TRENTON, N.J. (July 15, 2025) – The New Jersey Economic Development Authority (NJEDA) is seeking public input on proposed amendments to the Historic Property Reinvestment Program Rules. The program’s focus is historic preservation as a component of community development, aiming to attract long-term private investment into New Jersey while preserving properties that have historic value.

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

WHEN: Feedback must be submitted through the NJEDA’s website by Monday, July 21, 2025, at 12:00 p.m. 

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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Please be advised that the New Jersey Motion Picture and Television Commission Annual Board Meeting will be held in person and via teleconference on Wednesday, July 16, 2025, at 10:30 am. 

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.

TRENTON, N.J. (July 8, 2025) – The New Jersey Economic Development Authority (NJEDA) today issued a Request for Information (RFI) regarding potential programs and funding allocations from the NJEDA to support electric vehicle charging infrastructure for commercial and industrial fleets in the State. The RFI can be found here.   

WHAT:              The NJEDA is seeking information on the opportunities, barriers, potential partnerships, and best practices for new programs that will accelerate investment in charging infrastructure that can support fleet electrification. Currently, the Authority has programs that support transportation decarbonization by addressing the purchase price of medium and heavy-duty zero emission vehicles. The NJEDA is seeking additional insight regarding the associated investments required for charging infrastructure to support continued electrification of vehicle fleets in New Jersey.

WHO:                 The RFI is seeking responses from all interested stakeholders, including owners and operators of private commercial and industrial fleets, charging-as-a-service providers, electric vehicle technical assistance providers, and other subject matter experts or entities involved in fleet electrification. Qualified entities do not need to be located in the State of New Jersey to provide a response.

WHEN:            All questions must be submitted in writing no later than 5:00 p.m. on July 15, 2025, via email to cleanenergy@njeda.gov. The subject line of the email should read: “Questions-2025-RFI-258.” Answers to questions submitted will be publicly posted on the Authority’s website at Bidding Opportunities – NJEDA as Addenda.

                        All RFI responses must be submitted no later than 5:00 p.m. on July 30, 2025, via email to cleanenergy@njeda.gov. The subject line of the email should state “RFI Response-2025-RFI-258.”

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. (June 27, 2025) – The New Jersey Economic Development Authority (NJEDA) will open applications for the Apprenticeship Training Centers Construction Grant Program on Monday, June 30, 2025 at 10:00 a.m. The program will support the construction of workforce training facilities in New Jersey’s Overburdened Communities, preparing local residents for high-paying jobs, eliminating transportation barriers, and creating positive economic benefits for communities.

WHAT:          The $9.7 million Apprenticeship Training Centers Construction Grant Program will award grants between $500,000 and $6.5 million for new construction or the substantial rehabilitation of facilities in Overburdened Communities. Grants will cover up to 70 percent of all eligible project costs, and up to 80 percent of eligible project costs in a Government Restricted Municipality.

Funding for the Apprenticeship Training Centers Construction Grant Program will be utilized from the New Jersey Department of Labor and Workforce Development’s (NJDOL) Workforce Development Partnership Fund. 

WHO:            The program will be open to sponsors of a Registered Apprenticeship Program as defined by the United States Department of Labor’s Office of Apprenticeship and must have been in continuous operation for a minimum of 10 years at the time of application. Applicants will be required to be in and conduct training for the building and construction trades in the funded facility. For more eligibility requirements, and a full list of eligible occupations covered, click here. 

WHEN:          Applications for the Apprenticeship Training Centers Construction Grant Program will open on Monday, June 30, 2025 at 10:00 a.m. Applications will close on Monday, September 29, 2025, at 5:00 p.m. For more information, and to apply, click here.

About the NJEDA

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

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

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NJ BASE will provide office space and marketing services to businesses seeking to expand in the United States

TRENTON, N.J. (June 25, 2025) – The New Jersey Economic Development Authority (NJEDA) has issued a Request for Proposal (RFP) to solicit proposals for an Operator to manage and oversee the New Jersey Business Acceleration and Softlanding Ecosystem (NJ BASE) in Jersey City. NJ BASE will serve as the state’s first ever facility to attract foreign companies in key industries by offering a supportive co-working space and marketing services, helping businesses expand and grow in the United States.

WHAT:            NJ BASE will serve as a launchpad for foreign companies seeking to establish or expand operations in the United States, offering complimentary coworking space, tailored business support, and a structured six-week Business Immersion Program designed to integrate participants into New Jersey’s innovation ecosystem. The intent of this RFP is to award a contract for a term of three years, with two optional one-year extensions, to an Operator that will manage the NJEDA’s leased office space and oversee the day-to-day operations of NJ BASE.

