All Updates

Small businesses can apply for up to $50,000 to reimburse closing costs related to purchasing New Jersey commercial property through the Main Street Acquisition Support Grant. This pilot program under the Main Street Recovery Fund operates on a first-come, first-served basis while funds last. Visit njeda.gov for eligibility requirements and to apply.

Small businesses and nonprofits can apply for funding to cover up to 20% of lease payments for the first two years when leasing new or additional space through the Small Business Lease Grant. Applications are accepted on a rolling basis.

Small businesses can apply for up to $50,000 to reimburse costs for building improvements or purchasing new furniture, fixtures, and equipment through the Small Business Improvement Grant. The program has awarded close to $13 million to over 500 New Jersey businesses since February. Applications are accepted on a rolling basis until funding is exhausted. Current processing time is 8 months from the application date.

New graduated transfer fee rates apply to real estate transactions over $1 million, with rates ranging from 1% to 3.5% based on sale price. The fee is now paid by the seller instead of the buyer. Rates are: 1% ($1M-$2M), 2% ($2M-$2.5M), 2.5% ($2.5M-$3M), 3% ($3M-$3.5M), and 3.5% (over $3.5M). Limited refund opportunities exist for transactions with contracts executed before July 10, 2025 and recorded by November 15, 2025. Refund claims must be filed within one year of recording.

Small businesses with a commercial location in New Jersey can receive up to $11,400 in free ecommerce and digital marketing consulting services. Restaurants, retail stores, and personal care businesses are eligible for website development, online ordering platforms, and e-commerce setup assistance. Contact an NJEDA partner consultant directly.

Eligible companies with at least 20 full-time employees can now apply for the ESOP Assistance Program from the New Jersey Economic Development Authority (NJEDA), which supports transitions to employee stock ownership plans. The program offers feasibility studies and technical assistance to enhance employee financial security and business continuity. Applications are accepted on a rolling basis.

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Pay Transparency is now the law in New Jersey! The New Jersey pay and benefits transparency law went into effect June 1, 2025.

The new law changes job posting requirements for most employers in New Jersey:

• Employers will now have to provide information about the pay, benefits, and other compensation programs that they are offering in their postings for new jobs and transfer opportunities.
• Employers must make reasonable efforts to ensure all current employees in affected departments are aware of promotional opportunities.
• The law covers job postings in any format, including job search websites, print advertisements, company newsletters, emails, social media, and more.

Pay Transparency helps employers attract, recruit, and retain the talent they rely on.

Step into New Jersey’s growing film industry with the NJ Film Works Grant Program. NJEDA invites applications for grants from $250,000 to $750,000 to fund workforce development and skills training initiatives. Eligible entities, including nonprofits and educational institutions, can apply by July 11, 2025.

Apply for up to $75,000 to support your clean technology projects with the Clean Tech R&D Seed Grant Round 4. This initiative from the New Jersey Commission on Science, Innovation and Technology (CSIT)  is designed to accelerate the development of technologies that reduce greenhouse gas emissions.

Eligible New Jersey-based companies with up to 50 full-time employees can apply. Projects must focus on clean technologies that avoid or recapture greenhouse gases in areas like energy efficiency, green buildings, and waste processing. Applications are due by July 11, 2025.

Faith and community-based organizations (FBCOs) can leverage several grant programs offered by the New Jersey Office of Faith-Based Initiatives (OFBI) to enhance their services and reach within the community.

Freedom School Planning Grants: These grants aid organizations in the planning stages of establishing NJ Freedom Schools. The funding supports efforts to assess organizational capacity, build infrastructure, recruit certified teachers, and develop parent-focused educational resources. Organizations must form a Freedom School Leadership Team to guide the planning process and engage in mandatory OFBI training.

Social Enterprise Entrepreneurship Development (SE2D) Project: SE2D offers two types of grants: 'Growth' for existing social ventures looking to expand and 'Start-up' for new ventures in the early stages of development. Growth grants require ventures to be revenue-generating and in operation for 1-3 years, while Start-up grants focus on intensive training and business plan development.

Special Projects: This category includes:

• Civic and Community Engagement: Projects that educate residents on effective community collaboration and advocacy, with activities like organizing training and immigration services.
• Food Security: Projects supporting organizations providing consistent food services at least four times a week to reduce food insecurity.
• Services to Seniors: Projects that support aging in place, preventing isolation, and improving the quality of life for low-income seniors.

Social Innovation: This category includes:

• College Readiness: Help students aged 16-25 gain access to college or trade schools, covering costs like application fees and arranging college tours.
• Trade Skills Readiness: Educate and provide access to trade schools and apprenticeships for individuals aged 16-30, including paid internships and trade fairs.
• Youth Entrepreneurship: Develop entrepreneurial skills in middle and high school students and provide startup capital for their business ideas.
• S.T.E.A.M.: Encourage at-risk youth to explore careers in STEM fields through hands-on experience and education in low-income communities.

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Project ATLAS: This capacity-building program offers grants, technical assistance, and coaching to strengthen the sustainability of FBCOs. It focuses on enhancing organizational viability and the capacity to provide quality social services. The program involves forming a leadership team, working with a coach to develop sustainability assessments, and implementing a pilot project based on community needs.

How to Apply

An organized application supported by documentation helps OFBI evaluate your project more quickly. Here’s a quick overview of submitting a successful application.

1. Confirm Your Eligibility: Verify your organization's eligibility as a non-profit Faith and/or Community-Based Organization serving low-income residents, with the necessary tax-exempt status under IRS Section 501(c)(3). Your organization must be registered with the NJ Division of Consumer Affairs and the Division of Revenue and Enterprise Services. Confirm that you have a current Charity Registration Number, Business Revenue Number, and good standing with the Business Service Center.
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2. Document Preparation: Collect all required documentation, including the IRS Determination Letter and Certificate of Incorporation.
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3. Participate in Training: Attend the OFBI's technical assistance training webinars for insight into the grant application process.
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4. Application Submission: Complete the application via the System for Administering Grants Electronically (SAGE) before the deadline.
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5. Develop a Comprehensive Proposal: Draft a detailed proposal that includes an overview of your organization, a project summary that aligns with the OFBI's mission, and a clear depiction of organizational capacity.
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6. Highlight Potential Partnerships: While not required, if applicable, describe any collaborative relationships that could enhance your project's reach and effectiveness.
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7. Outline Project Details: Provide a thorough description of your project, including design, target population, project goals, and methods of evaluation.
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8. Ready Post-Award Actions: If awarded, be prepared to engage in necessary communication, adhere to reporting schedules, and fulfill all post-award requirements as outlined by the OFBI.

Applications are due February 28th, 2025 at 4:00pm.