General

Emerge Program: The program provides per-job tax credits to projects that invest private capital into the state and create new good-paying jobs (or retain a large number of good-paying jobs).

Film & Digital Media Studio Infrastructure Program: A grant program that will provide funding for infrastructure improvements and site work to support the development of a film or digital media studio production facility. The program has a budget of $9.5 million and is open to municipalities, municipal entities, counties, county entities, and/or State instrumentalities.

Film and Digital Media Tax Credit Program: Provides a transferable credit against the corporation business tax and the gross income tax for qualified expenses incurred for the production of certain film and digital media content in New Jersey. 

Food Retail Innovation in Delivery Grant (FRIDG): Provides funding to food retailers to purchase self-contained, temperature-controlled lockers for food storage and delivery within designated Food Desert Communities (FDCs). The grant will cover between 30% and 50% of the total project cost, up to $250,000. The use of refrigerated lockers will help increase the availability of nutritious food and assist food retailers in adapting to new business models. The program will also enable FDC residents to order groceries online and have them delivered to a convenient central location without having to travel long distances.

Food Security Planning Grant Program: Awards grants ranging between $75,000 to $125,000 to municipal governments, county governments, and/or redevelopment agencies to improve food access and food security. 

Hazardous Discharge Site Remediation Fund (HDSRF): Provides businesses, individuals, or municipalities in New Jersey who are responsible for remediating and cleaning up contaminated and underutilized sites with the opportunity to secure financing through loans and grants. The HDSRF is administered through a partnership between the New Jersey Department of Environmental Protection and the NJEDA, with the DEP evaluating preliminary eligibility requirements, technical merits, and project costs, and the NJEDA determining grant and loan eligibility and awarding funding.

Historic Property Reinvestment Program: A $50 million competitive tax credit program to leverage the federal historic tax credit program to support rehabilitation projects of identified historic properties.

 Property Survey Grant Program: Provides grants of up to $125,000 for the preparation of Historic Property Surveys throughout New Jersey that include properties located within a Government Restricted Municipality or that would be considered distressed assets. The program aims to increase the understanding of existing historic resources throughout the state as a planning tool for future comprehensive economic development planning within the state.

New Jersey Asset Activation Planning Grant: Offers grants of up to $50,000 to public, private, or non-profit organizations for early-stage planning and analysis of projects that activate under-utilized public assets. Proposals should aim to demonstrate how the development or use of a public asset will benefit the community and the regional economy, and target vacant or under-utilized land, buildings, or infrastructure owned by a public body. Plans should also connect to the State’s development objectives, including creating new business sectors, driving economic growth, and improving land use efficiency and sustainability.

NJ Accelerate: Encourages entrepreneurs to participate in high-quality accelerator programs. Accelerators are “boot camps” that provide educational programs for startup founders and expose them to mentors such as venture capitalists and corporate executives. Through NJ Accelerate, the NJEDA aims to promote accelerator program opportunities, match sponsorship support, and provide direct loans and rent support to eligible graduates. The program involves two steps: accelerator operators apply to the NJEDA to be pre-qualified as an “Approved Accelerator,” and graduates of Approved Accelerators are eligible for financial assistance from the NJEDA.

NJ Entrepreneur Support: Provides a guarantee for investor loans advanced for working capital to businesses affected by the pandemic. The program aims to encourage ongoing support from investors and completed applications will be considered on a first-come, first-served basis, with a cap of $200,000 per company. The loans must be used by New Jersey-based entrepreneurial companies for working capital.

NJ Innovation Evergreen Fund: An incentive program that encourages corporate partners to buy discounted tax credits with a strategic commitment to support New Jersey’s innovation ecosystem. The funds raised from the auction will be matched and managed by professional venture capital firms and invested in high-growth, early-stage start-up businesses in New Jersey.

NJ ZIP: A pilot program that provides vouchers, for medium and heavy-duty zero-emission vehicles, with base values ranging from $20,000 to $175,000 to accelerate the adoption and use of zero-emission vehicles in New Jersey. The program aims to reduce harmful emissions, especially in communities disproportionately impacted by transportation emissions, and create economic opportunities within the state. 

Sales and Use Tax Exemption Program: Provides a sales tax exemption certificate for purchases of machinery, equipment, furniture and furnishings, fixtures, and building materials (other than tools and supplies) for placement at the project location until the new facility is functional. The certificate is available to life sciences or manufacturing companies with 1,000 or more employees.