Funding will fuel ‘Innovation Evergreen Fund’s’ investment in Garden State early-stage businesses

Trenton, N.J. (October 4, 2022) – The New Jersey Economic Development Authority (NJEDA) today announced the amount of tax credits available through the tax credit auction phase of the New Jersey Innovation Evergreen Fund (NJIEF) will increase to $50 million. Demand in response to the NJIEF tax credit auction has been robust among the State’s established corporate leaders engaged in the state’s innovation economy and, based on greater than anticipated demand, the NJEDA has raised the available auction pool from $30 million to $50 million. Corporations have until Friday, October 7th, to submit their completed applications.

The auction is the first of up to five tax credit auctions, designed to fuel the NJIEF investment phase starting later this year. The NJIEF is an innovative tool designed to incentivize investment in emerging New Jersey companies while creating mentoring, networking, and educational opportunities to help position these companies for success.

The corporations that participate will benefit with a discount on their NJ corporate business tax liability of up to 25 percent and access to innovative businesses and investors, in exchange for their dollars and their active commitment to support the innovation economy in New Jersey. This strategic investment will not only support New Jersey’s entrepreneurs, but will also ensure that more companies start, grow, and stay in the state. Full details on the NJIEF are available at https://www.njeda.com/evergreen.

Corporations seeking to purchase the tax credits must commit to supporting the state’s innovation economy through activities such as mentorship, internships, sales and distribution pipeline access, and availability to serve on the NJIEF Advisory Board for one year. Completed applications, including a refundable deposit, must be received by October 7, 2022.


About the NJEDA

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

To learn more about state resources available to New Jersey entrepreneurs and early-stage companies, visit https://www.njeda.com and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

###

Program Has Awarded Close to $13 Million in Reimbursements Since It Launched in February 

Trenton, N.J. (September 30, 2022) – The New Jersey Economic Development Authority (NJEDA) today announced that its Small Business Improvement Grant has awarded close to $13 million to over 500 small businesses in the Garden State since it launched this February. The Small Business Improvement Grant awards small businesses up to $50,000 to reimburse costs associated with making building improvements or purchasing new Furniture, Fixtures, and Equipment (FFE).

“The Small Business Improvement Grant is a great example of Governor Phil Murphy’s promise of finding creative ways to help strengthen our economy,” said NJEDA Chief Executive Officer Tim Sullivan “In a little over seven months, this program has helped more than 500 New Jersey businesses become more resilient and better position themselves for future growth by offsetting costs they incurred as they adapt to a post-pandemic economy.” 

Sullivan also noted that 40 percent of the Small Business Improvement Grant funding will be set aside for businesses and nonprofits in Opportunity Zone-eligible census tracts, in line with Governor Murphy’s commitment to equity.

Created under the Economic Recovery Act of 2020 (ERA), and funded with $15 million from the Main Street Recovery Program, the Small Business Improvement Grant reimburses eligible small businesses and nonprofits for up to 50 percent of eligible project costs associated with building improvements or the purchase and/or installation of new FFEs.

One of the hundreds of small businesses that received reimbursement is the Admiral Resort Motel, a family-owned vacation destination located a short distance away from the famous Wildwood Boardwalk at the Jersey shore. “For over 40 years, we’ve hosted families of all sizes and from all corners of the world as they enjoy their time off at the Jersey shore,” said the Admiral Resort Motel owner William DiAntonio. “After several needed upgrades to our facilities, which included revamping our security system and refreshing our guest rooms, we’re now in a much better financial position to invest in future projects as we continue to build vacation memories for years to come thanks to the grant we received from the NJEDA.”

Another business that secured funding from the Small Business Improvement Grant is Enterprise Solutions Accounting, a consulting and accounting firm whose focus is primarily the Latino market. This Hamilton-based minority-owned small business received reimbursement for a new HVAC system, new flooring, new doors, new panel dividers, and all the labor associated with these necessary improvements.

“The Small Business Improvement Grant has allowed us to offset thousands of dollars in renovation costs to upgrade our facility and operations,” said Enterprise Solutions Accounting owner Henry Pulido. “The reimbursement we received from the NJEDA will allow us to keep investing in the community we serve as we continue to provide the highest professional experience to our clientele.”

Funding from the program also supported the Boys and Girls Clubs of Lower Bergen County (BGCLBC) offsetting costs from plumbing, heating, gutter and electrical repairs that were needed for them to continue to provide a safe environment for youth from disadvantaged economic, social, and family circumstances to go after school and throughout the summer.

“Since 1949, our doors have been open to children from underprivileged communities as they try to find a safe place to learn and grow, or simply search for a sense of belonging,” said BGCLBC Chief Executive Officer Joseph Licata. “The funding we received from the NJEDA helped us offset costs so we can focus on continuing to provide quality programs and services to enable all Bergen County children, especially those who need us most, to reach their full potential as productive, caring, responsible citizens.”

Businesses and nonprofits that receive funding through the Small Business Improvement Grant are required to pay employees for the grant term the greater of $15 per hour or 120 percent of the minimum wage. Tipped employees must be paid at least 120 percent of the minimum wage. Applicants must also commit to remaining in the facility and meeting wage requirements for up to four years following the execution of the grant agreement and depending upon award amount. Awards greater than $25,000 will have a compliance period of four years and grant awards less than $25,000 will have a compliance period of two years.

For more information on the Small Business Improvement Grant, please visit https://www.njeda.com/small-business-improvement-grant/.

About the New Jersey Economic Development Authority

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

To learn more about NJEDA resources for businesses call NJEDA Customer Care at 609-858-6767 or visit https://www.njeda.com and follow @NewJerseyEDA on Facebook, Twitter, Instagram and LinkedIn.
 

###

Will Support Development of OSW Talent Pipeline to Meet Demand of State’s Emerging Offshore Wind Leadership

TRENTON, N.J. (September 28, 2022) – The New Jersey Economic Development Authority (NJEDA) has announced the creation of a competitive grant program that will help New Jerseyans, particularly those in New Jersey Overburdened Communities, develop skills for careers in offshore wind. Approved by the NJEDA’s Board at its September 14 meeting, the $3.725 million Offshore Wind Workforce and Skills Development Grant Challenge (Grant Challenge) will offer grants to selected entities that will aid in launching or expanding innovative workforce training and skills programs focused on strengthening and diversifying New Jersey’s offshore wind workforce.

