. Comprised of representatives from the public and private sectors, as well as academia, CSIT is tasked with leading the way in promoting the State as a home for academic and technological research, development, and commercialization. For more information on CSIT, visit www.njcsit.gov.

The 100% affordable housing development will include programs to support surrounding community

TRENTON, N.J. (September 17, 2026) – The New Jersey Economic Development Authority (NJEDA) approved an Aspire Program award to support an affordable senior housing development project in Trenton. The development, which is also supported by the U.S. Department of Housing and Urban Development (HUD)’s Choice Neighborhood Implementation Plan, will create 107 affordable rental units and various programs to support the surrounding community.

“As the NJEDA works to strengthen the Aspire Program, it’s encouraging to see ongoing progress on projects that expand access to affordable housing, bolster communities, and support vulnerable populations,” said NJEDA Chief Executive Officer Evan Weiss. “This development will provide older residents with stable, affordable housing, while empowering local families and businesses, delivering long-lasting benefits for years to come.”

The project, known as THA Senior, entails the construction of a four-story mixed-use development, and will be located on Martin Luther King, Jr. Boulevard in Trenton, less than a mile away from the Maternal and Infant Health Innovation Center. The building will have 107 affordable, one-bedroom rental units serving seniors aged 62 and older, as well as a two-bedroom superintendent’s unit. The development will also include a fitness room, community room, outdoor patio, walking paths, a parking lot, and playground equipment.

The development will also include roughly 10,000 square feet of commercial space for community-based organizations, with 7,400 square feet to be allocated for a daycare facility. Various programs will also be available to both residents and members of the community, including workforce development, senior services, education and youth support, financial empowerment, and early learning.

“This investment represents another major step in transforming the North Ward and delivering on the promise of our Choice Neighborhoods partnership,” said Trenton Mayor W. Reed Gusciora. “The City of Trenton and the Trenton Housing Authority worked together to secure this federal designation because we recognized that rebuilding a neighborhood requires more than building housing. THA Senior will provide 107 new affordable homes for our seniors while bringing early childhood education, workforce development, senior services and other community resources directly into the neighborhood. We are grateful to the NJEDA, HUD, the Trenton Housing Authority and all of our partners for investing in a stronger, more vibrant future for Trenton.”

“Projects like THA Senior demonstrate what is possible when state and local partners work together to invest in Trenton and the Capital Region,” said Mercer County Executive Dan Benson. “I want to thank Governor Sherrill, the New Jersey Economic Development Authority, and Trenton Housing Authority leadership for their continued commitment to our community and for utilizing the Aspire Program to help advance this important senior housing development. This investment will create new housing opportunities for older adults while helping to strengthen and revitalize Trenton. We look forward to continuing this partnership and building on the progress we are making across the Capital Region.”

“Every senior deserves access to safe, high-quality housing they can afford,” said Senator Shirley K. Turner (D-Mercer/Hunterdon). “This development will provide 107 Trenton seniors with homes of their own while also bringing childcare, workforce development, educational programs, and other valuable services to the surrounding neighborhood. This is the kind of investment that strengthens families, supports seniors, and contributes to the continued revitalization of our capital city.”

“I welcome today’s announcement of the Aspire award that will help create additional housing option for seniors and provide them with amenities that will keep their minds and bodies active,” said Assemblywoman Verlina Reynolds-Jackson (D-Hunterdon, Mercer). “At the same time, THA Senior’s plan for the workforce development, financial empowerment and educational support will benefit the entire community. This is truly a win-win for Trenton residents.”

“As we continue to revitalize Trenton, we must make strategic investments like this one that enhance amenities and foster opportunities for community members,” said Assemblyman Anthony Verrelli. (D-Hunterdon, Mercer). “The Aspire award announced today has the double benefit of increasing available housing for Trenton’s seniors and bolstering economic development through the creation of commercial space for local organizations. I am excited to see what the future of this project has in store for residents of our city.”

THA Senior was approved for an award of up to 85% of the total project cost, not to exceed $54.3 million. THA Senior was also approved for a $900,000 federal grant through the Choice Neighborhoods program. The Choice Neighborhoods program aims to leverage public and private dollars to revitalize struggling neighborhoods by catalyzing critical improvements, including vacant property, housing, businesses, services, and schools. This project is also supported by Low-Income Housing Tax Credits through the New Jersey Housing and Mortgage Finance Agency.

