NEW JERSEY INDOOR (NJ) AMUSEMENT PARK GRANT PROGRAM

The New Jersey(NJ) Indoor Amusement Park Grant applications window closed on November 1, 2023, at 5:00PM EST.

The New Jersey Indoor (NJ) Amusement Park Grant Program is a pilot grant program that makes grant funding available to for-profit establishments that operate indoor amusement parks, arcades and entertainment facilities, and demonstrate a minimum 50 percent reduction in indoor gross revenue for the 12-month period beginning April 1, 2019.

AMOUNT

Minimum awards of $5,000

Grant awards will be calculated by the amount of the decrease in the applicant’s gross revenue self-declared*

*At time of application from April 1, 2019, to March 31, 2020, compared to April 1, 2020, to March 31, 2021, or $500,000; whichever is less. If the applicant is located in an Opportunity Zone eligible census tract, the award cap is at $550,000

BENEFITS

Subsidize a loss of revenue for indoor amusement facilities

ELIGIBILITY

For-profit entity located in New Jersey

Primarily engaged in activities described in Code 713110 or 713120 of the North American Industry Classification System

Demonstrate a minimum 50 percent reduction in indoor gross revenues for the 12-month period beginning April 1, 2019, to March 31, 2020, and April 1, 2020, to March 31, 2021, as certified by applicant at time of application

*Additional terms apply.
See eligibility below

PROGRAM DETAILS
ELIGIBILITY
FEES
AWARD SIZE

PROGRAM DETAILS

The New Jersey Indoor Amusement Park Grant Program will provide eligible applicants with up to $500,000 for Applicants that are not in an Opportunity Zone eligible census tract and up to $550,000 for Applicants in an Opportunity Zone eligible census tract to offset losses incurred due to decreased business as a result of the COVID-19 pandemic. Specifically, grants are open to establishments that are primarily engaged in activities described by specific codes of the North American Industry Classification System (NAICS), Code 713110 or 713120.

Applicants must demonstrate a minimum 50 percent reduction in gross revenues from indoor operations for the 12-month period beginning April 1, 2019.

ELIGIBILITY

Eligible applicants must meet the following criteria to be eligible for this grant:

Must be a for profit entity located in New Jersey as per the budget language.
Primarily engaged in activities described in Code 713110 or 713120 of the North American Industry Classification System.
Demonstrate a minimum 50 percent reduction in indoor gross revenues for the 12-month period beginning April 1, 2019 to March 31, 2020 and April 1, 2020 to March 31, 2021 as certified by applicant at time of application.
Applicants must have a demonstration of need which will be determined by a reduction in the applicants self-reported gross revenue in their federal tax return for the 12-month period beginning April 1, 2019 to March 31, 2020 and April 1, 2020 to March 31, 2021.
Registered to do business in New Jersey and in good standing with the NJ Division of Taxation, as evidenced by a current NJ Tax Clearance Certificate prior to approval.
Applicant must be good standing at time of approval with the NJ Department of Labor, NJ Department of Environmental Protection and NJ EDA.
Applicant certification at time of application that their operation has at least a portion of their business that is indoors of their NJ commercial space and their operations are currently open and operating.
NJ formation documentation that verifies the applicant was formed on or prior to March 9, 2020.
Ineligible applicants: waterparks that have only outdoor operations, activities, rides, or services. An indoor component of operations, rides, activities, or services must be within the applicant’s commercial space.

ELIGIBILE FUND USES

Grant funds may only be used for operating costs for the business.
Grant funds may not be used for any purpose other than operating costs including, but not limited to:

Property acquisition
Any construction or contracts for labor
Demolition
Purchase of equipment or installation greater than $1,999.99

Board Memo – Product Revision – Approved on September 12, 2023

Board Memo and Program Specifications – Approved on February 8, 2023

FEES

Applicants for the New Jersey Indoor (NJ) Amusement Park Grant Program will be charged a $1,000 application fee as required for pilot products under the Authority’s fee rules.

Grant awards will be calculated by the amount of decrease in the applicant’s self-declared gross revenue from April 1, 2019 to March 31, 2020 and April 1, 2020 to March 31, 2021, or $500,000, whichever is less, unless the applicant is located in an Opportunity Zone eligible census tract. If the applicant is located in an Opportunity Zone eligible census tract, the award cap is $550,000.

Awards will be based purely on the on the reduction of the applicant-provided gross revenue, not their indoor gross revenue. Applicants are allowed to receive one grant award per EIN, with a minimum award of $5,000.00 per EIN.

PROGRAM GUIDE

Program Details
Eligibility
Fees
Award Size

BOARD MEMO – PRODUCT REVISION BOARD MEMO – FEBRUARY 8, 2023 Applicant Checklist Frequently Asked questions Sample application

QUESTIONS

For more information or to ask a specific question, please send an email to customercare@njeda.com and a team member will reach out to you.