“Offshore wind is driving an abundance of skilled jobs in New Jersey, and Governor Phil Murphy is committed to ensuring the state’s workforce keeps pace with the needs of offshore wind companies investing here,” said NJEDA Chief Executive Officer Tim Sullivan. “We have a responsibility to ensure that New Jerseyans are adequately and safely trained for these good-paying opportunities. We look forward to partnering with entities with expertise and creative workforce development solutions that will advance these goals in an equitable and inclusive way.”

The Grant Challenge is part of NJEDA’s efforts to establish the NJ Wind Institute for Innovation and Training (the “Wind Institute”) as an independent entity created through legislation. The Wind Institute will coordinate and deploy resources to advance offshore wind workforce development, research, and innovation in the state.

Announcement of the Grant Challenge follows Governor Murphy’s signing of Executive Order No. 307 last week, increasing New Jersey’s offshore wind goal by nearly 50 percent to 11,000 megawatts (MW) by 2040. The Executive Order, which increases the state’s current goal of 7,500 MW, also directs the New Jersey Board of Public Utilities (NJBPU) to study the feasibility of increasing the target further.

Accompanying the Executive Order, Governor Murphy also announced the release of the Green Jobs for a Sustainable Future report, created by the New Jersey Council on the Green Economy in partnership with the Governor’s Office of Climate Action and the Green Economy. The report outlines recommendations and pathways for growing a demographically representative and inclusive green workforce as New Jersey pursues its aggressive new offshore wind target.

Through the Grant Challenge, entities that can provide skill development, workforce training, job placement, and other related services to develop, implement, or expand workforce development initiatives in offshore wind can apply for grants of between $100,000 and $1 million to create their proposed programs. Priority in this grant challenge will be given to applicants or applicant teams that propose initiatives supporting training and job access for residents of Overburdened Communities. Grants will be awarded to proposals that achieve the highest overall scores based on the established proposal scoring criteria. Organizations looking to collaborate can submit an optional Potential Collaborator Form by October 20th. An informational webinar will be held on October 11th at 3pm. Application deadlines for the Grant Challenge will be announced in the coming months. More information on the Grant Challenge can be found at: www.njeda.com/osw-workforce-grantchallenge/.

The Grant Challenge will be open to entities that can design and execute workforce and skills training programs. Such entities may include, but are not limited to, community-based organizations, workforce training organizations, labor unions, workforce placement intermediaries, technical high schools, community colleges, universities, non-profits, regional workforce development boards, and private companies.

“As we pursue our clean energy future and increased offshore wind development goals, it’s crucial that we develop a skilled and inclusive workforce to support our growing clean energy economy,” said Jane Cohen, Executive Director of the Governor’s Office of Climate Action and the Green Economy. “Establishing accessible pathways for entrance into good-paying jobs with wage parity and long-term career prospects will help position all New Jerseyans to enjoy the optimal benefits of the state’s clean energy transition.”

Applicants are encouraged to collaborate with additional entities, including for-profit or non-profit entities, to design and implement the training program as needed. All applications must include at least one 501(c)(3) Community-Based Organization with demonstrated experience serving a New Jersey Overburdened Community, that provides direct services or supports to a specific geographic NJ community(ies) or specific segments of a New Jersey community(ies). For the purposes of this Challenge, government entities, K-12 schools, and institutions of higher learning do not qualify as Community-Based Organizations. However, these entities may be the primary applicant or an additional collaborator on the applicant team.

This Grant Challenge will support training needs identified in a recently conducted offshore wind workforce assessment. The study concluded New Jersey’s target for 7.5 GW of offshore wind and accompanying infrastructure investments is projected to result in 20,000 new jobs in 2030 across numerous sectors of the state’s economy, including construction, manufacturing, and professional services. This study can be accessed at www.njeda.com/wind_institute/

This Grant Challenge complements work currently underway toward the creation of the Wind Institute, including: the construction of a Global Wind Organization safety training facility at Atlantic Cape Community College; the development of a wind turbine technician training program at Rowan College of South Jersey; the expansion of welding and painting programs for offshore wind at Gloucester County Institute of Technology and Salem County Vocational Technical School; and the launch of an offshore wind research fellowship program for juniors, seniors and graduate students at Rutgers University, Rowan University, Montclair State University, and the NJ Institute of Technology.

Current Wind Institute-related programs are funded through an agreement between NJEDA and the NJBPU.

Governor Murphy’s economic development plan, “The State of Innovation: Building a Stronger and Fairer NJ Economy,” identifies offshore wind as one of the strategic sectors for accelerating growth in New Jersey’s economy. Offshore wind represents a unique opportunity to meet the State’s clean energy goal of reaching 100 percent clean energy usage by 2050. A key step towards this goal is the State’s target of generating 11,000 MW of offshore wind energy by 2040.

About the New Jersey Economic Development Authority

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA 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 NJEDA 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. NJEDA is developing the Wind port on behalf of the State.
 
To learn more about NJEDA resources for businesses call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.com and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

###

Program Provides up to $125,000 to County and Local Governments to Develop Plans to Improve Food Security

Trenton, N.J. (September 26, 2022) – Today, the New Jersey Economic Development Authority (NJEDA) announced that it will open applications for its $1.5 million Food Security Planning Grant Program on Tuesday, September 27. This competitive program offers grants ranging from $75,000 to $125,000 to municipal governments, county governments, and redevelopment agencies to develop plans to improve food access and food security by leveraging distressed assets in New Jersey’s Food Desert Communities (FDCs). The application will be available at https://www.njeda.com/food-security-planning-grant/. All applications submitted by the deadline of November 25 will be reviewed after the application period has closed. 

Currently, more than one in 10 New Jersey households reports not having enough to eat within the past week. Additionally, out of the nearly nine million people who reside in New Jersey, approximately one million live in an NJEDA-designated FDC. Ensuring access to nutritious, affordable, and culturally relevant food is a key component in building a stronger and fairer New Jersey economy, as well as creating a sustainable local food system in every community.

