Proposed New Rules / Amendments

Main Street Recovery Finance Program
Specially Adopted and Concurrently Proposed New Rules: N.J.A.C. 19:31-5  
Specially Adopted and Concurrently Proposed Repeals: N.J.A.C. 19:31-6

The NJEDA has adopted the following new rules and repeals to implement the provisions of the New Jersey Economic Recovery Act of 2020 establishing the Main Street Recovery Finance Program Act, sections 82 through 88 of P.L. 2020, c. 156, as amended by P.L. 2021, c. 160. The specially adopted new rules and repeals became effective on August 26, 2021, upon acceptance for filing by the Office of Administrative Law. The specially adopted new rules and repeals shall be effective for a period not to exceed 180 days from the date of filing, that is, until February 22, 2022. Concurrently, the provisions of the new rules and repeals are being proposed for readoption in accordance with the normal rulemaking requirements of the Administrative Procedure Act, N.J.S.A. 52:14B-1 et seq.

Angel Investor Tax Credit Program
Proposed Amendments: N.J.A.C. 19:31-19.1, 19.2, 19.3, 19.4, 19.6, 19.7, and 19.8

The proposed amendments revise the rules implementing the Angel Investor Tax Credit Program pursuant to recent statutory revisions in P.L. 2019, c. 145 and the New Jersey Economic Recovery Act of 2020, P.L. 2020, c. 156.

PPE Manufacturing Tax Credit Program
Specially Adopted and Concurrently Proposed New Rules: N.J.A.C. 19:31-24
The NJEDA has adopted the following new rules to implement the provisions of the New Jersey Economic Recovery Act of 2020, establishing the Personal Protection Equipment (PPE) Manufacturing Tax Credit Program Act, sections 106 and 107 of P.L. 2020, c. 156. The specially adopted new rules became effective on August 5, 2021, upon acceptance for filing by the Office of Administrative Law. The specially adopted new rules shall be effective for a period not to exceed 360 days from the date of filing, that is, until July 31, 2022. Concurrently, the provisions of the new rules are being proposed for readoption in accordance with the normal rulemaking requirements of the Administrative Procedure Act, N.J.S.A. 52:14B-1 et seq.

Offshore Wind Economic Development Tax Credit Program
Proposed Amendments: N.J.A.C. 19:31-20.1 through 20.7, 20.9, 20.10, 20.12, 20.12, 20.13, 20.14, and 20.15  
Proposed Repeal: N.J.A.C. 19:31-20.8

The proposed amendments to the Offshore Wind Economic Development Tax Credit Program implement certain statutory revisions pursuant to section 109 of the recently enacted New Jersey Economic Recovery Act of 2020, P.L. 2020, c. 156, as amended by P.L. 2021, c. 160.

Hazardous Discharge Site Remediation Fund
Proposed Amendments: N.J.A.C. 19:31-8.2, 8.3, 8.6, 8.7, 8.9 and 8.10  
Proposed New Rules: N.J.A.C. 19:31-8.16 and 8.17

The proposed amendments revise the rules implementing the Hazardous Discharge Site Remediation Fund program pursuant to P.L. 2017, c. 353 (approved January 16, 2018).  

Emerge Program
Specially Adopted and Concurrently Proposed New Rules: N.J.A.C. 19:31-22
In accordance with P.L. 2020, c. 156, the NJEDA has adopted the following new rules to implement the provisions of the New Jersey Economic Recovery Act of 2020, establishing the Emerge Program Act, sections 68 through 81 of P.L. 2020, c. 156. The new rules became effective on May 20, 2021, upon acceptance for filing by the Office of Administrative Law. The specially adopted new rules shall be effective for a period not to exceed 180 days from the date of filing, that is, until November 20, 2021. Concurrently, the provisions of the new rules are being proposed for readoption in accordance with the normal rulemaking requirements of the Administrative Procedure Act, N.J.S.A. 52:14B-1 et seq.

Innovation Challenge Program
Notice of Funding Availability
The Innovation Challenge Program provides grants of up to $ 100,000 each to communities for economic development plans to catalyze planning and key investments to position their city and region to augment their innovation ecosystem.

21st Century Redevelopment Program
Notice of Funding Availability
The 21st Century Redevelopment Program provides grants of up to $ 50,000 each to eligible redevelopment agencies, municipalities, or counties to develop, or accelerate the implementation of, plans for repurposing or removing “stranded assets” in their communities.

Retail Fuel Station – Energy Resiliency Program
Notice of Funding Availability
The NJEDA hereby announces the anticipated availability of Retail Fuel Station – Energy Resiliency Program monies funded under the Federal Emergency Management Agency (FEMA) Hazard Mitigation Grant Program (HMGP). Under this program, the NJEDA will offer grants for the purpose of enhancing the operational resiliency of retail fuel stations Statewide from future electric power outages by incentivizing the permanent installation of back-up electric generator “quick-connects” and/or fixed back-up electric generators to the fuel pumps at eligible retail fuel stations.

Superstorm Sandy Recovery Grants and Loans – Energy Resilience Bank Program
Notice of Funding Availability
The NJEDA announces the availability of Community Development Block Grant-Disaster Recovery (CDBG-DR) funds appropriated pursuant to the Federal Disaster Relief Appropriations Act, 2013 (Public Law 113-2) for the purpose of assisting economic recovery from damage caused by Superstorm Sandy. The NJEDA, jointly with the New Jersey Board of Public Utilities (BPU), will administer $ 200 million of the CDBG-DR funds allocated by the U.S. Department of Housing and Urban Development (HUD) to New Jersey to continue to support the State’s recovery. These funds will be used to implement the Energy Resilience Bank Program. Under this program developed jointly with the BPU, the NJEDA will offer grants, forgivable loans, and amortized loans for the purpose of facilitating recovery and funding the unmet capital needs of eligible, impacted wastewater treatment plants and water treatment plants.