Grow

Residential and commercial development projects located in a qualifying incentive area that meet all other program eligibility criteria.

Angel supported technology companies with minimum trailing 12 month commercial revenues of $250,000. The company must employ 75% of its W-2 employees in NJ or commit to growing 10 high-paying jobs over two years.

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. The company must employ 75% of its W-2 employees in NJ or commit to growing 10 high-paying jobs over two years.

Venture capital supported New Jersey-based technology companies with a minimum trailing 12-month commercial revenues of $500,000. This revenue amount must exceed the amount of the potential Edison Innovation Fund investment amount. The company must employ 75% of its W-2 employees in NJ or commit to growing 10 high-paying jobs over 2 years.

Eligibility varies widely for each program. Visit the program website for details.

Companies that meet the program minimums for new job creation or retained jobs, are located in an eligible incentive location, and can demonstrate the award of tax credits is a key factor in their decision to locate in New Jersey versus an out of state alternative location.

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 show, sports event, or reality show; productions that solicit funds; productions containing obscene material or productions primarily for private, industrial, corporate, or institutional purposes.

Product is in beta (versus alpha) stage of development and was created with input from clients or potential clients. Business has some “proof of concept” revenue. Typical pre-money valuation below $5M.Typically seeking to raise $250,000-$2 million. Consumer product companies that have annual run rate revenue of over $1M and gross margins over 40%.

Businesses, individuals, or municipalities in New Jersey that are performing remediation or cleanup of contaminated and underutilized sites.

To be eligible, a project must be a rehabilitation project. For a residential project, the structure must serve a residential rental purpose and also contain at least four dwelling units.

Requirements for the applicant:

• Applicant must demonstrate that without the tax credit award, the rehabilitation project is not economically feasible.
• Applicant must prove that a project financing gap exists, and the tax credit award being considered for the project is equal to or less than the project financing  gap.  
• Applicant must NOT have commenced any construction or rehabilitation activity at the site of the rehabilitation project prior to submitting an application and will not commence any construction or rehabilitation activity until the execution of the Rehabilitation Agreement (with certain limited exceptions).
• Applicant must include business entity contributed equity of at least 20 percent of the total project costs (10 percent of the total project costs, if located in a government-restricted municipality).
• Applicant must meet minimum cost requirements where the cost of rehabilitation for the selected rehabilitation period cannot not be less than the greater of the  adjusted basis of the structure or $5,000.