Offshore Wind Economic Development
Funds approved New Jersey offshore-wind facilities through ten-year capital-investment and job-creation tax credits.
Eligibility · New Jersey taxpayers and qualifying New Jersey project activity
The New Jersey Economic Development Authority administers this credit for businesses investing in approved offshore-wind energy facilities. A facility business must make at least USD 50 million of qualifying capital investment. A tenant can qualify when at least USD 17.5 million is invested in the area it leases. The project must also create 300 new full-time employees who are subject to New Jerse…
Major capital investment in an Economic Development Authority-approved offshore-wind facility and the creation of 300 qualifying jobs.
Sign up free to see the funding breakdown
Sign up free to see the industries in scope
Sign up free to see the full eligibility
Sign up free to see how to apply
Sign up free to see what you submit
Sign up free to see where teams trip up