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Funding

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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Answer just a few questions, and we'll find programs you may be eligible for.
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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
Deadline Approaching
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Closed
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
Coming Soon
Closed
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
Coming Soon
Closed
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
Coming Soon
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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
Coming Soon
Closed
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
Coming Soon
Closed
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
Coming Soon
Closed
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.

Accommodation and Food Services
Administrative and Employment Services
Arts, Entertainment, and Recreation
Agriculture, Forestry, Fishing and Hunting
Clean Energy
Loan
Deadline Approaching
Coming Soon
Closed
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 receive a 1% interest rate reduction

Clean Energy
Technology
Utilities
Loan
Deadline Approaching
Coming Soon
Closed
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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