TRENTON, N.J. (December 23, 2022) – Today, the New Jersey Economic Development Authority (NJEDA) released information on the state’s Food Desert Relief Tax Credit Program and announced dates for public listening sessions. Established by the New Jersey Economic Recovery Act of 2020 (ERA), the Food Desert Relief Act (FDRA) addresses the food security needs of communities across New Jersey by providing up to $40 million per year in tax credits, loans, grants, and/or technical assistance to increase access to nutritious foods and develop new approaches to alleviate food deserts. The NJEDA is seeking public feedback on the first program under the FDRA, the Food Desert Relief Tax Credit Program.

The Food Desert Relief Tax Credit program encourages sustainability of supermarkets for a lasting impact on communities. To be eligible, applicants must demonstrate that with the tax credit award the supermarket will remain open for business for at least seven years. Awards of up to 40 percent of project costs are available for development of the first new or substantially rehabilitated supermarket in a designated Food Desert Community (FDC), while the second supermarket in an FDC can be eligible for an award of up to 20 percent of project costs. Awards will also be available to fill a shortfall in initial operating income, including a reasonable operating profit.

The NJEDA, in collaboration with the Departments of Community Affairs and Agriculture, previously designated 50 FDCs across the state, approved by the NJEDA board in February 2022. These FDCs will be targeted by a variety of programs to increase access to affordable, nutritious food through funding for supermarkets, small- and mid-size retailers, and other entities that support food security initiatives. The program that will be the focus of the upcoming public listening sessions is the Food Desert Relief Tax Credit Program, which aims to support the development and initial operations of new supermarkets and grocery stores in these communities.

Members of the public are encouraged to review the preliminary information and submit written feedback through an online form available on the Economic Recovery Act website. The NJEDA will also be hosting two listening sessions for public input on the proposed information for the Food Desert Relief Tax Credit Program. There will be an in-depth presentation by NJEDA representatives, with time allowed for questions, comments, and feedback. Members of the public will have the opportunity to offer comment on the information presented.

The virtual sessions will be held:

Those unable to attend these sessions and those that wish to submit written feedback will be able to submit public comment until January 9th. To provide feedback on the Food Desert Relief Tax Credit Program online click here.

Members of the media interested in attending the session or submitting questions are asked to email media@njeda.com. 

In addition to the Food Desert Relief Tax Credit program, the ERA creates a suite of programs that includes tax credits to incentivize job creation, new construction, and historic property reinvestment; and financial resources for small businesses. The NJEDA will continue to engage the public as new programs and rules are developed.

For more information and to provide written input on the design and implementation of Economic Recovery Act programs, visit https://www.njeda.gov/economicrecoveryact/.

The Food Desert Tax Credit Program is part of a broader portfolio of work focused on food security, including the Food Security Planning Grant and Sustain & Serve NJ. For more information on the Food Desert Relief Act and Food Desert Community designations, visit https://www.njeda.gov/food-desert-relief-program/.

About the NJEDA

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness. NJEDA is developing the Wind port on behalf of the State.

To learn more about NJEDA resources for businesses call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

###

Due to inclement weather, all NJEDA offices will be closed on Friday, December 23, 2022. Employees are expected to work remotely.

TRENTON, N.J. (December 21, 2022) The New Jersey Economic Development Authority (NJEDA) today announced the award of the first-ever Studio Partner designation under the Garden State Film and Digital Media Jobs Act.  The designation was awarded to Lions Gate Films Inc., which is set to lease space at the Newark studio currently under construction by Great Point Studios, after approval by the NJEDA Board.

“Awarding this designation is a major step in New Jersey’s evolution as a film and television destination,” said Governor Phil Murphy. “Bringing studios like Lions Gate to New Jersey will allow us to attract more and larger productions to our state and will create good, high-paying jobs for our residents.”

