Webinar will Showcase Recipients from NJ ZIP’s First Phase to Share Insights and Experiences

TRENTON, N.J. (January 25, 2023) – The New Jersey Economic Development Authority (NJEDA) will host a webinar to provide small business owners in New Jersey with details of the expanded New Jersey Zero-Emission Incentive Program (NJ ZIP) on Thursday, February 2. Several small business owners who are Phase 1 recipients of the program will share their testimonials and experiences.

In line with Governor Phil Murphy’s vision to use 100 percent clean energy statewide by 2050, NJ ZIP aims to accelerate the adoption and use of zero-emission vehicles across the state, reduce overall pollutants, and help institutions and businesses go green. More than $39 million in vouchers has been approved through Phase 1 of the program. Those who benefited from the vouchers will discuss the impact on their organizations and take questions from prospective applicants. Learn more about NJZIP here

The NJEDA announced the $45 million expansion of the program in July 2022, which includes two important additions – statewide eligibility and purchase of heavy-duty in addition to medium-duty vehicles. The program first launched in 2021 as a pilot program available only to businesses in the greater Newark and Camden areas, and subsequently expanded to the greater New Brunswick and greater Jersey Shore areas. Phase 1 of the program only supported medium-duty vehicles.

Purchasers will be able to apply for vouchers ranging from $20,000 to $175,000, based on vehicle class, to support their purchases of medium- and heavy-duty vehicles that meet zero-emission standards. Additional bonuses are available. The application for Phase 2 of NJ ZIP is expected to launch in the coming weeks.

Complete program eligibility and details can be found at http://www.njeda.com/njzip.

The webinar is scheduled 12:00 p.m. to 1:00 p.m. on February 2. Those interested can find out more about the program and register for the webinar at https://www.njeda.com/event/nj-zip-purchaser-application-overview/. A recorded version of the information session will be posted at http://www.njeda.com/njzip following the event.  

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 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.

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Spending on film and television production exceeds $650 million for 2022

LOS ANGELES – Governor Phil Murphy and the New Jersey Motion Picture and Television Commission announced today that overall in-state production spending from filmmaking exceeded $650 million in 2022, besting the previous record of $500 million set for 2021. The announcement came at the outset of a series of meetings in California between Governor Murphy and the film, TV, and technology industries.

The record spending followed a busy year that saw a surge in production after Thanksgiving. In addition, motion picture, television and streaming productions in the state created over 8,500 jobs in 2022. That number is expected to grow significantly in the coming years as several major studios finish construction.

“Following my reinstatement of the Film and Digital Media Tax Credit program and game-changing investments in our rapidly expanding film and television industries, production has exploded in the past four years as more people learn what New Jersey has to offer,” said Governor Murphy. “This huge growth has fueled thousands of jobs for New Jersey residents while providing economic benefit to our towns and cities.”

Total production spending in New Jersey has surged since 2018, when Governor Murphy reinstated the Film and Digital Media Tax Credit program. The program, which was expanded in 2021, has made New Jersey a major filming hub on the east coast.

“People all over the state are experiencing the thrill of having the next box office hit or television series filmed in their community. These productions, plus the recent addition of some top-tier studio development projects, will continue to drive economic activity and create many thousands of employment opportunities for New Jerseyans from diverse backgrounds long into the future,” said Secretary of State Tahesha Way. “Governor Murphy’s leadership of the state’s thoughtful, cross-agency approach is preserving New Jersey’s legacy as the birthplace of film and cementing its place in the industry as a nurturing home where creative careers and projects can thrive.”

New Jersey was the backdrop for dozens of feature films over the past year, including Oppenheimer, Inappropriate Behavior, and Maybe I Do. Major television series filmed here included The Walking Dead: Dead City and Harlan Coben’s Shelter.

The surge in production has been accompanied by increased interest from studios looking to set up shop in New Jersey. In 2022, Lionsgate broke ground on a Newark location, and last month Netflix’s bid to purchase property at Fort Monmouth for a major east coast hub was approved by the Fort Monmouth Economic Revitalization Authority. Projects in Bayonne and Carteret have also made progress as content producers search for space to set up shop.

