Home > About Us & Incentive Reports > Public Information > EDA Annual Report to Legislative Budget Committees > EDA-Administered Programs w/Projected Obligations by Fiscal Year
  • Print
  • Send to email

Public Information - EDA-Administered Programs w/Projected Obligations by Fiscal Year

The information below was included as part of the EDA’s annual report to the Legislative Budget Committees. As the fiscal projections for EDA-administered programs are related to the Fiscal Year 2017 appropriations bill, this information is subject to change.


Program Approved Award Amount Capital Investment New / Retained Jobs FY 2016 FY 2017 FY 2018 FY 2019 FY2020
Grow NJ (New) $3,301,794 $2,908,721 21,973/20,586 $11,702 $161,618 $202,000 $252,000 $303,000
Grow NJ (Legacy) $529,731 $786,257 2,523/6,685 $21,201 $40,072 $52,982 $52,982 $52,982
ERG (New-Res/PIP) $521,519 $1,821,374 1,123/ N/A $4,163 $16,758 $34,060 $49,300 $52,040
ERG (New-Commercial $301,597 $1,527,783 4,811/ N/A $425 $2,912 $3,834 $9,524 $24,594
ERG (Legacy) $555,750 $3,964,791 20,830/ N/A $5,806 $11,412 $34,407 $62,540 $62,819
UTHTC (Legacy) $1,237,172 $3,068,066 3,693/2,935 $83,071 $94,326 $118,369 $121,669 $121,669
BEIP (Legacy) N/A N/A N/A $0 $0 $0 $0 $0
BEIP (Conversion) $1,527,698 $12,212,410 81,024 $0 $160,104 $160,104 $159,601 $153,581
BRRAG (Legacy) $125,054 $2,084,810 31,654 $11,900 $13,138 $11,021 $8,762 $8,762
Brownfields $277,000 $378,000 N/A $20,000 $20,000 $20,000 $20,000 $20,000
NOL $870,428 N/A N/A $60,000 $60,000 $60,000 $60,000 $60,000
Film/Digital Media $7,637 N/A N/A $1,592 $0 $0 $0 $0
Angel Investor $12,545 $125,450,725 N/A/466 $25,000 $25,000 $25,000 $25,000 $25,000

N/A - There is no legislative requirement under these programs related to capital investment, job creation or retention. In the case of BEIP, no further disbursements are anticipated as a result of P.L.2015, c.194.
 
*These are estimated figures subject to change. While the EDA Board’s approval of an application represents the opportunity for a project to realize approved awards, companies must certify that they have satisfied specific legislative requirements before they receive any funds. The above Approved Award Amount figures and related projections are subject to applicant’s performance obligations under the respective grant agreements. Please visit www.njeda.com/public_information/incentives_activity for up to date activity under respective programs and a more detailed overview of statutory and annual reporting requirements.