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, June 10, 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 (JUNE 10, 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 June 2, 2026 at 2:10 pm)

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 June 10, 2026 at 10:00 a.m. at the Authority’s Board Room located at 36 West State Street, Trenton, Nhttps://www.njeda.gov/notice-of-public-hearing-tefra-8/ew Jersey 08608 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 (the “Bonds”) pursuant to a plan of financing for the following project:

Owner, Operator or

Manager of Project:                   OWNER: QCF Advantage, LLC, a limited liability company organized under the laws of the State of Delaware (the “Purchaser”), wholly owned by and for tax purposes a division of QCF/I, Inc., a Georgia nonprofit corporation (the “Parent”), intends to purchase all of the membership interests in (a) Advantage Behavioral Health and Wellness, LLC, a New Jersey limited liability company (“ABHW Operating Company”), and Advantage Behavioral Health Services II, LLC, a New Jersey limited liability company (“ABHS Operating  Company”) from ABHS Acquisition Corp., a Delaware corporation (together with its related entities, the “Seller”); (b) Victory Bay Residential Holdings CA, LLC, a California limited liability company (“VBR Holdings”) from principals or affiliates of the Seller; and (c) ABC Real Estate Holdings LLC, a New Jersey limited liability company (“ABC Holdings”) from principals or affiliates of the Seller, with the Purchaser, ABHW Operating Company, ABHS Operating Company, VBR Holdings and ABC Holdings collectively referred to as the “Borrower.”

                                                OPERATOR/MANAGER:  ABH Management Services, LLC

Project Addresses:                     The land and facilities comprising the Project are located in New Jersey (the “State”) and the maximum principal amount of Bonds used to finance each non-proximate facility at the following locations:

Chews Landing Campus:           $406,631,889

Victory Bay                              1361 Chews Landing Road, Laurel Springs, Camden County

Victory Bay                              1365 Chews Landing Road, Laurel Springs, Camden County

ABHW Operating Company      1371 Chews Landing Road, Laurel Springs, Camden County

ABHW Operating Company      1373 Chews Landing Road, Laurel Springs, Camden County

ABHW Operating Company      1375 Chews Landing Road, Laurel Springs, Camden County

ABHW Operating Company      1377 Chews Landing Road, Laurel Springs, Camden County

ABHW Operating Company      1379 Chews Landing Road, Laurel Springs, Camden County

ABHS Operating Company       1381 Chews Landing Road, Laurel Springs, Camden County

ABHS Operating Company       1383 Chews Landing Road, Laurel Springs, Camden County

ABHW Operating Company      1384 Chews Landing Road, Laurel Springs, Camden County

Harmony Bay                           1387 Chews Landing Road, Laurel Springs, Camden County

Harmony Bay                           1389 Chews Landing Road, Laurel Springs, Camden County

Victory Bay                              1391 Chews Landing Road, Laurel Springs, Camden County

Victory Bay                              1393 Chews Landing Road, Laurel Springs, Camden County

Victory Bay                              1395 Chews Landing Road, Laurel Springs, Camden County

Victory Bay                              1397 Chews Landing Road, Laurel Springs, Camden County

Victory Bay                              1399 Chews Landing Road, Laurel Springs, Camden County

Victory Bay                              1401 Chews Landing Road, Laurel Springs, Camden County

Rockingham Row Campus:       $43,848,597

Victory Bay                              205 Rockingham Row, Princeton, Mercer County

Victory Bay                              213 Rockingham Row, Princeton, Mercer County

Other Project Locations:

Victory Bay                              16 Chapin Road, Suite 912, Pine Brook, Morris County $43,848,597

Dignity Hall                              24 Drexel Ave., Blackwood, Camden County $9,244,865

Dignity Hall                              201 S Warwick Road, Somerdale, Camden County $9,244,865

Dignity Hall                              400 Magnolia Ave., Somerdale, Camden County $9,244,865

Dignity Hall                              4 Morgan Hill Ct., Blackwood, Camden County $9,244,865

Dignity Hall                              118 Ogg Ave., Somerdale, Camden County $9,244,865

Dignity Hall                              15 Lee Ann Drive, Blackwood, Camden County $9,244,865

Dignity Hall                              61 Hemlock Drive, Blackwood, Camden County $9,244,865

Dignity Hall                              3 Waterview Drive, Sicklerville, Camden County $9,244,865

Dignity Hall                              109 Victor Ave., Laurel Springs, Camden County $9,244,865

Dignity Hall                              230 East Elm Ave., Lindenwold, Camden County $9,244,865