“From the start, Governor Murphy has been determined not only to increase production, which we’ve done, but also to attract major studios to New Jersey,” said Tim Sullivan, Chief Executive Officer of the New Jersey Economic Development Authority. “With the flood of interest from major content producers we could see millions of square feet of studio space become available in the next three years.”

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First Lady Tammy Murphy (immediately left of podium) poses with NJEDA Chief Executive Officer Tim Sullivan (behind podium), CSIT Executive Director Judith Sheft (far right), CSIT staff members and Maternal and Infant Health R&D Grant Program awardees following today’s event.

Trenton, N.J. (January 20, 2023) – The Commission on Science, Innovation and Technology (CSIT) Board today awarded a combined $1.275 million in grants to 17 startups to accelerate the development of technologies, products, and services that support maternal and child wellbeing. The grants were awarded through CSIT’s Maternal and Infant Health Research & Development (R&D) Grant Program, which launched last June.

Through the Maternal and Infant Health R&D Seed Grant Program, CSIT will advance the innovation economy through the development of critically necessary research, products, and services designed to support maternal and infant health. This effort supports the goals established by the Nurture NJ Strategic Plan, which aims to make New Jersey the safest place in America to deliver a baby, specifically focusing on ending racial disparities in maternal and infant health outcomes. Launched in 2019 by Governor Phil Murphy and First Lady Tammy Murphy, Nurture NJ is a comprehensive, whole-of-government effort to reduce maternal and infant mortality and morbidity and ensure equitable care among women and children of all races and ethnicities in New Jersey.

“New Jersey is home to some of the most innovative startups across a myriad of industries, and it is my honor to be here today to recognize some of the top startups in maternal and infant health,” said First Lady Tammy Murphy. “As we celebrate our sixth annual Maternal Health Awareness Day here in New Jersey, I reflect on the significant work we have accomplished and what has yet to come. In the next three years, a top priority is to build a thriving Maternal and Infant Health Innovation Center in Trenton that will continue this groundbreaking work long past the Murphy administration. I am certain that today’s grant recipients will be essential partners to the Center and to Nurture NJ.”

In line with Governor Murphy’s vision to create the most diverse and inclusive innovation economy in the nation, the awardees announced today represent a diverse group of entrepreneurs focused on supporting maternal health in New Jersey. Nearly 40 percent of awardees are self-reported minority-owned startups and 33 percent are self-reported women-owned businesses. The following startups within New Jersey’s life sciences, technology, and non-retail food and beverage sectors were each awarded grants of up to $75,000:

“We are proud to work with First Lady Murphy and our partners around the state to support the crucial and lifesaving work being done through the Nurture NJ initiative,” said CSIT Executive Director Judith Sheft. “Helping these startups to advance their products and services from ideas through commercialization will have a lasting impact on the quality of care for New Jersey’s mothers and infants.  The awardees are working on a variety of drug, diagnostic, hardware and software solutions to address and improve maternal and infant health.”

The Maternal & Infant R&D Seed Grant Program started as a $750,000 program, but given the high volume of quality applications and interest from the startup community, the CSIT Board announced additional funding today that nearly doubles the amount available for awards to $1.275 million. As part of the agreement signed last year between the New Jersey Economic Development Authority (NJEDA) and CSIT, the NJEDA dedicated $250,000 from the Economic Recovery Fund towards this program. CSIT provided the remainder of the funding from its Fiscal Years 2022 and 2023 budgets.

NJEDA Chief Executive Officer Tim Sullivan noted that the NJEDA’s investment in this program represents the Authority’s commitment to maternal and infant health innovation. The awardees exemplify the type of innovative work that will be housed at the Maternal and Infant Health Innovation Center currently being developed in Trenton.

“Under Governor Murphy’s and First Lady Murphy’s leadership, CSIT and the NJEDA are finding innovative ways to help make New Jersey the safest place to give birth and focusing on ending racial disparities in maternal and infant health,” Sullivan said. “These grant awards serve the dual purpose of prioritizing investment into programs, research, and services that improve the lives of women and children, while also working to drive down the racial inequities that exist in access to care. In addition, we are furthering opportunities for young, innovative companies in the Garden State.”