The designation awarded to Lions Gate is one of only three available under the film and digital media tax incentive program and will allow the studio partner to capture additional above-the-line wage and salary costs as qualified expenses.  Above-the-line wages and salary are payments made to highly paid individuals like directors, producers, writers, and performers. The studio partner may include in its application for tax credits above-the-line wages and salary expenses of up to $15 million, $25 million, $40 million, or $60 million depending on the amount of qualified film production expenses involved in the project.  In addition, $100 million of the allocation for film and digital media tax credits is set aside for studio partners.

“This is great news for New Jersey’s flourishing film and television industry,” said NJEDA Chief Executive Officer Tim Sullivan. “Lions Gate will be a welcome addition to the film landscape, and we look forward to seeing the ‘Filmed in New Jersey’ logo on Lions Gate films for years to come.”

Great Point Studios Co-Founder Robert Halmi said of today’s announcement, “This is a wonderful development for the many entertainment industry workers and performers in New Jersey and for the state itself. It could not have come about without the help of Governor Phil Murphy, who recognized the importance of this vast project to Newark, the state, and the region.”

Originally created under the Garden State Film and Digital Media Jobs Act, the New Jersey Film and Digital Media Tax Credit Program provides a credit against the corporation business tax and the gross income tax for expenses incurred to produce certain films and digital media content in New Jersey.

The project sits on the former site of the Seth Boyden Housing complex in the South Ward section of Newark. The total planned costs are estimated to exceed $194 million to construct and fit out the 350,000- square-foot studio development.

When complete, the project will include five production stages ranging from 20,000 to 30,000 square feet and will offer a full set of production services on site, including grip and electric, equipment, props, set building, restaurants, location catering, cleaning service and security. Once fully operational, initial projections anticipate over 600 new full-time jobs will be created as a part of the development of this facility. The project site will be developed and operated by Great Point Studios, which operates Lions Gate’s new studio complex in Yonkers, NY.

On September 15, 2022, Great Point Studios entered into a ten-year six-month lease with Lions Gate Films, Inc. for a substantial portion of the Newark studio complex. Pursuant to the lease Lions Gate Films Inc. has committed to occupy 253,000 square feet of the development

Construction work commenced on September 16, 2022, and the studio complex is expected to be completed by September 2024.

Founded in 1998, Lions Gate Films Inc. is a subsidiary of Lions Gate Entertainment Corp.  Lions Gate’s film and television subscription and location-based entertainment businesses include a library of over 17,000 titles including many iconic film and television franchises such as Mad Men, Orange is the New Black, The Hunger Games, La La Land, and the Twilight Saga.

About the New Jersey Economic Development Authority

The New Jersey Economic Development Authority (NJEDA) serves as the state’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the state and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram and LinkedIn.

 ###

Now funded at $57.5M, Sustain & Serve NJ helps program grantees buy meals from local restaurants and feed families over the holidays

TRENTON, N.J. (December 20, 2022) – The New Jersey Economic Development Authority (NJEDA) today announced plans to allocate an additional $5 million in state funding to Phase 3 of its Sustain & Serve NJ program. Sustain & Serve NJ provides nonprofit organizations with grants to support the purchase of meals from New Jersey restaurants that have been negatively impacted by COVID-19 and the distribution of those meals at no cost to recipients. The announcement comes at a time of year when nonprofits are facing peak demand for food assistance.  The funding announced today is expected to support the purchase of an additional 450,000 meals.

Sustain & Serve NJ launched during the pandemic as a $2 million pilot program to boost restaurants impacted by COVID-19 while combatting rising food insecurity and has grown into an over $57 million program that continues to bring much-needed food to people across New Jersey. Since February 2021, Sustain & Serve NJ has already supported the purchase of more than four million meals from over 400 restaurants in all 21 counties with grants totaling $57.5 million through three rounds of funding.

“Sustain & Serve NJ is a unique tool with a proven track record of enabling nonprofits to buy meals from local restaurants to combat food insecurity,” Governor Phil Murphy said. “Food banks and other nonprofits statewide are seeing a rising demand this holiday season and this added $5 million for Sustain & Serve NJ will significantly aid their efforts to connect New Jerseyans with nutritious meals.”

