NJ RISE Program
The NJEDA is now accepting applications for the NJ RISE Program. Please click the APPLY HERE button on the right to access the application.
New Jersey Re-assigning In State Employees (NJ RISE) is a new program to incentivize businesses to re-assign New Jersey residents who are working in another state to a New Jersey location. The $10 million NJ RISE Program will provide grants to companies to relocate its New Jersey-resident employees, ensuring a residents’ income taxes stay in New Jersey, which will help increase tax revenue.
DOLLAR AMOUNT
The value of all grants to the business under the program shall not exceeded $500,000 per EIN.
BENEFITS
This program will help bring New Jerseyans tax dollars back to our state and fund critical priorities that will make New Jersey a stronger, fairer place to call home.
ELIGIBILITY
Business principally located in another state that uses convenience of the employer income taxation rule such as Delaware, Nebraska, and New York.
- The business has 25 or more U.S. Full-Time Employees
- The business must submit a completed application to the EDA on or before July 1, 2028
- A Business Principally Located In Another State that uses convenience of the employer income taxation rule such as Delaware, Nebraska, and New York
- Must be in substantial good standing with the New Jersey Department of Labor and Workforce Development (LWD) and the New Jersey Department of Environmental Protections (DEP)
- Re-assigned Employees may include Full-Time and part-time Employees but not independent contractors or individuals working on a consulting basis for the business
- A current tax clearance will need to be provided at application and maintained through disbursement to demonstrate the applicant is properly registered to do business in New Jersey and in substantial good standing with the New Jersey Division of Taxation
Please be advised: New Jersey State law prohibits most cannabis license and certification holders from receiving or continuing to receive an economic incentive from the NJEDA. If the applicant, or any person who controls the applicant or owns or controls more than one percent of the stock of the applicant, has applied for or received a license or a certification from the New Jersey Cannabis Regulatory Commission (NJ-CRC), the applicant is ineligible for this program and should not proceed with an application. If an application is received from an applicant that meets this criteria, the application will be declined and the application fee will not be refunded.
PROGRAM GUIDE
QUESTIONS
For more information or to ask a specific question please send an email to njrise@njeda.gov and a team member will reach out to you.