The NJEDA will host information sessions for potential applicants (municipal governments, county governments and redevelopment agencies) to get an overview of the Food Security Planning Grant, a walk-through of the application, and information on how to best prepare to apply.

The information sessions will take place at the following times:

The Food Security Planning Grant Program is one tool that NJEDA will deploy to empower local governments to develop and submit plans to improve food access while transforming distressed assets that have presented a hindrance to economic growth. For the Food Security Planning Grant program, a distressed asset is defined as a commercial building or series of buildings, its attachments, and appurtenances; or vacant land that is fully or partially vacant for at least one year, that due to deteriorated condition or appearance of its exterior (because of deferred maintenance such as deteriorated paint or overgrown vegetation, boarded up door and/or windows), that can be leveraged to improve food access and food security. Distressed assets must be located within a New Jersey FDC, which can be mapped here.

Full details on the Food Security Planning Grant Program can be found here.

Applications will be accepted until November 25 and will NOT be reviewed on a first-come, first-served basis.

About the NJEDA

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

To learn more about state resources available to New Jersey entrepreneurs and early-stage companies, visit https://www.njeda.com and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

###

El proceso de aplicaciones para préstamos de hasta 50.000 dólares abrirá el 6 de octubre de 2022

TRENTON, N.J. (16 de septiembre de 2022) – La Junta Directiva de la Autoridad para el Desarrollo Económico de Nueva Jersey (NJEDA) aprobó una revisión del Préstamo para microempresas de Main Street, que elimina el requisito de garantías personales para los propietarios de microempresas.

El Préstamo para microempresas de Main Street, que reemplaza al Programa de préstamos para microempresas establecido por la NJEDA en 2019, se ofrece como parte del Fondo para la recuperación de Main Street-un conjunto de productos de 150 millones de dólares creados o ampliados conforme a la Ley de Recuperación Económica de 2020 (ERA), firmada por el gobernador Phil Murphy en 2021. Este producto piloto proporcionará financiamiento de hasta 50.000 dólares a microempresas de New Jersey que reúnan los requisitos necesarios, cuyos ingresos brutos anuales sean de 1.500.000 dólares o menos y tengan 10 o menos empleados a tiempo completo en el momento de presentar la aplicación y tres meses antes de la fecha de la misma.  La NJEDA comenzará a aceptar aplicaciones para el programa el jueves 6 de octubre de 2022, a las 10:00 a.m. EDT.

“El Préstamo para microempresas de Main Street será un gran activo para las pequeñas empresas que se esfuerzan por aumentar su presencia en el Estado Jardín”, dijo el director ejecutivo de la NJEDA, Tim Sullivan. “La eliminación de los obstáculos que dificultan el acceso al capital para las empresas más pequeñas de nuestro estado es un paso más hacia la consecución de la visión del gobernador Murphy de una economía más fuerte y justa, ya que más propietarios de microempresas ahora tendrán acceso al financiamiento que necesitan para crear más puestos de trabajo y oportunidades económicas que permitan mantener a sus familias”.

Las empresas elegibles con y sin fines de lucro registradas para hacer negocios en Nueva Jersey, incluidas las empresas que operan desde el hogar, pueden solicitar financiamiento de los 20 millones de dólares en fondos asignados desde el Fondo de recuperación de Main Street para cubrir gastos operativos futuros, tales como inventario, alquiler, nóminas, equipos (que no requieran instalación o trabajo de construcción por un total de más de 1.999,99 dólares), o cualquier otro gasto de capital de trabajo para financiar los gastos operativos de la empresa. El préstamo tendrá un plazo estándar de 10 años y el tipo de interés será del 2%, sin intereses ni pagos durante el primer año. 

El Préstamo para microempresas de Main Street tiene un componente de condonación importante, ya que ayuda a reducir la carga de los propietarios de microempresas que ya tienen un acceso limitado al capital. Según las normas del programa, el prestatario está obligado a realizar pagos desde el segundo año hasta el final del quinto año. Para calificar para la condonación del préstamo, el solicitante debe haber realizado los pagos de su préstamo tal y como se identifica en su acuerdo de préstamo sin una morosidad de más de 90 días, no tener incumplimientos actuales, poder certificar que ha utilizado el préstamo solo para los fines aprobados, y que sigue abierto y operando como se detalla en el acuerdo del préstamo.

Para garantizar un acceso equitativo e inclusivo al Préstamo para microempresas de Main Street, de los 20 millones de dólares de financiamiento total disponibles, 8 millones se reservarán para apoyar a las entidades elegibles situadas en las zonas censales que califiquen como zonas de oportunidad en Nueva Jersey.

Los requisitos de elegibilidad para las microempresas interesadas en aplicar para este programa incluyen:

  • Tener menos de 1,5 millones de dólares de ingresos brutos anuales en el último año fiscal (en la medida en que la empresa tenga ingresos anuales).
  • No tener más de 10 empleados a tiempo completo en el momento de la solicitud y tres meses antes de la misma.
  • Estar legalmente registrada para hacer negocios en Nueva Jersey, y tener una ubicación comercial (incluida una oficina en casa) en Nueva Jersey.
  • Haberse constituido al menos seis meses antes de la fecha de la solicitud.
  • Estar al día con el Departamento de Trabajo y Desarrollo de la Fuerza Laboral de Nueva Jersey (LWD) y el Departamento de Protección Ambiental de Nueva Jersey en el momento de la solicitud.
  • Proporcionar un certificado de liquidación de impuestos actual antes de la aprobación para demostrar que el solicitante está al día con la División de Impuestos de NJ.

El Préstamo para microempresas de Main Street no requerirá garantías, ya que los criterios de suscripción se basarán únicamente en la calificación crediticia. Solo las organizaciones sin fines de lucro tendrán que estar totalmente suscritas y se les exigirá un índice de cobertura del servicio de la deuda de 1,0. Para las entidades con fines de lucro, al menos uno de los propietarios debe tener una calificación crediticia de 600 o más para ser considerado elegible. No se requieren garantías personales de los propietarios o directores.   

Las aplicaciones para el Préstamo para microempresas de Main Street se procesarán en el orden que son recibidas, según la fecha/hora en que la Autoridad reciba la aplicación completada. Los beneficiarios anteriores del Programa de préstamos para microempresas pueden solicitar el Préstamo para microempresas de Main Street.  Debido a las condiciones favorables de este producto, solo se permite una solicitud por EIN.  