Aspire is a gap financing tool to support commercial, mixed-use, and residential real estate development projects. The NJEDA has temporarily paused applications for the program as it works to establish a new framework and criteria. For more information, please visit 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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State and federal partners will help business owners identify financing, access expert assistance, and take the next step toward starting or growing their business in New Jersey

(TRENTON, N.J.) (September 14, 2026) – The New Jersey Economic Development Authority (NJEDA), along with state and federal partners, will host a resource fair to share information about key state resources for small business owners and entrepreneurs. The resource fair will take place on Tuesday, September 22, 2026, from 9:00 a.m. to 12:00 p.m. at the New Jersey Institute of Technology (NJIT) Campus Center.

WHEN:           Tuesday, September 22, 2026

9:00 a.m. to 12:00 p.m.

WHAT:            Attendees will meet directly with representatives from NJEDA, the New Jersey Business Action Center, the New Jersey Department of the Treasury, the New Jersey Small Business Development Centers, the U.S. Small Business Administration, and other partners. Representatives will help business owners identify relevant programs, understand eligibility and requirements, and connect with the appropriate next point of contact.

Attendees can get help to:

  • Identify grants, loans, and other financing opportunities
  • Understand what lenders look for and prepare to pursue financing
  • Register and establish a business in New Jersey
  • Pursue certification as a woman-, minority-, or veteran-owned business
  • Connect with free counseling, mentorship, and technical assistance
  • Find the right State, federal, or local contact for their business needs

WHO:               Business owners, entrepreneurs, economic development professionals, local government representatives, non-profit organizations, and community partners are all invited to attend.

WHERE:          New Jersey Institute of Technology (NJIT) – Campus Center

150 Bleeker Street

Newark, N.J.

Free parking is available at the NJIT Parking Deck (154 Summit Street, Newark).

Light refreshments will be provided. To register, click here. For more information, please email smallbusinessservices@njeda.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

The New Jersey Economic Development Authority’s next public Board Meeting will be held in person, via conference call, and via Microsoft Teams on Wednesday, September 16, 2026, at 10:00 am.

Members of the public may participate in the meeting attending in person, by calling in on the conference line, or joining via Microsoft Teams link. Members of the public will have an opportunity to speak during the public comment segment of the meeting. The following conference number and Microsoft Teams link are being provided:  

MEETING NAME: NJEDA BOARD MEETING (SEPTEMBER 16, 2026)

IN PERSON:

NJEDA Board Room

36 West State Street, Trenton NJ

PARTICIPANT DIAL-IN NUMBER:       1-888-790-3708

PARTICIPANT ACCESS CODE:             7825427

MICROSOFT TEAMS MEETING ACCESS LINK

Members of the public are encouraged to call in prior to the time the meeting is scheduled to begin to avoid any delays.

The agenda can be found 48 hours prior to the meeting on our website: https://www.njeda.gov. The meeting will also be recorded and posted to the NJEDA website shortly after the conclusion of the meeting.

Members of the media planning to attend a Board Meeting are encouraged to notify the NJEDA Media Inbox at media@njeda.gov.

TEFRA NOTICE:

Notice of Public Hearing (TEFRA) – NJEDA

NOTICE OF PUBLIC HEARING (TEFRA) (Posted September 4, 2026 at 11:05 AM)

NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY NOTICE OF PUBLIC HEARING 

NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY

NOTICE OF PUBLIC HEARING

The New Jersey Economic Development Authority (the “Authority”) will hold a public hearing at its regular monthly meeting on September 16, 2026 at 10:00 a.m. at the Authority’s Board Room located at 36 West State Street, 1st Floor, Trenton, New Jersey 08625, or at 1-888-790-3708 (Conference ID: 7825427).  The public hearing will be held for the purpose of providing a reasonable opportunity for interested persons to express their views, both orally and in writing, with respect to the proposed issuance by the Authority of its qualified 501(c)(3) bonds, as defined in section 145 of the Internal Revenue Code of 1986, as amended (the “Code”) in one or more series of tax-exempt and/or taxable revenue bonds (the “Bonds”) in an aggregate principal amount not to exceed $115,000,000 pursuant to a plan of financing in connection with the following matters:

