14 NJ Clean Tech Startups Poised to Receive Funding to Test & Validate Their Technologies

TRENTON, N.J. (July 11, 2023) – The Commission on Science, Innovation and Technology (CSIT) has awarded over $3.6 million to 14 New Jersey startups through its Pilot Clean Tech Demonstration Grant Program. The competitive program supports clean technology businesses that have existing prototypes of their technologies and are ready to validate them in a real-world setting.

The Pilot Clean Tech Demonstration Grant Program provides grants of up to $250,000 to help startups develop their technologies focused on creating a cleaner and greener future for New Jersey. Funding received through the program can be used for testing and validating technological performance at demonstration and/or customer sites.

Funding for the Pilot Clean Tech Demonstration Grant Program is being provided by the New Jersey Board of Public Utilities (NJBPU). The program both helps to meet plans laid out in New Jersey’s Energy Master Plan (EMP) and plants roots for new clean energy innovation in New Jersey. The EMP offers a strategic vision for the production, distribution, consumption, and conservation of energy in the State of New Jersey.

The following startups were awarded funding through the program:

In keeping with CSIT’s mission to support the state’s smallest companies, each of the awardees had fewer than 25 employees at the time of application, with all but three having fewer than 10 employees.

“Fostering opportunities for startups to succeed and impact the marketplace has been our top priority from Day 1,” said CSIT Executive Officer Judith Sheft. “Through the awards announced today, we are getting funding into the hands of entrepreneurs and innovators to further their important work in the clean technology space. We are pleased to collaborate with the New Jersey Economic Development Authority (NJEDA) and the NJBPU on this initiative to help get clean technology in New Jersey to the next step.”

“The clean energy transition is inevitable, and especially in New Jersey, it is exciting to see the continued momentum for clean energy technologies and companies that in turn will grow the industry while helping create a greener future in the Garden State,” said NJEDA Chief Executive Officer Tim Sullivan. “In addition to providing critically necessary funding to startups as they advance their technologies, the Pilot Clean Tech Demonstration Grant Program will also help progress Governor Phil Murphy’s clean energy goal of achieving 100 percent clean energy by 2035.”

Innovation spurring from awardees announced today include a power source that doesn’t require connection to the grid, an indoor farm that uses 80 to 90 percent less water than traditional farming, and next-generation, low-cost and high-performance lithium ion (Li-ion) battery materials and energy storage systems, among many others.

“The broad array of technologies being created by our grantees showcases New Jersey’s growing role as a leader in innovation,” said CSIT Chair Debbie Hart. “We knew that there was a significant need for this funding by startups statewide, given the vast number of our portfolio companies that have some form of prototype. We are pleased to support more than a dozen startups through this program.”

“As we plan for a clean energy future it is vitally important we provide support for startups that can create the technologies to help make the goal of 100 percent clean energy by 2035 a reality,” said NJBPU President Joseph L. Fiordaliso. “Further, connecting clean tech startups with funding needed to validate their technologies is an important step toward creating the green economy that Governor Murphy champions. We look forward to hearing about grantees’ successful testing and validation in the future.”

The Pilot Clean Tech Demonstration Grant Program is the latest in a series of resources available to New Jersey startups growing within the state’s green economy. This program complements other CSIT clean tech-focused programs including the Clean Technology Seed Grant and Clean Tech Research & Development Voucher Programs. The NJEDA also offers funding to support companies as they advance through their lifecycle, including the New Jersey Clean Energy Loans program and the New Jersey Zero-emission Incentive Program.

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.

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. 

###

A meeting of the Commission of Science, Innovation and Technology (CSIT) Board has been scheduled for Friday, July 14, 2023, at 10:00 am.

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

+1 551-220-2262
Conference ID: 343 686 049#

Join Microsoft Teams Meeting

TRENTON, N.J. (June 26, 2023) – The New Jersey Economic Development Authority (NJEDA) is now accepting applications for the Brownfields Redevelopment Incentive Program (BRIP). This $300 million competitive program offers up to $8 million in tax credits per project for environmental investigation, remediation, abatement, and demolition activities to allow for the redevelopment of brownfield sites in New Jersey.

