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My Business :: Economic Development :: NJEDA Incentives

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Economic Development

NJEDA Incentives

New Jersey offers employment, relocation and training programs to stimulate business growth, job creation and community revitalization. New Jersey Natural Gas encourages businesses to learn more about these programs and other valuable information available through the following resources:

The New Jersey Economic Development Authority (NJEDA) is an independent, self-supporting state entity that offers a broad range of financing programs, real estate development tools and technical support to stimulate business development, job creation and community revitalization in New Jersey.

The NJEDA helps small, medium and large companies as well as not-for-profit organizations build new facilities, purchase equipment and develop new products. It also offers incentives to companies to relocate and expand in New Jersey and encourages investments in areas of the state that have been economically or environmentally depressed. Additionally, funding resources are available to assist Superstorm Sandy-affected businesses during the recovery process.

For an overview of how the NJEDA can assist your organization, visit www.njeda.com. For specific information on the goals (and related programs) established in New Jersey’s Energy Master Plan, visit www.nj.gov/njbusiness/financing/clean/.

NJEDA offers assistance for the following areas:

Superstorm Sandy Business Assistance Programs

  • Stronger NJ Business Grants:  Storm-impacted small businesses can apply for EDA administered grants of up to $50,000 through the Stronger NJ Business Grant Program. Click here for more information.
  • Stronger NJ Business Loans:  The Stronger NJ Business Loan Program provides low-cost loans of up to $5 million to businesses and non-profits that were impacted by the storm, as well as businesses looking to expand within storm-impacted communities. Click here for more information.
  • Stronger NJ Neighborhood and Community Revitalization (NCR) Program:  The (NCR) Program will support the long-term recovery of small businesses and communities by funding long-term economic revitalization priorities. Click here for more information.
  • Stronger NJ Business Videos:  Many Superstorm Sandy-impacted businesses have already used the Stronger NJ Business Programs to recover from storm damage and reopen for business. Click here for more information.

 High-Technology Businesses

  • The Technology Centre of New Jersey - Affordable, state-of-the-art laboratory, production and research facilities are available for emerging and advanced technology-driven companies. A full range of property and facility management services are also available to tenants. Financing may be arranged for tenant improvements.
  • Waterfront Technology Center at Camden - Designed to accommodate existing businesses in the biosciences, microelectronics, advanced materials, information technology and other high-technology and life sciences fields, this 100,000-square-foot modern technology structure is enhancing Camden's standing as a technology hub in southern New Jersey.

Entrepreneurial Development

  • Entrepreneurial Training Institute - A specialized training program is offered to help new and aspiring entrepreneurs learn the basics of operating a business, developing a business plan and obtaining financing. At completion of the program, participants present business plans to a panel of bankers, marketing professionals and certified public accountants for their feedback. Mentoring services are also provided to program graduates and recipients of NJEDA funding.
  • Financing for Small, Minority-Owned and Woman-Owned Businesses - Loans for real estate, other fixed assets and working capital for operating needs are available for small businesses, particularly minority-owned and women-owned enterprises. Loans are for a maximum of $200,000.
 
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