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.
Services
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.
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.
Portfolio
Received a $650,000 loan through the Edison Innovation VC Growth Fund to support growth and business development.
#Artificial Intelligence
Received an $800,000 loan from the Edison Innovation VC Growth Fund to support personalized math tutoring services.
#Education Technology
Develops smart helmet technology and participated in NJ Founders & Funders event.
#Technology
Developing NICUtrition, a clinical decision support platform for neonatal care.
#Healthcare Technology
Received $50,000 for winning the NJ Founders & Funders All-Stars pitch competition to develop next-generation tracking devices.
#Technology
Received a $650,000 loan through the Edison Innovation VC Growth Fund to support growth and business development.
#Artificial Intelligence
Received an $800,000 loan from the Edison Innovation VC Growth Fund to support personalized math tutoring services.
#Education Technology
Develops smart helmet technology and participated in NJ Founders & Funders event.
#Technology
Developing NICUtrition, a clinical decision support platform for neonatal care.
#Healthcare Technology
Received $50,000 for winning the NJ Founders & Funders All-Stars pitch competition to develop next-generation tracking devices.
#Technology