NJEDA to Open Applications for Manufacturing Voucher Program Phase III

TRENTON, N.J. (February 11, 2025) – The New Jersey Economic Development Authority (NJEDA) will open applications for the Manufacturing Voucher Program (MVP) Phase III on Wednesday, February 19, 2025 at 10:00 a.m. The program will allow manufacturers to purchase and install equipment to help enhance company efficiency and productivity.

WHAT:          MVP Phase III will provide vouchers valued at 30 to 50 percent of the cost of eligible equipment, including installation, up to a maximum award amount of $250,000. This program will provide New Jersey manufacturers with access to essential equipment, which will enhance efficiency, productivity, and overall profitability in New Jersey.

WHO:             To ensure equitable access to funding, Phase III applications will be prioritized for new applicants who have not previously been awarded grants under Phase I or Phase II during the initial two-week application period. Following this period, all eligible businesses will have the opportunity to apply for funding, subject to available resources.

WHEN:          Applications for MVP will open on Wednesday, February 19, 2025 at 10:00 a.m. To apply and for more information, click 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.

###