La NJEDA organizará una sesión informativa sobre el Préstamo para microempresas de Main Street el lunes 26 de septiembre de 2022, a las 2:00 p.m. EDT. Para inscribirse en esta sesión en línea, haga clic aquí.

Para obtener más información sobre el Préstamo para microempresas de Main Street y el proceso para aplicar, visite https://www.njeda.com/microbusinessloan/.

Acerca de la Autoridad para el Desarrollo Económico de Nueva Jersey


La Autoridad para el desarrollo económico de Nueva Jersey (NJEDA) es la agencia principal del Estado para impulsar el desarrollo económico. La NJEDA tiene el compromiso de hacer del Estado de Nueva Jersey un modelo nacional para el desarrollo económico inclusivo y sostenible al centrarse en estrategias claves para ayudar a construir comunidades fuertes y dinámicas, crear buenos trabajos para los residentes de Nueva Jersey y ofrecer oportunidades para una economía más sólida y justa. A través de asociaciones con una diversa gama de partes interesadas, la NJEDA crea e implementa iniciativas para mejorar la vitalidad económica y la calidad de vida en el Estado y para fortalecer la competitividad económica a largo plazo de Nueva Jersey.


Para obtener más información sobre los recursos de la NJEDA para empresas, llame a la línea de atención al cliente de la NJEDA al 844-965-1125 o visite https://www.njeda.com y siga a @NewJerseyEDA en FacebookTwitter, InstagramLinkedIn.

###

Application for Loans up to $50,000 to Launch on October 6, 2022

TRENTON, N.J. (September 14, 2022) – The New Jersey Economic Development Authority (NJEDA) Board today approved a revision to the Main Street Micro Business Loan, removing the requirement for personal guarantees from owners of micro businesses.

The Main Street Micro Business Loan, which succeeds the Micro Business Loan Program established by the NJEDA in 2019, is offered as part of the Main Street Recovery Fund—a $150 million suite of products created or expanded under the Economic Recovery Act of 2020 (ERA), signed by Governor Phil Murphy in 2021. This pilot product will provide financing of up to $50,000 to eligible micro businesses in New Jersey whose annual gross revenues are $1,500,000 or less and have 10 or fewer full-time employees at the time of application and three months prior to the date of application.  The NJEDA will start accepting applications for the program on Thursday, October 6th, 2022, at 10:00 a.m. EDT.

“The Main Street Micro Business Loan will be a tremendous asset for small businesses that are working hard to grow their footprint in the Garden State,” said NJEDA Chief Executive Officer Tim Sullivan. “Removing the barriers to capital for our state’s smallest businesses is another step toward achieving Governor Murphy’s vision for a stronger, fairer economy, as more micro business owners will now have access to the financing they need to create more family-sustaining jobs and economic opportunities.”

Eligible for-profit and nonprofit businesses registered to do business in New Jersey, including home-based businesses, can apply for financing from the $20 million in funds allocated from the Main Street Recovery Fund to cover future operating expenses only such as inventory, rent, payroll, equipment (that does not require installation or construction work totaling more than $1,999.99), or any other working capital expense to fund business operating expenses. The loan will have a standard 10-year term and the interest rate will be 2 percent, with no interest and no payments due for the first year. 

The Main Street Micro Business Loan has a substantial forgivable component as it helps reduce the burden on micro business owners who already have limited access to capital. Under program rules, the borrower is required to make payments from year two to the end of year five. To qualify for loan forgiveness, the applicant must have made their loan payments as identified in their loan agreement with no delinquency of more than 90 days, have no current default, be able to certify that they have used the loan for approved purposes only, and that they are still open and operating as detailed in the loan agreement.

To ensure equitable and inclusive access to the Main Street Micro Business Loan, of the $20 million in total funding available, $8 million will be set aside to support eligible entities located in New Jersey Opportunity Zone-eligible census tracts.

Eligibility requirements for micro businesses interested in applying for this program include:

  • Must have less than $1.5 million in annual gross revenue for the most current fiscal year (to the extent the business has annual revenues)
  • Must have no more than 10 full-time employees at the time of application and three months prior to application
  • Must be legally registered to do business in New Jersey, with a business location (including a home office) in New Jersey
  • Must have been formed at least six months prior to the date of application.
  • Must be in good standing with the New Jersey Department of Labor and Workforce Development (LWD) and the NJ Department of Environmental Protection at the time of application
  • Must provide a current tax clearance certificate prior to approval to demonstrate the applicant is in good standing with the NJ Division of Taxation

The Main Street Micro Business Loan will not require collateral, as the underwriting criteria will be based solely on credit score. Only not-profit organizations will need to be fully underwritten and required to meet a 1.0 debt service coverage ratio. For all other for-profit entities, at least one owner must have a credit score of 600 or greater to be considered eligible. Personal guarantees from owners or principals are not required.   

Applications for the Main Street Micro Business Loan will be reviewed on a first-come, first-served basis, based on the date/time at which the Authority receives the completed application. Past recipients of the Micro Business Loan Program are eligible to apply for the Main Street Micro Business Loan.  Due to the favorable terms of this product only one application per EIN is allowed.  

The NJEDA will host an information session on the Main Street Micro Business Loan on Monday, September 26, 2022, at 2:00 p.m. EDT. To register for this online session, click here.

For more information on the Main Street Micro Business Loan and the application process, go to https://www.njeda.com/microbusinessloan/.

About the New Jersey Economic Development Authority


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


To learn more about NJEDA resources for businesses call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.com and follow @NewJerseyEDA on FacebookTwitterInstagram and LinkedIn.

###

TRENTON, N.J. (September 1, 2022) – Today, the New Jersey Economic Development Authority (NJEDA) released information on the Brownfields Redevelopment Incentive (BRI) Program for public feedback. Established by the New Jersey Economic Recovery Act of 2020 (ERA), the Brownfields Redevelopment Incentive Program is a $300 million tax credit program designed to compensate developers of redevelopment projects located on brownfield sites for remediation costs.

The Brownfields Redevelopment Incentive Program covers specific costs associated with brownfield remediation and redevelopment., including the investigation and remediation of environmental contamination, as well as building and structural remediation activities.

