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Tax CreditNew JerseyActiveVerified

New Jersey Emerge 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 jobs in New Jersey, with enhanced benefits for projects in opportunity zones, urban areas, and targeted industries including life sciences and clean energy.

Key Requirements & Eligibility

  • 1Must create 35 new full-time NJ jobs or retain 50 jobs at risk of leaving
  • 2Average salary must exceed county/state median by 20%
  • 3Base credit: $500โ€“$4,000 per job per year for up to 7 years (10 in incentive areas)
  • 4Enhanced credits for priority industry sectors and opportunity zone locations
  • 5Must invest minimum capital in NJ facility (varies by business type)

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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

Biotech & Life SciencesTechnologyManufacturingClean Technology
Official Source