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Whether you're looking for startup capital or considering a loan to finance the expansion of your business, a variety of opportunities are available.
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New Jersey Water Bank Program

Rolling Application

Deadline:

Start Date:

Eligibility

  • 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)

Benefits

Businesses receive loans with principal forgiveness and below-market interest rates.

All Industries
Loan
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Next New Jersey Manufacturing Program

Deadline

Deadline:

Start Date:

Eligibility

To be eligible for the Next NJ Manufacturing program, a project must:

  • Invest at least $10 million in a business facility
  • Create at least 20 new full-time jobs
  • Make sure the facility mostly does manufacturing work
  • Pay full-time workers a median salary at least 120% of the county's median for manufacturing
  • Keep the facility as a qualified business facility during the commitment period
  • Enter a collaborative relationship with a New Jersey-based school, college, workforce organization, or similar group
  • Meet environmental and sustainability standards
  • Follow affirmative action requirements
  • Pay workers at least the prevailing wage rate for construction or building services

Benefits

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.

Clean Energy
Life Sciences
Manufacturing
Mining, Quarrying, and Oil and Gas Extraction
Offshore Wind
Tax Credit
Deadline Approaching
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NJ Accelerate

Rolling Application

Deadline:

Start Date:

Eligibility

  • Businesses in accelerator programs and graduates of approved accelerators

Benefits

  • 1:1 matching event sponsorship up to $100,000 for accelerator programs
  • 1:1 matching loan funding up to $250,000 and rent support for up to 6 months for graduate companies

Technology
Life Sciences
Clean Energy
Educational Services
Loan
Deadline Approaching
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NJ Brownfields Assistance Center @ NJIT

Rolling Application

Deadline:

Start Date:

Eligibility

  • The NJ Brownfield Assistance Center @ NJIT provides the tools and resources necessary to reclaim and redevelop brownfield sites

Benefits

  • Free focused assistance to New Jersey county and local governments and nonprofits to develop brownfield redevelopment solutions
  • Assistance to educate and engage communities in an effort to build capacity and a knowledge base on brownfield redevelopment

Waste Management and Remediation
Construction
Real Estate and Leasing
Technical Assistance
Deadline Approaching
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NJ Cool

Rolling Application

Deadline:

Start Date:

Eligibility

  • Must be a commercial building owner or a commercial tenant with landlord/building owner approval for the proposed project
  • Must have a valid New Jersey tax clearance certificate no older than 180 days at the time of application approval
  • Must be in good standing with the New Jersey Department of Labor and Workforce Development (DOL) and the New Jersey Department of Environmental Protection (DEP)
  • Must demonstrate proof of funding/financing for the estimated project costs plus a 15% project contingency following grant award approval and before finalizing the grant agreement
  • The building must be located in Newark, Edison, or Atlantic City
  • Must meet building occupancy classifications: Mercantile Group M, Assembly Group A-2, or Business Group B per the New Jersey Building Code
  • All work must comply with NJ prevailing wage and affirmative action requirements
  • Total eligible project costs must be greater than or equal to $100,000 (no upper limit)
  • Projects must not involve new construction or enlargements (adding square footage)
  • Must switch 75% or more of building space heating loads from fossil fuel-based systems to non-combustion-based systems with low to zero direct operating emissions
  • Must replace 75% or more of existing high global warming potential (GWP) refrigerants with lower GWP alternatives
  • The 75% switching requirement applies only to the portions of the building within the tenant’s lease or the building systems affecting the tenant’s space

Benefits

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).

Construction
Other Services
Real Estate and Leasing
Grant
Deadline Approaching
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NJEDA Take Charge Program

Opening Soon

Deadline:

Start Date:

Eligibility

Businesses can apply for the Take Charge program if they are:

  • For-profit commercial organizations with at least two vehicles used for commercial purposes
  • Charging-as-a-service providers
  • Property owners installing chargers for tenant fleets.

To qualify, applicants must:

  • Install permanent charging infrastructure in New Jersey
  • Provide documentation that identifies a fleet operator meeting the program's eligibility requirements

Benefits

  • Businesses can get back 50% to 65% of their project costs, depending on bonus criteria
  • Grants range from $50,000 to $5 million
  • Small businesses that have 25 or fewer full-time employees or make less than $5 million a year can get an extra 5% on their reimbursement limit
  • Projects in Overburdened Communities or Adjacent Communities can get a 5% increase in their reimbursement cap
Clean Energy
Transportation and Warehousing
Construction
Other Services
Grant
Deadline Approaching
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NJ Ignite

Rolling Application

Deadline:

Start Date:

Eligibility

  • Renters can be early-stage technology and life science companies in New Jersey with 10 or fewer employees
  • Less than $1M in trailing 12 months of gross sales from the 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

Technology
Life Sciences
Grant
Deadline Approaching
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NJ Industry Partnerships

Rolling Application

Deadline:

Start Date:

Eligibility

  • Speak to the regional coordinator listed on your industry's page by using the link in the title

Benefits

  • Businesses can get help filling positions with skilled workers, developing career pathways to ensure a pipeline of future workers, creating ongoing training feedback loops with education, workforce, and economic development partners
  • The program also gives businesses a powerful industry voice to impact policy

All Industries
Hiring & Employee Training Support
Deadline Approaching
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NJ Zero Emission Incentive Program (NJZIP)

First Come, First Serve

Deadline:

Start Date:

Eligibility

  • Must operate 75% of vehicle miles in NJ and register a vehicle in NJ
  • Purchase and register a new zero-emission class 2b- class 8 vehicle for commercial, industrial, or institutional use within 12 months of voucher reservation
  • Be in good standing with the NJ Department of Labor and NJ Department of Environmental Protection

Benefits

Businesses can receive vouchers up to $100,000 plus bonuses.

Accommodation and Food Services
Administrative and Employment Services
Agriculture, Forestry, Fishing and Hunting
Arts, Entertainment, and Recreation
Clean Energy
Grant
Deadline Approaching
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On-the-Job Training Program

First Come, First Serve

Deadline:

Start Date:

Eligibility

  • Employers must be registered in New Jersey
  • Employers must train workers at their job site, using workplace tools or equipment
  • New hires must be unemployed New Jersey residents or residents facing job loss
  • Businesses should offer full-time, long-term jobs that pay above the State minimum wage

Benefits

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.

All Industries
Hiring & Employee Training Support
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