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Financing and Incentives

 

The EDA has a long history of supporting growth in New Jersey for businesses of all sizes. Our programs provide businesses like yours with low-interest financing through bonds, loan participations, loan guarantees, and variable- or fixed-rate loans. Best of all, we can provide longer repayment schedules than traditional lenders.

The EDA charges application and processing fees for our programs. For our loan products, we also charge a fixed or variable interest rate that has an interest rate floor for the specific program, and which is determined for individual loans at the time of closing using various other criteria. Interest rate floors use nationally recognized financial indices such as the 5-year US Treasury or the Prime Rate as published in the Wall Street Journal. For fixed- and variable-rate loans, adjustments will be made to the base rate and are calculated based on factors that involve the applicant’s creditworthiness; project public policy criteria, including number of jobs to be created and the leveraging of total project costs to public dollars; and amortization.

Please refer to the individual program descriptions for details on fees and current interest rate floors.

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Browse Our Programs

Connecting to our programs is easy:

  1. SELECT: Choose your business type and business need.
  2. LEARN: Click "Learn More" to read the full details about a program.
  3. CONTACT EDA: Contact EDA to speak to an EDA representative about any of our programs.
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Angel Investor Tax Credit Program

2015/03/31

  • IF YOU ARE: A taxpayer, filing in New Jersey, who invests in a qualifying NJ emerging technology business
  • AND YOU NEED: A tax credit against your business or gross income tax
  • YOU MAY QUALIFY FOR: A 10% tax credit, up to $500,000 for each qualified investment, through the Angel Investor Tax Credit Program.

Angel Investor Tax Credit Program

2015/03/31

  • IF YOU ARE: A taxpayer, filing in New Jersey, who invests in a qualifying NJ emerging technology business
     
  • AND YOU NEED: A tax credit against your business or gross income tax
  • YOU MAY QUALIFY FOR: A 10% tax credit, up to $500,000 for each qualified investment, through the Angel Investor Tax Credit Program.

Angel Investor Tax Credit Program

2015/03/31

  • IF YOU ARE: A taxpayer, filing in New Jersey, who invests in a qualifying NJ emerging technology business
  • AND YOU NEED: A tax credit against your business or gross income tax
  • YOU MAY QUALIFY FOR: A 10% tax credit, up to $500,000 for each qualified investment, through the Angel Investor Tax Credit Program.

Angel Investor Tax Credit Program

2015/03/31

  • IF YOU ARE: A taxpayer, filing in New Jersey, who invests in a qualifying NJ emerging technology business
  • AND YOU NEED: A tax credit against your business or gross income tax
  • YOU MAY QUALIFY FOR: A 10% tax credit, up to $500,000 for each qualified investment, through the Angel Investor Tax Credit Program.

Bond Financing

2015/03/11

  • IF YOU ARE: A creditworthy manufacturing company, a 501(c)(3) not-for-profit organization, or an exempt facility in New Jersey…
  • AND YOU NEED: Capital improvements or expansions, land or building acquisitions, new construction or renovations, debt refinancing or working capital…
  • YOU MAY QUALIFY FOR: Long-term financing of $500,000 to $10 million.

Bond Financing

2015/03/11

  • IF YOU ARE: A creditworthy manufacturing company, a 501(c)(3) not-for-profit organization, or an exempt facility in New Jersey
  • AND YOU NEED: Capital improvements or expansions, land or building acquisitions, new construction or renovations, debt refinancing or working capital
  • YOU MAY QUALIFY FOR: Tax exempt bond financing of up to $10 million through the EDA's Bond Financing Program.

Bond Financing

2015/03/11

  • IF YOU ARE: A creditworthy manufacturing company, a 501(c)(3) not-for-profit organization, or an exempt facility in New Jersey
  • AND YOU NEED: Capital improvements or expansions, land or building acquisitions, new construction or renovations, debt refinancing or working capital
  • YOU MAY QUALIFY FOR: Tax exempt bond financing of up to $10 million through the EDA's Bond Financing Program.

Bond Financing

2015/03/11

  • IF YOU ARE: A creditworthy manufacturing company, a 501(c)(3) not-for-profit organization, or an exempt facility in New Jersey
  • AND YOU NEED: Capital improvements or expansions, land or building acquisitions, new construction or renovations, debt refinancing or working capital
  • YOU MAY QUALIFY FOR: Tax exempt bond financing of up to $10 million through the EDA's Bond Financing Program

Brownfields and Contaminated Site Remediation Program

2015/03/11

  • IF YOU ARE: A developer in New Jersey…
  • AND YOU NEED: Financial assistance to clean up and redevelop polluted sites and closed municipal landfills…
  • YOU MAY QUALIFY FOR: A redevelopment agreement to recover up to 75% of approved remediation costs.

