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New Jersey Business Credits and Incentives

Grow New Jersey Assistance Tax Credit

Funds legacy New Jersey facility investment and job creation or retention through ten-year tax credits.

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 Grow New Jersey Assistance Tax Credit for businesses making substantial investment at a qualified facility and creating or retaining jobs in the state. Under the original rules, a project generally required at least USD 20 million of capital investment and 100 eligible full-time positions with group health benefits, although the 2013 a…

Former projects combining capital investment at a qualified New Jersey business facility with eligible jobs in a qualifying incentive area.

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.Tax credit
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