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Whether you're looking for startup capital or considering a loan to finance the expansion of your business, a variety of opportunities are available.
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Edison Innovation Growth Stars Fund

Rolling Application

Deadline:

Edison Innovation VC Growth Fund provides funding to early-stage, emerging technology businesses matched with an outside equity investor within the last 90 days.

Start Date:

Eligibility

  • Technology companies supported by venture capital with a minimum trailing 12-month commercial revenues of at least $2M
  • The company must employ 75% of its W-2 employees in NJ or commit to growing 10 high-paying jobs over two years
  • The company must have received an Edison Innovation VC Growth Fund investment and be in good standing

Benefits

Businesses can receive funding of up to $500,000.

Technology
Life Sciences
Loan
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Edison Innovation VC Growth

Rolling Application

Deadline:

Edison Innovation VC Growth Fund provides funding to early-stage, emerging technology businesses matched with an outside equity investor within the last 90 days.

Start Date:

Eligibility

  • Venture capital supported New Jersey-based technology companies with a minimum trailing 12-month commercial revenues of $500,000
  • This revenue amount must exceed the amount of the potential Edison Innovation Fund investment amount
  • The company must employ 75% of its W-2 employees in New Jersey or commit to growing 10 high-paying jobs over two years

Benefits

Up to $1M in growth capital matched with outside investors on a 1 to 1 basis.

Technology
Life Sciences
Loan
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Film Tax Credit Program

First Come, First Serve

Deadline:

The Film Tax Credit Program provides a transferable credit against the corporation business tax and the gross income tax to incentivize production companies to film content in New Jersey.

Start Date:

Eligibility

  • Feature films, television series, or television shows of 22 minutes or more in length, intended for a national or regional audience filmed and produced at a cultural venue receiving State funding
  • 60% of the total film production expenses must be incurred for services and goods purchased through vendors authorized to do business in New Jersey, or
  • Qualified film production expenses (expenses incurred in New Jersey for the production of a film) must exceed $1 million per production

Not Eligible

  • Productions featuring news, current events, weather, and market reports or public programming, talk show, sports event, or reality show
  • Productions that solicit funds
  • Productions primarily for private, industrial, corporate, or institutional purposes

Benefits

Tax credits up to 35% of qualified film production expenses.

Arts, Entertainment, and Recreation
Tax Credit
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Hazardous Discharge Site Remediation Fund

Rolling Application

Deadline:

The Hazardous Discharge Site Remediation Fund (HDSRF) provides funding for the investigation, remediation, and cleanup of contaminated and underutilized sites.

Start Date:

Eligibility

  • Businesses, individuals, or municipalities in New Jersey performing remediation or cleanup of contaminated and underutilized sites

Benefits

  • Grants of up to $5M per year for municipal and county redevelopment authorities
  • Loans up to $500,000 per year for private entities and $2M per year for public entities
  • $10M is also available each year to support recreation/conservation, renewable energy, and affordable housing projects
  • Funds are for environmental assessment, investigation, and remediation activities. Hazardous Discharge Site Remediation Fund (HDSRF) funds can also be leveraged to obtain funds from other sources such as U.S. Environmental Protection Agency (USEPA)
Real Estate
Construction
Agriculture, Forestry, Fishing and Hunting
Other Services
Waste Management and Remediation
Loan
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Historic Property Reinvestment Program

Rolling Application

Deadline:

This program offers a tax credit for historic, income-producing properties within the state of New Jersey. It's administered by the New Jersey Economic Development Authority in coordination with the New Jersey Historic Preservation Office and the New Jersey Division of Taxation in the Department of the Treasury.

Start Date:

Eligibility

  • Be a rehabilitation project
  • Demonstrate that without the tax credit award, the rehabilitation project is not economically feasible
  • Prove there is a financing gap for a project and the tax credit award being considered is equal to or less than the project financing gap
  • Have not and will not commence any construction or rehabilitation activity until the funding is awarded and the agreement executed
  • The business entity contributed equity of at least 20% of the total project costs, or 10% of the total project costs if located in a government-restricted municipality
  • Can meet minimum cost requirements where the cost of rehabilitation for the period cannot be less than the adjusted basis of the structure or $5,000
  • For a residential project, the structure must serve a residential rental purpose and contain at least four dwelling units

Benefits

  • Tax credits worth up to 40% of eligible costs and up to a project cap of $4M for qualified properties
  • Eligible projects can receive tax credits worth up to 45% of eligible project costs up to a project cap of $8M
  • Transformative projects can receive tax credits worth up to 45% of eligible project costs up to a project cap of $50M
Construction
Tax Credit
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Investments in Women-Led Start-ups

Rolling Application

Deadline:

Golden Seeds is a nationwide angel investor network dedicated to investing in women-led startups. The New Jersey chapter of Golden Seeds launched in 2021 to increase available capital for female-led businesses.