Dignity Hall                              50 Whitall Drive, Sicklerville, Camden County $9,244,865

Dignity Hall                              3 Tucker Ct., Clementon, Camden County $9,244,865

Dignity Hall                              12 Diamond Ct., Gloucester Township, Camden County $9,244,865

Dignity Hall                              200 Breckenridge Drive, Sicklerville, Camden County $9,244,865

Dignity Hall                              34 Brandywine Way, Sicklerville, Camden County $9,244,865

Dignity Hall                              6 W Broad Street, Berlin, Camden County $9,244,865

Dignity Hall                              7 Edgewater Ct., Sicklerville, Camden County $9,244,865

Dignity Hall                              6 Jaques Ct., Sicklerville, Camden County $9,244,865

Harmony Bay                           1130 Raritan Road, Suite 3, Cranford, Union County $569,107

Harmony Bay                           17-15 Maple Ave., Fair Lawn, Bergen County $569,107

ABHS Operating Company       623 Lafayette Ave., Hawthorne, Passaic County $110,000

ABHS Operating Company       52 Hyers Street, Toms River, Ocean County $110,000

ABHS Operating Company       7 Eves Drive, Marlton, Burlington County $110,000

ABHS Operating Company       110 Harmon Drive, Blackwood, Camden County $110,000

ABHS Operating Company       5 Eves Drive, Marlton, Burlington County $110,000

ABHS Operating Company       36 Kresson Road, Suite D, Cherry Hill, Camden County $110,000

ABHS Operating Company       36 Kresson Road, Suite C, Cherry Hill, Camden County $110,000

Maximum Aggregate

Face Amount of

Bonds Requested:                     $653,400,000

Description of Project:               (a) the Purchaser’s purchase all of the membership interests in ABHW Operating Company and ABHS Operating Company; (b) the Purchaser’s purchase of all of the membership interests in VBR Holdings; (c) the Purchaser’s purchase of all of the membership interests in ABC Holdings; (d) the Borrower’s financing of the acquisition, construction, expansion, renovation and equipping of Victory Bay, a provider specializing in higher acuity outpatient treatment for mental health, eating, gambling, and substance use disorder treatments, with locations throughout the State, including as set forth above; (e) the Borrower’s financing of the acquisition, construction, expansion, rehabilitation, renovation and equipping of Harmony Bay, a provider of primarily outpatient telehealth behavioral treatment programs including individual and family therapy, psychiatric evaluations, and medication management, with locations throughout the State, including as set forth above; (f) the Borrower’s financing of the acquisition, construction, expansion, rehabilitation, renovation and equipping of Dignity Hall, providing Cooperative Sober  Living Residences, with locations throughout the State, including as set forth above, (clauses (a) through (f) collectively referred to herein as the “Facilities”); and (g) the Borrower (i) establishing a debt service reserve fund for the benefit of the Bonds, (ii) establishing a transition holdback fund to hold a portion of the purchase price subject to release in accordance with certain requirements, (iii) funding certain reserves, (iv) funding a portion of interest due on the Bonds during the transition period for the Facilities, (v) financing working capital, and (vi) paying certain expenses incurred in connection with the issuance of the Bonds.

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. 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.

Oral comments will be limited to 3 minutes per speaker.  A person wishing to speak at the hearing will be asked to provide his or her name, address and the person(s) or entity(ies) he or she represents, if any, prior to speaking.  This notice is given pursuant to the provisions of Section 147(f) of the Code.  Written comments will be accepted by the Authority c/o Naimah Marshall, Director-Business Banking, at Naimah.Marshall@njeda.gov, but must be received by 5:00 p.m. on the business day prior to the hearing.

TRENTON, N.J. (May 26, 2026) – The New Jersey Economic Development Authority (NJEDA) today announced that approximately $5 million in funding is still available for the Cannabis Business Development (CBD) Grant Program. This pilot grant program will offer $75,000 reimbursements to eligible cannabis manufacturers, cultivators, retailers, and testing laboratories in New Jersey. $5 million in funding has already been disbursed through the program.

WHAT:            The CBD Grant Program is designed to provide targeted financial support to eligible recreational cannabis entrepreneurs in New Jersey. The program will grant one-time reimbursements of $75,000 to help alleviate and manage the cost of ongoing State and local compliance, as well as operating expenses, for early-stage companies.

Five percent of funding will be made available for businesses operating in New Jersey Cannabis Regulatory Commission (NJCRC) designated Impact Zones, which stimulate economic development in historically underserved areas. These zones are designated by the NJCRC on factors such as past cannabis arrests, law enforcement activity, unemployment, and population.

