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Historic Property Reinvestment Program
June 7, 2022

The Historic Property Reinvestment Program is a $50M competitive tax credit program to leverage the federal historic tax credit program to support rehabilitation projects of identified historic properties.

Start Date:

June 15, 2022

Due Date:

Aug 15, 2022 2:00 PM

Eligibility:

To be eligible, a project must be a rehabilitation project. For a residential project, the structure must serve a residential rental purpose and also contain at least four dwelling units.

Requirements for the applicant:

  • Applicant must demonstrate that without the tax credit award, the rehabilitation project is not economically feasible.
  • Applicant must prove that a project financing gap exists, and the tax credit award being considered for the project is equal to or less than the project financing  gap.  
  • Applicant must NOT have commenced any construction or rehabilitation activity at the site of the rehabilitation project prior to submitting an application and will not commence any construction or rehabilitation activity until the execution of the Rehabilitation Agreement (with certain limited exceptions).
  • Applicant must include business entity contributed equity of at least 20 percent of the total project costs (10 percent of the total project costs, if located in a government-restricted municipality).
  • Applicant must meet minimum cost requirements where the cost of rehabilitation for the selected rehabilitation period cannot not be less than the greater of the  adjusted basis of the structure or $5,000.

Benefits:

Most eligible projects can receive tax credits worth up to 40% of eligible costs up to a project cap of $4M for qualified properties.

Eligible projects located within a qualified incentive tract or in government-restricted municipalities* can receive tax credits worth up to 45% of eligible project costs up to a project cap of $8 M for qualified  properties.

Transformative projects can receive tax credits worth up to 45% of eligible  project costs up to a project cap of $50M.  

* Atlantic City, Paterson, and Trenton are the only government-restricted municipalities in New Jersey as of June 2022.

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2022 Summer Youth Camp Grant
June 7, 2022

The 2022 Summer Youth Camp Grant application is now available, with grants amounts ranging from $7,500 - $25,000. Applications will be accepted through August 5, 2022.

Start Date:

May 9, 2022

Due Date:

Aug 5, 2022 5:00 PM

Eligibility:

The camp program must have an active 2022 Summer Youth Camp Certificate of Approval.

The camp program must comply with Youth Camp Safety Standards (N.J.A.C. 8:25).

The camp program must comply with state and local health and safety requirements.

The camp program must comply with the Child Care Development Block Grant (CCDBG) health and safety requirements

The following information must be on file for applicable staff:

  • Child Abuse Record Information (CARI) Check (staff 14 years of age and older)
  • Criminal History Record Information (CHRI) Background Check Fingerprinting (staff 18 years of age and older)

Camp staff must complete the CCDBG Pre-Service Trainings.

Priority will be given to facilities and programs that have not received any American Rescue Plan (ARP) Stabilization Grant funding.

Benefits:

Grant amounts range from $7,500 to $25,000.

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Aspire
May 23, 2022

Aspire is a gap financing tool to support commercial, mixed-use, and residential real estate development projects. It is the successor to the Economic Redevelopment and Growth Grant (ERG), which closed after the 2019 application cycle.

Start Date:

Due Date:

Mar 1, 2027 11:59 PM

Eligibility:

To be eligible for Aspire support, a project must:

  • Demonstrate through NJEDA analysis that without the incentive award, the redevelopment project is not economically feasible.
  • Demonstrate that a project financing gap exists and/or the redevelopment  project will generate a below market rate of return.
  • Be located in a designated “Incentive Area.”
  • Include developer who has an equity participation of at least 20 percent of the total cost.
  • Result in a net positive benefit to the state.
  • Meet specific cost thresholds, depending on where the project is located.  

A "qualified incentive tract" is a population census tract that meets either of the following criteria:

  • A poverty rate of 20 percent or more
  • The median family income does not exceed 80 percent of either the statewide median family income or the median family income of the metropolitan statistical area where the census tract is located, whichever is greater.

Benefits:

Most Aspire projects will be subject to a total award cap of $42 million. Residential projects also receiving low-income housing tax credits (LIHTC) or projects located in certain economically disadvantaged locations may receive up to $60 million.

Baseline tax credits available

Tax credits equal to 45 percent of project costs, up to $42 million

Bonuses

Atlantic City, Paterson, and Trenton are government restricted municipalities (GRM). Commercial projects located in a GRM can receive tax credits up to 50 percent of project costs in project support. Newly constructed residential projects that are also utilizing four percent LIHTCs can receive tax credits up to 60 percent of project costs.

Projects using LIHTC or any other project in a Qualified Incentive Tract (QIT), GRM, or municipality with an Municipal Revitalization Index (MRI) distress score of at least 50, can receive tax credits up to $60 million.