First Lady Murphy joined Sheft, Sullivan, CSIT Board members, legislators, and industry leaders to announce the awards today at the NJEDA’s New Jersey Bioscience Center (NJBC) – Step-Out Labs in North Brunswick. Strategically located in the heart of the State’s research corridor between Rutgers and Princeton universities, the NJBC Step-Out Labs provides a life sciences workplace environment for post-incubation and rapidly growing biopharmaceutical companies.

“Today, through the combined work of so many partners, 17 startups are poised to receive more than $1 million in funding to move their projects forward,” said CSIT Chair Debbie Hart. “We applaud those innovators who are creating solutions where they are so desperately needed, as well as the First Lady for her foresight and commitment to this important work. We are grateful to have the opportunity to partner in this way and that babies and their families will benefit in meaningful ways.”

About the New Jersey CSIT

In August 2018, Governor Murphy signed legislation re-establishing the former New Jersey Commission on Science and Technology as the CSIT. Comprised of representatives from the public and private sectors, as well as academia, the Commission is tasked with leading the way in promoting the State as a home for academic and technological research, development, and commercialization.

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, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.com and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

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Opportunity for stakeholders to learn about this first-in-the-nation investment program

TRENTON, N.J. (January 20, 2023) – The New Jersey Economic Development Authority (NJEDA) will hold a virtual information session to provide venture capitalists, private equity investors, and New Jersey startups with information on how they can access capital from the New Jersey Innovation Evergreen Fund (NJIEF). Established by Governor Phil Murphy’s New Jersey Economic Recovery Act of 2020, the NJIEF is a ground-breaking tool designed to grow the state’s innovation economy by catalyzing up to $600 million to support early-stage innovation-focused businesses in New Jersey, while creating mentoring, networking, and educational opportunities to help position these companies for success.

Last month, the NJEDA announced the results of a $50 million tax credit auction, in which established corporations committed funding, technical assistance, and mentorship to help startup businesses in the state. Funds raised through the tax credit auction are expected to help support six to ten high-growth businesses this year.

The information session will be held on January 26th at 9:30 a.m. Register at https://www.njeda.com/event/njeda-innovation-evergreen-fund-investment-program/. A recorded version of the information session will be posted at http://www.njeda.com/evergreen following the event.  

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 NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.com and follow @NewJerseyEDA on FacebookTwitter, Instagram, and LinkedIn.

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Would-Be Entrepreneurs Can Learn How to Apply for
Up to $400,000 in Income Replacement Funding & Mentorship

TRENTON, N.J. (January 13, 2023) – The New Jersey Economic Development Authority (NJEDA) today announced it will host a webinar next week for would-be entrepreneurs to learn how they can apply for grants of up to $400,000 to pursue their endeavors through the upcoming $10 million New Jersey Innovation Fellows (NJIF) program. The January 19th virtual information session will offer an overview of the program and will provide insight on how the competitive program will support teams of at least three entrepreneurs with mentorship, training, and income replacement capital over a two-year period. Entrepreneurs interested in attending the webinar can register at https://www.njeda.com/event/njeda-innovation-fellowship-program/.

Applications are expected to launch in the first quarter of 2023 for the NJIF, which is designed to replace a stream of income an entrepreneur might forgo to launch an early-stage business. The NJEDA anticipates that support from the NJIF Program will attract innovative ideas and entrepreneurs who would otherwise be unable to pursue the launch of a new venture due to the need for income or, in the case of a recent graduate, who would choose to accept employment in lieu of entrepreneurship due to socio-economic constraints. The program will be open to would-be entrepreneurs in the following industries: advanced transportation and logistics, advanced manufacturing, aviation, autonomous vehicle and zero-emissions research or development, clean energy, clean technology, life sciences, hemp processing, information and high technology, finance and insurance, professional services, film and digital media, and non-retail food and beverage business (including food innovation).

