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)
Businesses receive loans with principal forgiveness and below-market interest rates.
To be eligible for the Next NJ Manufacturing program, a project must:
Applicants can receive 2% to 25% of their capital investment back in tax credits over five years, based on the number of full-time jobs they create. Eligible manufacturers can get a tax credit up to $150 million.
Grant awards will cover 50% of eligible project costs up to a maximum award of $1,000,000 per project (with a minimum award amount of $50,000 per project).
Businesses can apply for the Take Charge program if they are:
To qualify, applicants must:
Businesses can receive vouchers up to $100,000 plus bonuses.
Businesses can get back 50% of the wages for training new workers, up to $10,000 or 26 weeks for each employee. Employers may also get no-cost, six-month, $25,000 federal bonds for hiring public assistance recipients.