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Strategic Industry Support

WHY CHOOSE NEW JERSEY

UNBEATABLE
LOCATION

Located in the heart of the densely populated, transit-connected Northeast Corridor and be right next to NYC and Philadelphia

21st CENTURY INNOVATION ECONOMY

Join 15 of the leading Fortune 500

UNMATCHED, DIVERSE TALENT

Access to the highest concentration of scientists and engineers in the U.S.

A PLACE FOR EVERY EMPLOYEE

Offer employees access to the #1 ranked pre-k- 12 education system in the nation.


STRATEGIC SECTOR SUPPORT

Launched in support of Governor Murphy’s 2018 Economic Development Plan: The State of Innovation: Building a Stronger and Fairer Economy in New Jersey, NJEDA’s Strategic Sector efforts aim to accelerate the growth of New Jersey’s economy by developing and implementing programs that enhance the State’s long-term economic competitiveness in eight strategic sectors.

NJEDA  works in partnership with industry leaders, academic institutions, and government agencies to provide a coordinated approach to sector-based growth. We leverage New Jersey’s existing assets and implement programs to increase economic opportunities and create jobs.

We focus on expanding our State’s competitive strengths driving long-term growth and reclaiming New Jersey’s position as a center of invention and innovation.


The Office of International Innovation and Partnerships

In line with Governor Murphy’s strategic vision for a stronger and fairer New Jersey economy, the NJEDA’s Office of International Innovation and Partnerships coordinates with global entities, including business, academia, government officials and organizations to build economic relations, investment opportunities, and agreements from abroad with NJEDA. 

Fifth in the nation for total imports and exports, New Jersey’s economy benefits greatly from continued strategic international investment. With the NJEDA’s goals of financing, investment, and job creation in mind, the NJEDA develops international attraction products that support the growth of international businesses from key markets within New Jersey. 

Operating within the Office of the Chief of Staff, the International Innovation department acts as a coordinator for international activities across the organization and works closely with the Office of Economic Transformation. It capitalizes on New Jersey’s key role and location to drive economic growth from sources originating outside the United States. Additionally, this team liaises with other New Jersey State offices and statewide entities to provide guidance and support around these types of economic engagements. 

Whether you are an early-stage startup or global enterprise, New Jersey is a place where your innovation can get started, get established, and grow. Contact Andrew.Gross@njeda.gov for more information.

NJEDA innovation economy Programs

AI Innovation Challenge Administration Grant Program
Angel Investor Tax Credit Program
Angel Match Program
Bond Financing
Brownfields Redevelopment Incentive​ Program
Direct Loans
Emerge Program
Garden State C-PACE
Life Sciences/Healthcare Fund
New Jersey Clean Energy Loans: NJ CELs
New Jersey Innovation Fellows Program
Next New Jersey Manufacturing Program
NJ Accelerate
NJ Cool
NJ Entrepreneur Support
NJ Founders & Funders
NJ Innovation Evergreen Fund​
NJ ZIP
Premier Lender Program
Salem County Energy Sales Tax Exemption
Small Business Bonding Readiness Assistance Program
Small Business Fund
Small Business Improvement Grant
Small Business Lease Grant
Technology Business Tax Certificate Transfer (NOL) Program
Urban Enterprise Zone (UEZ) Manufacturers Energy Sales Tax Exemption
Venture Fund Investments


STRATEGIC SECTORS

Our work focuses on nine strategic sectors that will drive significant growth in jobs & investment over the next five to fifteen years. These sectors were identified in the Governor’s Economic Development Plan:

Angel and VC Investments

Access to capital is pivotal to the growth of emerging New Jersey innovation-focused companies. Garden State businesses continue to attract the capital they need to grow. Below is a summary roundup by month of the many of the companies that have received investments, as well as a roundup by month of many mergers and acquisitions. Click on each company’s name to learn more.

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EMAIL NJINVESTMENTS@NJEDA.COM TO SEND US INVESTMENTS YOU WOULD LIKE TO SEE HIGHLIGHTED.