The NJIF Program will award 10 to 16 grants across two cohorts annually of $200,000 per team. In keeping with Governor Murphy’s vision for inclusive economic growth, teams may access an additional $50,000 award on top of the $200,000 base award if one entrepreneur verifies residency in a designated Opportunity Zone in New Jersey. Teams may be awarded an additional $50,000 for each entrepreneur leader who self-certifies as a minority or female entrepreneur or is a graduate of a New Jersey college or university. Qualifying teams may receive additional bonuses of up to $150,000 in aggregate for certifying team members, resulting in a total $400,000 award. To be eligible for the NJIF Program, at least half of the team must certify as “first-time entrepreneurs” and at least half of the entrepreneur team must come directly from the workforce. In addition to the financial benefits of the program, all entrepreneur fellows must participate in a mentorship program.

The NJEDA expects to open the NJIF Program application semi-annually in 2023 and 2024, until funds are exhausted.

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 Facebook, Twitter, Instagram and LinkedIn.

 
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Subsidies to Adopt New Grocery Delivery Models to Aid Food Desert Community Residents

TRENTON, N.J (January 6, 2023) – The New Jersey Economic Development Authority (NJEDA) Board announced at its December meeting the approval of a new grant program targeted at strengthening food security in the state’s 50 Food Desert Communities (FDC), which are home to 1.5 million New Jersey residents across a diverse range of communities in all 21 counties. This spring, food retailers will be able to apply for the Food Retail Innovation in Delivery Grant (FRIDG) to assist in the purchase and installation of temperature-controlled lockers to expand food delivery options and improve food access for Food Desert Community residents. FRIDG will provide last mile solutions that help FDC residents tap into the exponential growth in online grocery shopping with delivery to a convenient location in their community.

The $2.5 million allocation appropriated through the Fiscal Year 2022 state budget is aligned with Governor Phil Murphy’s commitment to combating food insecurity, including Sustain & Serve NJ, the Food Security Planning Grant and the Food Desert Relief Act, which will provide up to $40 million per year to support a variety of programs that increase access to affordable, nutritious food through funding for supermarkets, small- and mid-size retailers, and other entities that support food security initiatives. NJEDA is also currently seeking public feedback on the Food Desert Relief Tax Credit Program, which aims to support the development and initial operations of new supermarkets and grocery stores in FDCs.

“The FRIDG program will build upon Governor Murphy’s vision and the work being done to uplift those in the state’s targeted Food Desert Communities,” said NJEDA Chief Executive Officer Tim Sullivan. “People should be able to benefit from the advancements in grocery delivery and access nutritious food regardless of their zip code. With this new program, we will make New Jersey a leader in pioneering a new approach to food access in partnership with food retailers.”

“The creation of crucial resources and programs, such as the FRIDG program, plays an important role in our work to stem food insecurity in households across New Jersey,” said Assembly Speaker Craig J. Coughlin (D-Middlesex). “This program will help bridge the gap in access to balanced, nutritional meals for working families living in food desert communities in our state, building on our efforts to put food on the table of all New Jerseyans. Meeting the most basic needs of our residents must be our priority and the FRIDG program helps us accomplish this by building on our existing hunger-fighting initiatives.”

Food retailers with at least one physical location in New Jersey can apply for up to $250,000 in funding to purchase and install self-contained, temperature-controlled lockers in one of New Jersey’s 50 designated FDCs. These companies must be authorized to accept online orders paid with Supplemental Nutrition Assistance Program (SNAP) benefits. As of September 2022, there were 789,276 New Jersey residents receiving SNAP benefits, including nearly 350,000 children. In 2020, the NJ Department of Human Services (NJDHS) launched a pilot program to allow SNAP recipients to use their benefits to purchase groceries online. This aligns with the broader growth in online grocery ordering, which now accounts for almost 10 percent of all grocery sales nationwide and is projected to surpass 20 percent by 2026. New Jersey SNAP recipients can now purchase groceries online from 16 retailers, but many FDC residents remain unable to receive groceries as they lack a reliable delivery location due to unpredictable work schedules, family obligations or housing insecurity. The FRIDG lockers are intended to provide FDC residents with a safe, convenient location where their grocery orders – including fresh produce and dairy – will stay fresh until they are retrieved at a convenient time. 

