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Tax CreditNew JerseyActiveVerified

New Jersey Emerge Business Incentive Program

New Jersey Economic Development Authority (NJEDA)NJ-EMERGE
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

New Jersey

About This Program

Tax credits for businesses creating or retaining at least 35 full-time jobs (25 in South Jersey / 10 for small businesses) at qualifying wages. Credits of up to $8,000 per job per year for 7 years, totaling up to $56,000 per job, for projects in targeted industries and locations.

Key Requirements & Eligibility

  • 1Minimum 35 new or retained FTE jobs (lower thresholds for small biz and southern NJ)
  • 2Jobs must pay at least 120% of NJ average weekly wage
  • 3Capital investment required
  • 4Credit: up to $8,000/job/year for 7 years
  • 5Must operate in a qualified industry: manufacturing, pharma, finance, tech, logistics

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

ManufacturingTechnologyHealthcareFinancial Services
Official Source