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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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It Pays to Plug In: Electric Vehicle Workplace Charging Grant Program

First Come, First Serve

Deadline:

Start Date:

Eligibility

  • Public, workplaces, and multi-unit residential dwellings are eligible
  • Charging stations can't be placed in private residential dwellings

Benefits

Businesses and others can be reimbursed for 100% of the costs if on government property and 80% of costs if on private property, up to a maximum of:

  • $750 per Level 1 charging port (provides 120 VAC up to 12 A)
  • $4,000 per Level 2 charging port (provides 240 VAC from 12 A to 80 A)
All Industries
Grant
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Main Street Micro Business Loan

First Come, First Serve

Deadline:

Start Date:

October 6, 2022

Eligibility

Nonprofit, for profit, and home-based micro businesses interested in applying for the Main Street Micro Business Loan must meet the following eligibility requirements:

  • Must have less than $1.5M in annual gross revenue for the most current fiscal year (to the extent the business has annual revenues)
  • Must have a credit score of at least a 600 from at least one owner to be eligible
  • Must have no more than 10 full-time employees (All employees must work in New Jersey as evidenced by WR-30 filings. There is no minimum employee number and sole proprietors are eligible.)
  • Must be formed at least six months prior to the date of application, as evidenced by the date of formation/incorporation

Benefits

  • Future operating expenses, including working capital to fund future operating expenses (for example, payroll, rent, mortgage, utilities, taxes, and inventory)
  • Future purchases of equipment as long as installation and construction costs do not exceed $1,999.99

Home-based businesses cannot use loan proceeds for any residential costs (i.e. home mortgage/lease payments).

All Industries
Loan
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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
Loan
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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
All Industries
Technical Assistance
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NJ Clean Construction Program

First Come, First Serve

Deadline:

Start Date:

Eligibility

  • Businesses or non-profits must own the non-road construction equipment
  • Equipment must be used a minimum of 50% of the time in New Jersey for a current or future construction project in New Jersey
  • Equipment cannot be planned to go out of use in the next 5 years
  • Priority is given to urban areas, high frequency of use, and older models

Benefits

Award of up to $100,000 per piece of equipment purchased or replaced.

Construction
Utilities
Grant
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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
Real Estate
Technology
Life Sciences
Other Services
Grant
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NJ Industry Partnerships

Rolling Application

Deadline:

Start Date:

Eligibility

  • Please 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
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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.

All Industries
Grant
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New Jersey Capital Access Fund

Rolling Application

Deadline:

Start Date:

Eligibility

  • Be located in New Jersey with fewer than 50 employees
  • Have an annual revenue of $10 million or less
  • Be in business for at least 1 year before the date of application
  • Demonstrate the ability to repay the loan

Benefits

This fund loans up to $250,000 with fixed interest rates and flexible spending guidelines. The working capital loan can be used to support payroll, supplies, rent, utilities, marketing, advertising, and other business operation expenses.

The application process is straightforward and offers access to experienced nonprofit lenders and technical assistance providers.

All Industries
Loan
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New Jersey Clean Energy Loans

Rolling Application

Deadline:

Start Date:

Eligibility

  • Be located in New Jersey with fewer than 750 employees
  • Be seeking to finance a clean energy project and use a clean energy technology that has already been demonstrated in the US or internationally
  • Be in good standing with the New Jersey Department of Labor and Workforce Development and NJ Department of Environmental Protection
  • Have a valid tax clearance certificate no older than 180 days at time of approval
  • Be economically feasible
  • Be requesting a loan of $500,000 to $20M for the project in total (NJEDA and private financing)
  • Be requesting 50% or less of the total loan amount from the NJEDA ($250,000-$10M)
  • Have a term sheet, letter of intent, draft agreement, commitment letter, or similar document from an eligible financial institution.
  • Not be enrolled in any other state State Small Business Credit Initiative (SSBCI) program

Benefits

  • Loans at 3% below the financial institution's interest rate
  • Minority-, Woman-, and Veteran-owned businesses receive an additional 1% interest rate reduction
  • Businesses/projects located in Overburdened Communities also receive a 1% interest rate reduction
All Industries
Loan
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