WHO:               The Operator’s experience should include the following:

  • Developing/managing innovation centers or business ecosystems with government partners, accelerators, or similar types of facilities (especially for government entities);
  • Experience with United States laws and regulations (preferably New Jersey) regarding operational compliance;
  • Experience supporting the growth of and market access to international and domestic U.S. businesses;
  • Management of office space, including in coworking areas or other corporate facilities with multiple tenants; and
  • Experience in social media management, content creation, and marketing, including, but not limited to, online engagement and in-person events.

The RFP and complete list of eligibility requirements can be found here.

WHEN:           All questions must be submitted no later than 2:00 p.m. on Monday, July 7, 2025, on the NJEDA’s Bidding Opportunities page. Answers to questions submitted will be publicly posted on the NJEDA’s website as Addendum.

All RFP responses must be submitted no later than 2:00 p.m. on Tuesday, July 29, 2025, on the NJEDA’s Bidding Opportunities page.

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. (June 24, 2025) – Applications for the New Jersey Economic Development Authority’s (NJEDA) Next New Jersey Program – AI are now open. The program will drive economic growth, collaboration, and the development of AI infrastructure across the state by providing tax credits to eligible businesses investing in large-scale AI data centers and companies engaging in AI-related activities.

WHAT:          The $500 million allocation to the Next New Jersey Program – AI will provide tax credits to eligible businesses to engage in building and fostering New Jersey’s fast-growing AI ecosystem. The program builds on Governor Phil Murphy’s goal of establishing New Jersey as a leader in AI by encouraging private investment into the state’s AI sector.        

WHO:            The program will be open to businesses or divisions primarily engaged in the AI industry or the large-scale AI data center industry. Businesses must commit to creating at least 100 new eligible full-time jobs and meet a minimum capital investment of $100 million to be eligible for tax credits. Additionally, the program requires that the business enter into a collaborative relationship with a New Jersey-based public or private research university, technology startup, incubator, accelerator, or similar entity.

WHEN:          Applications for the Next New Jersey Program – AI are open. For more information, and to apply, visit https://www.njeda.gov/nextnjai/.

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 NJ HAX Plasma Forge will transform plasma physics research into startups, jobs, and novel technologies

PRINCETON, N.J. (June 17, 2025) – Today, the New Jersey Economic Development Authority (NJEDA) announced it will partner with venture capital firm SOSV and the U.S. Department of Energy’s Princeton Plasma Physics Laboratory (PPPL) to create a new Strategic Innovation Center (SIC) in the Princeton area. The NJ HAX Plasma Forge will leverage the world-class research conducted by PPPL and SOSV’s robust investment experience to bolster plasma-focused startup creation and acceleration, promote industry collaboration, and commercialize groundbreaking technologies in an emerging economic sector.

“Through targeted investments and expanded resources for our state’s entrepreneurs, New Jersey is poised to lead in innovative industries like plasma and artificial intelligence,” said Governor Phil Murphy. “The NJ HAX Plasma Forge, along with other Strategic Innovation Centers across New Jersey, will support startup creation, generate high-paying jobs, and strengthen the state’s long-term economic competitiveness.”  

“Under Governor Murphy’s leadership, New Jersey is partnering with inventive entrepreneurs, world-class academic institutions, and private sector experts to strengthen the state’s position as a leader in innovation,” said NJEDA Chief Executive Officer Tim Sullivan. “With the support of the NJEDA’s Strategic Innovation Center initiative, entrepreneurs will be able to harness transformative advances in plasma research to create businesses that drive this exciting industry forward and further the state’s ambitious clean energy and energy resiliency goals.”

The HAX Plasma Forge will include up to 10,000 square feet of lab and co-working space close to PPPL’s facility in the Princeton area, with equipment, staff and infrastructure suitable for low-temperature plasma research, which is essential to semiconductor manufacturing processes, and fusion supply chain development. Princeton-based SOSV will operate the SIC in collaboration with PPPL, providing up to $24.5 million in seed funding to startup companies located in the SIC and engaging with established industry leaders to work alongside entrepreneurs and researchers. Pending approval by its Board, the NJEDA intends to invest $24.5 million to support the HAX Plasma Forge operations and investment into participant companies.

SOSV previously partnered with the NJEDA to establish HAX, LLC’s United States flagship headquarters in Newark, a SIC which provides support for emerging companies, including up to a $550,000 initial investment in each participating company, 180 days of hands-on collaboration, and a global community for early-stage founders building hard tech startups.

“Plasma is a powerful tool in the deep tech arsenal, a technology that unlocks nuclear fusion, powers advanced spacecraft, and manufactures futuristic AI chips,” said SOSV General Partner and HAX Managing Director Duncan Turner. “PPPL is a world-renowned leader in this field, and we’re thrilled to partner with them to unlock new possibilities. At SOSV, we’ve already backed a handful of startups harnessing plasma technology, and this new lab, made possible by the NJEDA, will allow us to expand and deepen that effort.”