WHAT:            The Brownfields Redevelopment Incentive Program, funded at $300 million, is designed to support remediation costs and incentivize developers of redevelopment projects to carry out cleanup activities at brownfield sites throughout the state, transforming old, vacant, or underutilized contaminated properties into local community assets.

Established by the New Jersey Economic Recovery Act of 2020 (ERA), the BRIP will make a onetime award of up to 60 percent of remediation costs available for eligible brownfield sites depending upon their location, with a maximum award of up to $8 million. The program is designed to work in conjunction with other NJEDA incentives if applicable, including the Aspire tax credit program. Potential applicants should reference product materials like FAQs and the applicant checklist, then send their questions to bftaxcredit@njeda.gov prior to applying. 

WHEN:           Applications will be accepted until 5:00 p.m. on Thursday, September 21, 2023.


Last week, the NJEDA hosted a webinar outlining details of BRIP and the application process. Interested parties, including developers, investors, real estate professionals, attorneys, environmental professionals, and economic development teams, can view a recording of the informational webinar 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.

###

Center Will Help Accelerate Innovation, Research and Development, and Entrepreneurship in NJ’s Offshore Wind Industry

TRENTON, N.J. (June 23, 2023) – Today, June 23, 2023, the New Jersey Economic Development Authority (NJEDA) will issue a Request For Expressions of Interest (RFEI) to identify specific partners, sites, and financial commitments that can contribute to the development of a Wind Innovation Center in New Jersey.

WHAT:            The Wind Innovation Center will help accelerate innovation, research and development, and entrepreneurship in the state’s offshore wind industry. The Center will provide offices, labs, and test sites for its users to conduct research on climate-smart modeling for high performance wind farms; technological solutions for environmental impact assessments; offshore wind transmission and grid integration; and offshore wind component design and production. The RFEI will help NJEDA identify interested parties for the development of the Wind Innovation Center.

WHERE:         The RFEI can be found here.

WHEN:           Responses to the RFEI are due by September 13, 2023 via email to windinstitute@njeda.gov. Questions may be submitted via email no later than August 22, 2023 to windinstitute@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.com and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

###

TRENTON, N.J. (June 21, 2023) – In May, the New Jersey Economic Development Authority (NJEDA) Board approved five grant applications totaling more than $3.7 million under the Authority’s Offshore Wind Workforce and Skills Development Grant Challenge (Grant Challenge). With this funding, recipients will launch innovative training programs focused on strengthening and diversifying the state’s offshore wind workforce, with a particular emphasis on serving Overburdened Communities.

The Grant Challenge is part of NJEDA’s Wind Institute for Innovation and Training’s (the “Wind Institute”) efforts to coordinate and deploy resources to advance offshore wind workforce development, research, and innovation in the state.

“As offshore wind grows in New Jersey, we must have a well-trained and qualified workforce that meets the needs of the industry,” said NJEDA Chief Executive Officer Tim Sullivan. “Under Governor Phil Murphy’s leadership, the NJEDA is committed to ensuring high-quality workforce development training programs are available so that all New Jerseyans, especially those living in minority and low-income communities, have equitable access to this emerging industry. This is another step towards achieving 11GW of offshore wind by 2040 while creating a better future for the next generation.”

The grant recipients will use the funding to provide skill development, workforce training, job placement, and other related services to develop, implement, or expand workforce development initiatives in offshore wind. All programs are either led by or partner with a community-based organization serving a New Jersey overburdened community.  The provision of wraparound services including transportation, career coaching, and other supports is a core component of the awarded programs to expand access and address barriers to entry. The funded training will support the needs identified in an offshore wind workforce assessment, which projected that the offshore wind industry will result in 20,000 new jobs in 2030 across numerous sectors in the state, including construction, manufacturing, and professional services.

The following organizations were approved for grants:

“We look forward to working closely with the grantees to ensure a diverse pool of workers with the skills, competencies and credentials needed to thrive in this growing industry sector. Wind energy is our future. With these grants, we are helping ensure equal opportunities for these sustainable careers are available to all workers in our state,” said New Jersey Department of Labor Commissioner Robert Asaro-Angelo.