Earlier this year, 31 New Jersey nonprofits were approved to receive a total of $17.5 million through Phase 3 of Sustain & Serve NJ. Each of these awardees will now receive additional funding to support their efforts.

“Sustain & Serve NJ grantees are working extra hard this holiday season to feed their neighbors and support their communities,” said NJEDA Chief Executive Officer Tim Sullivan. “Governor Murphy has championed Sustain & Serve NJ since the beginning, and we are grateful to him and the Legislature for continuing to provide the resources we need to combat hunger every day of the year while supporting local restaurants throughout the Garden State.”

“This additional $5 million committed to Sustain & Serve NJ partners will go extra lengths in making sure more families see hot and freshly prepared foods on their tables this holiday season, into the New Year, and beyond,” said Assembly Speaker Craig J. Coughlin. “And that’s incredibly critical as our food banks report sharp increases in food insecurity among our communities.”

Sullivan noted that Sustain & Serve NJ is a key part of the NJEDA’s efforts to strengthen the economic security of all New Jerseyans. The Authority is putting forth a multi-pronged strategy to eliminate food deserts within the state and to bolster the child care sector, an industry whose critical importance was highlighted during the COVID-19 pandemic. The NJEDA is also working with partners statewide to create a Maternal and Infant Health Innovation Center in Trenton as part of First Lady Tammy Murphy’s Nurture NJ initiative to make New Jersey the safest and most equitable place to give birth in the country.

“Under Governor Murphy’s leadership, we are taking a holistic approach to ensuring New Jerseyans’ basic needs are addressed and have placed a large focus on food security,” said NJEDA Executive Vice President of Economic Security Tara Colton. “Sustain & Serve NJ has the ability to transform lives – both by bolstering the restaurant industry and bringing nourishment to New Jerseyans in a respectful and dignified manner.”

Grantees and restaurant owners alike welcomed the news of additional funding and focused on the impact it will have statewide:

“As the cost of living has risen over the past year, many pantries at the Jersey shore are reporting that they are serving even more people than at the height of the pandemic,” Fulfill President and CEO Triada Stampas said. “Sustain & Serve NJ has been a critical tool to help address the food security needs of our neighbors. Over the past two and a half years, we were able to work with 35 restaurant and catering businesses to provide over 701,000 meals to our neighbors, while also helping those businesses survive during a really challenging time. Fulfill is grateful to Governor Murphy and our legislature, as well as Tim Sullivan and Tara Colton at the NJEDA, for their leadership in this expanded support.”

“Sustain & Serve NJ is just one of the programs Governor Murphy has initiated to help New Jersey make it during this period of time,” said Randy Glover, Chairman/Executive Director of All Access Community Development Corporation. “It is abundantly clear that the governor and his administration understand so well the pain and challenges of those at all income levels being faced in New Jersey. His mandates that have been articulated from the beginning of Covid-19 through this current economic crisis, putting food on the tables of all New Jerseyans illustrates his commitment to people, his compassion to all of New Jersey. New Jersey Pride, New Jersey Strong, that’s our Governor, that’s my Governor. Thank you, Governor Murphy, for your vision to see us throughout this time in history.”

“This program has really helped me keep our doors open and serve our community,” said Mohamed Elrawy, owner of Newark-based Pita Square. “Partnering with Coalition Equity has helped me serve my community by giving not only food but fresh and healthy food — something that everybody should be able to have, no questions asked. If you would have told me pre pandemic that I would be able to help people struggling everyday with hunger while keeping my doors open, I wouldn’t have believed you. It’s put a whole new meaning to what my restaurant can do and is doing for Newark and the surrounding community. I can’t tell you how thankful I am to participate in this program and partner with programs like Coalition Equity, Newark Working Kitchen and University Hospital to serve the community.” 

About the New Jersey Economic Development Authority

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses call NJEDA Customer Care at (844) 965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram and LinkedIn.

