NJEDA to Host a Webinar on Phase 2 of the NJ Zero-Emission Incentive Program
Webinar will Showcase Recipients from NJ ZIP’s First Phase to Share Insights and Experiences
TRENTON, N.J. (January 25, 2023) – The New Jersey Economic Development Authority (NJEDA) will host a webinar to provide small business owners in New Jersey with details of the expanded New Jersey Zero-Emission Incentive Program (NJ ZIP) on Thursday, February 2. Several small business owners who are Phase 1 recipients of the program will share their testimonials and experiences.
In line with Governor Phil Murphy’s vision to use 100 percent clean energy statewide by 2050, NJ ZIP aims to accelerate the adoption and use of zero-emission vehicles across the state, reduce overall pollutants, and help institutions and businesses go green. More than $39 million in vouchers has been approved through Phase 1 of the program. Those who benefited from the vouchers will discuss the impact on their organizations and take questions from prospective applicants. Learn more about NJZIP here.
The NJEDA announced the $45 million expansion of the program in July 2022, which includes two important additions – statewide eligibility and purchase of heavy-duty in addition to medium-duty vehicles. The program first launched in 2021 as a pilot program available only to businesses in the greater Newark and Camden areas, and subsequently expanded to the greater New Brunswick and greater Jersey Shore areas. Phase 1 of the program only supported medium-duty vehicles.
Purchasers will be able to apply for vouchers ranging from $20,000 to $175,000, based on vehicle class, to support their purchases of medium- and heavy-duty vehicles that meet zero-emission standards. Additional bonuses are available. The application for Phase 2 of NJ ZIP is expected to launch in the coming weeks.
Complete program eligibility and details can be found at http://www.njeda.gov/njzip.
The webinar is scheduled 12:00 p.m. to 1:00 p.m. on February 2. Those interested can find out more about the program and register for the webinar at https://www.njeda.gov/event/nj-zip-purchaser-application-overview/. A recorded version of the information session will be posted at http://www.njeda.gov/njzip following the event.
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.
November 28, 2023
NJEDA Opens the NJ Capital Access Fund
TRENTON, N.J. (November 28, 2023) – The New Jersey Economic Development Authority (NJEDA) today announced the opening of the NJ Capital Access Fund.
November 21, 2023
NJEDA’s $4M Innovative E-Commerce Program has Helped over 150 Small Businesses Expand Online Presence
TRENTON, N.J. (November 21, 2023) – Earlier this year, the New Jersey Economic Development Authority (NJEDA) launched a new $4 million pilot program that provides free e-commerce and digital marketing consulting services to New Jersey small businesses.
November 21, 2023
NJEDA Board Approves Program to Expand Access to Capital for Emerging Developers
TRENTON, N.J. (November 21, 2023) – Last week, the New Jersey Economic Development Authority (NJEDA) Board approved a new $20 million pilot program to support rising real estate developers.