Angel Investor Tax Credit Program
The New Jersey Angel Investor Tax Credit Program establishes refundable tax credits for qualified investments in New Jersey emerging technology businesses to stimulate investment in the innovation economy.
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Deadline:
Eligibility:
Investors who invest in eligible emerging technology businesses or venture funds in New Jersey.
Benefits:
Tax credits up to 25% of a qualified investment.
Bond Financing for Manufacturers and More
This program provides bond financing to qualified manufacturing companies, 501(c)(3) nonprofit organizations, and other facilities in New Jersey.
Start Date:
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Eligibility:
Manufacturing and processing facilities, certain government-owned facilities, facilities that furnish utilities, and some 501(c)(3) nonprofit organizations that meet Internal Revenue Code (IRC) requirements for tax-exempt bond financing.
Benefits:
Tax-exempt bonds up to $10 million.
Clean Tech Research & Development (R&D) Voucher Program
The Clean Tech Research & Development (R&D) Voucher Program helps early-stage New Jersey clean tech and clean energy companies offset the cost of accessing equipment at participating New Jersey university or federal labs for research and development.
Start Date:
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Eligibility:
New Jersey-based clean energy and clean technology companies with 50 or fewer full-time equivalent employees.
Benefits:
Vouchers totaling up to $15,000 per year.
Direct Loans for Job Creation or Retention
New Jersey businesses in need of financing and committed to job creation or retention may be eligible for direct loans through the New Jersey Economic Development Authority (NJEDA) when conventional financing is not available.
Start Date:
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Eligibility:
Businesses that commit to create or maintain one job for every $65,000 of NJEDA assistance.
Benefits:
Loans up to $2 million.
Economic Redevelopment and Growth (ERG) Program for Revenue Gaps
The Economic Redevelopment and Growth (ERG) Program is an incentive for developers and businesses to address revenue gaps in residential or commercial development projects.
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Eligibility:
Residential and commercial development projects located in a qualifying incentive area that meet all other program eligibility criteria.
Benefits:
Tax credits or grant reimbursements up to 20% of eligible project costs plus bonuses.
Edison Innovation Angel Growth Fund for Technology Businesses
The Edison Innovation Angel Growth Fund leverages private angel investors to support early stage, emerging technology businesses in a less dilutive manner than equity.
Start Date:
Deadline:
Eligibility:
Angel investor-supported technology companies with minimum trailing 12-month commercial revenues of at least $250,000.
Benefits:
Up to $250,000 in growth capital.
Edison Innovation Growth Stars Fund
The Edison Innovation Growth Stars Fund leverages institutional venture-backed investments and private angel investments to support the best-performing Edison Innovation Fund portfolio companies in a less dilutive manner than equity.
Start Date:
Deadline:
Eligibility:
Angel- and/or venture capital-supported technology companies with minimum trailing 12-month commercial revenues of at least $2 million that have previously received assistance through the Edison Innovation Fund.
Benefits:
Follow-on funding up to $500,000.
Edison Innovation VC Growth Fund for Technology Businesses
The Edison Innovation VC Growth Fund leverages institutional venture-backed investments to support early-stage, emerging technology businesses in a less dilutive manner than equity.
Start Date:
Deadline:
Eligibility:
Venture capital-supported technology companies with minimum trailing 12-month commercial revenues of at least $500,000.
Benefits:
Up to $1 million in growth capital.
Film Tax Credit Program
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:
Deadline:
Eligibility:
Feature films, television series, or television shows of 22 minutes or more in length, intended for a national or regional audience that incur 60% or more of the total film production expenses for services and goods purchased through vendors authorized to do business in New Jersey.
Not Eligible: Productions featuring news, current events, weather, and market reports or public programming, talk shows, sports event, or reality show productions that solicit funds, productions containing obscene material as defined under N.J.S.2C:34-2 and N.J.S.2C:34-3, or productions primarily for private, industrial, corporate, or institutional purposes.
Benefits:
Tax credits up to 35% of qualified film production expenses.
Hazardous Discharge Site Remediation Fund
The Hazardous Discharge Site Remediation Fund provides funding for the investigation, remediation, and cleanup of contaminated and underutilized sites.
Start Date:
Deadline:
Eligibility:
Businesses, individuals, or municipalities in New Jersey that are performing remediation or cleanup of contaminated and underutilized sites.
Benefits:
Loans up to $1 million and grants up to $2 million.