MUNIficent Quadrant Human Services NJ, LLC, a Delaware limited liability company (the “Purchaser”), Mpower Wellness NJ LLC, dba Wellness Recovery Center New Jersey, a New Jersey limited liability company (“WRC Operating Company”), and Zen Sobriety Homes LLC, a New Jersey limited liability company (“Zen Operating Company” and collectively with the Purchaser and WRC Operating Company, the “Borrower”), each being a single member limited liability company that is disregarded as an entity separate from its sole member for federal income tax purposes, and the sole direct or indirect member of each being MUNIficent Foundation, Inc., a Delaware nonstock corporation and an organization described in Section 501(c)(3) of the Code, have requested that the Authority issue the Bonds and lend the proceeds thereof to the Borrower to be used: (a) by the Purchaser to (i) purchase of all of the membership interests in WRC Operating Company and Zen Operating Company (together, the “Operating Companies”), and (ii) expand, renovate and/or equip certain facilities owned and operated by the Operating Companies, consisting of (A) an outpatient substance use disorder and behavioral health treatment center located at 231 Clarksville Road, West Windsor[1], New Jersey 08550, and (B) seven residential facility sober living homes currently operated at the following addresses: (1) 536 State Road, Princeton, New Jersey 08540; (2) 640 State Road, Princeton, New Jersey 08540; (3) 200 North Post Road, West Windsor[2], New Jersey 08550; (4) 144 Cranbury Road, Princeton Junction, New Jersey 08550; (5) 150 Gainsboro Road, Lawrence Township[3], New Jersey 08648, (6) 125 Merrick Rd Hamilton, New Jersey 08691 and (7) 118 Bethel Ave Hamilton, New Jersey 08620 (collectively referred to herein as the “Project”), (d) establishing a debt service reserve fund for the benefit of the Bonds, (ii) funding certain liquidity and other reserves, (iii) funding a portion of interest due on the Bonds during the transition period for the Project, (iv) financing working capital, and (v) paying certain expenses incurred in connection with the issuance of the Bonds.  The reasonably expected $115,00,000 maximum principal amount of Bonds may be allocable to any one of the components of the Project listed above, but the aggregate principal amount of Bonds allocable to all components of the Project will not exceed $115,000,000.  The Project will be owned and operated by the Borrower.

At the hearing, members of the public may appear in person or by attorney or by calling in on the Authority’s telephone conference line at 1-888-790-3708, Conference ID: 7825427 to provide information and make statements concerning the foregoing application.  Written comments must be submitted to the Authority no later than 5:00 p.m. on the day before the public hearing via email to Governance.Team@njeda.gov. 

ECONOMIC DEVELOPMENT FINANCINGS OF THE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY WILL BE SPECIAL, LIMITED OBLIGATIONS OF THE AUTHORITY PAYABLE SOLELY FROM THE PAYMENTS MADE BY THE BORROWER TO THE AUTHORITY AND CERTAIN FUNDS AND ACCOUNTS ESTABLISHED UNDER THE INDENTURE FOR THE BONDS AND ARE NOT OBLIGATIONS OF THE STATE OF NEW JERSEY, NOR OF ANY COUNTY OR MUNICIPALITY THEREOF.

            This notice is published in accordance with the public notice requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended.

TRENTON, N.J. (September 2, 2026) – The New Jersey Economic Development Authority (NJEDA) will open applications for Cohort III of the New Jersey Innovation Fellows (NJIF) Program on Wednesday, September 9, 2026, at 10:00 a.m. The program will provide income replacement grants of up to $400,000 to eligible entrepreneur teams looking to launch their businesses within New Jersey.

WHAT:           The NJIF program supports entrepreneurs with unique startup ideas by providing access to “income replacement” grants. This resource creates an opportunity for the entrepreneurs to pursue unique startup business ventures with the security of initial income replacement funding and guidance during the two-year ideation and formation period of their business.

In addition to financial support, the NJIF Program will provide comprehensive mentorship training for each entrepreneurial team. The 24-month mentorship program will provide expert guidance in various fields, conduct workshops, and offer networking opportunities with academic and industry partners through the New Jersey Innovation Institute and the Rowan Center for Innovation & Entrepreneurship.