###

Program Will Provide Grants of up to $250,000 to Startups to Offset Costs Associated
with Prototype Testing

TRENTON, N.J. (December 19, 2022) – The New Jersey Commission on Science, Innovation and Technology (CSIT) is currently accepting applications for its Pilot Clean Tech Demonstration Program. This $2.5 million competitive program will support New Jersey companies accelerating the commercialization and deployment of innovative clean energy technologies. Specifically, the program will provide grants of up to $250,000 each to help startups develop technologies intended to create a cleaner and greener future for New Jersey. The application can be found at https://www.njeda.gov/pilot-clean-tech-demonstration-grant-program/.

The Pilot Clean Tech Demonstration Program supports clean technology businesses that have existing prototypes of their technologies and are ready to validate them in a real-world setting. Awardees can use the funding for such costs as testing and validating technological performance at customer sites, travel, equipment purchase, licensing, and patent fees. A complete list of acceptable uses is available at https://www.njeda.gov/pilot-clean-tech-demonstration-grant-program/.

The application for the Pilot Clean Tech Demonstration Program is a two-step process.

Applicants MUST complete the full application to be considered for funding. Complete program eligibility and scoring criteria can be found at https://www.njeda.gov/pilot-clean-tech-demonstration-grant-program/.

CSIT recently hosted an informational webinar on the Clean Tech Demonstration Program. A link to that recording, along with a copy of the materials presented, can be found at https://www.njeda.gov/pilot-clean-tech-demonstration-grant-program/. 

Funding for the Clean Tech Demonstration Program is being provided by the New Jersey Board of Public Utilities. In addition to supporting emerging clean energy companies, the program will also help the state achieve its climate and clean energy targets laid out in New Jersey’s Energy Master Plan (EMP). The EMP offers a strategic vision for the production, distribution, consumption, and conservation of energy in the State of New Jersey.

About the New Jersey CSIT

In August 2018, Governor Murphy signed legislation re-establishing the former New Jersey Commission on Science and Technology as the CSIT. Comprised of representatives from the public and private sectors, as well as academia, the Commission is tasked with leading the way in promoting the state as a home for academic and technological research, development, and commercialization.

To learn more about state resources available to New Jersey entrepreneurs and early-stage companies, visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

###

Program offers grants of up to $250,000 to enable purchases of equipment to improve productivity and efficiency.

TRENTON, N.J. (December 13, 2022) – The New Jersey Economic Development Authority (NJEDA) today announced it will begin accepting pre-qualification applications for the New Jersey Manufacturing Voucher Program (MVP) on Thursday, December 15 at 10:00 a.m. Funded at $20 million, the New Jersey MVP will provide grants to support the purchase of equipment to help manufacturers improve their operations.

A link to the pre-qualification application will be posted at https://www.njeda.gov/njmvp/ at 10:00 a.m. on Thursday morning and will remain open on until December 22 at 11:59 p.m. Pre-qualification applications will be reviewed on a rolling basis, NOT first-come, first-served. Interested manufacturers must pre-qualify to access the full application that will be made available at a later date. Applicants must complete the full application to be considered for grant funding.

The New Jersey MVP will focus on New Jersey manufacturers within targeted industries that will purchase equipment to integrate advanced or innovative technologies, processes, and materials to improve the manufacturing of their products. The MVP will offer grants valued at 30 to 50 percent of the cost of eligible equipment, including installation, up to a maximum award amount of $250,000.

The program will offer stackable bonuses for certified woman-, minority-, or veteran-owned businesses, businesses in Opportunity Zones, and businesses purchasing manufacturing equipment in New Jersey, as well as bonuses for companies that have a collective bargaining agreement in place. It will also provide higher award percentages for small businesses with fewer than 100 full-time equivalent (FTE) employees.

The NJEDA held an information session about the New Jersey MVP, which included details of the application process and a pre-qualification checklist. A link to that recording can be found at https://www.njeda.gov/njmvp/.