WHO:                To be eligible for the CBD Grant Program, a business must possess a valid and current NJ Cannabis Regulatory Commission (NJCRC) annual license digital card in one of the following categories: Class 1 (Cultivator), Class 2 (Manufacturer), Class 5 (Retailer), or Testing Laboratory at the time of application. To qualify for the CBD Grant Program, applicants must also submit at least $75,000 in eligible expenses with supporting documentation and proof of payment.

For full eligibility requirements and to apply, 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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Applications for NJ BASE are currently open

JERSEY CITY, N.J. (May 19, 2026) – Last week, the New Jersey Economic Development Authority (NJEDA) and global innovation execution company SOSA officially cut the ribbon on the New Jersey Business Acceleration and Soft-Landing Ecosystem (NJ BASE). NJ BASE will serve as a landing pad for international companies looking to establish and scale their operations in the United States, supporting expansion, attracting investment, and creating high quality jobs in industries vital to New Jersey’s economic future.

Located at 3 Second Street in Jersey City, NJ BASE will 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 includes amenities such as conference facilities and event space.

“The NJEDA is excited to welcome international companies to the Garden State and support their long-term growth in New Jersey,” said NJEDA Chief Executive Officer Evan Weiss. “Through strategic investments in innovation, entrepreneurship, and workforce development, New Jersey continues to strengthen its position as a global destination for business and talent. NJ BASE will provide international entrepreneurs with the resources, partnerships, and support they need to scale their companies, foster collaboration, and contribute to a stronger and more dynamic innovation economy across the state.”

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.

“Choose New Jersey is proud to partner with the NJEDA and SOSA in launching NJ BASE,” said Amy Herbold, President and CEO of Choose New Jersey. “As we continue to promote New Jersey globally, NJ BASE expands our capacity to attract high-growth international companies and support their successful entry into the U.S. market. This initiative is a meaningful addition to our innovation ecosystem and further solidifies New Jersey’s standing as a leading destination for global business expansion and investment.”

Operated by SOSA, NJ BASE’s Business Immersion Program will provide free, high-quality co-working space and hands-on support across go-to-market strategy, operations, and financing to international companies, connecting participants to the Garden State’s corporations, investors, and innovation ecosystem partners. Participating companies will benefit from access to tailored mentorship, strategic introductions, and high-impact engagements designed to equip companies with the resources and relationships needed to fuel long-term growth. 

“What we opened isn’t just an office space. It’s a commitment to the founders coming here, that they will walk into an operation that’s already done the work of understanding where the real opportunities are. And they will be matched, deliberately and personally, with the people who can turn their work into something meaningful,” said Uzi Scheffer, CEO of SOSA. “I want to thank the NJEDA for the trust and Choose New Jersey for working with us on this project and for the close collaboration.” 

New Jersey has long been a global destination for business, investment, trade, and market expansion. The state is uniquely positioned in close proximity to some of the largest markets in the country, including New York, Philadelphia, Boston, and D.C. New Jersey is deeply interconnected with the rest of the country and the world via the Northeast Corridor, Newark International Airport, and Port Newark, making it a prime location for international firms looking to do business in the U.S.

“With access to top-tier talent, proximity to world-class cities, and strong state support for innovation, New Jersey is becoming an increasingly attractive destination for international companies looking to grow and expand,” said NJEDA Director of International Innovation Andrew H Gross. “The launch of NJ BASE will help attract global leaders in key strategic industries, strengthen New Jersey’s long-term economic competitiveness, create high-quality jobs, and deepen international partnerships.”

“Hudson County is proud to welcome NJ BASE to Jersey City as a powerful new hub for international innovation, entrepreneurship, and economic opportunity. This initiative reinforces our County’s position as a gateway to global business and a leader in attracting cutting-edge industries that create high-quality jobs for our residents,” said Craig Guy, Hudson County Executive. “With its strategic location, access to world-class transit, and proximity to New York City, Jersey City is the ideal home for companies to establish and grow their presence in the United States. I commend the New Jersey Economic Development Authority and SOSA for their vision and partnership in bringing this exciting investment to Hudson County.”

“Jersey City is the natural home for NJ BASE. We are New Jersey’s gateway to the global economy, and the home of one of the most diverse, dynamic, and connected business communities in the country. International companies choosing to plant their flag here will find exactly what they need to grow: world-class talent, easy access to the broader Northeast Corridor, and a city government that is genuinely committed to partnering with the innovation economy,” said Jersey City Mayor James Solomon. “I want to thank the NJEDA, SOSA, and Choose New Jersey for bringing this opportunity to Second Street, and I look forward to welcoming the entrepreneurs and companies who will call Jersey City home as they build their American future.”

