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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.
LEARN MORE

NJEDA FINANCING AND INCENTIVE PROGRAMS

Activation, Revitalization, and Transformation (A.R.T.) Program – Phase II
Angel Investor Tax Credit Program
Angel Match Program
Aspire Program (NEW)
Bond Financing
Brownfields Redevelopment Incentive​ Program
Cannabis Joint Equity Grant Program
Cannabis Seed Equity Grant Program
Child Care Facilities Improvement Program
Child Care Facilities Improvement Program Phase 2
Direct Loans
Emerge Program (NEW)
Emerging Developers
Film and Digital Media Tax Credit Program
Food Desert Relief Supermarket Tax Credit Program
Food Desert Relief Tax Credit Auction
Food Retail Innovation in Delivery Grant (FRIDG)
Green Workforce Training Grant
Historic Property Reinvestment Program (NEW)
Historic Property Survey Grant Program
Local Property Acquisition Grant Program
Main Street Acquisition Support Grant
Main Street Lenders Grant
New Jersey Asset Activation Planning Grant
New Jersey Clean Energy Loans: NJ CELs
New Jersey Innovation Fellows Program
New Jersey Manufacturing Voucher Program Phase 2
New Jersey Manufacturing Voucher Program Phase 3
Next New Jersey Program – AI
NJ Cool
NJ Entrepreneur Support
NJ Innovation Evergreen Fund​ (NEW)
NJ RISE Program
Offshore Wind Applied Research Administration Grant
Personal Protective Equipment (“PPE”) Manufacturing Tax Credit
Premier Lender Program
Real Estate Gap Financing Grant 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
Small Business Liquor License Grant
Technology Business Tax Certificate Transfer (NOL) Program
Urban Enterprise Zone (UEZ) Manufacturers Energy Sales Tax Exemption
Urban Investment Fund Grant Program
Wineries and Vineyards

Success Stories

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