PPPL, a U.S. Department of Energy national laboratory managed by Princeton University, conducts essential research across a full range of plasma applications to solve science and technology challenges. The laboratory aims to develop the scientific knowledge and advanced engineering to enable fusion to power the U.S. and the world, advance the science of nanoscale fabrication and sustainable manufacturing, and further the development of the scientific understanding of the plasma universe.

Today, plasma is being harnessed to power fusion reactors for carbon-free energy, propel advanced satellites, and build the next generation of artificial intelligence chips that will drive global innovation. PPPL is the premier plasma physics lab in the United States and a world leader in plasma science. The NJEDA’s investment will allow new technologies to be developed and support efforts to build a plasma valley in New Jersey. 

“PPPL brings world-class talent and capabilities and is uniquely positioned to drive innovation in the state and the nation,” said PPPL Laboratory Director Steve Cowley. “Partnering with SOSV and NJEDA will expand our scientific footprint, enabling our expertise to drive economic development and advance new technologies. This is an exciting new chapter.”

SICs are facilities that support research and development, innovation, and entrepreneurship through mentorship, networking opportunities, hands-on training, business support services, and education opportunities. SICs can be accelerators, incubators, or research centers. Having a physical location where entrepreneurs can collaborate will help support new, diverse innovators and help drive long-term economic growth.

The NJEDA has announced investments into 11 SICs in New Jersey, focused on industries such as artificial intelligence, fintech, aerospace, life sciences, and biotech. To learn more about the NJEDA’s SIC initiative, visit https://www.njeda.gov/strategic-innovation-centers/. 

About the NJEDA

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

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

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NJ BASE will help entrepreneurs in key economic sectors grow their business in the state

Click the links to view the press release in Español, Deutsch, Français, 한국어, 日本語, 普通话, עִברִית, عربي, Português.

TRENTON, N.J. (June 13, 2025) – This week, the New Jersey Economic Development Authority (NJEDA) Board approved the creation of a Jersey City-based landing pad for established international businesses looking to scale their operations in the state. The New Jersey Business Acceleration and Softlanding Ecosystem (NJ BASE) will serve as the state’s first ever facility to attract foreign companies in key industries, by offering a supportive co-working space to expand and grow their business in the United States.

“This is an exciting milestone in New Jersey’s mission to diversify our economy and expand our leadership role in technology innovation and diplomatic relations,” said Governor Phil Murphy. “Since I took office, we have worked hard to build international relationships through various trade missions abroad and bring jobs to New Jersey. Having a landing pad in New Jersey for companies to set up shop will be a desired feature as foreign entrepreneurs look to scale their business in the North American market.”

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.

“Under Governor Murphy’s leadership, New Jersey has developed strong economic relationships with countries around the world, helping increase our presence on the global stage and bolster the state’s economy,” said NJEDA Chief Executive Officer Tim Sullivan. “NJ BASE will continue to expand the state’s reach across foreign economies and support entrepreneurs looking to bring their products and services to the United States. We look forward to launching NJ BASE in the coming months, which will further strengthen key sectors and create good-paying jobs.”

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.

NJ BASE, which will house approximately 15-20 companies as a first cohort, will be located in Downtown Jersey City. NJ BASE will be operated by a third-party entity and the NJEDA will release a Request For Proposal (RFP) for an operator in the coming weeks.

New Jersey’s footprint in foreign markets has expanded throughout the Murphy Administration and the landing pad will serve as a major point of attraction during future economic mission trips. During Governor Murphy’s tenure, New Jersey leadership has embarked on numerous economic missions, including to India, Canada, Ireland, Israel, Germany, East Asia, and several Gulf Arab states.

“The launch of NJ BASE is a game-changer for international companies considering expansion into the U.S. market,” said Wesley Mathews, President & CEO of Choose New Jersey. “We’ve seen firsthand through our international centers and overseas economic missions that there is strong demand for soft landing spaces in the United States — and New Jersey is uniquely positioned to deliver. NJ BASE will provide foreign businesses with the on-the-ground support they need to grow, thrive, and create jobs in one of the most connected, diverse, and innovation-driven states in the country.”

“With access to top-tier talent, proximity to world-class cities, and robust state support for innovation, international companies are increasingly looking to establish a presence in New Jersey to expand,” said NJEDA Director of International Innovation Andrew H Gross. “The opening of NJ BASE later this year will attract international industry leaders in strategic sectors, bolstering the state’s long-term economic competitiveness, creating good-paying jobs, and strengthening our international relationships.”

Last month, the NJEDA released the second annual New Jersey Global Economic Index, a report that highlights, ranks, and analyzes the sources of foreign direct investment (FDI) into New Jersey, amounting to several billion dollars and thousands of jobs during the Murphy Administration. The annual report guides and helps develop international business relationships with the state, while bolstering Governor Murphy’s global economic development goals.

