Business Assistance

N.J. awards $6 million for offshore wind, clean energy projects

Justin Auciello | Whyy

New Jersey is spending almost $6 million to train workers for jobs in the wind energy industry and to support young companies that deal in clean energy. The New Jersey Economic Development Authority and the state Board of Public Utilities said Wednesday they have approved two funding agreements. In the first, the state will provide $4.5 million to support workforce …

NJEDA approves $22M in film tax breaks for Netflix, Sopranos spin-off and others

Daniel J. Munoz | NJBIZ

The New Jersey Economic Development Authority on Wednesday approved $21.8 million in corporate incentives under its popular film tax credit program, including funds for Netflix’s production of its upcoming zombie movie “Army of the Dead,” being shot in Atlantic City and directed by Zack Snyder. Meanwhile, Rose City Pictures was awarded a $2.7 million tax break for its production of …

New Jersey EDA to lead state-wide esports initiatives

Cody Luongo | eSports Insider

The New Jersey Economic Development Authority (NJEDA), the state’s principal agency driving economic growth, has unveiled an initiative to curate and support businesses which “accelerate” the esports industry’s development in the Garden State. The strategy will see the NJEDA serve as a catalyst for esports activity in New Jersey, collaborating with stakeholders and local bodies to support efforts which push …

Newark Paper Co., employee-owned cooperative, has ribbon-cutting in city meant to signify new era

ROI-NJ

It wasn’t just another ribbon-cutting for Newark Mayor Ras Baraka on Wednesday. When Baraka and Invest Newark CEO Bernell Hall gathered for the ceremony for a new warehouse for the Newark Paper Co., they were there to celebrate an employee-owned cooperative that Baraka feels will support economic advancement and leadership of Newark residents. Newark Paper Co., an office supplies and …

N.J. adds $15M to Small Business Emergency Grant program

Tom Bergeron | ROI-NJ

EDA says money will enable it to distribute grants to more companies — filling more requests in oversubscribed program The state has added another $15 million of CARES Act funding to the Small Business Emergency Assistance Grant Program being administered by the Economic Development Authority, Gov. Phil Murphy announced Tuesday. The funding will be added to phase 2 of the program …

NJEDA Has Assisted More than 10K Small Businesses Impacted by COVID-19

New Jersey Business Magazine

The New Jersey Economic Development Authority (NJEDA) today announced that the Authority’s COVID-19 response efforts have supported more than 10,000 businesses since March 2020. In total, the Authority has provided more than $44.2 million in support to 10,624 businesses through grants, low-cost loans, and partnerships with investors and Community Development Financial Institutions (CDFIs). “These programs have provided a vital lifeline …

NJEDA approves $12M in investments through Angel Investor Tax Credit program

Emily Bader | ROI-NJ

In the first half of 2020, 14 businesses in New Jersey’s technology, life sciences and clean energy sectors were selected to receive a combined $12.3 million from 50 investments approved through the New Jersey Economic Development Authority’s Angel Investor Tax Credit Program. The Angel Investor Tax Credit Program provides investors refundable tax credits against qualified investments for New Jersey businesses. It supports …

NASSCOM Announces the Virtual Launch of NASSCOM Launchpad in New Jersey, in collaboration with [email protected] and Choose New Jersey, to Enhance Business Opportunities in the US

PR Newswire India

As part of its ongoing efforts to promote cross border trade through innovation, investments and technology partnerships, the National Association of Software and Services Companies (NASSCOM) today announced the Virtual Launch of NASSCOM Launchpad in New Jersey, with [email protected] and Choose New Jersey. This partnership aims to facilitate partnerships between New Jersey and India and will promote technology-based Foreign Direct Investment …

EDA’s Entrepreneur Support Program awards $700K to 5 small businesses

Emily Bader | ROI-NJ.COM

The New Jersey Economic Development Authority announced on Friday it has supported 12 investments totaling $700,000 into five small businesses through the newly-established New Jersey Entrepreneur Support Program. The $5 million program was designed to support small businesses in New Jersey that have been impacted by COVID-19 by encouraging portfolio reinvestment. It provides an EDA guarantee of up to 80% for an …

WHAT CAN CHOOSE New Jersey DO FOR YOU

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Carly Wronko
Marketing Manager
Tiffany Hess-Bennette
Creative Content Specialist