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Businesses interested in opportunities to support the State’s climate resilience are encouraged to visit the new Climate Resilience Funding Directory. The Directory offers streamlined access to opportunities for State and federal grants. Though intended primarily for municipalities and community-based nonprofits, the Directory also includes numerous opportunities for small businesses and other private sector organizations. Use the “Applicant Type” menu and select “Private Sector and/or Small Businesses.”

The Department of Environmental Protection seeks public feedback to improve the Directory. Questions and comments may be emailed to the Resilient NJ program at resilientnj@dep.nj.gov.

Restaurants and certain retailers or manufacturers of alcoholic beverages may continue to use fixtures such as tents, canopies, umbrellas, tables, and chairs in designated outdoor spaces or on public sidewalks. A new law has made permanent the temporary outdoor dining rule changes adopted in February 2021. Holders of temporary expansion permits issued by the New Jersey Division of Alcoholic Beverage Control (ABC) may convert their temporary permit into a permanent permit at their next annual renewal.

Zero emission vehicles (ZEVs) are now subject to sales and use taxes in New Jersey. ZEVs incur a 3.3125% reduced tax rate until July 2025, when they will transition to the standard rate of 6.625%.

A recently introduced measure that required all U.S. companies to report stakeholder information to the U.S. Department of Treasury by December 31, 2024 is no longer in force. A Texas court has issued an injunction blocking the Corporate Transparency Act (CTA), which includes the Beneficial Ownership Information Report (BOIR). For now, the court’s ruling eliminates the BOIR requirement and deadline. Companies that have already filed a BOIR do not need to take action; companies that wish to file may do so voluntarily. Business.NJ.gov will provide any necessary updates on this situation.

Businesses, labor unions, and nonprofits can receive up to $10,000 in tax credits to offset the costs of establishing a federally recognized apprenticeship program. The Apprenticeship Tax Credit Program is intended to help cultivate a skilled New Jersey workforce and support the State’s economic growth. Some industries, including advanced manufacturing, construction, healthcare, logistics, pharmaceuticals, transportation, tourism, and renewable energy, may be eligible for enhanced tax credit incentives.

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New Jersey construction companies that are 51% minority-, woman-, or veteran-owned can now enroll in Building for Growth (BFG), a tuition-free, 18-week hybrid training program that teaches participants how to build business capacity, access capital, and secure larger contracts. Eligible companies are based in New Jersey (or conduct significant operations there) and meet specific revenue criteria. Sessions are hosted at Kean University in Union County and online via Zoom. A free information session will be held on November 19, 2024.

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Many businesses in the U.S. must follow new federal rules for reporting who owns or controls them. The Corporate Transparency Act went into effect on January 1, 2024 and This is because of a law called the Corporate Transparency Act. It aims to stop illegal activities and keep our country safe.

Who Needs to Report?

If you own a business, you might need to report if your company was created or registered in the U.S. There are some exceptions, such as publicly traded companies and nonprofit organizations. Check the rules to see if your business needs to report.

What Do You Need to Report?

You must share basic information about the people who own or control your company. This includes their names and addresses.

When Do You Need to Report?

• If your business was created before 2024, you must report by January 1, 2025.
• If your business was created during 2024, you have 90 days from when your business is officially created to report.
• Businesses created after 2024 have 30 days to report.
• This is a one-time report unless you need to update or correct information. 

How to Report?

Reporting is simple, secure, and free. You can do it online at FinCEN’s website. Most businesses can do this without needing a lawyer or accountant.

Need Help?

For more information and resources, visit FinCEN.gov. There are guides, FAQs, and videos to help you understand what to do.

Businesses can now access funding through the NJ Department of Labor and Workforce Development's UPSKILL: NJ Incumbent Worker Training Grant. This grant helps employers cover up to 50% of training costs for frontline employees, aiding in skill development for mid- and high-skill jobs. Individual employers can apply for up to $500,000. For details and application instructions, download and complete the Notice of Grant Opportunity (NGO).

Solar, construction, engineering, and environmental services businesses can use a new website to identify solar energy projects that are eligible for incentive programs. "Landfill to Solar" offers a step-by-step guide to locate potential project sites in your community and find funding opportunities.