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Catalyst R&D Voucher Program
May 23, 2022

The Catalyst Research and Development (R&D) Voucher Pilot Program is to support New Jersey-based, early-stage company efforts to accelerate development and innovation of technologies to transform new discoveries from research stage into commercially viable technologies, leading to industry and investor interest.

Start Date:

Due Date:

Eligibility:

Each applicant to the Catalyst R&D Voucher Pilot Program must meet the following eligibility criteria:

  • Companies registered to conduct business in NJ at the time of application
  • Companies with no more than 25 full-time employees (35 regularly scheduled hours per week) at time of application until the voucher is awarded and throughout the voucher duration.
  • 100% of Project work for which the voucher is being sought has to be conducted in NJ
  • Minimum of one full-time employee working in NJ at time of application until the voucher is awarded and throughout the voucher duration
  • 50% or more of the work of its employees and contractors is conducted in NJ
  • Applicant must obtain a signed approval letter from a participating university/college, federal lab or non-profit organization confirming that the facility is capable and willing to provide the services that will be supported by the voucher

Applicant company must be developing or testing technologies in the  following target areas:

  • Advanced Manufacturing
  • Advanced Transportation and Logistics
  • Film and Digital Media
  • Life Sciences – Therapeutic Drug Development
  • Life Sciences – Other
  • Non-Retail Food and Beverage
  • Professional and Financial Services
  • Technology

Benefits:

Eligible applicants can apply to receive vouchers worth up to $25,000 to help offset the cost of leveraging R&D resources, facilities, and equipment at the state’s academic universities and colleges, federal and non-profit laboratories to advance their technology development.  

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NJ Ignite: Rental Support
January 4, 2022

NJ Ignite provides rent support for technology startups that are moving to an approved collaborative workspace.

Start Date:

Due Date:

Eligibility:

Renters can be early-stage technology and life science companies in New Jersey with 10 or fewer employees and less than $1 million in trailing 12 months gross sales from 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.

Deadline Approaching
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Small Business Fund
January 3, 2022

The Small Business Fund provides creditworthy small, minority-owned and women-owned businesses, and nonprofits in New Jersey access to financing.

Start Date:

Due Date:

Eligibility:

Small businesses that have been in operation for at least 1 full year and not-for-profits that have been in operation for at least 3 full years, and have no more than $3 million in total revenue. Special consideration for creditworthy small, minority-owned, and women-owned businesses.

Benefits:

Financing up to $500,000.

Nominate Your Business for the Recycling Awards

June 7, 2022

The New Jersey Department of Environmental Protection Recycling Awards highlight the success of businesses, individuals, and others who make extra efforts to advance sustainability through recycling. 

Nominees must be located in New Jersey, and nominations must be for activities that took place in 2021. You may nominate your own or any other business or organization, or an individual.

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Apply to Sell Recreational Cannabis in New Jersey

March 21, 2022

Applications for prospective Cannabis Retailers are open now. While there is no limit to the number of applications the State accepts, you should check with your local government on their requirements. The Business.NJ.gov Navigator can provide you with a personalized step-by-step business registration guide for your new cannabis business.

Learn More

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State COVID-19 Financial Assistance Programs

February 11, 2022

The Small Business Improvement Grant reimburses eligible small businesses and nonprofits for up to 50% of eligible project costs associated with building improvements or the purchase and/or installation of new furniture, fixtures, and equipment made on or after March 9th, 2020. The maximum grant award is $50,000. Applications are first-come-first-served.

Apply Now

Traditional NJEDA Programs

In addition to the programs listed on this page, the NJEDA encourages businesses to explore the Authority’s business support programs that are not specific to addressing the COVID-19 pandemic. More details about these programs can be found on the NJEDA’s website at www.njeda.com.

Small Business Lease Grant

The Small Business Lease Grant supports the growth and success of small businesses and non-profits by providing grant funding to cover a portion of lease payments for businesses and non-profits leasing new or additional space. Applications will be accepted on a rolling basis beginning Wednesday, October 20th, 2021.

  • Benefits: Two grant awards of 20% of the total annual lease payment.
  • Eligibility: Small businesses and nonprofits entering a new lease, lease amendment, or lease extension for at least a five-year term that includes at least 250 square feet of street-level space.

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COVID-19 Required Workplace Health and Safety Standards

October 22, 2021

All  new state contracted workers, workers in certain state and private health care facilities, and high-risk congregate settings in New Jersey will be required to be fully vaccinated against COVID-19 or be subject to COVID-19 testing at minimum one to two times per week. Learn more about the requirements.

All businesses, offices, and worksites may open in New Jersey.

Social distancing and masking is not required in most indoor or outdoor spaces, and there are no capacity limits for businesses or worksites open to the public.