The program, which provides $300 million in incentive funding over six years, focuses on brownfield redevelopment as an integral part of community development. Awards of up to 50 percent of remediation costs are available for eligible brownfield sites, up to a maximum of $4 million. Brownfield sites in a Government Restricted Municipality or Qualified Incentive Tract may be eligible for up to 60 percent of rehabilitation costs, up to a maximum of $8 million.  Awards are scored on a competitive basis.

Members of the public are encouraged to review the preliminary information and submit written feedback through an online form available on the Economic Recovery Act website. The NJEDA will also be hosting two listening sessions for public input on the proposed information.

“The Brownfields Redevelopment Incentive is part of a suite of programs created under the ERA that sets a high bar for equitable and inclusive development,” said NJEDA Chief Executive Officer Tim Sullivan. “Input from community stakeholders will help to ensure the BRI advances Governor Phil Murphy’s and the NJ State Legislature’s vision for incentivizing projects that turn vacant and contaminated sites into vibrant economic assets, with a continued focused on community development.”

Tax credits will be awarded through a competitive application process to ensure the best projects receive State support. The NJEDA will partner with the NJ Department of Environmental Protection (NJDEP) to create evaluation criteria for a competitive application process. To receive tax credits through the program, the developer must demonstrate that a financing gap exists. Parties that are in any way responsible or liable for the site contamination are not eligible for the program. 

The BRI Proposed Information is available now for review here

Members of the public can also provide input during the NJEDA’s public listening sessions, which are scheduled for the following times:

Members of the media interested in attending the session or submitting questions are asked to email media@njeda.com.  

To provide feedback on the BRI Program online click here.

In addition to the Brownfields Redevelopment Incentive, the ERA creates a suite of programs that includes tax credits to incentivize job creation, new construction, and historic property reinvestment; financial resources for small businesses; support for new supermarkets and healthy food retailers in food desert communities; new funding opportunities for early-stage companies in New Jersey; and support for the growing film and digital media industry. The NJEDA will continue to engage the public as new programs and rules are developed.

For more information and to provide written input on the design and implementation of Economic Recovery Act programs, visit https://www.njeda.com/economicrecoveryact/.

About the New Jersey Economic Development Authority
The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA 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 NJEDA 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. NJEDA is developing the Wind port on behalf of the State.
 
To learn more about NJEDA resources for businesses call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.com and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

###

Funding raised from auction will help first-of-its-kind ‘Innovation Evergreen Fund’ invest in Garden State early-stage businesses

Trenton, N.J. (August 5, 2022) – The New Jersey Economic Development Authority (NJEDA) today announced that it has launched the next phase in the creation of New Jersey Innovation Evergreen Fund (NJIEF) by opening the first of up to five annual New Jersey Corporate Tax Credit Auctions to fuel the fund. The NJIEF is a groundbreaking new tool to increase access to strategic resources and venture capital in New Jersey. Under the NJIEF, the State will become an equity investor in startups deploying up to $600 million into companies alongside professional venture capital groups. This strategic investment will not only support New Jersey’s entrepreneurs, but will also ensure that more companies start, grow, and stay in state.

For the 2022 auction year, a pilot amount of $30 million of tax credits will be available for purchase through the New Jersey Corporate Tax Credit Auction. Based on demand, the Authority may increase the amount of tax credits available in the current year. The funds raised from the auction will later be matched by professional venture capital firms and invested into high-growth, early-stage businesses across the Garden State.

“The NJIEF is a unique model for driving investment and other resources for bolstering the success rate of startup companies,” said NJEDA Chief Executive Officer Tim Sullivan. “Through the NJIEF, successful New Jersey corporations will help to nurture and elevate the next generation of high-growth businesses. This will lead to job creation and scientific breakthroughs, and will help to deliver on Governor Phil Murphy’s commitment to recapturing New Jersey’s global leadership position in innovation and creating the most diverse and inclusive innovation ecosystem in America.”

Sullivan noted that, in addition to benefiting from the purchase of tax credits, corporations participating in the NJIEF will help drive New Jersey’s innovation ecosystem through their strategic engagement with emerging companies in which the NJIEF will later invest.

Established by the New Jersey Economic Recovery Act of 2020, the NJIEF is an innovative tool designed to incentivize investment in emerging New Jersey companies while creating mentoring, networking, and educational opportunities to help position these companies for success.

Corporations seeking to purchase the tax credits must commit to supporting the state’s innovation economy through activities such as mentorship, internships, sales and distribution pipeline access, and availability to serve on the NJIEF Advisory Board for one year. Completed applications, including a refundable deposit, must be received by October 7, 2022.

“New Jersey has vast appeal for businesses seeking top talent, a thriving innovation community, and a prime location, and the NJIEF will be an additional tool for attracting corporations and startups choosing to start and grow within our state,” NJEDA Chief Economic Transformation Officer Kathleen Coviello said. “We look forward to seeing the growth that will result from this investment of funding and targeted sharing of intellectual capital.”

Full details on the NJIEF are available at https://www.njeda.com/evergreen.

About the NJEDA

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

To learn more about state resources available to New Jersey entrepreneurs and early-stage companies, visit https://www.njeda.com and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

###

NJ ZIP pondrá a disposición $45 millones adicionales y ampliará la elegibilidad para incluir vehículos de carga pesada más adelante este año

LYNDHURST, N.J. (20 de julio de 2022) – La Autoridad para el Desarrollo Económico de Nueva Jersey (New Jersey Economic Development Authority, NJEDA) anunció la expansión del Programa de incentivos para emisiones cero de New Jersey (New Jersey Zero Emission Incentive Program, NJ ZIP) para apoyar a las empresas e instituciones en todo el estado que están comprando vehículos de carga mediana y pesada nuevos con cero emisiones que operan en Nueva Jersey. La semana pasada, la Junta de la NJEDA aprobó una expansión de $45 millones a través de su asignación de la Iniciativa Regional de Gases de Efecto Invernadero (Regional Greenhouse Gas Initiative, RGGI), duplicando el monto de financiamiento dedicado al programa.