“Food assistance through SNAP puts food on the table for many New Jersey families. But for residents without ready access to fresh, nutritious food, this assistance is incomplete,” NJDHS Commissioner Sarah Adelman said. “The FRIDG program bridges the gap by allowing retailers who participate in the states’ online ordering flexibility to better serve customers where they live and work. This program, with the strong leadership and partnership of NJEDA, truly demonstrates the Murphy Administration’s whole-of-government approach to addressing food insecurity.”

Retailers must submit an application detailing their plan to purchase these lockers before actually buying one. The FRIDG grants will cover at least 30 percent of the initial costs, including the installation, which is subject to the state’s prevailing wages and affirmative action laws for installation costs above $2,000. Applicants may increase their grant award through bonuses to cover up to 50 percent of the project costs for commitments such as waiving delivery fees (including for SNAP recipients) and partnering with community-based organizations to host the lockers. The lockers must be installed in public places with easy general access to the public to allow residents to easily access to groceries. such as community centers or libraries, not lobbies of apartment complexes with keycards or locks or other sites with restricted access. The Authority will disburse funds to the purchasing companies following the installation, which will be the lower amount between the determined percentage or $250,000.

“There is no single solution to alleviating food deserts, and FRIDG is a vital element of Governor Murphy’s growing portfolio of food security initiatives,” said NJEDA Executive Vice President for Economic Security Tara Colton. “This program is pioneering a new approach to food access in partnership with food retailers. By meeting people where they are – literally – we aim to eliminate some of the structural and logistical barriers to fresh and nutritious food that should be the standard for all New Jersey residents, regardless of where they live.”

“True food security exists when all people, at all times, have physical, economic, and social access to safe, sufficient, and nutritious food,” said Mark Dinglasan, Director of the Office of the Food Security Advocate (OFSA). “The FRIDG program is an innovative approach to food security that encourages public/private partnerships, decreases stigma, leverages technology, and fulfills a good portion of the definition of food security. OFSA is proud to support the NJEDA in this effort and looks forward to continued innovation and collaboration that we can bring to bear when we all work together and push each other to think outside the box.”

Retailers can apply for multiple grants, providing they offer one locker unit per FDC and do not try to install one in a FDC that has already received approval.  The application window will be open for 18 months from the start date or until the funds are exhausted, whichever comes first. This is not a competitive application process, and all candidates will be evaluated separately as applications are received. Upon approval, grantees will have 12 months to install the lockers, with up to two six-month extensions available, pending Authority approval.

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 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.

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TRENTON, N.J. (December 23, 2022) – Today, the New Jersey Economic Development Authority (NJEDA) released information on the state’s Food Desert Relief Tax Credit Program and announced dates for public listening sessions. Established by the New Jersey Economic Recovery Act of 2020 (ERA), the Food Desert Relief Act (FDRA) addresses the food security needs of communities across New Jersey by providing up to $40 million per year in tax credits, loans, grants, and/or technical assistance to increase access to nutritious foods and develop new approaches to alleviate food deserts. The NJEDA is seeking public feedback on the first program under the FDRA, the Food Desert Relief Tax Credit Program.

The Food Desert Relief Tax Credit program encourages sustainability of supermarkets for a lasting impact on communities. To be eligible, applicants must demonstrate that with the tax credit award the supermarket will remain open for business for at least seven years. Awards of up to 40 percent of project costs are available for development of the first new or substantially rehabilitated supermarket in a designated Food Desert Community (FDC), while the second supermarket in an FDC can be eligible for an award of up to 20 percent of project costs. Awards will also be available to fill a shortfall in initial operating income, including a reasonable operating profit.

The NJEDA, in collaboration with the Departments of Community Affairs and Agriculture, previously designated 50 FDCs across the state, approved by the NJEDA board in February 2022. These FDCs will be targeted by a variety of programs to increase access to affordable, nutritious food through funding for supermarkets, small- and mid-size retailers, and other entities that support food security initiatives. The program that will be the focus of the upcoming public listening sessions is the Food Desert Relief Tax Credit Program, which aims to support the development and initial operations of new supermarkets and grocery stores in these communities.

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 for the Food Desert Relief Tax Credit Program. There will be an in-depth presentation by NJEDA representatives, with time allowed for questions, comments, and feedback. Members of the public will have the opportunity to offer comment on the information presented.

