Emerge Tax Credit Program
Emerge is a new tax incentive program that will drive job creation by making per-job tax credits available to projects in the State’s priority sectors such as technology and life science. Projects that receive Emerge credits will need to demonstrate a net positive economic benefit of at least 400% in most cases. Read the draft rules.
The New Jersey Economic Development Authority (NJEDA) is hosting three public listening sessions to receive feedback on the draft rules for the new Emerge tax credit program.
The Listening Sessions are scheduled for:
· Thursday, April 8th, 2021 at 5:00 p.m.
· Monday, April 12th, 2021 at 3:00 p.m.
· Wednesday, April 14th, 2021 at 3:00 p.m.
Sessions are expected to last approximately two hours and can be accessed at https://tinyurl.com/xyr2k65r. The passcode for the sessions is “Emerge”.
If you cannot attend one of the Listening Sessions, you can also submit written feedback on the Emerge Program through the webpage http://www.njeda.com/emerge-feedback from April 5th through April 16th.
Emerge is part of the suite of programs created under the Economic Recovery Act of 2020, run by the NJEDA.