The NJEDA is currently accepting applications for NJ BASE’s Business Immersion Program through Monday, June 15. For more information on eligibility and other program requirements, click here or contact NJBASE@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.

About SOSA

SOSA is the global innovation execution partner for governments, specializing in the design, launch, and operation of world-class innovation centers. SOSA helps governments translate global technology into measurable economic growth, job creation, and strategic capability. Leveraging a proven global network of corporations, startups, and industry leaders, SOSA channels validated market demand into these hubs – transforming them into engines of GDP growth and critical nodes in the global innovation supply chain. With a decade of experience delivering international programs and public-private partnerships, SOSA enables governments to move from vision to execution and establish long-term innovation leadership. Learn more at sosa.co.

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Symphony Center at Powerhouse Arts District in Jersey City will offer state-of-the-art performance and education facilities

TRENTON, N.J. (May 14, 2026) – Yesterday, the New Jersey Economic Development Authority (NJEDA) Board approved more than $29 million in tax credits under the Cultural Arts Facilities Expansion (CAFE) Program to New Jersey Symphony in support of the Symphony Center at the Powerhouse Arts District in Jersey City. The project will create a new, permanent venue and administrative space for New Jersey Symphony, expand free and low-cost arts programming, and advance neighborhood revitalization.

“New Jersey’s booming arts and culture sector continues to create impactful economic opportunities, enhancing quality of life in local communities and supporting high-quality jobs across the state,” said NJEDA Chief Executive Officer Evan Weiss. “The NJEDA is committed to supporting cultural institutions like New Jersey Symphony as it expands artistic offerings and educational initiatives, cultivating new generations of artists and catalyzing neighborhood vitality.”

The Symphony Center at Powerhouse Arts District, located at 151 Bay Street in Jersey City, will include a 550-seat performance hall, dedicated rehearsal and production spaces, and rooms to host year-round cultural arts educational classes, workshops, and afterschool programs. The center will host more than 100 public performances annually, including orchestral concerts, jazz, film, spoken word, and multimedia productions, and encourage community engagement through civic events, artist residencies, public forums, and cultural celebrations.

Founded in 1922, New Jersey Symphony, one of the oldest and largest performing arts organizations in the state, reaches more than 140,000 people annually through live performances, education, and wellness programs in over 100 New Jersey communities. The Symphony Center project will expand the Symphony’s reach in Hudson County region, creating new jobs and increasing access to arts education.

“This expansion is a transformative moment for New Jersey Symphony, Hudson County, and for Jersey City. With the NJEDA’s support for the Symphony Center, which will become the first fully managed facility by New Jersey Symphony, we can expand our performances and education programs into Jersey City,” said New Jersey Symphony President & CEO Terry D. Loftis. “This expansion continues our deep commitment to Newark and other communities throughout New Jersey, where our mainstage concerts, community events, and education programs impact the lives of thousands each year. As the Symphony’s president and CEO, and as a resident of Jersey City, I am excited about the opportunities this new chapter creates for our community, and I look forward to welcoming everyone to the Symphony Center.”

The center will be an anchor institution of the Powerhouse Arts District, a cultural corridor in Jersey City within walking distance of dense residential and commercial development and accessible by PATH train, Hudson-Bergen Light Rail, NJ Transit buses, and the NYC Ferry.

“The New Jersey Symphony Orchestra choosing Jersey City as its permanent home is a significant moment for our city and the entire region. The Symphony Center at Powerhouse Arts District will be a world-class performance venue and a civic anchor, bringing free and low-cost arts programming to Hudson County residents,” said Jersey City Mayor James Solomon. “Jersey City has invested deeply in building the Powerhouse Arts District into a thriving cultural corridor, and this $29 million commitment from the NJEDA reflects exactly what’s possible when state and local partners align around a shared vision. We are proud to welcome the New Jersey Symphony home.”

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.

The NJEDA is not currently accepting new applications under the CAFE Program, but stakeholders are encouraged to visit www.njeda.gov/cafe periodically for up-to-date information.

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 New Jersey Economic Development Authority’s next public Board Meeting will be held in person, via conference call, and via Microsoft Teams on Wednesday, May 13, 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 (MAY 13, 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.