Grants of $200,000 are available, with bonuses of up to $200,000 if an entrepreneur resides in an Opportunity Zone, self-certifies as a woman or minority, or graduated from a New Jersey college or university. Subject to the availability of funding, up to six applications will be recommended to the Authority’s Board for the Program award and entry into the mentorship program. If funding remains, a seventh award may be considered.

WHO:             Eligible applicants must consist of a team of no less than three individuals and be working to launch a business. For a full list of eligibility requirements, please click here.

WHEN:          Applications will open on Wednesday, September 9, 2026, at 10:00 a.m. and must be submitted by Friday, December 4, 2026, at 5:00 p.m.

The NJEDA is currently accepting questions from interested parties through Wednesday, September 9, 2026, at 5:00 p.m. Questions concerning this Program’s Notice of Funding Availability should be submitted to njinnovationfellows@njeda.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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Updates to Take Charge and NJ Cool programs will expand EV charging infrastructure and bolster building decarbonization

TRENTON, N.J. (August 26, 2026) – The New Jersey Economic Development Authority (NJEDA) Board recently approved modifications to the Take Charge Program and the NJ Cool Program to increase available funding, advance new solar and energy storage installations, reduce energy bills for businesses and institutions, and drive down greenhouse gas emissions. The approved changes align both programs with Governor Mikie Sherrill’s efforts to expand power generation, lessen strain on the state’s power grid, and lower energy costs, supporting affordability for the state’s residents and entrepreneurs.

“New Jersey’s businesses are the backbone of our economy, and we are committed to giving them the tools they need to grow, create jobs, and thrive,” said Governor Mikie Sherrill. “By aligning programs like Take Charge and NJ Cool with our broader energy affordability agenda, we are helping businesses lower costs and invest in their future. I’m grateful to the NJEDA for their partnership as we work to make New Jersey a more affordable and competitive place to do business.”

“Governor Sherrill understands that supporting business growth in New Jersey requires meaningful action on energy affordability, and in her first six months in office, she has enacted reforms to freeze energy rates, expand power supply, and bring real relief to ratepayers,” said NJEDA Chief Executive Officer Evan Weiss. “The changes to Take Charge and NJ Cool will align the NJEDA’s clean energy toolkit to Governor Sherrill’s energy affordability agenda, unlocking capital for business owners to continue growing their enterprises in the Garden State.”

The Take Charge Program will use Regional Greenhouse Gas Initiative (RGGI) funds to help commercial organizations cover the costs of establishing electric vehicle charging infrastructure for private fleets. Under the changes to the Take Charge Program approved by the Board, the minimum grant award size per project will be increased from $50,000 to $100,000 and the installation of on-site renewable energy generation or energy storage systems will be required as part of the proposed project scope. These modifications better align the program with the state’s current energy priorities, including the adoption of Virtual Power Plants (VPPs), which will better manage grid resources, lower electricity costs, and provide a future revenue source to participants.

Under the NJ Cool Program, the NJEDA utilizes RGGI funds to provide grants of up to $1 million for 50 percent of eligible project costs for building retrofit projects that reduce greenhouse gas emissions, helping create efficient, affordable, and more resilient buildings while supporting New Jersey’s broader clean energy goals. Phase 2 of the program will require updates to the building’s existing heating or cooling system and installing on-site renewable energy generation or energy storage systems.

The NJ Cool Program complements the NJEDA’s Reducing Emissions through Retrofits, Optimization, Fuel-Switching, and Innovative Technologies (RETROFIT NJ) Grant Program, which supports multi-pronged, large-scale retrofit projects that enable holistic energy improvements for buildings, campuses, and multi-building facilities. In June, the NJEDA announced it awarded 10 large-scale projects a total of $79 million under the RETROFIT NJ Program. The NJEDA recently updated the RETROFIT NJ Program to expand available funding and advance more solar generation, battery storage, and thermal energy network projects. Applications for Phase II of the RETROFIT NJ Program are expected to open later this summer.

