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NJ RISE Program


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.


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DOLLAR AMOUNT


The value of all grants to the business under the program shall not exceeded $500,000 per EIN.



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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.


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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

BOARD MEMORANDUM At A glance instructions for obtaining tax clearance certificate Frequently asked questions additional resources


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.

Please be aware that construction activities under the NJ RISE Program are subject to New Jersey Contractor Registration, prevailing wage, and affirmative action requirements. 

Projects utilizing financial assistance for construction related costs that total $2,000 or more are subject to state prevailing wage requirements. During the eligibility period, each worker shall be paid not less than the prevailing wage rate for the worker’s craft or trade, as determined by the Commissioner of the Department of Labor and Workforce Development pursuant to P.L. 1963, c. 150 (N.J.S.A. 34:11-56.25 et seq.) and P.L.2005, c. 379 (N.J.S.A. 34:11-56.58 et seq.). 

Effective April 1, 2020, contractors and subcontractors for construction contracts that require payment of prevailing wage must provide proof of registration under the Public Works Contractor Registration Act (N.J.S.A. 34:11-56.48 et seq.) The Act does not require proof of registration for such contracts that were awarded prior to April 1, 2020. Information regarding this Act can be found on the NJ Department of Labor’s Website.  For projects receiving financial assistance, any contractor or subcontractor hired for construction work and having a total company workforce of four (4) or more employees must provide documentation demonstrating their good faith efforts to employ minority and women workers in each construction trade. This effort should be consistent with the applicable county employment goals established in accordance with N.J.A.C. 17:27-7.2 and align with the affirmative action requirements outlined in N.J.A.C. 19:30-3.5.