Both for-profit and not-for-profit companies are eligible, not including home-based businesses. Only applications for future purchases will be considered. Therefore, interested applicants should not purchase equipment prior to submitting the full application at a future date. Projects where a contract has been signed, a purchase order has been placed, or a deposit has been made in advance of submitting an MVP application will not be considered for funding.

Complete eligibility criteria can be found at http://www.njeda.gov/njmvp. 

About the NJEDA

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

###

CSIT Begins Managing Newly-Expanded Platform That Showcases Massive Volume of Research Being Conducted Statewide

TRENTON, N.J. (November 28, 2022) – The New Jersey Commission on Science, Innovation and Technology (CSIT) today announced the expansion of ResearchwithNJ.com to provide local, national, and international innovation communities with insight into groundbreaking research being conducted at five New Jersey universities – Montclair State University, New Jersey Institute of Technology (NJIT); Princeton University; Rowan University; and Rutgers, the State University of New Jersey. The Commission also announced that it has taken over management of the portal from the New Jersey Economic Development Authority (NJEDA) and the New Jersey Office of the Secretary of Higher Education (OSHE) due to its close ties to both the startup and academic communities.

The free, online portal, which can be accessed at www.researchwithnj.com, offers more than 250,000 pieces of research output that commercial enterprises, ranging from startups to global corporations, can use to fuel their growth. Topics range across a broad spectrum of disciplines, such as biology, chemistry, mathematics, psychology, sociology, and others. The newly-expanded Research with NJ portal now has search capabilities for specific subject matters that align with NJ’s strategic industry sectors through the site’s “strategic pillar” tabs.

Governor Phil Murphy announced the launch of Research with NJ in the summer of 2018, at the same time he announced the establishment of CSIT. Research with NJ was originally developed as a collaborative effort by the NJEDA and the OSHE to forge stronger connections between New Jersey’s research universities and the industry. Given CSIT’s goal of expanding partnerships between early-stage companies, entrepreneurs, and universities, the Commission assumed management of the portal and will work closely with the participating universities to ensure the continued support and growth of the online site. 

“Our close ties to both the startup community and the state’s many academic institutions made the management of Research with NJ by CSIT a natural fit,” said CSIT Executive Director Judith Sheft. “We anticipate the expansion of Research with NJ, combined with our ongoing efforts to enhance outreach to emerging companies and academic professionals, will help strengthen connections between New Jersey’s research universities and the industry.”

Research with NJ highlights the Garden State’s leading research experts and facilities, enhancing the visibility of research output. It also increases opportunities for users to create partnerships and build innovative new businesses and products based on the latest scientific and technological breakthroughs. Businesses can gain access to relevant areas of expertise, facilitating the transfer of technology to the marketplace. This includes information on subject matter experts, facilities, publications, intellectual property, news, and events. Investors considering investing in a startup can also use Research with NJ to learn about research done by members of the company prior to investment.

“One of New Jersey’s greatest assets is our vast network of globally-recognized universities, including all of the academic institutions that are a part of the Research with NJ portal,” said CSIT Chair Debbie Hart. “Through Research with NJ, we are harnessing the brainpower of our state’s highly-talented researchers and providing their intellectual data, free of charge, to individuals worldwide in order to help propel our innovation ecosystem forward.”

To date, the Research with NJ platform has sourced nearly 268,000 outputs from all participating universities, incorporating more than 4,500 individual profiles, over 150 core facilities, and grants/projects topping 6,200.

“New Jersey already has a tremendous story to tell when it comes to the breadth of innovation stemming from our world-class universities and the impact researchers and innovators are having on the global stage,” said Dr. Brian Bridges, the New Jersey Secretary of Higher Education. “Research with NJ will continue to strengthen the state’s ability to promote the high quality and volume of research produced by our researchers to an even broader audience.”   

Research with NJ was developed under the leadership of an Advisory Board consisting of the participating research universities and industry representatives from the NJEDA, OSHE, New Jersey Business & Industry Association, Choose New Jersey, BioNJ, the HealthCare Institute of New Jersey, the Research & Development Council of New Jersey, and TechUnited. The Advisory Board provides oversight and recommendations to ensure the portal’s sustainability and success.

