Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Refundable credit of 20%–25% for investments in New Jersey emerging tech companies. Investments in companies in Garden State Growth Zones or those majority-owned by women or minorities receive the 25% rate. Companies must have under $5M in revenues and be NJ-based.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Investment in a certified NJ emerging tech company
2.Company: under $5M revenue, HQ in NJ, meets NJ EDA technology criteria
3.Credit: 20% standard rate (25% for GSGZ locations or diverse-owned companies)
4.Minimum investment: $25,000
5.Credit is refundable — company receives any excess as a refund
OEDIT · Colorado
3% state income tax credit for businesses investing in business personal property in Colorado's 16 Enterprise Zones, which cover the state's most economically distressed rural and urban areas. Stacks with other CO Enterprise Zone credits for wage, research, and job training.
KCED · Kentucky
Provides income tax credits and wage assessments to encourage new and expanding businesses to locate in Kentucky. Credits are tied to job creation and capital investment commitments over a 15-year term.
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.