TRENTON, N.J. (May 1, 2026) – The New Jersey Economic Development Authority (NJEDA) and SOSA will open applications for the New Jersey Business Acceleration and Soft-Landing Ecosystem (NJ BASE) Business Immersion Program on Monday, May 4th, 2026. Located in Jersey City, NJ BASE will serve as a landing pad for international companies looking to establish and scale their operations in the United States, supporting expansion, attracting investment, and creating high quality jobs in industries vital to New Jersey’s economic future.

WHAT:          Operated by SOSA, NJ BASE will provide free, high-quality co-working space and hands-on support across go-to-market strategy, operations, and financing to international companies, connecting participants to the Garden State’s corporations, investors, and innovation ecosystem partners. Participating companies will benefit from access to tailored mentorship, strategic introductions, and high-impact engagements designed to equip companies with the resources and relationships needed to fuel long-term growth. 

WHO:             Eligible companies must be headquartered outside of the United States and be revenue-generating with sufficient capital to adequately support their expansion to the U.S. market. Additionally, participating companies are strongly encouraged to establish operations and grow a team in New Jersey following their participation in the NJ BASE Business Immersion Program, which will connect participants to the New Jersey corporate ecosystem.

Companies focused on priority industries such as climate and clean technologies, life sciences and health innovation, advanced manufacturing and materials, financial technology, and smart mobility and transportation, as well as digital industries such as cybersecurity, data and AI solutions, and film and media innovation, are eligible.

For more information on eligibility and other program requirements, click here or contact NJBASE@njeda.gov.

WHEN:          Applications for NJ BASE will open on Monday, May 4th, 2026, at 10:00 a.m. and close on Monday, June 15th, 2026 at 5:00 p.m. Click here to apply.

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. (May 1, 2026) – The New Jersey Economic Development Authority (NJEDA) is now accepting applications for the Technology Business Tax Certificate Transfer Program, commonly known as the Net Operating Loss (NOL) program. The NOL program allows early-stage technology and life sciences companies in New Jersey to sell a percentage of their net operating losses and unused research and development (R&D) tax credits to unrelated profitable corporations for cash.  

WHAT:            The NOL program supports innovative start-ups by enabling qualified, unprofitable New Jersey-based technology or biotechnology companies with fewer than 225 U.S. employees to sell a percentage of its net operating losses and R&D tax credits. Participants can use the capital raised through the NOL program to help cover allowable costs incurred in connection with operating their businesses such as salaries, R&D, and other working capital expenditures

In 2025, an economic impact assessment found that the NOL Program is crucial to driving economic activity and enhancing business sustainability in the state, with more than half of the 589 program recipients continuing to operate in New Jersey and employ an estimated 31,200 workers.

WHO:               Technology and biotechnology companies with no more than 224 employees are eligible to apply for the NOL Program. Up to $75 million is available annually, with up to $15 million set aside for businesses located in Innovation Zones, Opportunity Zones, or New Jersey-certified minority and/or woman-owned businesses.

WHEN:            Applications for the NOL Program opened today, May 1, at 10:00 a.m. Applications will close on Tuesday, June 30, at 11:59 p.m.

An informational webinar will be held on Thursday, May 21 at 12:00 p.m. To register, click here.

Full application and eligibility requirements 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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Please be advised that the Commission of Science, Innovation and Technology (CSIT) Annual Board meeting is scheduled for Friday, May 1st, 2026 at 10:00 AM.

A copy of the proposed agenda can be found at https://www.njcsit.gov/

EVENT ENTRANCE ADDRESS:

Profeta Center – NJIT, New Jersey Institute of Technology

211 Warren St, Newark, NJ 07103

PARKING GARAGE ADDRESS:

Science and Technology Parking Garage – 42 Wilsey Street, Newark, NJ 07103

Parking is complimentary for this event

Parking Instructions

MICROSOFT TEAMS:

Join the meeting now

Meeting ID: 270 177 759 773 1 | Passcode: Zi9be2ac

Please be advised that The New Jersey Motion Picture and Television Commission meeting scheduled for 10:30AM, Wednesday, April 29, 2026, is hereby rescheduled to 10:30AM Wednesday, April 22, 2026. The meeting will be held in person and via teleconference.

Members of the public who wish to speak during the public comment segment of the meeting, pertaining to agenda items, may attend in person or call into the meeting by using the conference number, and are encouraged to call in prior to the meeting start time to avoid any delays.

IN PERSON:

New Jersey Economic Development Authority

One Gateway Center

11-43 Raymond Plaza West, 14th Floor, Newark, NJ 07102

The agenda and teleconference number can be found 48 hours prior to the meeting here.