“The Research with NJ portal offers a glimpse into the groundbreaking developments and discoveries being made at our state’s esteemed research universities,” said NJEDA Chief Executive Officer Tim Sullivan. “I am confident that this expanded resource will foster new opportunities for innovators and companies at every stage of growth and will help us achieve Governor Murphy’s goal of recapturing New Jersey’s role as a national leader in innovation.”

About CSIT
In August 2018, Governor Murphy signed legislation re-establishing the former New Jersey Commission on Science and Technology as the CSIT. Comprised of representatives from the public and private sectors, as well as academia, the Commission is tasked with leading the way in promoting the state as a home for academic and technological research, development, and commercialization.

To learn more about state resources available to New Jersey entrepreneurs and early-stage companies, visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

###

Program Provides up to $125,000 to County and Local Governments to Develop Plans to Improve Food Security

Trenton, N.J. (November 18, 2022) – The New Jersey Economic Development Authority (NJEDA) announced that it has extended the application deadline for its $1.5 million Food Security Planning Grant Program to December 20, 2022. This competitive program offers grants ranging from $75,000 to $125,000 to municipal and county governments, and redevelopment agencies to develop plans to improve food access and food security by leveraging distressed assets in New Jersey’s Food Desert Communities (FDCs). The application can be found at https://www.njeda.gov/food-security-planning-grant/. Applications will NOT be reviewed on a first-come, first-served basis.

Today, more than 15 percent of New Jersey households report not having enough to eat within the past week. Additionally, out of the nearly nine million people who reside in New Jersey, approximately 1.5 million live in an NJEDA-designated FDC. Ensuring access to nutritious, affordable, and culturally relevant food is a key component of Governor Phil Murphy’s vision for a stronger and fairer New Jersey economy, as well as creating a sustainable local food system in every community.

The NJEDA hosted information sessions last month for potential applicants that offered an overview of the program, a walk-through of the application, and information on how to best prepare to apply. A recording of one of those sessions can be found here.

The Food Security Planning Grant Program is one tool that NJEDA will deploy to empower local governments to develop and submit plans to improve food access while transforming distressed assets that have presented a hindrance to economic growth. For the Food Security Planning Grant Program, a distressed asset is defined as a commercial building or series of buildings, its attachments, and appurtenances; or vacant land that is fully or partially vacant for at least one year, that due to deteriorated condition or appearance of its exterior (because of deferred maintenance such as deteriorated paint or overgrown vegetation, boarded up door and/or windows), that can be leveraged to improve food access and food security. Distressed assets must be located within a New Jersey FDC, which can be mapped here.

Full details on the Food Security Planning Grant Program can be found here.

About the NJEDA

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

###

Program Will Offer Grants of Up to $250,000 to Offset Costs Associated
with Demonstration & Validation in Real-World Settings

TRENTON, N.J. (November 18, 2022) – The New Jersey Commission on Science, Innovation and Technology (CSIT) today announced plans to launch a competitive $2.5 million program to support New Jersey companies accelerating the commercialization and deployment of innovative clean energy technologies. The Pilot Clean Tech Demonstration Program will provide grants of up to $250,000 each to help startups develop their technologies intended to create a cleaner and greener future for New Jersey. Applications for this program open on December 5, 2022 and will be available at https://www.njeda.gov/pilot-clean-tech-demonstration-grant-program/.

The Pilot Clean Tech Demonstration Program is designed to support clean technology businesses that have an existing prototype of their technologies and are ready to validate them in a real-world setting. Awardees can use the funding for such costs as testing and validating technological performance at customer sites, travel, equipment purchase, licensing, and patent fees. A complete list of acceptable uses will be available at https://www.njeda.gov/pilot-clean-tech-demonstration-grant-program/.