Además del aumento de los fondos para el programa, la Junta de la NJEDA también aprobó dos cambios importantes de elegibilidad con respecto a la fase anterior, ampliando la elegibilidad para incluir clases de vehículos de carga pesada y ampliando a todo el estado, además de las cuatro comunidades piloto de la primera fase.

El director ejecutivo de la NJEDA, Tim Sullivan se reunió con Vanessa y Luis Abad afuera de las oficinas de la Cámara Estatal de Comercio Hispana de Nueva Jersey (Statewide Hispanic Chamber of Commerce of New Jersey, SHCCNJ), que fue esencial para promover el programa piloto para dueños de empresas, para anunciar la expansión del programa. La empresa de los Abad, ENAT Transportation & Logistics, ubicada en Ridgefield Park, fue una de las primeras empresas aprobadas para recibir el apoyo del programa. Los Abad y Sullivan, junto con el gerente general de ventas de GreenPower Motor Company Larry Sharp, colocaron calcomanías para parachoques de “Powered by NJ ZIP” en tres de los vehículos de carga mediana de cero emisiones financiados por el programa NJ ZIP. GreenPower Motor Company es un vendedor autorizado del programa NJ ZIP al cual ENAT Transportation & Logistics compró sus vehículos. 

El mes pasado, la NJEDA había aprobado 144 solicitudes del programa NJ ZIP por un total de $32.2 millones en comprobantes para vehículos de carga mediana de cero emisiones, con más solicitudes aún en proceso.  La NJEDA anticipa que la expansión del programa permitirá que se adjudiquen de 200 a 400 comprobantes adicionales. Más del 90 por ciento de las entidades aprobadas a la fecha son pequeñas empresas y aproximadamente el 57 por ciento son empresas propiedad de minorías o mujeres. Se espera que los vehículos que han recibido apoyo hasta ahora tengan como resultado una reducción de las emisiones anuales de carbono de más de 6,500 toneladas cortas dentro de las comunidades en las que operan.

“Más del 40 por ciento de las emisiones de carbono de Nueva Jersey son producto de los vehículos, por lo que ayudar a las pequeñas empresas a hacer la transición a una tecnología con cero emisiones es un paso clave para acelerar los esfuerzos del Gobernador Phil Murphy para mejorar la calidad del aire y crear oportunidades económicas dentro del estado”, dijo Sullivan. “Las pequeñas empresas que participan en el programa aprovecharán los beneficios de tener vehículos eléctricos al modernizar sus flotas con vehículos amigables con el medio ambiente de última generación que no solo reducen costos de combustible y requieren menos mantenimiento, sino que mitigan los impactos ambientales nocivos de las emisiones del transporte en las comunidades de toda Nueva Jersey”.

ENAT Transportation & Logistics, uno de los primeros adjudicatarios del programa NJ ZIP en recibir sus vehículos, está en camino a la transición de toda su flota comercial a vehículos eléctricos dentro de los próximos cinco años y actualmente trabaja con Bergen Community College como lugar para albergar sus vehículos de cero emisiones como parte del Bergen Community College Business Accelerator.

“NJ ZIP es un recurso fantástico para que pequeñas empresas como la mía puedan hacer la transición a una flota eléctrica mientras nos esforzamos por reducir nuestra huella de carbono y el beneficio adicional que da a empresas propiedad de minorías y mujeres, como la mía, al tener la oportunidad de progresar”, dijo Abad. “Los $40,000 adicionales en bonos que recibimos por ser una pequeña empresa propiedad de minorías y mujeres nos ha permitido competir con otras compañías de transporte en una industria que tradicionalmente ha estado operada por hombres”.

“El programa NJ ZIP ofrece un camino claro y accesible para que las empresas de toda Nueva Jersey, en especial aquellas en comunidades desatendidas, compren y conduzcan vehículos eléctricos”, dijo Sharp. “GreenPower Motor seguirá suministrando algunas de las primeras camionetas y camiones eléctricos comerciales a empresas de Nueva Jersey que dan el paso audaz de reducir su huella de carbono para abordar el cambio climático. Esperamos poder continuar suministrando vehículos eléctricos de cero emisiones a futuros beneficiarios a través del programa NJ ZIP”.

Otra pequeña empresa que recientemente recibió apoyo del programa NJ ZIP es Juan Kelmy Productions, LLC, del Condado de Camden. Ubicada en Sicklerville, esta pequeña empresa propiedad de minorías es una compañía de eventos de fotografía, mercadeo y diseño web que trabaja en la zona triestatal.

“Nuestra empresa está orgullosa de ser beneficiaria de comprobantes para vehículos eléctricos del programa NJ ZIP, lo que nos apoyará en nuestras operaciones comerciales cotidianas”, dijo el dueño de Juan Kelmy Productions, Juan Martínez. “Los fondos que recibimos de este programa aumentan aún más nuestro compromiso con las iniciativas de energías limpias que contribuyen con nuestros objetivos de cero emisiones para hacer la transición a vehículos eléctricos nuevos”.

“El NJDEP se complace en asociarse con la NJEDA para reducir las emisiones de gases de efecto invernadero que contribuyen al calentamiento global y el cambio climático en nuestro estado”, dijo el comisionado del Departamento de Protección Ambiental de New Jersey (Department of Environmental Protection, NJDEP), Shawn LaTourette. “Dado que el sector del transporte de Nueva Jersey constituye la mayor fuente de estas emisiones, la expansión del programa NJ ZIP constituye un paso adelante significativo. Estos tipos de alianzas también demuestran el poder y la fortaleza de la colaboración entre agencias estatales. El programa NJ ZIP apoya a las pequeñas empresas con un ojo hacia la transición de su flota de vehículos actual a alternativas de cero emisiones, ayudar a proteger el medio ambiente, mejorar la salud pública y promover la justicia ambiental y los objetivos de energía limpia”.

Además de ampliar la capacidad de financiamiento del programa, la NJEDA también trabajará para identificar y asociarse con una universidad de Nueva Jersey para que brinde asistencia técnica como parte del programa NJ ZIP. Esta asistencia ofrecerá orientación esencial a pequeñas empresas mientras presentan sus solicitudes para comprobantes para vehículos eléctricos.

