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New Jersey Business Credits and Incentives

Redevelopment Authority Project Tax Credit

Funds qualifying non-retail businesses in New Jersey redevelopment project areas through a two-year employee tax credit.

OpenNew Jersey Division of TaxationUnited StatesDeep-tech · adjacent

Eligibility · New Jersey taxpayers and qualifying New Jersey project activity

The New Jersey Division of Taxation administers the Redevelopment Authority Project Tax Credit for taxpayers actively operating at a location within a qualifying redevelopment project area. The business at that location must consist primarily of manufacturing or another activity that is not oriented toward retail sales or warehousing. The benefit is tied to new employees who were unemployed or rec…

Manufacturing and other non-retail, non-warehouse businesses hiring qualifying employees at a designated redevelopment project location.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
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