In July 2021, NJEDA approved policy guidance for utilizing recently appropriated funds to undertake development of or investment in strategic innovation centers.

Strategic Innovation Centers are facilities that either directly support research and development (R&D), innovation, or entrepreneurship or are aimed at solving specific problems in new and innovative ways through a combination of services such as mentorship, networking opportunities, hands-on training, business support services, education opportunities, and/or access to testing, fabrication, or manufacturing facilities and equipment.

The aim of funding strategic innovation centers is to accelerate economic recovery and drive the long-term growth of the State’s innovation economy.

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GOLDEN SEEDS

Governor Phil Murphy’s comprehensive plan for building a stronger and fairer economy in New Jersey includes a goal of creating the most diverse innovation ecosystem in the nation and doubling venture capital in the state. Furthermore, the Governor’s plan calls for closing the racial and gender wage and employment gaps. One means of closing wage and employment gaps is to close the funding gap for female-led startups. 

In support of this goal, the NJEDA has worked with First Lady Tammy Murphy to organize a New Jersey chapter of Golden Seeds to focus on New Jersey women-led businesses. Here is the First Lady’s discussion on the benefits of supporting female entrepreneurs.

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NEW JERSEY COMMISSION ON SCIENCE AND TECHNOLOGY

In August 2018, Governor Murphy signed legislation re-establishing the former New Jersey Commission on Science and Technology as the New Jersey Commission on Science, Innovation and Technology. The Commission is tasked with leading the way in promoting the state as a home for academic and technological research, development, and commercialization. The Commission is comprised of 17 members including the State’s Chief Innovation Officer, the Secretary of Higher Education; the Commissioner of Education; and the CEO of the NJEDA.

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INDUSTRY ENGAGEMENT – REQUEST FOR INFORMATION

New Jersey Economic Development Authority

REQUEST FOR INFORMATION

2025-RFI-264 for Emerging Developers Program-Program Redesign and Expansion

264 – Addendum #1

264 – Addendum #2

The New Jersey Economic Development Authority (“Authority,” “NJEDA,” or “EDA”), is an independent Authority of the State of New Jersey (“State”) and is seeking information from stakeholders on the redesign and potential relaunch of the Emerging Developers Grant Program (“Program”). Originally launched in 2024, the program provided pre-development grants to smallscale non-profit and for-profit developers across New Jersey. This RFI seeks to gather insights from qualified entities (“Respondents”) on how to improve program design, broaden eligibility, and better support emerging developers- particularly those operating in underserved communities. NJEDA is interested in hearing from applicants from the original Emerging Developers Grant Program, Community Development Finance Institutions, community development lending units of medium and large banks, other mission-based lenders, community development organizations that work closely with MWDE developers, state and local government entities, and other stakeholders with perspectives on structural barriers in terms of access to capital. The NJEDA also seeks interest and ideas on solutions to address those obstacles, including but not limited to, existing programs that address the disparities in financing available for residential and commercial development. The NJEDA is interested in receiving comments, questions, recommendations, facts, information, ideas, and responses that will help the NJEDA better understand the scope and characteristics of access to capital and other forms of financing available to underserved real estate developers

The New Jersey Economic Development Authority serves as the State’s principal agency for driving economic growth. The Authority 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 Authority 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.

The Emerging Developers Grant Program was created to address the funding gap faced by smallscale developers in accessing early-stage capital. The program offered grants of up to $250,000 for pre-development soft costs such as architectural, legal, and insurance expenses.

This RFI is part of NJEDA’s effort to refine the program to better serve emerging developers and ensure efficient, equitable deployment of public funds.