“New Jersey’s burgeoning offshore wind industry will not only provide New Jerseyans with new, clean energy to help improve the air we breathe and mitigate the impacts of climate change, but will provide a significant boost to the state’s economy by creating thousands of jobs,” said Joseph L. Fiordaliso, President, New Jersey Board of Public Utilities. “The latest EDA grant awards provide an important step forward for training and skill development so the jobs that are being created in a growing industry can be filled by New Jerseyans.”

“The organizations that were awarded grants clearly demonstrated their ability to develop and implement an effective workforce training program, with an emphasis on serving New Jersey’s overburdened communities,” said NJEDA Vice President of Offshore Wind Jen Becker. “These training programs will provide a pathway to high-skilled, good-paying job opportunities and position individuals for long-term career success.”

Governor Murphy’s economic development plan, “The State of Innovation: Building a Stronger and Fairer NJ Economy,” identifies offshore wind as one of the strategic sectors for accelerating growth in New Jersey’s economy. Offshore wind represents a unique opportunity to meet the State’s clean energy goal of reaching 100 percent clean energy usage by 2035. Funding for the Grant Challenge is allocated under the Offshore Wind Sector Initiatives Memorandum of Understanding between the NJEDA and the New Jersey Board of Public Utilities that was executed in 2021 to support offshore wind workforce development.

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.com and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

###

Includes First Brand New Downtown Trenton Multifamily Construction in Decades

TRENTON, N.J. (June 21, 2023) – A new multifamily development project representing over $73 million in investment in an underserved downtown Trenton neighborhood was approved for support last week by the Board of the New Jersey Economic Development Authority (NJEDA).

Situated on a 1.35-acre site at 150-170 Broad Street in Downtown Trenton on the edge of the city’s Mill Hill neighborhood, next to Mill Hill Park, the project will offer 120 new, energy efficient, one- to three-bedroom housing units.  Of those, 70 will be market rate, 48 will be affordable, and two will be rent-free superintendent’s units. The new, five-story building will preserve iconic elements, such as the façade, of the original Van Sciver Building, currently located at the project site.

Aspire is a place-based economic development program created under the New Jersey Economic Recovery Act of 2020 (ERA), signed by Governor Phil Murphy in January 2021. The Aspire program supports mixed-use, transit-oriented development by providing tax credits to commercial and residential real estate development projects that have financing gaps.

RPM Development is the Lead Development Entity. Services that directly benefit residents of the project will be offered by co-applicant Life Management, Inc. (LMI), a 501(c)3 nonprofit.  The applicants will collaborate to develop a social services plan that best meets the needs of senior, developmentally disabled, and formerly homeless residents. LMI’s services will enable additional staffing support and provide connections to additional relevant resources.

“One of Governor Murphy’s objectives when signing the ERA was to provide high quality, transit-oriented, mixed-use housing options for families at all income levels. This approval demonstrates the ability of the Aspire program to catalyze investment in communities that need it most,” said NJEDA Chief Executive Officer Tim Sullivan. “This new construction project will provide a support system to help residents sustain quality of life in line with the standards for a stronger and fairer economy on which the Aspire program is based, while also helping to preserve the City’s history and reinvigorate the Broad Street business corridor.” 

The proposed residential amenities include a top floor resident lounge, wi-fi connected workstations, laundry rooms, a fitness center, an amenity terrace on the second floor, a roof deck overlooking the historic Assunpink Creek on the fourth floor, electric car charging, bike storage, and two levels of parking with 168 spaces.

Also included is a 7,500-square-foot retail plaza overlooking a creek across from the Mercer County Courthouse. Two smaller commercial spaces will incorporate retail such as a coffee shop, and a larger corner space will be marketed as a restaurant.

“When we created the Aspire Program it was with the intention of facilitating greater investment in our communities, with a focus on creating more affordable housing,” said Senate Majority Leader Ruiz (D-Essex). “This project will do just that, developing both affordable and market rate housing, in addition to retail space. As we face housing shortages and rising rents, projects like this are critical to uplifting our communities and ensuring families have suitable places to live within their budgets.”

