NEW JERSEY INNOVATION FELLOWS PROGRAM

The Innovation Fellows program supports entrepreneurs with unique startup ideas with access to mentorship and “income replacement” grants. This resource creates an opportunity for the entrepreneurs to pursue unique startup business ventures with the security of initial income replacement funding and guidance during the two-year ideation and formation period of their businesses. Applications will be accepted until Friday, July 5, 2024, at 5:00 PM EST.

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NJ CAPITAL ACCESS FUND

Developed by the NJEDA, the NJ Capital Access Fund provides working capital with fixed interest rates and flexible spending guidelines, so you have the freedom to achieve more and to plan your business’s bright future.

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New Jersey Economic Recovery ACt

Governor Phil Murphy signed the New Jersey Economic Recovery Act of 2020 (ERA) into law on January 7, 2021. The ERA creates a seven-year, $14 billion package of tax incentive, financing, and grant programs that will address the ongoing economic impacts of the COVID-19 pandemic and build a stronger, fairer New Jersey economy. The public is invited to provide feedback on draft program rules.

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New Jersey Rise program

New Jersey Re-assigning In State Employees (NJ RISE) is a new program to incentivize businesses to re-assign New Jersey residents who are working in another state to a New Jersey location. The $35 million NJ RISE Program will provide grants to companies to relocate its New Jersey-resident employees, ensuring a residents’ income taxes stay in New Jersey, which will help increase tax revenue.

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News & Updates

Press Release
June 27th, 2024

NJEDA Invests $10.5M as Part of $80M Clean Energy Loans Program

TRENTON, N.J. (June 27, 2024) – The New Jersey Economic Development Authority (NJEDA) recently closed on two loans totaling $10.5 million through the New Jersey Clean Energy Loans (NJ CELs) Program to support expanded solar energy across the state. 
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Press Release
June 19th, 2024

NJEDA Partners with AfroTech to Host Major Innovation Event During North to Shore Festival

TRENTON, N.J. (June 19, 2024) – The New Jersey Economic Development Authority (NJEDA) and AfroTech have partnered to host AfroTech Executive 2024 in Newark during this year’s North to Shore Festival.
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Press Release
June 18th, 2024

Over $9 Billion in Economic Impact Credited to NJEDA’s North Brunswick Incubator

NORTH BRUNSWICK, N.J. (June 18, 2024) – The New Jersey Economic Development Authority (NJEDA) today released findings from the NJ Bioscience Center Incubator (BCI) IMPACT Study, a report seeking to understand and quantify the economic impacts of the incubator and the companies it has hosted and nurtured.
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Press Release
June 17th, 2024

Mixed-Use Development in Downtown Newark Approved for NJEDA Aspire Awards

TRENTON, N.J. (June 17, 2024) – Last week, the New Jersey Economic Development Authority (NJEDA) Board approved a mixed-use residential development project in Newark for Aspire tax credits.
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Press Release
June 14th, 2024

Murphy Administration Unveils Proposal to Spur Transit-Oriented Development and Bolster NJ TRANSIT

TRENTON, N.J. (June 14, 2024) – The Murphy Administration today unveiled a legislative proposal that would direct the New Jersey Economic Development Authority (NJEDA) to purchase up to $100 million in property from NJ TRANSIT to help expand commuter hubs across the state and meet a variety of critical needs.
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Press Release
June 12th, 2024

Aspire Tax Credits Add to State Support for Major Film Studio Project in Bayonne

TRENTON, N.J. (June 12, 2024) – The New Jersey Economic Development Authority (NJEDA) Board today approved tax credits under the Aspire Program for 1888 Studios in Bayonne.
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Press Release
June 12th, 2024

NJEDA Approves NJ Innovation Evergreen Fund Investment to Morristown-Based TripWorks, Inc.

TRENTON, N.J. (June 12, 2024) – The New Jersey Economic Development Authority (NJEDA) Board today approved an investment into an emerging New Jersey-based company from the New Jersey Innovation Evergreen Fund (NJIEF).
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Press Release
June 11th, 2024

Governor Murphy Announces Planned Aerospace Innovation Center in Atlantic County

TRENTON, N.J. (June 11, 2024) – Governor Phil Murphy today announced that the New Jersey Economic Development Authority (NJEDA) and the Atlantic County Improvement Authority (ACIA) have launched the Aerospace Innovation Center (AIC), a Strategic Innovation Center (SIC) located in Atlantic County that will focus on the aerospace industry.
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Press Release
June 7th, 2024