The NJEDA’s other clean energy programs have continued to advance innovative energy projects during Governor Sherrill’s first months in office. Recently, the NJEDA and Nuveen Green Capital closed a $101 million loan under the Garden State Commercial Property Assessed Clean Energy (C-PACE) Program to support the construction of energy efficiency and renewable energy projects for the upcoming Lionsgate film studio in Newark. Additionally, more than $53 million in voucher funding has been approved under the New Jersey Zero-Emission Incentive (ZIP) Program in 2026, assisting in the purchase of 791 zero-emission medium- and heavy-duty vehicles from NJ-based dealerships, with more approvals ongoing. 

Collectively through its programs, the NJEDA has invested over $180 million in clean energy projects in 2026 so far. For more information on the NJEDA’s clean energy programs, visit www.njeda.gov/clean-energy/.

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 24, 2026) – The New Jersey Economic Development Authority (NJEDA) Board approved a Cultural Arts Facilities Expansion (CAFE) Program award to support the Asbury Park Convention Hall’s $130 million renovation project. The investment in the 97-year-old convention hall in Monmouth County will expand equitable access to the performing arts for residents across the state, while catalyzing local economic development and revitalizing an important cultural anchor.

“For nearly a century, the Asbury Park Convention Hall has served as an iconic landmark that provides top-tier arts entertainment and programming for residents and visitors. It’s exciting for the NJEDA, under Governor Sherrill’s leadership, to be a part of this next chapter in its ongoing legacy,” said NJEDA Chief Executive Officer Evan Weiss. “Through investments in the arts and culture sector, the CAFE Program is helping drive new economic activity into communities and ensuring cultural hubs can continue serving the public for future generations.”

The Asbury Park Convention Hall Music & Performance Venue’s Restoration, Revitalization & Modernization Project will rehabilitate the 1920s-era performing arts center, which includes the Convention Hall, the Grand Arcade, and the Paramount Theater on the Asbury Park Boardwalk.  The entire complex will undergo a comprehensive restoration – inside and out – in accordance with historic preservation standards, revitalizing structural, mechanical, architectural, features, including the marquee, lobbies, mezzanines, storefronts, and performance spaces. ADA access upgrades will ensure the landmark is welcoming and inclusive for all visitors as it enters its next century of service.

Beyond its significance to Asbury Park, securing the future of this irreplaceable cultural landmark will serve as a cultural and economic asset for the entire State of New Jersey, drawing visitors and artists from near and far. The project’s goal to attract world-class talent will elevate New Jersey’s cultural profile far beyond the local community, creating ripple effects that bolster the state’s music, arts, and tourism sectors.

“Asbury Park is rooted in music, and the legendary Convention Hall is a center of that,” said Gary Mottola, President, Madison Marquette Asbury. “This CAFE award will ensure that Asbury Park remains a cultural heartbeat of the State for generations to come.”

First opened in 1929, the Convention Hall complex has hosted diverse programming spanning music, theater, dance, film, sports, conventions, and civic events, establishing it as a vital component of New Jersey’s creative and cultural landscape. The comprehensive upgrades will enhance the complex’s ability to attract top performers and diverse audiences while honoring its legacy as a symbol of cultural pride, resilience, and artistic expression. The project is approved for up to $75 million in CAFE Program tax credits.

“The City is thrilled about Madison’s approval application for the tax credits,” said Deputy Mayor Amy Quinn. “We thank the Sherrill administration and Senator Gopal for their support. This is a great step that has required years of work and negotiation. These credits come only if Madison stays in compliance. We look forward to working with the EDA and Madison Marquette to ensure one of the most historic and iconic structures on the East Coast is restored to its former glory.”

New Jersey’s arts and culture sector contributes billions of dollars in economic activity each year, drives tourism, and enhances quality-of-life for state residents. NJEDA initiatives like the CAFE Program and the Activation, Revitalization, and Transformation (A.R.T.) Program leverage the economic potential of arts and culture projects to boost foot traffic in downtowns and main streets across New Jersey, supporting local small businesses, creating jobs, bolstering engagement with the arts, and strengthening the vibrancy of communities. 

The CAFE Program aims to increase cultural arts activities, attract visitors, boost engagement with the arts in underserved communities, and revitalize downtowns by providing tax credits to build or renovate facilities, including aquariums, historical societies, libraries, galleries, and museums. Eligible awardees can receive tax credits covering up to 100 percent of eligible project costs, up to $75 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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