New Jersey Business Growth Fund (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 New Jersey Business Growth Fund (New Jersey)
Policy Category Financial Incentive
Policy Type Loan 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


Creditworthy small or mid-sized companies that are creating or retaining jobs in New Jersey can apply for financing through the New Jersey Business Growth Fund, a joint program of the EDA and PNC Bank. Eligible companies can borrow up to $3 million with a 25% or 50% EDA guarantee. The maximum EDA guarantee is $1.5 million. The funding of can be used to purchase real estate or equipment.

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