Start Date:

Eligibility

  • The product is in the beta (not alpha) stage of development and has been created with input from clients or potential clients
  • The business has some “proof of concept” revenue
  • Typical pre-money valuation is below $5M
  • Typically seeking to raise $250,000-$2M
  • Company must have annual run-rate revenue of over $1M and over 40% of gross margin

Benefits

Ability to meet one-on-one with seasoned investors for feedback and possible funding opportunities.

Technology
Life Sciences
Technical Assistance
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It Pays to Plug In: Electric Vehicle Workplace Charging Grant Program

First Come, First Serve

Deadline:

This program provides grants to offset the cost of purchasing electric vehicle charging stations. The program expands New Jersey’s growing network of electric vehicle infrastructure, allowing residents, businesses, and government agencies to purchase and drive electric vehicles.

Start Date:

Eligibility

  • Public, workplaces, and multi-unit residential dwellings are eligible
  • Charging stations can't be placed in private residential dwellings

Benefits

Businesses and others can be reimbursed for 100% of the costs if on government property and 80% of costs if on private property, up to a maximum of:

  • $750 per Level 1 charging port (provides 120 VAC up to 12 A)
  • $4,000 per Level 2 charging port (provides 240 VAC from 12 A to 80 A)
All Industries
Grant
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Main Street Micro Business Loan

First Come, First Serve

Deadline:

Based on the significant number of applications already received, funding for the Main Street Micro Business Loan is fully subscribed. Based on the fact that the New Jersey Economic Development Authority's (NJEDA) application fee is non-refundable, NJEDA is no longer accepting new applications. If you have any questions, please contact the NJEDA Call Center at 844-965-1125. Applicants who already have an application in progress will have until 5 PM on Wednesday, October 12th , 2022 to complete and submit their application. Applicants who do not complete and submit their in progress application by Wednesday, October 12th, 2022 at 5 PM will no longer have the ability to do so after that date and time.

Main Street Micro Business Loan will provide financing of up to $50,000 to eligible micro businesses in New Jersey with ten or fewer full-time employees and no greater than $1M in annual revenues.

The program is the successor to the Micro Business Loan Program established by the NJEDA in 2019.

Start Date:

October 6, 2022

Eligibility

Nonprofit, for profit, and home-based micro businesses interested in applying for the Main Street Micro Business Loan must meet the following eligibility requirements:

  • Must have less than $1.5M in annual gross revenue for the most current fiscal year (to the extent the business has annual revenues)
  • Must have a credit score of at least a 600 from at least one owner to be eligible
  • Must have no more than 10 full-time employees (All employees must work in New Jersey as evidenced by WR-30 filings. There is no minimum employee number and sole proprietors are eligible.)
  • Must be formed at least six months prior to the date of application, as evidenced by the date of formation/incorporation

Benefits

  • Future operating expenses, including working capital to fund future operating expenses (i.e., payroll, rent, mortgage, utilities, taxes, and inventory)
  • Future purchases of equipment as long as installation and construction costs do not exceed $1,999.99

Home-based businesses cannot use loan proceeds for any residential costs (i.e. home mortgage/lease payments).

All Industries
Loan
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NJ Accelerate

Rolling Application

Deadline:

NJ Accelerate supports accelerator programs and their graduate companies. Incentivizes graduate companies to locate and grow in New Jersey.

Start Date:

Eligibility

  • Businesses in accelerator programs and graduates of approved accelerators

Benefits

  • 1:1 matching event sponsorship up to $100,000 for accelerator programs
  • 1:1 matching loan funding up to $250,000 and rent support for up to 6 months for graduate companies
Technology
Life Sciences
Loan
Deadline Approaching
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Closed
NJ Brownfields Assistance Center @ NJIT

Rolling Application

Deadline:

The NJ Brownfields Assistance Center provides free guidance, tools, and resources to New Jersey county and municipal governments interested in redeveloping and reclaiming brownfield sites.

Start Date:

Eligibility

  • The NJ Brownfield Assistance Center @ NJIT provides the tools and resources necessary to reclaim and redevelop brownfield sites

Benefits

  • Free focused assistance to New Jersey county and local governments and nonprofits to develop brownfield redevelopment solutions
  • Assistance to educate and engage communities in an effort to build capacity and a knowledge base on brownfield redevelopment
All Industries
Technical Assistance
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