La NJEDA anticipa la apertura del proceso de aplicaciones, incluyendo empresas en partes del estado que ahora son elegibles, en los próximos meses. Los comprobantes estarán disponibles por orden de llegada. Para obtener más información sobre el programa NJ ZIP, incluyendo todos los requisitos de elegibilidad para proveedores y compradores, visite https://www.njeda.com/njzip


Acerca de la Iniciativa regional de gases de efecto invernadero de Nueva Jersey (RGGI)

En 2020, la NJEDA, junto con el NJDEP y NJBPU, lanzó el primer Plan de financiamiento estratégico de la Iniciativa regional de gases de efecto invernadero de Nueva Jersey (RGGI) del estado. El Plan identificó las cuatro iniciativas en las que las agencias invertirán las ganancias de las subastas de la RGGI entre 2020 y 2022. El programa NJ ZIP se financia con fondos asignados a la NJEDA por la RGGI con el fin de reducir las emisiones nocivas, en especial en comunidades afectadas desproporcionadamente por las emisiones del transporte, y para crear oportunidades económicas en el estado.

Acerca de la Autoridad para el desarrollo económico de Nueva Jersey

La Autoridad para el desarrollo económico de Nueva Jersey (NJEDA) es la agencia principal del Estado para impulsar el desarrollo económico. La NJEDA tiene el compromiso de hacer del Estado de Nueva Jersey un modelo nacional para el desarrollo económico inclusivo y sostenible al centrarse en estrategias clave para ayudar a forjar comunidades fuertes y dinámicas, crear buenos trabajos para los residentes de New Jersey y ofrecer oportunidades para una economía más sólida y justa. La NJEDA tiene el compromiso de hacer del Estado de Nueva Jersey un modelo nacional para el desarrollo económico inclusivo y sostenible al centrarse en estrategias claves para ayudar a construir comunidades fuertes y dinámicas, crear buenos trabajos para los residentes de Nueva Jersey y ofrecer oportunidades para una economía más sólida y justa.
 
Para obtener más información acerca de los recursos de la NJEDA para empresas, llame a la línea de atención al cliente de NJEDA al 844-965-1125 o visite https://www.njeda.com y siga @NewJerseyEDA en FacebookTwitter, Instagram y LinkedIn. 

###

El Programa Sustain & Serve NJ va Camino de Comprar Cinco Millones de Comidas a Más de 430 Restaurantes de New Jersey

TRENTON, N.J. (13 de julio de 2022) – La Autoridad para el desarrollo económico de New Jersey (NJEDA) anunció que tiene previsto otorgar subsidios por un total de 17,5 millones de dólares a 30 organizaciones sin fines de lucro a través de la tercera fase de su exitoso programa Sustain & Serve NJ. El programa Sustain & Serve NJ proporciona a entidades elegibles subsidios para apoyar la compra de comidas a restaurantes de New Jersey que han sido afectados negativamente por la pandemia de COVID-19 y para apoyar la distribución de esas comidas sin costo para los beneficiarios. Los 17,5 millones de dólares adicionales anunciados hoy elevan la financiación total del programa a 52,5 millones de dólares.

Sustain & Serve NJ se lanzó durante la pandemia como un programa piloto de 2 millones de dólares para impulsar los restaurantes afectados por COVID y se ha convertido en un programa de más de 50 millones de dólares que sigue llevando alimentos muy necesarios a la gente de todo el estado de New Jersey. Desde febrero de 2021, Sustain & Serve NJ ya ha financiado la compra de más de 3,5 millones de comidas en más de 400 restaurantes de los 21 condados con subsidios por un total de 35 millones de dólares.

La fase 3 de Sustain & Serve NJ está financiada por 10 millones de dólares asignados por el gobernador Phil Murphy del Plan federal de rescate estadounidense y aproximadamente 7,5 millones de dólares de financiación estatal. Se prevé que la financiación de esta última fase sirva para comprar 1,5 millones de comidas adicionales.

“Sustain & Serve NJ se ha convertido en un modelo nacional para hacer frente a la inseguridad alimentaria, apoyando a las pequeñas empresas que son el corazón de nuestras comunidades, y proporcionando financiamiento a entidades sin fines de lucro que prestan servicios vitales”, dijo la gobernadora en funciones Sheila Y. Oliver. “Combatir el hambre sigue siendo una prioridad absoluta, y es más importante que nunca que las organizaciones sin fines de lucro cuenten con los recursos necesarios para alimentar a las personas de sus comunidades”.

“Durante toda la pandemia, el gobernador Murphy nos ha desafiado a emplear métodos innovadores para apoyar a las empresas, a las organizaciones sin fines de lucro y a los habitantes de New Jersey que lo necesiten, y Sustain & Serve NJ ha sido un gran activo para ayudarnos a cumplir ese objetivo”, afirmó el director ejecutivo de la NJEDA, Tim Sullivan. “Tenemos la obligación de ayudar a nuestros conciudadanos de New Jersey que se enfrentan a la inseguridad alimentaria todos los días. Las organizaciones sin fines de lucro y los restaurantes son aliados fundamentales en esa misión y apoyarlos es una parte importante de nuestro compromiso para erradicar el hambre, crear puestos de trabajo y estimular el crecimiento económico y la seguridad de nuestro estado”.

Sullivan señaló que Sustain & Serve NJ es una parte clave de los esfuerzos de la NJEDA para fortalecer la seguridad económica de todos los habitantes de New Jersey. La Autoridad está planteando una estrategia múltiple para eliminar los desiertos alimentarios dentro del estado y para reforzar el sector del cuidado infantil, una industria cuya importancia crítica se puso de manifiesto durante la pandemia de COVID-19. La NJEDA también está trabajando con socios de todo el estado para crear un Centro de Innovación en Salud Materno-Infantil en Trenton como parte de la iniciativa Nurture NJ de la Primera Dama Tammy Murphy para hacer de New Jersey el lugar más seguro y equitativo para dar a luz en el país.

“La verdadera prosperidad económica solo puede lograrse cuando se atienden las necesidades de todos, incluida la necesidad más básica de seguridad alimentaria”, manifestó la Vicepresidenta ejecutiva de Seguridad Económica de la NJEDA, Tara Colton. “Los beneficiarios de Sustain & Serve NJ son organizaciones sin fines de lucro extraordinarias que se comprometen a alimentar a sus vecinos y a apoyar a sus comunidades con respeto y dignidad”. 

