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
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.
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.Minimum 35 new or retained FTE jobs (lower thresholds for small biz and southern NJ)
2.Jobs must pay at least 120% of NJ average weekly wage
3.Capital investment required
4.Credit: up to $8,000/job/year for 7 years
5.Must operate in a qualified industry: manufacturing, pharma, finance, tech, logistics
CAEATFA · California
Full state and local sales and use tax exemption (7.25–10%) on equipment purchases for California manufacturers of solar, wind, batteries, EVs, fuel cells, and green building materials. Reduces equipment procurement costs with board pre-approval.
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.
GOED · Nevada
Sales tax abatements (up to 2%), property tax abatements, and Modified Business Tax credits for clean energy manufacturers locating or expanding in Nevada. Targets solar, wind, battery storage, and EV-related product manufacturers creating 10+ jobs.