Financing & Incentives - Large Corporations

The New Jersey Economic Development Authority (EDA) offers a full range of programs to help support large corporations in New Jersey. Our incentives continue to appeal to existing large companies in the State, as well as those considering New Jersey as a future home. Low-interest financing through bonds, direct loans, loan participations/guarantees, grants, and tax incentives rank among the key reasons for large corporations to conduct business in New Jersey.

 

So, depending on your business goals, the EDA may have a financial solution that can work for you.
What’s Your Business Financing Goal? Here’s What the EDA Can Offer*:
To purchase or renovation an existing building, or to construct a new building
  • Loans up to $750,000; loan guarantees up to $1.5 million
  • Grants and loans for brownfields or portfields investigation and cleanup
  • Tax-exempt bond financing, starting at $500,000
To purchase or renovate machinery or equipment
  • Loans up to $750,000; loan guarantees up to $1.5 million
  • Tax-exempt bond financing, starting at $750,000
To expand by building a facility located in an urban municipality
  • Loans of up to $2 million for fixed assets to businesses in one of New Jersey’s urban areas
  • Loans of up to $3 million with favorable rates for fixed assets to businesses in one of New Jersey’s nine designated urban areas (Atlantic City, Camden, East Orange, Elizabeth, Jersey City, Newark, New Brunswick, Paterson, Trenton)
  • Tax-exempt bond financing, starting at $500,000
To obtain additional capital to cover operating expenses
  • Loans up to $1.25 million; loan guarantees up to $1.5 million
  • Tax-exempt bond financing, starting at $500,000
To add employees at a NJ facility or relocate employees to NJ
  • Tax-incentives for creating at least 25 new jobs in New Jersey (10 if in the technology or biotechnology industries)
  • Tax-exempt bond financing, starting at $500,000

*All EDA offerings are subject to change, carry restrictions and require certain qualifications.

Product Fees and Interest Rate Pricing: 

The EDA charges application and processing fees for its products, details of which are captured in the individual product information pages found on our website.

For its loan products, the EDA also charges a fixed or variable interest rate that has an interest rate floor for the specific product, and which is determined for individual loans at the time of closing using various other criteria. Interest rate floors utilize nationally recognized financial indices such as the 5 Year United States Treasury or the Prime Rate as published in the Wall Street Journal. For fixed and variable rates loans, adjustments will be made to the base rate and are calculated based on factors that involve the applicant's creditworthiness, project public policy criteria, including number of jobs to be created and the leveraging of total project costs to public dollars, and amortization. Please refer to product information pages for current interest rate floors.

To learn more about the EDA’s offerings for large corporations, click here.