In The State of Innovation, Building a Stronger and Fairer Economy in New Jersey, the State’s comprehensive Economic Development Plan released in October 2018, Governor Murphy reiterated the importance of supporting the small business community in New Jersey, which employs more than 50% of New Jersey residents. Two of the five explicit goals of the plan are “Closing the racial and gender wage gaps and Encouraging thriving and inclusive New Jersey urban centers and downtowns, with a focus on reducing poverty.” Governor Murphy’s plan also committed to a New Jersey future that supports all the State’s businesses, specifically calling out the importance of ensuring that underserved businesses have enhanced access to the capital, programs, and networks that they need to successfully start and scale their businesses. Understanding the importance of addressing the existing barriers to create a stronger and fairer economy, NJEDA will continue to engage and connect with other state entities to determine additional resources that may be utilized in reducing the necessary capital needed to acquire/rehabilitate proposed project(s), including:

  • New Jersey Housing and Mortgage Finance Agency (“NJHMFA”), which provides financing, and access to affordable rental housing and homeownership opportunities for low and moderate-income families, older adults, and individuals with specialized housing needs;
  • The New Jersey Redevelopment Authority (“NJRA”), which operates as a catalyst to improve the quality of life by creating value in New Jersey’s urban communities; and
  • The Department of Community Affairs (“DCA”), which aims to provide administrative guidance, financial support and technical assistance to local governments, community development organizations, businesses and individuals to improve the quality of life in New Jersey.

This section is not applicable to this RFI.

Please answer all questions below that are relevant to you or your organization, to the best of your ability. You can but need not answer any question that does not pertain to you or your organization. Feel free to structure your response and add information beyond these questions to increase clarity and efficiency. Answers to these questions are understood to be preliminary and non-binding.

  1. How can NJEDA broaden eligibility while maintaining focus on emerging developers?
  2. How can developers align this program’s support with other state resources to complement rather than duplicate efforts?
  3. What types of technical assistance or partnerships with NJHMFA, NJRA, DCA or Community Development Financial Institutions Fund’s (“CDFI”) would enhance program impact?
  4. What kinds of non-financial support (mentorship, networking, procurement opportunities, legal/technical training) would most benefit underrepresented developers to increase long-term success?
  5. What are the most critical pre-development costs that should be covered?
  6. Are there successful models in other states or cities that NJEDA should consider? Are there mentorship or peer-learning models (locally or nationally) that successfully connect first-time/underrepresented developers with experienced developers?
  7. How can the program better achieve its goals of supporting small-scale developers and fostering economic growth and equity?
  8. What metrics should NJEDA use to evaluate program success?
  9. Should the program allow increased flexibility with the eligibility requirements to increase the number of staff and projects, ensuring a wider group of applicants with varying levels of experience?
  10. Which types of projects should be eligible (Please circle as many as you wish)?
    a. Market rate residential or commercial
    b. Affordable Housing
    c. Acquisition of Existing Asset
    d. Community facility
    e. Other
  11. Are there existing lending programs that this fund should be leveraged with?
  12. Are there existing partners, such as CDFIs and Minority Depository Institution (MDIs”), that the fund should collaborate with to ensure applicants receive assistance throughout the project?
  13. What is your experience with, and understanding of, the real estate development environment, both private and public, specifically in New Jersey?
  14. Please include prior experience related to real estate development, inclusive of residential and commercial properties.
  15. How can NJEDA ensure equitable outreach so that minority- and women-owned developers, veteran-owned developers, and those in historically disinvested communities are aware of and can access this program?

All questions concerning this RFI must be submitted in writing no later than October 28, 2025, via e-mail to: EmergingDevelopersRFI@njeda.gov.

The subject line of the e-mail should state: “QUESTIONS-”2025-264-RFI- Emerging Developers Program-Program Redesign and Expansion”

Answers to questions submitted will be publicly posted on the Authority’s website under the RFIs section, on or about November 4, 2025.

IT IS THE RESPONDENT’S RESPONSIBILITY TO CHECK THIS URL REGULARLY FOR UPDATES.

All RFI responses must be submitted in writing no later than November 18, 2025, via e-mail to: EmergingDevelopersRFI@njeda.gov.