“The majority of our clean technology portfolio companies have some form of prototype, and funding through this program will offset many of the costs associated with demonstration and validation as they work toward commercialization,” said CSIT Executive Director Judith Sheft. “This new program is a complement to our existing Clean Technology Seed Grant and Voucher programs, and we are proud to expand the continuum of support we offer clean technology businesses growing in New Jersey.”

Sheft noted that companies do not have to have participated in a previous CSIT program to be considered for this award.

Examples of some prototypes in the clean energy space include energy management solutions, electric storage devices, biomass powered generators, and wind turbine components.

“In addition to their innovations in the life sciences and technology sectors, New Jersey innovators are creating technologies that are intended to combat climate change and reduce carbon footprints worldwide,” said CSIT Chair Debbie Hart. “By providing resources necessary to support entrepreneurs as they bring their products to the marketplace, we are not only helping early-stage New Jersey companies succeed, but also helping to build the green economy that Governor Phil Murphy champions.”

CSIT will host an informational webinar on the Clean Tech Demonstration Programon November 30, 2022. Registration information can be found at https://www.njeda.gov/pilot-clean-tech-demonstration-grant-program/. A recorded version of the webinar and copy of materials presented will be made available on the CSIT webpage following the event. Please note that applications can be submitted starting on December 5, 2022.  

The Pilot Clean Tech Demonstration Program will fund pilot demonstration projects intended to avoid emissions of, or recapture, greenhouse gases and/or criteria pollutants, or to enable such avoidance or recapture.  The proposed project must be between Technology Readiness Level (TRL) 6, ready to beta test the prototype, and TRL 8, in the pre-commercial demonstration. The TRL is a globally-recognized scale that measures and assesses a technology’s maturity. The following technology areas are eligible under the program: Chemicals/Advance Materials, Energy Distribution/Storage, Energy Efficiency, Energy Generation, Green Buildings, Transportation, Waste Processing, and Water and Agriculture.

All applicants must have a minimum of two full-time employees and no more than 50 full-time equivalent employees at the time of application. Additionally, at least 50 percent of the work being performed by employees, including founders and contractors, must be conducted in NJ. Lastly, all pilot demonstration projects must be done in New Jersey. Complete program eligibility can be found at https://www.njeda.gov/pilot-clean-tech-demonstration-grant-program/.

Award scoring will be based on innovation, market opportunity, feasibility, and economic and environmental impact. In keeping with Governor Murphy’s goal of creating the most diverse and inclusive innovation ecosystem in the country, bonus scoring will be awarded to applicants that are New Jersey-certified women-owned, minority-owned, or veteran-owned businesses; or have a primary place of business/research and development located either within an opportunity zone eligible census tract or within Trenton, Paterson, or Atlantic City.

Funding for the Clean Tech Demonstration Program is being provided by the New Jersey Board of Public Utilities (NJBPU).

“CSIT has been a tremendous partner in our efforts to get funding to startups that are working to advance our clean energy future,” said NJBPU President Joseph L. Fiordaliso. “The clean tech program announced today is an important step in the State of New Jersey’s ability to reach even more emerging companies as we work to meet Governor Murphy’s goal of 100 percent clean energy by 2050.”

About the New Jersey CSIT

In August 2018, Governor Murphy signed legislation re-establishing the former New Jersey Commission on Science and Technology as the CSIT. Comprised of representatives from the public and private sectors, as well as academia, the Commission is tasked with leading the way in promoting the state as a home for academic and technological research, development, and commercialization.

About NJBPU
 
NJBPU is a state agency and regulatory authority mandated to ensure safe, adequate and proper utility services at reasonable rates for New Jersey customers. Critical services regulated by NJBPU include natural gas, electricity, water, wastewater, telecommunications and cable television. The Board has general oversight and responsibility for monitoring utility service, responding to consumer complaints, and investigating utility accidents. To find out more about NJBPU, visit our website at www.nj.gov/bpu, and follow NJBPU on Facebook, Twitter, LinkedIn, YouTube, and Instagram.