“The Aspire Program was specifically designed to breathe life into our underserved cities by supporting the construction of mixed-use and affordable housing developments. The project approved in Trenton will be an economic driver for our State capital, revitalizing the area with commercial spaces and housing options for residents of all income levels,” said Assemblywoman Eliana Pintor Marin, Chair of the Assembly Budget Committee. “At a time when people in New Jersey need access to affordable housing, this is a truly worthwhile investment into the city of Trenton. These transformative redevelopment projects will uplift and benefit the whole community.”

“We’re so thankful to NJEDA for their ongoing collaboration and investment in the Capital City. I know that Trentonians will be excited to hear about the approval of Aspire tax credits for the residential project at the old Van Sciver site, which will help move forward the redevelopment of this historic parcel and community space,” said Trenton Mayor Reed Gusciora.

The project was approved for up to $29.13 million in Aspire tax credits, which represents 45 percent of eligible project costs of $64.75 million. Financing for the project also includes a $10 million loan from the New Jersey Department of Community Affairs, and federal Low Income Housing Tax Credit proceeds in the amount of $20.9 million, provided through the New Jersey Housing and Mortgage Finance Agency.

The amount of Aspire tax credits a project is eligible to receive is a percentage of the project’s eligible costs, subject to a cap that is determined by the project’s location, other financing available, and other aspects of the project. Most projects are eligible for tax credits up to $42 million, but projects that meet specific criteria may receive tax credits up to $60 million. Projects that meet certain parameters can qualify as “transformative projects,” which may receive tax credits up to $350 million.

To be eligible for Aspire program tax credits, a project must be located in an eligible incentive location, which may include: Planning Area 1, Aviation District, Port District, or Planning Area 2 or other Designated Center that is within a half mile of a rail transit station or a high frequency bus stop. Film production projects may be located anywhere in the State.

Projects must also meet minimum size and cost thresholds. Notably, program rules also include requirements to ensure that communities where projects are located benefit from the economic growth the project generates. Additionally, projects with an eligible project cost equaling or exceeding $10 million must also enter into a Community Benefits Agreement with the Authority and municipality or county in which the project is located.

In line with Governor Murphy and the NJEDA’s commitment to fiscal responsibility and transparency, the Aspire program rules include provisions, such as a gap financing review, excess revenue sharing requirements, and a net positive economic benefit test for most projects, to ensure tax credits are awarded responsibly.

The Aspire program application, as well as complete rules, eligibility requirements, award sizes, and other information, are available at https://www.njeda.com/aspire.

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.
###

Update (June 29, 2023): The deadline to respond to this RFI has been extended to July 24th, 2023 at 5:00 p.m. EDT.

TRENTON, N.J. (June 13, 2023) – The New Jersey Economic Development Authority (NJEDA) yesterday issued a Request for Information (RFI) seeking insight from qualified stakeholders on opportunities to accelerate building decarbonization within the commercial building sector. The information gathered through the RFI will guide the development of programs to reduce harmful emissions from New Jersey’s building sector; the second highest source of overall greenhouse gas emissions in the state. The RFI can be found at https://www.njeda.gov/bidding/#OET with responses due by July 6.


WHAT: The NJEDA is exploring the creation of programs, especially around project financing, to reduce greenhouse gas emissions from existing and new commercial, industrial, and institutional buildings within the state. The RFI issued yesterday will ensure the Authority has a better understanding of key opportunities and barriers of building decarbonization, as well as specific partnerships, funding, programs, and other resources needed to support the acceleration of decarbonization efforts. Building decarbonization efforts include, but are not limited to, energy efficiency improvements, on-site renewable energy generation, and the reduction of operational emissions via fuel switching or beneficial electrification.

Commercial buildings alone account for 10 percent of total greenhouse gas emissions in New Jersey, emphasizing the critical need of robust building decarbonization efforts in reducing overall statewide emissions. In line with Governor Phil Murphy’s vision to bolster New Jersey’s clean energy economy and reduce dependance on harmful pollutants, the RFI is an important step in the continuation of the NJEDA’s efforts to support the state’s innovative clean energy industries and further the Governor’s goal of reducing statewide greenhouse gas emissions to 80 percent below 2006 levels by 2050.

