December 7, 2023
NOTICE OF NJEDA BOARD MEETING – 12/14/2023
The New Jersey Economic Development Authority’s next public Board Meeting will be held in person and via teleconference on Thursday, December 14, 2023, at 10:00 am.
Read More >Financing and incentives
Programs to provide businesses with low-interest financing through bonds, loan participations, loan guarantees, and variable or fixed-rate loans.
Financing and incentives
The NJEDA has a long history of supporting businesses of all sizes to grow and invest in New Jersey. We offer a broad portfolio of economic development tools such as: jobs-based tax credits, real estate and development tax credits, community development programs, main street technical assistance, innovation economy programs, clean energy programs, and low-interest business financing (including bonds, loan participations, loan guarantees and variable/fixed-rate loans). Click the programs below to learn more.
NEw Jersey Economic Recovery Act
Governor Phil Murphy signed the New Jersey Economic Recovery Act of 2020 (ERA) into law on January 7, 2021. The ERA creates a package of tax incentive, financing, and grant programs that will address the ongoing economic impacts of the COVID-19 pandemic and build a stronger, fairer New Jersey economy.
Programs outlined in the law include:
- Tax credits to incentivize job creation and capital investment;
- Investment tools to support and strengthen New Jersey’s innovation economy;
- Tax credits to strengthen New Jersey’s communities including revitalization of brownfields and preservation of historic properties;
- Financial resources for small businesses, including those impacted by the COVID-19 pandemic;
- Support for new supermarkets and healthy food retailers in food desert communities;
- Additional tax credits for film and digital media.
NJEDA FINANCING AND INCENTIVE PROGRAMS
Activation, Revitalization, and Transformation (ART) Program
Angel Match Program
Aspire Program (NEW)
Atlantic City Food Security Grants Pilot Program
Bond Financing
Brownfield Redevelopment Incentive (NEW)
Cannabis Joint Equity Grant Program
Cannabis Seed Equity Grant Program
Child Care Facilities Improvement Program
Commuter and Transit Bus Private Carrier Pandemic Relief and Jobs Program
Construction Inflation Fund
Direct Loans
Emerge Program (NEW)
Film & Digital Media Studio Infrastructure Program
Film and Digital Media Tax Credit Program
Food Desert Relief Tax Credit Auction (CLOSED)
Food Desert Relief Tax Credit Program
Food Retail Innovation in Delivery Grant (FRIDG)
Historic Property Reinvestment Program (NEW)
Historic Property Survey Grant Program
Local Property Acquisition Grant Program
Main Street Lenders Grant
Main Street Micro Business Loan
New Jersey Asset Activation Planning Grant
New Jersey Clean Energy Loans: NJ CELs
New Jersey Indoor (NJ) Amusement Park Grant Program
New Jersey Innovation Fellows Program
New Jersey Manufacturing Voucher Program
NJ Cool
NJ Entrepreneur Support
NJ Innovation Evergreen Fund (NEW)
Personal Protective Equipment (“PPE”) Manufacturing Tax Credit
Premier Lender Program
Recovery Loan Loss Reserve Fund
Salem County Energy Sales Tax Exemption
Sales and Use Tax Exemption Program
Small Business Bonding Readiness Assistance Program
Small Business E-Commerce Support Program
Small Business Fund
Small Business Improvement Grant
Small Business Lease Grant
Urban Enterprise Zone (UEZ) Manufacturers Energy Sales Tax Exemption
Wineries and Vineyards
Success Stories
Related news
December 5, 2023
NJEDA Releases Revised Film and Digital Media Tax Credit Program Rules for Public Feedback
TRENTON, N.J. (December 5, 2023) – The New Jersey Economic Development Authority (NJEDA) is seeking public input on a revised set of rules for the Film and Digital Media Tax Credit Program.
Read More >December 1, 2023
NJEDA Issues Request for Expressions of Interest for New Jersey Green Fund Financial Support
TRENTON, N.J. (December 1, 2023) –The New Jersey Economic Development Authority (NJEDA) has issued a Request for Expressions of interest (“RFEI”) to identify specific sites, projects, or assets that are interested in financial support from its planned New Jersey Green Fund (“NJGF”).
Read More >
