Grow NJ (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 Grow NJ (New Jersey)
Policy Category Financial Incentive
Policy Type Grant Program
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

Last Review 2014-09-15


A business creating or retaining jobs in New Jersey and making a qualified capital investment at a qualified business facility can apply for grants of corporate business tax credits for job creation/retention in the amount of up to $8,000 per each new or retained full time job per year up to 10 years. Qualified eligible businesses may receive tax credits of $5,000 per year for a period of ten years for each new or retained full-time job to be located at the qualified business facility as long as the number of full-time jobs meets or exceeds the minimum requirement. In addition, a bonus award of up to $3,000 per job per year for a period of ten years may be awarded for each new or retained full-time job if the qualified eligible business meets additional criteria.

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