Business Retention and Relocation Assistance Grant (BRRAG) (New Jersey)
From Open Energy Information
Last modified on February 12, 2015.
EZFeed Policy
| Place | New Jersey
|
|---|---|
| Applies to States or Provinces | New Jersey |
| Name | Business Retention and Relocation Assistance Grant (BRRAG) (New Jersey) |
| Policy Category | Financial Incentive |
| Policy Type | Corporate Tax Incentive |
| Affected Technologies | Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy |
| Active Policy | Yes |
| Implementing Sector | State/Province
|
| Program Administrator | N.J. Economic Development Authority |
| Primary Website | http://www.njeda.com/web/Aspx_pg/Templates/Npic_Text.aspx?Doc_Id=870&menuid=1252&topid=718&levelid=6&midid=1175
|
| Last Review | 2014-09-15
|
| Information Source | http://www.njeda.com/web/Aspx_pg/Templates/Pic_Text.aspx?Doc_Id=799&menuid=1188&topid=718&levelid=5&midid=1175 |
Summary
A business relocating operations within New Jersey and retaining jobs, or a business maintaining jobs at a current location and making a qualified capital investment is eligible for corporate business tax credits through the Business Retention and Relocation Assistance Grant (BRRAG) program. Eligible businesses can receive credits up to $2,250 per year for up to six years, per job retained in the State.
Policy Contact
| Department | New Jersey Economic Development Authority |
|---|---|
| Address | PO Box 990 |
| Address 2 | 36 West State Street |
| Place | Trenton, New Jersey |
| Zip/Postal Code | 08625-0990 |
| Phone | (609) 858-6700
|
| CustomerCare@njeda.com | |
| Website | http://www.njeda.com/web/Aspx_pg/Templates/Pic_Text.aspx?Doc_Id=89&midid=729&menuid=729&topid=717 |
References