Bonds
The EDA issues conduit tax-exempt private activity bonds, the proceeds of which are used to provide low-interest, fixed-asset loans. Borrowers must meet the eligibility requirements outlined in the Internal Revenue Code (IRC) in order to qualify. Taxable bonds are also available for a wide variety of businesses. Taxable bonds offer similar flexibility in structuring rates and terms but are not subject to the restrictions placed on tax-exempt financing under the IRC. Click here for more information.
Economic Redevelopment and Growth (ERG) Grant
Qualified redevelopment projects in New Jersey may be eligible for an incentive grant up to 75% of the annual incremental State Tax and/or Local Tax revenue generated from the project. Read more.
