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NJ Ignite

Rolling Application

Deadline:

Start Date:

Eligibility

  • Renters can be early-stage technology and life science companies in New Jersey with 10 or fewer employees
  • Less than $1M in trailing 12 months of gross sales from the date of application submission
  • Collaborative workplaces can be entities with a minimum of 5 unique paying tenants over the last 2 years.
  • Renters and collaborative workplaces must apply together

Benefits

  • Benefits for Renters: Rent support grants
  • Benefits for Collaborative Workspaces: A tenant attraction tool

Real Estate and Leasing
Technology
Life Sciences
Other Services
Grant
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NJ Industry Partnerships

Rolling Application

Deadline:

Start Date:

Eligibility

  • Please speak to the regional coordinator listed on your industry's page by using the link in the title

Benefits

  • Businesses can get help filling positions with skilled workers, developing career pathways to ensure a pipeline of future workers, creating ongoing training feedback loops with education, workforce, and economic development partners
  • The program also gives businesses a powerful industry voice to impact policy

All Industries
Hiring & Employee Training Support
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NJ Zero Emission Incentive Program (NJZIP)

First Come, First Serve

Deadline:

Start Date:

Eligibility

  • Must operate 75% of vehicle miles in NJ and register a vehicle in NJ
  • Purchase and register a new zero-emission class 2b- class 8 vehicle for commercial, industrial, or institutional use within 12 months of voucher reservation
  • Be in good standing with the NJ Department of Labor and NJ Department of Environmental Protection

Benefits

Businesses can receive vouchers up to $100,000 plus bonuses.

All Industries
Grant
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New Jersey Capital Access Fund

Rolling Application

Deadline:

Start Date:

Eligibility

  • Be located in New Jersey with fewer than 50 employees
  • Have an annual revenue of $10 million or less
  • Be in business for at least 1 year before the date of application
  • Demonstrate the ability to repay the loan

Benefits

This fund loans up to $250,000 with fixed interest rates and flexible spending guidelines. The working capital loan can be used to support payroll, supplies, rent, utilities, marketing, advertising, and other business operation expenses.

The application process is straightforward and offers access to experienced nonprofit lenders and technical assistance providers.

All Industries
Loan
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New Jersey Clean Energy Loans

Rolling Application

Deadline:

Start Date:

Eligibility

  • Be located in New Jersey with fewer than 750 employees
  • Be seeking to finance a clean energy project and use a clean energy technology that has already been demonstrated in the US or internationally
  • Be in good standing with the New Jersey Department of Labor and Workforce Development and NJ Department of Environmental Protection
  • Have a valid tax clearance certificate no older than 180 days at time of approval
  • Be economically feasible
  • Be requesting a loan of $500,000 to $20M for the project in total (NJEDA and private financing)
  • Be requesting 50% or less of the total loan amount from the NJEDA ($250,000-$10M)
  • Have a term sheet, letter of intent, draft agreement, commitment letter, or similar document from an eligible financial institution.
  • Not be enrolled in any other state State Small Business Credit Initiative (SSBCI) program

Benefits

  • Loans at 3% below the financial institution's interest rate
  • Minority-, Woman-, and Veteran-owned businesses receive an additional 1% interest rate reduction
  • Businesses/projects located in Overburdened Communities also receive a 1% interest rate reduction

All Industries
Loan
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New Jersey STEM Loan Redemption Program

Rolling Application

Deadline:

Start Date:

Eligibility

Employers:

  • Be registered to do business in New Jersey
  • Provide a matching $1,000 payment per participating employee for each year (up to four years) the employee works at their business and remains in the program
  • Certify that the participating employees work in an approved occupation each year

Employees:

  • Be residents of NJ and maintain domicile in the State during their participation in the program
  • Have earned a degree from an approved STEM degree program from an institution of higher education in NJ
  • Have graduated on or after December 14, 2018
  • Have worked full-time in an approved high-growth STEM occupation at a NJ employer for a minimum of four years before applying for the program
  • If approved, must work full-time for an additional one to four years in an approved high-growth STEM occupation at a NJ employer in the program

Eligible occupations are listed in the Higher Education Student Assistance Authority (HESAA) eligible high-growth STEM occupations list

Benefits

  • Up to $8,000 in student loan redemption while only contributing half that amount
  • HESAA matches each $1,000 contribution from participating employers for up to four years

All Industries
Hiring & Employee Training Support
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New Jersey Water Bank Program

Rolling Application

Deadline:

Start Date:

Eligibility

  • Private entities, such as developers, can be eligible as applicants for clean water through public conduit borrowers

  • Applicants with drinking water projects can be public community water systems privately and publicly owned, and nonprofit non-community water systems (as defined by the National Primary Drinking Water Regulations)

  • All applicants must also satisfy the Water Bank's creditworthiness standards (PDF named Amended and Restated Credit Policy” under the “Policies and Procedures” section)

Benefits

Loans with principal forgiveness and below-market interest rates.

All Industries
Loan
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New Jersey’s Clean Energy Program - Large Energy Users

Rolling Application

Deadline:

Start Date:

Eligibility

  • To qualify, eligible entities must have incurred at least $5M in total annual energy costs (on a pre-sales tax basis, aggregate of all buildings/sites) between July 1st, 2021 and June 30th, 2022 as billed by NJ investor-owned utilities and any applicable third-party suppliers associated with those accounts
  • Applicant accounts must be commercially-billed and pay the Societal Benefits Charge (SBC)

Benefits

  • There is an entity cap of $4M per fiscal year, and available funding vary by technology
  • Eligible annual costs include standard costs associated with electric and/or gas delivery and supply (for example, generation, transmission, distribution, SBC, etc.) and not those that are unique to the customer (e.g., energy management charges)

Clean Energy
Construction
Other Services
Real Estate and Leasing
Manufacturing
Grant
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New Jersey’s Clean Energy Program - Residential New Construction

Rolling Application

Deadline:

Start Date:

Eligibility

  • Must use natural gas and/or electricity as the primary heating fuel supplied by a New Jersey investor‐owned utility
  • Must be newly constructed single family, multi‐single low‐rise, and high‐rise multifamily buildings

Benefits

The program offers builders and raters varying incentives from $500 to $6,000+ per home.

Construction
Other Services
Real Estate and Leasing
Clean Energy
Grant
Deadline Approaching
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New Jersey’s Clean Energy Program – Combined Heat & Power - Fuel Cells

Rolling Application

Deadline:

Start Date:

Eligibility

  • CHP or Waste Heat to Power projects must achieve an annual system efficiency of at least 60% (Higher Heating Value - HHV), based on total energy input and total utilized energy output
  • FC systems must achieve an annual electric system efficiency of at least 40% (HHV) based on Net Useful Electric Power plus Net Useful Thermal Production (if any) divided by the Total Fuel Input at HHV

Benefits

  • No more than $4.5M in new incentive commitments can be made towards ≥40% Fuel Cells during Fiscal Year 2023
  • Of the $4.5M, no single prime mover manufacturer can qualify for a total of $1.5M in incentives for qualifying ≥40% Fuel Cells equipment
  • Natural gas, hydrogen, biogas, and mixed fuel (such as, natural gas and biogas) CHP-FC equipment installed on the customer side of the utility meter is eligible for incentives
  • 100% renewable fueled projects, including biogas and landfill gas-fueled projects which meet CHP program criteria, are also eligible to receive incentives

Clean Energy
Construction
Real Estate and Leasing
Other Services
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