NJEDA Releases Main Street Program Rules for Public Feedback

TRENTON, N.J. (June 7, 2024) – The New Jersey Economic Development Authority (NJEDA) is seeking public input on amendments to the rules for the Main Street Recovery Finance Program.
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Press Release
June 7th, 2024

48 Seed Equity Grant Awardees Graduate from NJEDA’s Cannabis Technical Assistance Program

TRENTON, N.J. (June 7, 2024) – A new wave of entrepreneurial talent is ready to transform New Jersey’s cannabis industry as 48 recipients of the New Jersey Economic Development Authority’s (NJEDA) Seed Equity Grant Program proudly graduated from a rigorous nine-week Cannabis Technical Assistance Program (CTAP) at a celebration held at Hub 13 in Trenton last month.
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Press Release
June 5th, 2024

NJEDA to Extend Submission Deadlines for Film and Digital Media Production Industry Workforce Development RFI

TRENTON, N.J. (June 5, 2024) – The New Jersey Economic Development Authority (NJEDA) is extending the deadline of its Request for Information (RFI) seeking insight from film and digital media production industry stakeholders on best practices for sector workforce program design, parameters, and details for the development of a future $5 million NJEDA film and digital media production workforce training program.
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Press Release
June 5th, 2024

NOTICE OF NJEDA BOARD MEETING – 06/12/2024

The New Jersey Economic Development Authority’s next public Board Meeting will be held in person and via teleconference on Wednesday, June 12, 2024, at 10:00 am.

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Press Release
June 4th, 2024

NJEDA to Host Informative “Open Houses” on Offshore Wind in New Jersey

TRENTON, N.J. (June 04, 2024) – The New Jersey Economic Development Authority (NJEDA), along with the New Jersey Department of Environmental Protection, New Jersey Board of Public Utilities, and the New Jersey Department of Labor & Workforce Development, will be hosting a series of open house events designed to educate and engage the public about the state’s offshore wind initiatives.

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Press Release
June 3rd, 2024

34 Innovative Companies Awarded Benefits through NJEDA’s Technology Business Tax Certificate Transfer (NOL) Program in 2023

TRENTON, N.J. (June 3, 2024) – The New Jersey Economic Development Authority (NJEDA) today announced that 34 technology and life sciences companies were awarded more than $68 million through the 2023 Technology Business Tax Certificate Transfer Program, commonly known as the Net Operating Loss (NOL) program.
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Press Release
May 31st, 2024

NJEDA to Host Information Session at Kean University for New Emerging Developers Grant

TRENTON, N.J. (May 31, 2024) – The New Jersey Economic Development Authority (NJEDA) will host an in-person information session at Kean University on Wednesday, June 5th to introduce the newly established $20 million Emerging Developers Grant pilot program.

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Press Release
May 29th, 2024

NJEDA to Release C-PACE Guidelines for Public Comment

TRENTON, N.J. (May 29, 2024) – The New Jersey Economic Development Authority (NJEDA) has issued guidelines for the Garden State Commercial Property Assessed Clean Energy (C-PACE) Program, which are open for public comment.
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Press Release
May 28th, 2024

NJEDA Issues Request for Information on Film and Digital Media Production Industry Workforce Development

TRENTON, N.J. (May 28, 2024) – The New Jersey Economic Development Authority (NJEDA) issued a Request for Information (RFI) today seeking insight from film and digital media production industry stakeholders on best practices for sector workforce program design, parameters, and details for the development of a future $5 million NJEDA film and digital media production workforce training program.
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Press Release
May 23rd, 2024

Offshore Wind Roundtable in Atlantic City Sparks Critical Conversations on Maritime Opportunities and Workforce Development

Atlantic City, N.J. (May 23, 2024) – Yesterday, the New Jersey Economic Development Authority (NJEDA) hosted a Maritime Roundtable forum to convene leading figures from the maritime service industry and maritime-related businesses to address pressing opportunities and challenges in offshore wind.

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Press Release
May 21st, 2024

NOTICE OF NEW JERSEY GREEN BANK BOARD MEETING

Please be advised that the initial Board Meeting for the New Jersey Green Bank will be held in person and via teleconference on Tuesday, May 28, 2024, at 1:30 p.m.

