NJ EDA Now Accepting Applications for Incentive Programs Expanded Under The New Jersey Economic Opportunity Act of 2013
The New Jersey Economic Opportunity Act of 2013 was signed into law on September 18, 2013. The Act streamlines New Jersey’s five existing economic development incentive programs into two. The Grow New Jersey Assistance (Grow NJ) Program will be the main job creation and retention incentive program. Grow NJ is for businesses creating or retaining jobs and making a capital investment in a Qualified Incentive Area and that meet or exceed minimum employment and capital investment requirements. Businesses may apply for grants of corporate business and insurance premiums tax credits for job creation/retention.