Businesses have the right to require stricter mask policies, but businesses are not allowed to restrict the use of face masks by their staff, customers, or visitors. Municipalities and counties are also permitted to impose stricter requirements on masking in businesses open to the public.

New Jersey is strongly encouraging both vaccinated and unvaccinated individuals to wear a mask and social distance in indoor settings where there is increased risk, including:

  • Crowded indoor settings
  • Indoor settings involving activities with close contact with others who may not be fully vaccinated
  • Indoor settings where the vaccine status of other individuals in the setting is unknown
  • Where an individual is immunocompromised or at increased risk for severe disease

Social distancing, masking, and other safety measures are still required in high-risk areas such as healthcare settings, public transportation, child care centers, correctional facilities, and homeless shelters.

In addition, the majority of State offices open to the public, including New Jersey Motor Vehicle Commission locations, continue to require masking of staff and visitors. Individuals should review setting-specific requirements in advance of arrival.

Requirements At Worksites

Under legislation signed by Governor Murphy on June 4, 2021, the majority of Executive Orders issued pursuant to the COVID-19 Public Health Emergency expired on July 4, 2021. This included Executive Order 192, which provided many COVID-19 worker rights and protections.

However, certain federal COVID-19 worker rights and protections are in place for specific occupations and industries, such as healthcare workers and medical facilities. Learn more and stay up to date by visiting the Occupational Safety and Health Administration (OSHA) COVID-19 website: osha.gov/coronavirus.

Under federal OSHA law, employers must protect workers from workplace hazards that can cause illness or injury, provide required personal protective equipment (PPE), and ensure its use. It's also against New Jersey Wage and Hour law for an employer to deduct the cost of protective equipment from an employee's pay.

Health & Safety Recommendations For Businesses

The NJ Department of Health has issued industry-specific health and safety recommendations for:

General public health and safety recommendations to help businesses protect employees and customers:

  • Businesses are encouraged to follow CDC safety guidelines and social distancing to save lives and prevent the spread of COVID-19
  • Masks are not required for most indoor workplaces, however businesses should encourage unvaccinated employees, customers, and guests to wear masks.
  • If masks or gloves are required by employers, businesses are encouraged to provide them to employees
  • Businesses are encouraged to provide approved sanitization materials for employees and visitors at no cost to those individuals
  • Employees should practice hand hygiene and employers should provide employees with sufficient break time for that purpose
  • Routine cleaning and disinfection of all high-touch areas is encouraged in accordance with DOH and CDC guidelines
  • Prior to each shift, employers are encouraged to conduct daily health checks, such as temperature screenings, visual symptom checking, self-assessment checklists, and/or health questionnaires, consistent with CDC guidance
  • Employers are encouraged to keep sick employees from entering the workplace and follow requirements of applicable leave laws
  • Encourage sick employees to stay home
  • Employers should promptly notify employees of any known exposure to COVID-19 at the worksite

For more safety tips, refer to the CDC's COVID-19 Guidance for Businesses and Employers.

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Small Business Lease Grant Program

October 14, 2021

The Small Business Lease Grant supports the growth and success of small businesses and non-profits by providing grant funding to cover a portion of lease payments for businesses and non-profits leasing new or additional space. Applications will be accepted on a rolling basis beginning Wednesday, October 20th, 2021.

  • Benefits: Two grant awards of 20% of the total annual lease payment.
  • Eligibility: Small businesses and nonprofits entering a new lease, lease amendment, or lease extension for at least a five-year term that includes at least 250 square feet of street-level space.

Learn more about the program.

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Return & Earn Program: Wage Subsidies for Employers

September 27, 2021

The Return & Earn Program will help small businesses fill the positions they need to grow, thrive, and lead our economic recovery.

Visit the NJ Department of Labor’s “Return and Earn” program page for more information.

Wage Subsidies for Employers

Employers can receive up to $10,000 in wage subsidies to hire and train new employees. The subsidies will help cover wages for a new employee for up to their first six months on the job, a time when employers are providing on-the-job training to on-board and upskill new workers.

Eligible businesses must have 100 or fewer current employees, and the positions to be filled must pay at least $15 per hour.

During the employer-provided training period of up-to the first six months of employment, Return & Earn will reimburse employers for half of the wages paid for regular hours worked. The total reimbursement will be capped at $10,000 per new employee, and at $40,000 per employer. This reimbursement will be valid whether this training occurs in-person at the job site or virtually.

Employers can complete this form to express interest in this program and to receive application information as it becomes available.

Return-to-Work Benefits for Employees

Employees getting jobs through Return & Earn will receive a $500 return-to-work bonus in their first paycheck, on top of any other hiring bonus or benefit provided by their employer.

In addition, the Department of Labor will coordinate its wraparound services with Return & Earn to provide additional supports for workers to help workers meet the costs associated with returning to work, such as transportation and child care costs.

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