New Jersey Economic Development Authority (NJEDA)

The New Jersey Economic Development Authority (NJEDA) is committed to driving economic growth in New Jersey by supporting businesses through various programs and resources. NJEDA focuses on creating opportunities for businesses to thrive, fostering innovation, and enhancing the state's economic vitality. The authority offers a range of services including financing, strategic industry support, and real estate development to help businesses grow and succeed in the Garden State.

New Jersey Economic Development Authority (NJEDA)

PO Box 990, Trenton, NJ 08625-0990

https://www.njeda.gov/

CustomerCare@njeda.com

(844) 965-1125

What We Do

Real Estate Gap Financing Grant Program

A $10 million pilot program providing grants for real estate development projects in distressed municipalities requiring gap financing to address COVID-19 economic impacts.

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

Supports the development and recovery of New Jersey’s commercial corridors and community-focused arts and cultural organizations with grants for projects near passenger rail stations.

Historic Property Reinvestment Program

A $50 million competitive tax credit program leveraging federal historic tax credits to support rehabilitation projects of historic properties.

NJ Capital Access Fund

Provides working capital with fixed interest rates and flexible spending guidelines to help businesses plan for the future.

Angel Investor Tax Credit Program

Offers a refundable tax credit against New Jersey corporation business or gross income tax for qualified investments in an emerging technology or life sciences business with a physical presence in New Jersey.

Small Business Lease Assistance Program

Reimburses businesses and nonprofit organizations fifteen percent of annual lease payments for two years when they rent market-rate, first-floor office, industrial, or retail spaces for a minimum 5-year term.

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