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New Jersey Business Credits and Incentives

Urban Enterprise Credits

Funds certified New Jersey Urban Enterprise Zone businesses through employee or small-business investment tax credits.

Between cyclesNew Jersey Division of TaxationUnited StatesDeep-tech · adjacent

Eligibility · New Jersey taxpayers and qualifying New Jersey project activity

The New Jersey Division of Taxation administers two Corporation Business Tax credits for certified Urban Enterprise Zone businesses. The employee route provides USD 1,500 for a qualifying worker who was formerly unemployed or receiving public assistance, or USD 500 when the worker meets the other conditions. The employee must have been hired after zone certification and must work six consecutive m…

Employment and qualifying investment by businesses certified in a New Jersey Urban Enterprise Zone, using one of two distinct credit routes.

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