WHO: Respondents do not need to be located within the State of New Jersey to provide input. The RFI seeks responses from qualified entities, organizations, and individuals in commercial building decarbonization efforts. This includes, but is not limited to:

  • Commercial building owners and property developers of all development models and sizes, including those with single buildings or larger portfolios
  • Financial institutions involved in real estate transactions and construction financing
  • Building management, maintenance, and operations personnel
  • Building construction businesses and workers, including, but not limited to, industry associations, chambers of commerce, and unions
  • Other businesses and associated trade groups (restaurants, manufacturers, retailers, grocers, etc.)
  • Building design professionals (engineers, architects, planners, modelers, etc.), especially those with experience in green buildings, energy management, and building decarbonization approaches
  • Subject matter experts and entities with expertise on green building technologies and best practices, including research institutions
  • Manufacturers and installers for electric heating and cooling systems (including heat pumps and variable refrigerant flow systems) and other electric appliances
  • Energy efficiency, building envelope, and related contractors
  • Utility providers and operators
  • Environmental and other public policy-focused organizations
  • Organizations representing Environmental Justice communities (together with individual representatives of these communities)
  • And Jurisdictional and regulatory representatives (from New Jersey, all other states and territories, and international sources)


HOW TO RESPOND: All questions concerning this RFI must be submitted in writing no later than 5:00 p.m. EDT on June 19, 2023, via e-mail to buildingdecarbRFI@njeda.gov. The subject line of the e-mail should state: Questions-2023-RFI-180. Answers to questions submitted will be publicly posted on the Authority’s website on or about June 26, 2023, at https://www.njeda.gov/bidding/#OET as Addendum.

All RFI responses must be submitted in writing no later than 5:00 PM EDT on July 6, 2023, via e-mail to: buildingdecarbRFI@njeda.gov. The subject line of the e-mail should state: RFI Response-2023-RFI-180.

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.

###

lease be advised that the next Capital City Redevelopment Corporation Board Meeting will be held in person and via teleconference on Tuesday, June 20, 2023, at 11:00 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:

NJEDA Board Room

36 West State Street, Trenton, NJ 08625

TELECONFERENCE:

CONFERENCE NAME:                                CCRC BOARD MEETING

PARTICIPANT DIAL-IN NUMBER:              551-220-2262

PARTICIPANT ACCESS CODE:                    247 210 404#

The agenda can be found 48 hours prior to the meeting at our website: www.njeda.gov/ccrc.

Pilot Program Designed to Increase Foot Traffic and Catalytic Development in Municipalities Impacted by COVID

TRENTON, N.J. (June 8, 2023) The New Jersey Economic Development Authority (NJEDA) has opened the application for the Activation, Revitalization, and Transformation (ART) Program, which is a one-time grant opportunity for projects in urban areas with mass transit that have faced economic disruption due to the reduction of commuter foot traffic following the COVID-19 pandemic. The first round of funding made available under the ART Program is for projects in Atlantic City and Newark. Applications are due Tuesday, August 22nd at 5:00 p.m. EDT.

Funded at $10 million through the American Rescue Plan, the ART pilot program aims to mitigate the economic impact of the coronavirus pandemic through the creation of two programs, one for Real Estate Rehabilitation and Development projects and one for arts-based initiatives aimed at engaging public audiences and local communities.

A virtual information session, including a walk-through of the application process, will be held on June 14th, 2023 at 1:00 p.m. register here.

The NJEDA will host in-person events in Atlantic City and Newark in the upcoming weeks to provide opportunities for potential applicants and other stakeholders to learn more about the ART Program. For additional information about the ART Program, click here. 

About the NJEDA

The 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 and via teleconference on Wednesday, June 14, 2023, at 10:00 am.

IN PERSON:

Fort Monmouth Economic Revitalization Authority (FMERA)

502 Brewer Avenue
Oceanport, NJ 07757

TELECONFERENCE:

CONFERENCE NAME:                                NJEDA BOARD MEETING

PARTICIPANT DIAL-IN NUMBER:              877-692-8955

PARTICIPANT ACCESS CODE:                    4204420

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.