Translate
Facebook
Twitter
Instagram
LinkedIn
Soundcloud

Financing and incentives

Programs to provide businesses with low-interest financing through bonds, loan participations, loan guarantees, and variable or fixed-rate loans.

383

Projects / Companies Assisted

$249.1 m

NJEDA Assistance in 2019

1,347

Estimated New Jobs created in 2019

Financing and incentives

The NJEDA has a long history of supporting businesses of all sizes to grow and invest in New Jersey. We offer a broad portfolio of economic development tools such as: jobs-based tax credits, real estate and development tax credits, community development programs, main street technical assistance, innovation economy programs, clean energy programs, and low-interest business financing (including bonds, loan participations, loan guarantees and variable/fixed-rate loans).  Click the programs below to learn more. 

NEw Jersey Economic Recovery Act

Governor Phil Murphy signed the New Jersey Economic Recovery Act of 2020 (ERA) into law on January 7, 2021. The ERA creates a package of tax incentive, financing, and grant programs that will address the ongoing economic impacts of the COVID-19 pandemic and build a stronger, fairer New Jersey economy.

Programs outlined in the law include:

  • Tax credits to incentivize job creation and capital investment;
  • Investment tools to support and strengthen New Jersey’s innovation economy;
  • Tax credits to strengthen New Jersey’s communities including revitalization of brownfields and preservation of historic properties;
  • Financial resources for small businesses, including those impacted by the COVID-19 pandemic;
  • Support for new supermarkets and healthy food retailers in food desert communities;
  • Additional tax credits for film and digital media.
LEARN MORE

NJEDA FINANCING AND INCENTIVE PROGRAMS

Bond Financing
CDFI Loan to Lender Program
Direct Loans
Economic Redevelopment and Growth (ERG) (ERA-update)
Film and Digital Media Tax Credit Program
Micro Business Loan Program
Micro Lender Support Grant Program
Premier CDFI Program
Premier Lender Program
Salem County Energy Sales Tax Exemption
Sales and Use Tax Exemption Program
Small Business Bonding Readiness Assistance Program
Small Business Fund
Small Business Lease Assistance Program
Urban Enterprise Zone (UEZ) Manufacturers Energy Sales Tax Exemption
Wineries and Vineyards

Success Stories

Related news

May 14, 2021

NJEDA Partners with New Jersey City University to Advance New Jersey as Nation’s Epicenter of Online Wagering/Fintech

TRENTON, N.J. (May 14, 2021) – The New Jersey Economic Development Authority (NJEDA) Board recently approved a memorandum of understanding (MOU) with New Jersey City University (NJCU) in Jersey City that will help advance New Jersey’s leadership in the online sports wagering technology and financial technology (fintech) sectors.

Read More >
May 14, 2021

NJEDA to Partner with Stockton University on Esports Innovation Center

TRENTON, N.J. (May 14, 2021) – The NJEDA Board recently approved a memorandum of understanding (MOU) with Stockton University to support the establishment of an esports Innovation Center at the university’s Atlantic City campus.

Read More >
May 12, 2021

NJEDA Board Approves Rules for Emerge Job Creation Tax Credit Program

TRENTON, N.J. (May 12, 2021) – The NJEDA Board today approved the creation of the Emerge program, a new jobs-based tax credit program created under the Economic Recovery Act (ERA) of 2020. The Emerge program will drive economic development in New Jersey by making tax credits available to projects that invest private capital into the state and create good-paying jobs, with a focus on the State’s priority sectors.

Read More >
Press Room