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
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).