Employers:

• Be registered to do business in New Jersey
• Provide a matching $1,000 payment per participating employee for each year (up to four years) the employee works at their business and remains in the program
• Certify that the participating employees work in an approved occupation each year

Employees:

• Be residents of NJ and maintain domicile in the State during their participation in the program
• Have earned a degree from an approved STEM degree program from an institution of higher education in NJ
• Have graduated on or after December 14, 2018
• Have worked full-time in an approved high-growth STEM occupation at a NJ employer for a minimum of four years before applying for the program
• If approved, must work full-time for an additional one to four years in an approved high-growth STEM occupation at a NJ employer in the program

Eligible occupations are listed in the Higher Education Student Assistance Authority (HESAA) eligible high-growth STEM occupations list

• Private entities, such as developers, can be eligible as clean water applicants through public conduit borrowers
• Drinking water applicants 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

• To qualify, eligible entities must have incurred at least $5M in total annual energy costs (on a pre-sales tax basis, aggregate of all buildings/sites) between July 1st, 2021 and June 30th, 2022 as billed by NJ investor-owned utilities and any applicable third-party suppliers associated with those accounts
• Applicant accounts must be commercially-billed and pay the Societal Benefits Charge (SBC)

• Must use natural gas and/or electricity as the primary heating fuel supplied by a New Jersey investor‐owned utility
• Must be newly constructed single family, multi‐single low‐rise, and high‐rise multifamily buildings
• Existing homes undergoing substantial renovation or remodeling that meets the criteria above

• CHP or Waste Heat to Power projects must achieve an annual system efficiency of at least 60% (Higher Heating Value - HHV), based on total energy input and total utilized energy output
• FC systems must achieve an annual electric system efficiency of at least 40% (HHV) based on Net Useful Electric Power plus Net Useful Thermal Production (if any) divided by the Total Fuel Input at HHV

• Participants must be electric and/or gas customers of New Jersey investor-owned utilities and pay the monthly Societal Benefits Charge (SBC)
• Incentives are offered for new construction and substantial renovations

• Businesses investing at least $17.5M in a qualified wind energy facility and employing at least 150 new, full-time employees

• Entities who are developing new, or building upon existing Registered Apprenticeship programs
• Any employer, trade associations, labor organization, or others with programs supporting the industries in which they work

• Companies that meet the program minimums for new job creation or retained jobs
• Must be located in an eligible incentive location
• Can demonstrate the award of tax credits is a “material factor” in their decision to locate in New Jersey versus an out-of-state alternative location
• Create at least 35 new, full-time jobs (requirement may be lower if business is primarily engaged in a targeted industry or meets the definition of a "small business")

• Businesses must own less than 10 petroleum underground storage tanks in New Jersey
• For an interest-free loan: Businesses must have a net worth of less than $2M and demonstrate they're unable to obtain a commercial loan for all or part of the eligible costs
• For a grant: Businesses must have taxable income not exceeding $250,000 and a net worth not exceeding $500,000, excluding their primary residence and pension
• Eligibility for independent institutions of higher education, nonprofit organizations, volunteer fire, ambulance, first aid, emergency or rescue company or squad, is defined in the UST Finance Act