The subject line of the e-mail should state: 2025-264-RFI- Emerging Developers Program-Program Redesign and Expansion

Respondents may be asked to provide additional information to allow the Authority to better understand the responses.

The Authority reserves the right to copy any information provided by the Respondents. The Authority reserves the right to use ideas that are provided by or through Respondents. By submitting a Response, the Respondent represents that such copying or use of information will not violate any copyrights, licenses, or other agreements with respect to information submitted or product solutions demonstrated, if applicable. Responses must clearly be marked for any information the Respondent deems Proprietary and/or Confidential.

This RFI is not a request for qualification/proposal. It will not result in a contract award. It may or may not result in any further action.

This RFI is issued solely as a means of gathering information. Interested parties responding to this RFI do so at their own expense. There will be no monetary compensation from the Authority for the time and effort spent in preparing the response to this RFI. All expenses incurred are the sole responsibility of the Respondent.

Should the Authority decide to move forward and issue an RFQ/P or announce a program/product related to this RFI, Respondents need not have submitted a response to this RFI in order to be eligible to respond to the RFQ/P. Should an RFQ/P be issued, responding to this RFI will not affect scoring or consideration for that process.

The Authority is under no obligation to contact Respondents to this RFI.

Respondents should be aware that responses to this RFI are subject to the “New Jersey Open Public Records Act” (N.J.S.A. 47:1A-1 et seq.), as amended and including all applicable regulations and policies and applicable case law, including the New Jersey Right-to-Know law. All information submitted in response to the RFI is considered public information, notwithstanding any disclaimers to the contrary, except as may be exempted from public disclosure by OPRA and the common law.

A person or entity submitting a response to this RFI may designate specific information as not subject to disclosure pursuant to the exceptions to OPRA found at N.J.S.A. 47:1A-1.1, when such person or entity has a good faith legal and/or factual basis for such assertion (i.e. information that may be included in another ongoing public procurement or solicitation). The Authority reserves the right to make the determination as to what is proprietary or confidential and will advise the person or entity accordingly. The Authority will not honor any attempt to designate the entirety of a submission as proprietary, confidential and/or to claim copyright protection for the entire proposal. In the event it receives an OPRA request that encompasses the response, the Authority will redact any information that is not subject to OPRA, including proprietary and/or confidential information. In the event of any challenge to the Respondent’s assertion of confidentiality with which the Authority does not concur, the Respondent shall be solely responsible for defending its designation.

BUILD BACK BETTER REGIONAL CHALLENGE

On September 16, 2021 Governor Phil Murphy and NJEDA announced the NJEDA’s participation in four regional coalitions preparing applications for the U.S. Economic Development Authority’s Build Back Better Regional Challenge. The Challenge is a federal grant program to help communities adopt and implement transformational, industry-based economic development strategies that strengthen economic diversity and resiliency in the wake of the COVID-19 pandemic. Applications must be centered around developing or growing a regional industry cluster, with a long-term transformational vision and a plan for execution. Applicants for the Challenge act as a regional coalition with one lead entity per application.  The four coalitions that NJEDA has joined focus on regional industry clusters that are part of Governor Murphy’s Stronger and Fairer Economic Plan, including biomanufacturing, clean energy, aviation, and smart ports.

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RELATED EVENTS

There are currently no scheduled events at this time. Please check back soon for updated information.

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Press Room

OUR LEADERSHIP TEAM

Kathleen Coviello

Chief Economic Transformation Officer

kcoviello@njeda.com
609-743-0097

Paul Ceppi

EVP
Manufacturing- Incentives & Tax Credits and Corporate Engagement

paul.ceppi@njeda.gov
609-858-6863

Ram Akella

EVP
Innovation Impact

ram.akella@njeda.gov
609-462-8792

Jen Becker

EVP
Clean Energy and Workforce Innovation Partnerships

jen.becker@njeda.gov
609-256-0837

Andrew H Gross

Director of International Innovation and Partnerships

Andrew.Gross@njeda.gov
862-872-3197


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