A la espera del resultado de las revisiones finales, la NJEDA prevé otorgar subvenciones a las siguientes organizaciones sin fines de lucro para que participen en la Fase 3 del programa Sustain & Serve NJ. Las organizaciones marcadas con un asterisco (*) son nuevas para la Fase 3 del Programa Sustain & Serve NJ.

Organización Ubicación de Restaurantes Participantes 
NombreSede PrincipalMunicipalidad(es)Condado(s)
A Need We Feed Inc.JacksonRed Bank, Manahawkin, Seaside Heights, Farmingdale Borough, Lakehurst, Toms RiverMonmouth, Ocean
All Access Community Development Corporation*HackensackBergenfield, MaywoodBergen
AtlantiCare FoundationEgg HarborGalloway, Ventnor, Egg Harbor, Galloway, HammontonAtlantic
Chef Lou’s ArmyManasquanManasquan, Wall,Monmouth
Coalition for Food and Health EquityJersey CityMontclair, Newark, Englewood, Jersey City, Kearny, North Bergen, LivingstonEssex, Hudson, Bergen
Newark Working Kitchens (Community Foundation of New Jersey)MorristownNewarkEssex
Congregation Bnos DevorahLakewoodLakewoodOcean
Eva’s Village, Inc.*PatersonHaledonPassaic
FoodBank of Monmouth and Ocean Counties (Fulfill)NeptuneRed Bank, Manasquan, Freehold, Asbury Park, Toms River, Seaside Heights, Neptune, Brick, Wall, Belmar, Long Branch, Holmdel, Ocean CityMonmouth, Ocean
Front Line Appreciation Group of Millburn Short HillsShort HillsMillburnEssex
HealthBarn FoundationLyndhurstRidgewoodBergen
HMH Hospitals CorporationEdisonNew Milford, South HackensackBergen
Joseph Kushner Hebrew Academy Inc.LivingstonLivingstonEssex
Meals on Wheels of Mercer CountyEwingPennington, Ewing, Trenton, Lawrenceville,Mercer
Metuchen Downtown Alliance*MetuchenMetuchenMiddlesex
Mid-Atlantic States Career and Education CenterPennsvillePennsville, SalemSalem
Morristown Rotary ClubMorristownMorristown, VeronaMorris, Essex
New Jersey Chaplains Association*LakewoodLakewoodOcean
New Jersey Farmers CooperativeCape MayCape MayCape May
Our Community Dinner TableSouth HackensackBergenfield, Englewood, Fort Lee, Palisades ParkBergen
Power Changes LivesMorris PlainsBergenfield, Bordentown, Bridgeton, Clark, Clementon, Clinton, Englewood, Englishtown, Freehold, Jersey City, Keyport, Linwood, Mahwah, Monmouth, Montclair, Morristown, New Brunswick, Newark, Ocean City, Parsippany, Princeton, Ringos, River Vale, Rochelle Park, South Amboy, Teaneck, Washington, Wayne, West WindsorAtlantic, Burlington, Bergen, Camden, Cape May, Cumberland, Essex, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Passaic, Union
Rescue Mission of TrentonTrentonTrenton, EwingMercer
Share My MealsPrincetonPrinceton, Skillman, Montgomery,Mercer, Somerset
Soup Kitchen 411 (FeedNJ)HightstownMontclair, Union, Hightstown, Belmar, Ringwood, Metuchen, Linden, Ewing, Englishtown, New Brunswick, Tinton Falls, Morristown, Hoboken, Toms River, Piscataway, Belford, Hamilton, Asbury Park, Freehold, Middletown, Jersey City, Roselle, Camden, Lawrenceville, Medford, Morristown, Penns Grove, Cranford, Englewood, Fairview, Perth Amboy, Vineland, Glassboro, Haddon, Newark, Raritan, Belleville, Summit, Sayreville, Eatontown, Princeton, Leonardo, Branchville, South River, Bayonne, East Brunswick, Wharton, Brick, South Amboy, West Windsor, Long Branch, Neptune, Monroe, Nutley, Netcong, Parsippany, Westfield, Scotch Plains, Red Bank, Elizabeth, Bradley Beach, Ridgewood, Shrewsbury, Wallington, Fairview, HaledonEssex, Hudson, Monmouth, Mercer, Passaic, Middlesex, Union, Ocean, Camden, Burlington, Salem, Cumberland, Gloucester, Bergen, Somerset, Sussex
Toni’s Kitchen, a food ministry of St. Luke’s ChurchMontclairMontclair, CaldwellEssex
TASK Inc (Trenton Area Soup Kitchen)TrentonEast Windsor, Ewing, Hamilton, Lawrenceville, Pennington, Princeton, West WindsorMercer
The Cliffside Park Hall of Fame FoundationCliffside ParkCliffside Park, Hillsdale, Northvale, River Vale, Rochelle Park, South Hackensack, Washington Township, Westwood Bergen
The Foundation for University HospitalNewarkBelleville, Newark, Rutherford Bergen, Essex
The Summit FoundationSummitSummitUnion
Family Food Relief of New Jersey (Tomchei Shabbos D’Lakewood)*LakewoodLakewoodOcean

Acerca de la NJEDA

La Autoridad para el desarrollo económico de New Jersey (NJEDA) es la agencia principal del Estado para impulsar el desarrollo económico. La NJEDA tiene el compromiso de hacer del Estado de New Jersey un modelo nacional para el desarrollo económico inclusivo y sostenible al centrarse en estrategias claves para ayudar a construir comunidades fuertes y dinámicas, crear buenos trabajos para los residentes de New Jersey y ofrecer oportunidades para una economía más sólida y justa. Mediante asociaciones con diversas partes interesadas, la NJEDA crea e implementa iniciativas para mejorar la vitalidad económica y la calidad de vida en el Estado y para fortalecer la competitividad económica a largo plazo de New Jersey.

Para obtener más información acerca de los recursos de la NJEDA para empresas, llame a la línea de atención al cliente de NJEDA al (844) 965-1125 o visite https://www.njeda.com y siga a @NewJerseyEDA en FacebookTwitterInstagram y LinkedIn.

###