Direct Loans

2015/03/06

  • IF YOU ARE: A NJ business that has not yet engaged a bank on potential financing, or is working with a bank that is not an EDA Premier Lender
  • AND YOU NEED: Fixed assets or working capital
  • YOU MAY QUALIFY FOR: Low-interest loans of up to $2 million for fixed assets or up to $750,000 for working capital

Direct Loans

2015/03/06

  • IF YOU ARE: A NJ business that has not yet engaged a bank on potential financing, or is working with a bank that is not an EDA Premier Lender
  • AND YOU NEED: Fixed assets or working capital
  • YOU MAY QUALIFY FOR: Low-interest loans of up to $2 million for fixed assets or up to $750,000 for working capital through EDA's Direct Loan Program.

Direct Loans

2015/03/06

  • IF YOU ARE: A NJ business that has not yet engaged a bank on potential financing, or is working with a bank that is not an EDA Premier Lender 
  • AND YOU NEED: Financing for fixed assets or working capital
  • YOU MAY QUALIFY FOR: Low-interest loans of up to $2 million for fixed assets or up to $750,000 for working capital.

Direct Loans

2015/03/06

  • IF YOU ARE: A NJ business that has not yet engaged a bank on potential financing, or is working with a bank that is not an EDA Premier Lender
  • AND YOU NEED: Financing for fixed assets or working capital
  • YOU MAY QUALIFY FOR: Low-interest loans of up to $2 million for fixed assets or up to $750,000 for working capital.

Direct Loans

2015/03/06

  • IF YOU ARE: A NJ business that has not yet engaged a bank on potential financing, or is working with a bank that is not an EDA Premier Lender
  • AND YOU NEED: Financing for fixed assets or working capital
  • YOU MAY QUALIFY FOR: Low-interest loans of up to $2 million for fixed assets or up to $750,000 for working capital.

ERG Program

2015/03/16

  • IF YOU ARE: A developer with a commercial or residential project located in New Jersey
  • AND YOU NEED: Revenue to address a financing gap in real estate development projects
  • YOU MAY QUALIFY FOR: A tax credit up to 30% or an incentive grant reimbursement up to 20% of total project cost.

Economic Redevelopment and Growth (ERG) Program

2015/03/16

  • IF YOU ARE: A developer with a commercial or residential project located in New Jersey
  • AND YOU NEED: Revenue to address a financing gap in real estate development projects
  • YOU MAY QUALIFY FOR: A tax credit up to 30% or an incentive grant reimbursement up to 20% of total project cost.

Edison Growth Stars

2015/03/31

  • IF YOU ARE: Angel supported and/or venture capital (VC) supported New Jersey-based technology companies with minimum trailing 12 month commercial revenues of $2,000,000 that has previously received assistance under the Edison Innovation Fund
  • AND YOU NEED: Follow-on funding
  • YOU MAY QUALIFY FOR: Up to $500,000 through the Edison Innovation Growth Stars Fund

Edison Growth Stars

2015/03/31

  • IF YOU ARE: Angel supported and/or venture capital (VC) supported New Jersey-based technology companies with minimum trailing 12 month commercial revenues of $2,000,000 that has previously received assistance under the Edison Innovation Fund
  • AND YOU NEED: Follow-on funding
  • YOU MAY QUALIFY FOR: Up to $500,000 through the Edison Innovation Growth Stars Fund

Edison Growth Stars

2015/03/31

  • IF YOU ARE: Angel supported and/or venture capital (VC) supported New Jersey-based technology companies with minimum trailing 12 month commercial revenues of $2,000,000 that has previously received assistance under the Edison Innovation Fund
  • AND YOU NEED: Follow-on funding
  • YOU MAY QUALIFY FOR: Up to $500,000 through the Edison Innovation Growth Stars Fund

Edison Innovation Clean Energy Manufacturing Fund for Green Businesses

2015/03/11

  • IF YOU ARE: A manufacturer of Class I renewable energy  or energy efficiency  systems, products or technologies
  • AND YOU NEED: Funding for project assessment and design, and project construction and operation, associated with a new manufacturing line or the material expansion of an existing line of a New Jersey manufacturing facility
  • YOU MAY QUALIFY FOR: Grant and loan financing through the Edison Innovation Clean Energy Manufacturing Fund (CEMF)

