Small businesses and nonprofits must be entering a new market-rate lease, lease amendment, or lease extension for at least a 5-year term that includes at least 250 square feet of street-level space.
Business receive two grant awards of 20% of the annual lease payment.
The business must be registered in New Jersey.
The tax credit ranges from $2,400 to up to $9,600 per employee hired.
Businesses receive up to $25,000 in a federal bond insuring employers against theft, forgery, larceny, or embezzlement for a term of 6 months.
Small businesses, with particular emphasis on minority- and women-owned businesses, may apply.
Program includes a comprehensive series of classes, workshops, and strategic counseling sessions covering a variety of topics relevant to small businesses in all sectors.
Any business can apply if it has existing employees who can be trained in a new skill for current and future workforce demands.
Employers can receive grants of up to $100,000.
Businesses receive a sales tax exemption for the purchase of electricity and natural gas for use at the facility.
Venture funds must be actively investing in New Jersey’s innovative industries.
Businesses receive investment capital commitments up to $10M.
The following items are examples of activities eligible to apply for funding:
Previous reimbursement awards have ranged from $8,000 to $8M.
Businesses receive help finding employees by providing guidance on job matching or occupation-specific training programs.
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