###

Newly-Approved Program Will Help Entrepreneurs Focus Full-Time on Building Their Startups

TRENTON, N.J. (November 17, 2022) – The New Jersey Economic Development Authority (NJEDA) today announced plans to create a competitive program – the New Jersey Innovation Fellows (NJIF), which will offer mentorship and grants of up to $400,000 to teams of first-time entrepreneurs. The program will provide income replacement so that entrepreneurs can devote their full-time attention to building out their startups. The announcement follows yesterday’s NJEDA Board approval of this new program.

“New Jersey is committed to ensuring that passionate entrepreneurs are equipped with the resources they need to turn their innovative ideas and vision into a viable enterprise,” said Governor Phil Murphy. “By supplementing the income of startup founders, we are helping to remove the barriers that too often exist on the path to success. The NJIF Program will be a game-changer by supporting innovators in overcoming the financial obstacles associated with advancing early-stage companies.”

Through the NJIF Program, the NJEDA will support teams of at least three entrepreneurs with mentorship, training, and income replacement capital over a two-year period. The grant funding is designed to replace a stream of income an entrepreneur might forgo to launch an early-stage business. The NJEDA anticipates that support from the NJIF Program will attract innovative ideas and entrepreneurs who would otherwise be unable to pursue the launch of a new venture due to the needs for income or, in the case of a recent graduate, who would choose to accept employment in lieu of entrepreneurship due to socio-economic constraints.

“Building a successful company takes both financial resources and guidance from seasoned subject matter experts,” said Senator M. Teresa Ruiz (D-Essex), who sponsored legislation establishing the NJIF Program. “Funding and mentorship are the two most sought-after commodities by entrepreneurs and the NJEDA is packaging both into the NJIF Program to help New Jersey’s innovators thrive.”

NJEDA Chief Executive Officer Tim Sullivan cited the high correlation between socio-economic background and entrepreneurship as one of the main drivers for the creation of the program.

“Under Governor Murphy’s leadership, we are working to level the playing field for prospective New Jersey entrepreneurs by ensuring they have access to capital and mentorship, regardless of their socio-economic status,” said Sullivan. “Providing grants through the NJIF Program will give more individuals the financial flexibility to take calculated business risks and follow their entrepreneurial dreams.”

The NJIF Program will award grants of $200,000 per team. In keeping with Governor Murphy’s vision for inclusive economic growth, teams may access an additional $50,000 award on top of the $200,000 base award if one entrepreneur verifies residency in a designated Opportunity Zone in New Jersey. Teams may be awarded an additional $50,000 for each entrepreneur leader who self-certifies as a minority or female entrepreneur or is a graduate of a New Jersey college or university. Qualifying teams may receive additional bonuses of up to $150,000 in aggregate for certifying team members, resulting in a total $400,000 award. To be eligible for the NJIF Program, at least half of the team must certify as “first-time entrepreneurs” and at least two-thirds of the entrepreneur team must be coming directly from the workforce.

In addition to the financial benefits of the program, all entrepreneur fellows will participate in a mentorship program. The NJEDA plans to enter into agreements with the New Jersey Institute of Technology’s (NJIT’s) New Jersey Innovation Institute and Rowan University’s Center of Innovation and Entrepreneurship for these universities to design and implement mentorship programs for the fellows. The initial curriculum will train entrepreneurs in such subjects as managerial finance, accounting, and financial statement preparations; human resources development and management; business model design; marketing and customer development; and more. The mentorship will last for the duration of the two-year NJIF Program.

“The personalized expertise NJIF Program participants will receive from NJIT and Rowan University will position them well for future success,” said NJEDA Chief Economic Transformation Officer Kathleen Coviello. “Through the NJIF Program’s mentorship and financial commitments, we are unlocking opportunities for entrepreneurs to follow their passions and turn their ideas into startups and ultimately into thriving companies.”

 Coviello noted that the NJEDA expects to open the NJIF Program application semi-annually in 2023 and 2024.

About the New Jersey Economic Development Authority

The New Jersey Economic Development Authority (NJEDA) serves as the state’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the state and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram and LinkedIn.

 ###