The virtual sessions will be held:

Those unable to attend these sessions and those that wish to submit written feedback will be able to submit public comment until January 9th. To provide feedback on the Food Desert Relief Tax Credit Program online click here.

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

In addition to the Food Desert Relief Tax Credit program, the ERA creates a suite of programs that includes tax credits to incentivize job creation, new construction, and historic property reinvestment; and financial resources for small businesses. 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/.

The Food Desert Tax Credit Program is part of a broader portfolio of work focused on food security, including the Food Security Planning Grant and Sustain & Serve NJ. For more information on the Food Desert Relief Act and Food Desert Community designations, visit https://www.njeda.com/food-desert-relief-program/.

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. 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 Facebook, Twitter, Instagram, and LinkedIn.

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Due to inclement weather, all NJEDA offices will be closed on Friday, December 23, 2022. Employees are expected to work remotely.

TRENTON, N.J. (December 21, 2022) The New Jersey Economic Development Authority (NJEDA) today announced the award of the first-ever Studio Partner designation under the Garden State Film and Digital Media Jobs Act.  The designation was awarded to Lions Gate Films Inc., which is set to lease space at the Newark studio currently under construction by Great Point Studios, after approval by the NJEDA Board.

“Awarding this designation is a major step in New Jersey’s evolution as a film and television destination,” said Governor Phil Murphy. “Bringing studios like Lions Gate to New Jersey will allow us to attract more and larger productions to our state and will create good, high-paying jobs for our residents.”

The designation awarded to Lions Gate is one of only three available under the film and digital media tax incentive program and will allow the studio partner to capture additional above-the-line wage and salary costs as qualified expenses.  Above-the-line wages and salary are payments made to highly paid individuals like directors, producers, writers, and performers. The studio partner may include in its application for tax credits above-the-line wages and salary expenses of up to $15 million, $25 million, $40 million, or $60 million depending on the amount of qualified film production expenses involved in the project.  In addition, $100 million of the allocation for film and digital media tax credits is set aside for studio partners.

“This is great news for New Jersey’s flourishing film and television industry,” said NJEDA Chief Executive Officer Tim Sullivan. “Lions Gate will be a welcome addition to the film landscape, and we look forward to seeing the ‘Filmed in New Jersey’ logo on Lions Gate films for years to come.”

Great Point Studios Co-Founder Robert Halmi said of today’s announcement, “This is a wonderful development for the many entertainment industry workers and performers in New Jersey and for the state itself. It could not have come about without the help of Governor Phil Murphy, who recognized the importance of this vast project to Newark, the state, and the region.”

Originally created under the Garden State Film and Digital Media Jobs Act, the New Jersey Film and Digital Media Tax Credit Program provides a credit against the corporation business tax and the gross income tax for expenses incurred to produce certain films and digital media content in New Jersey.

The project sits on the former site of the Seth Boyden Housing complex in the South Ward section of Newark. The total planned costs are estimated to exceed $194 million to construct and fit out the 350,000- square-foot studio development.

When complete, the project will include five production stages ranging from 20,000 to 30,000 square feet and will offer a full set of production services on site, including grip and electric, equipment, props, set building, restaurants, location catering, cleaning service and security. Once fully operational, initial projections anticipate over 600 new full-time jobs will be created as a part of the development of this facility. The project site will be developed and operated by Great Point Studios, which operates Lions Gate’s new studio complex in Yonkers, NY.

On September 15, 2022, Great Point Studios entered into a ten-year six-month lease with Lions Gate Films, Inc. for a substantial portion of the Newark studio complex. Pursuant to the lease Lions Gate Films Inc. has committed to occupy 253,000 square feet of the development

Construction work commenced on September 16, 2022, and the studio complex is expected to be completed by September 2024.

Founded in 1998, Lions Gate Films Inc. is a subsidiary of Lions Gate Entertainment Corp.  Lions Gate’s film and television subscription and location-based entertainment businesses include a library of over 17,000 titles including many iconic film and television franchises such as Mad Men, Orange is the New Black, The Hunger Games, La La Land, and the Twilight Saga.

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 Facebook, Twitter, Instagram and LinkedIn.

 
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