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Press Release
May 16th, 2024

NJEDA Expands the Activation, Revitalization, and Transformation Program to 31 Municipalities Across NJ

TRENTON, N.J. (May 16, 2024) – At the Annual Conference of Mayors Luncheon in Atlantic City today, Governor Murphy announced a second round of strategic investments in commuter hub cities to spur economic growth in the wake of the pandemic by invigorating arts and culture.
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Press Release
May 15th, 2024

NJEDA Board Approves Brownfields Redevelopment Award to Support Remediation of Bergen County Manufacturing Site

TRENTON, N.J. (May 15, 2024) – The New Jersey Economic Development Authority (NJEDA) Board approved $350,000 in tax credits under the Brownfields Redevelopment Incentive (BRI) Program to support remediation of a long-dormant manufacturing site in Elmwood Park.
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Press Release
May 15th, 2024

NOTICE OF NJ MOTION PICTURE & TELEVISION COMMISSION BOARD MEETING

Please be advised that the next New Jersey Motion Picture and Television Commission Board Meeting will be held in person and via teleconference on Wednesday, May 22, 2024, at 10:30 am.
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Press Release
May 14th, 2024

NOTICE OF CCRC BOARD MEETING

Please be advised that the next Capital City Redevelopment Corporation Board Meeting will be held in person and via teleconference on Tuesday, May 21, 2024, at 11:00 am.
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Press Release
May 10th, 2024

NOTICE OF CSIT ANNUAL BOARD MEETING – 05/17/2024

A meeting of the Commission of Science, Innovation and Technology (CSIT) Board has been scheduled for Friday, May 17, 2024, at 10:00 am.

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Press Release
May 8th, 2024

NJEDA Board Designates Netflix as a Studio Partner, Continuing New Jersey’s Film Industry Momentum

TRENTON, N.J. (May 8, 2024) – The New Jersey Economic Development Authority (NJEDA) Board today designated Netflix Inc. as a Studio Partner, allowing the media company to access expanded benefits under the state’s Film and Digital Media Tax Credit program.
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All NEWS & Updates

Upcoming Board Meetings

July
17
10:00 am
Wednesday

July 17, 2024

NJEDA Board Meeting

NJEDA Board Room, 36 West State Street, Trenton, NJ Teleconference: 877-692-8955 Conference ID: 4204420

    Past Board Meetings

    June 12, 2024

    NJEDA Board Meeting

    May 8, 2024

    NJEDA Board Meeting

    April 10, 2024

    NJEDA Board Meeting

    March 7, 2024

    NJEDA Board Meeting

    February 7, 2024

    NJEDA Board Meeting

    December 14, 2023

    NJEDA Board Meeting

    November 16, 2023

    NJEDA Board Meeting

    October 12, 2023

    NJEDA Board Meeting

    September 12, 2023

    NJEDA Board Meeting

    July 26, 2023

    NJEDA Board Meeting

    All Board Meetings

    EVENTS CALENDAR

    Featured
    30
    5:30 pm
    Free Event
    Tuesday

    July 30, 2024

    INFO SESSION (Camden) – Activation, Revitalization, and Transformation (A.R.T.) Program Phase II

    Please join the New Jersey Economic Development Authority (NJEDA) on Tuesday, July 30, 2024, from 5:30 p.m. to 7:30 p.m. to learn about our Activation, Revitalization, and Transformation (A.R.T.) Program Phase II. The A.R.T. Program Phase II is a competitive …
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    17
    2:00 pm
    Free Event
    Wednesday

    July 17, 2024

    WEBINAR: Resources for New Jersey Diners

    New Jersey diner owners should join the opportunity to hear about resources from the New Jersey Economic Development Authority (NJEDA), the Small Business Administration (SBA), and the New Jersey Business Action Center (NJBAC). NJEDA staff will review business banking financing …
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    19
    2:00 pm
    Free Event
    Friday

    July 19, 2024

    Virtual Office Hours for NJEDA’s Innovation Programs

    Join the NJEDA Innovation Programs Department’s Office Hours where companies and professionals can come together to learn more about the various NJEDA programs developed to support the technology and biotechnology startup ecosystem. There will be a brief presentation, with time …
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    23
    5:30 pm
    Free Event
    Tuesday

    July 23, 2024

    INFO SESSION (Middlesex) – Activation, Revitalization, and Transformation (A.R.T.) Program Phase II

    Please join the New Jersey Economic Development Authority (NJEDA) on Tuesday, July 23, 2024, from 5:30 p.m. to 7:30 p.m. to learn about our Activation, Revitalization, and Transformation (A.R.T.) Program Phase II. The A.R.T. Program Phase II is a competitive …
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    PUBLIC INFORMATION

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    2023-RFP-171 – BOARD GOVERNANCE SOFTWARE PROVIDER
    PROPOSALS DUE BY: June 6, 2023 2:00PM(ET)

    2023-RFQ-169 – MATERNAL AND INFANT HEALTH INNOVATION CENTER LEAD ROLES
    PROPOSALS ARE DUE BY: May 22, 2023 2:00PM(ET)

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