Financing & Incentives:
All Programs

The New Jersey Economic Development Authority (NJEDA) is an independent, self-supporting state entity that offers a broad range of financing programs, real estate development tools and technical support to stimulate business development, job creation and community revitalization in New Jersey.
 

The NJEDA helps small, medium and large companies as well as not-for-profit organizations build new facilities, purchase equipment and develop new products. It also offers incentives to companies to relocate and expand in New Jersey and encourages investments in areas of the state that have been economically or environmentally depressed.
 

For a full description of a specific EDA program, click on the product name in the list below.



Angel Investor Tax Credit Program

Companies that file taxes in New Jersey and invest in a qualifying NJ emerging technology business may benefit from a tax credit through the Angel Investor Tax Credit Program.

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Biotech Incubator & Research Park

The Commercialization Center for Innovative Technologies (CCIT) is one of the more significant incubation facilities in the nation dedicated to life sciences and biotechnology companies.  Located in the heart of the state's "Research Corridor" on the campus of the Technology Centre of New Jersey, the 46,000-square-foot CCIT facility offers the most wet labs in the state for incubation.  Affordable and customizable office, production, and "plug-in ready" wet and dry laboratory space is available to qualified tenants.

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Bond Financing

Creditworthy manufacturing companies, 501(c)(3) not-for-profit organizations, and exempt facilities in New Jersey may be eligible for long-term financing under the Bond Financing Program.

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Brownfields and Contaminated Site Remediation Program

Developers in New Jersey who need financial assistance to clean up and redevelop polluted sites and closed municipal landfills may enter into a redevelopment agreement with the EDA and be eligible to recover a portion of their remediation costs.

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Clean Energy Resources

In addition to the EDA, several other organizations offer incentives and assistance programs to encourage businesses to develop clean energy technologies and for businesses and institutions "going green".

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Direct Loans

New Jersey businesses in need of financing and committed to job creation/retention may be eligible for direct loans through EDA when financing is not available under other EDA financing programs.

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Economic Redevelopment and Growth (ERG) Program

The Economic Redevelopment and Growth (ERG) Program is an incentive for developers and businesses to address revenue gaps in development projects, defined as having insufficient revenues to support the project debt service under a standard financing scenario.  It can also apply to projects that have a below market development margin or rate of return. The grant is not meant to be a substitute for conventional debt and equity financing, and applicants should generally have their primary debt financing in place before applying.  In order for a project to be approved, it needs to undergo a rigorous analysis of the sources and uses of funds, construction costs and projected revenues.

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Edison Innovation Fund

The Edison Innovation Fund seeks to develop, sustain, and grow technology and life sciences businesses that will lead to well-paying job opportunities for New Jersey residents.

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Grow NJ Assistance Program

Grow NJ is a powerful job creation and retention incentive program that strengthens New Jersey's competitive edge in the increasingly global marketplace.  Businesses that are creating or retaining jobs in New Jersey may be eligible for up to tax credits ranging from $500 to $5,000 per job, per year; with bonus credits ranging from $250 to $3,000 per job, per year  (award amounts vary based on applicable criteria.)

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Hazardous Discharge Site Remediaton Fund (HDSRF)

Businesses operating in New Jersey, individuals, or municipalities that are required to, or volunteered to, perform remediation and/or cleanup of contaminated and underutilized sites may be eligible to secure financing through loans and/or grants under the Hazardous Discharge Site Remediation Fund (HDSRF).

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Higher Education Institution Public-Private Partnerships Program Information

The Higher Education Institution Public-Private Partnerships Program permits a state or county college to enter into a private-public partnership and allows a private entity to assume full financial and administrative responsibility for an on-campus construction, reconstruction, repair, alteration, improvement or extension of a building, structure, or facility of the institution so long as the college retains ownership of the land, and the project is 100% privately financed.

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Loans to Lenders Program

The Loans to Lenders Program makes capital available to financial intermediary organizations who can effectively reach small businesses in local markets including: micro lenders, Community Development Financial Institutions (CDFIs), and Urban Enterprise Zones (UEZs).

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Municipal Landfill Closure and Remediation Reimbursement Program

Eligible developers seeking financial assistance in the closure, remediation and redevelopment of municipal landfill sites in New Jersey may qualify for reimbursement of 75% of the closure or cleanup costs associated with the remediation and redevelopment of a municipal solid waste landfill.

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New Jersey Advantage Program

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New Jersey Clean Energy Program

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NJ CoVest Fund

The NJ CoVest Fund provides seed funding to New Jersey technology and life sciences companies to further commercialize their technology and scale revenues. Investments made through the NJ CoVest Fund align with the EDA’s ongoing strategy of supporting New Jersey’s entrepreneurial ecosystem.

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NJ Energy Master Plan

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NJ Founders & Funders

NJ Founders & Funders is organized by the NJEDA Technology & Life Sciences(TLS) team to provide emerging TLS companies in NJ with access to smart angel & venture capital investors.

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Partners - Premier Lenders

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Premier Lender Program

The Premier Lender Program creates new opportunities for small businesses and EDA’s lending partners by providing new, low-cost financing opportunities with faster turnaround.

If your small business is discussing potential financing with one of EDA’s Premier Lender banks, EDA’s participation or guarantee of a portion of the financing can lower the cost of borrowing for your business.

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Real Estate Impact Fund

The goal of the Real Estate Impact Fund is to support and foster redevelopment in strategic urban and other significant locations that would not otherwise occur in the near term and to strengthen existing and catalyze future development opportunities and private investment. The Fund will advance economic development by supporting projects consistent with local redevelopment plans or strategies, attract private investment, and by creating or retaining jobs.

 

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Salem County Energy Sales Tax Exemption

The program provides an energy sales tax exemption for the retail sales of electricity and natural gas and their transport to manufacturing businesses in Salem County. The energy and utility services must be consumed exclusively at the facility.

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Small Business Fund

Creditworthy small, minority-owned or women-owned businesses in New Jersey that have been in operation for at least one full year and may not have the ability to get bank financing, or not-for-profit corporations that have been operating for at least three full years, may be eligible for assistance under the Small Business Fund.

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Small Business Services

In addition to the millions of dollars in funding EDA administers as loans and loan guarantees to New Jersey small businesses, EDA also partners with several organizations that provide a wide array of services to New Jersey small businesses and entrepreneurs.

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Technology & Life Sciences Team

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Technology Business Tax Certificate Transfer (NOL) Program

The Technology Business Tax Certificate Transfer Program enables qualified, unprofitable NJ-based technology or biotechnology companies with fewer than 225 US employees (including parent company and all subsidiaries) to sell net operating losses (NOL) and research and development (R&D) tax credits to unrelated profitable corporations.

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Urban Enterprise Zones (UEZ) Manufacturers Energy Sales Tax Exemption

Urban Enterprise Zone (UEZ)-certified manufacturers that employ at least 250 full-time workers, at least 50% of whom are involved in the manufacturing process, may be eligible for an exemption from the sales and use tax for electricity and natural gas utilities, both the commodity and its transmission, consumed at the UEZ-certified location.

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Venture Fund Investments

EDA forms collaborative partnerships with venture capital fund managers active in New Jersey’s Technology and life science community.

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