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New Jersey Business Credits and Incentives

Business Employment Incentive Grant

Funds only legacy New Jersey business-expansion projects that created qualifying jobs, with lower thresholds for technology companies.

DiscontinuedNew Jersey Division of TaxationUnited StatesDeep-tech · adjacent

Eligibility · New Jersey taxpayers and qualifying New Jersey project activity

The New Jersey Economic Development Authority administered the Business Employment Incentive Grant for company projects creating eligible positions in the state. A standard business project had to create at least 25 eligible positions during its base years. Advanced computing, advanced materials, biotechnology, electronic-device technology, environmental-technology and medical-device companies use…

Former job-creation projects by New Jersey businesses, including advanced computing, materials, biotech, electronics, environmental and medical-device companies.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.No fixed schedule
Next deadlineiThe next date applications are due. Rolling means you can apply any time.—
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Grant
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.—
Funding pooliThe total budget available across all awards in this round.—

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Last verified: 4 Aug 2026Source: www.nj.gov