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. (June 12, 2025) – The New Jersey Commission on Science, Innovation, and Technology (CSIT) is now accepting applications for the Clean Tech R&D Seed Grant Round 4. The program, developed in coordination with the New Jersey Economic Development Authority (NJEDA) and the New Jersey Board of Public Utilities (NJBPU), provides grants of up to $75,000 to eligible New Jersey companies to conduct R&D projects that will reduce or mitigate greenhouse gas emissions.

WHAT:            The goal of the Clean Tech R&D Seed Grant Program is to help New Jersey-based early-stage clean tech/clean energy companies accelerate development and innovation of clean technologies to transform new discoveries from research stage into commercially viable technologies, leading to industry and investor interest.

The Program is for companies developing or testing clean technologies intended to avoid emissions of, or recapture, greenhouse gases and/or criteria pollutants, or to enable such avoidance or recapture in the following target areas:

  • Chemicals/Advance Materials
  • Energy Distribution/Storage
  • Energy Efficiency
  • Energy Generation
  • Green Buildings
  • Transportation
  • Waste Processing
  • Water and Agriculture

WHO:              Applicants must meet certain eligibility requirements, including:

  • Have at least one, but no more than 50, full-time employees;
  • Have less than or equal to $5,000,000 in prior calendar year sales revenue;
  • Have a current New Jersey tax clearance certificate listing New Jersey Commission on Science, Innovation and Technology; and
  • Be authorized and in good standing to conduct business in New Jersey.

Click here for a full list of eligibility requirements.

WHEN:           Applications for the Clean Tech R&D Seed Grant Round 4 are now open. Applications must be submitted by Friday, July 11, 2025, at 5:00 p.m.

About CSIT
In August 2018, Governor Murphy signed legislation re-establishing the former New Jersey Commission on Science and Technology as the CSIT. Comprised of representatives from the public and private sectors, as well as academia, the Commission is tasked with leading the way in promoting the state as a home for academic and technological research, development, and commercialization.

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 state resources available to New Jersey entrepreneurs and early-stage companies, visit https://www.njeda.com and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

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TRENTON, N.J. (June 11, 2025) – The New Jersey Economic Development Authority (NJEDA) Board approved a tax credit award of $12 million to rehabilitate an 1839 historic church structure in Trenton under the Historic Property Reinvestment Program (HPRP). The Steeple Center Rehabilitation Project, developed by 120 East State, will bring a performing arts venue and events center to Trenton.

“Revitalizing vacant or underused properties is a key part of Governor Phil Murphy’s mission to strengthen communities, generate employment, and boost economic development in commercial centers,” said Tim Sullivan, Chief Executive Officer of the NJEDA. “With this HPRP award, the Steeple Center Rehabilitation Project will preserve the historic church for future generations, bolster the community’s cultural arts sector, and act as a driving force for ongoing revitalization in the Trenton area.”

The project consists of a complete rehabilitation of the 1839 church structure and associated addition, which was built in 1950. Once completed, the venue will have a seating capacity of nearly 300 and provide both free and fee-based community-based gathering and programming spaces, as well as a lobby and visitor center with a café, gift shop, restrooms, administrative offices, and waiting areas.

“This investment is a major win for Trenton’s cultural and economic future. Restoring this historic church not only preserves an iconic piece of our city’s architectural legacy, but also breathes new life into our downtown by creating a vibrant space for arts, events, and community gatherings,” said Trenton Mayor W. Reed Gusciora. “Thanks to the NJEDA and 120 East State, we’re one step closer to making downtown Trenton a destination for residents and visitors alike.”

The venue will also have space for catering, arts performances, conferences, and other events. project will also be fully American with Disabilities Act (ADA) compliant.

“We are grateful to the NJEDA for this essential support of our project– it moves us an extremely important step closer to transforming 120 East State into a center that will in turn help transform downtown Trenton,” said Molly Dykstra, Acting Executive Director of 120 East State. “We believe great things are ahead for our city, and we look forward to playing a vital part in a making that future happen.” 

“Great things are ahead for Downtown Trenton and we’re going to play a vital part in making them happen,” said Cherry Oakley, Board President of 120 East State. “We’re looking forward to Trentonians, their friends and visitors from everywhere having a reimagined historic place to gather and grow.”

The HPRP’s focus is historic preservation as a component of community development, aiming to attract long-term private investment into New Jersey while preserving properties that have historic value. The revitalization of historic structures will help to bring these often-underutilized properties back to productive use, thereby reducing the need for new development at these locations. Created under the New Jersey Economic Recovery Act of 2020 (ERA), the HPRP is designed to work in conjunction with the Federal Historic Tax Credit Program and is subject to an annual program cap of $50 million, with annual unused amounts included in the amounts available for approval in the subsequent year.

Full details on the program are available 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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