Edison Innovation Green Growth Fund for Green Businesses

2015/03/19

  • IF YOU ARE: A NJ technology company with Class I renewable energy and/or energy-efficiency products or systems that have achieved “proof of concept” and successful independent beta results
  • AND YOU NEED: Financing to advance technologies to become competitive with traditional sources of electric generation
  • YOU MAY QUALIFY FOR: Up to $2 million in loans, with up to $1 million that may be converted to a performance grant

Edison Innovation VC Growth Fund

2015/03/31

  • IF YOU ARE: A venture capital (VC) supported New Jersey-based technology companies with minimum trailing 12 month commercial revenues of $500,000 derived from core business activities (such as the sale of technology products)
  • AND YOU NEED: Growth capital
  • YOU MAY QUALIFY FOR: Up to $1,000,000 in growth capital through the Edison Innovation VC Growth Fund

Founders & Funders

2015/03/31

  • IF YOU ARE: An emerging technology or life sciences company
  • AND YOU NEED: Access to angel & venture capital investors for smart, honest feedback on your business model, strategy and technology
  • YOU MAY QUALIFY FOR: NJ Founders & Funders - A biannual event organized by the EDA connecting companies and investors with one-on-one sessions to discuss strategy, business models and funding opportunities

Founders & Funders

2015/03/31

  • IF YOU ARE: An emerging technology or life sciences company
  • AND YOU NEED: Access to angel & venture capital investors for smart, honest feedback on your business model, strategy and technology
  • YOU MAY QUALIFY FOR: A biannual event organized by the EDA connecting companies and investors with one-on-one sessions to discuss strategy, business models and funding opportunities

Founders & Funders

2015/03/31

  • IF YOU ARE: An emerging technology or life sciences company
  • AND YOU NEED: Access to angel & venture capital investors for smart, honest feedback on your business model, strategy and technology
  • YOU MAY QUALIFY FOR: A biannual event organized by the EDA connecting companies and investors with one-on-one sessions to discuss strategy, business models and funding opportunities

Fund for Community Economic Development

2015/03/16

  • IF YOU ARE: A community economic development organization or a for-profit developer of real estate development projects in urban and Smart Growth locations…
  • AND YOU NEED: Financing to support community and economic development initiatives in New Jersey’s urban centers.…
  • YOU MAY QUALIFY FOR: Loans and loan guarantees up to $750,000.

Grow NJ

2015/03/16

  • IF YOU ARE: A business creating or retaining jobs and making a capital investment in a qualified incentive area
  • AND YOU NEED: Job creation and/or retention incentives
  • YOU MAY QUALIFY FOR: Grants of corporate business and insurance premium tax credits of up to $5,000 per job, per year; with bonus credits of up to $3,000 per job, per year (award amounts vary based on applicable criteria.)

Grow NJ

2015/03/16

  • IF YOU ARE: A business creating or retaining jobs and making a capital investment in a qualified incentive area
  • AND YOU NEED: Job creation and/or retention incentives
  • YOU MAY QUALIFY FOR: Grants of corporate business and insurance premium tax credits of up to $5,000 per job, per year; with bonus credits of up to $3,000 per job, per year (award amounts vary based on applicable criteria.)

Grow NJ

2015/03/16

  • IF YOU ARE: A business creating or retaining jobs and making a capital investment in a qualified incentive area
  • AND YOU NEED: Job creation and/or retention incentives
  • YOU MAY QUALIFY FOR: Grants of corporate business and insurance premium tax credits of up to $5,000 per job, per year; with bonus credits of up to $3,000 per job, per year (award amounts vary based on applicable criteria.)

Higher Education Institution Public Private Partnership Program

2015/03/11

  • IF YOU ARE: A state or county college in New Jersey
  • AND YOU NEED: On-campus construction, reconstruction, repair, alteration, improvement or extension of a building, structure or facility of the institution
  • YOU MAY QUALIFY FOR: Financial and administrative assistance through a public-private partnership.

Loan to Lenders - Fund for Community Economic Development

2015/03/16

  • IF YOU ARE: A community economic development organization or a for-profit developer of real estate development projects in urban and Smart Growth locations
  • AND YOU NEED: Financing to support community and economic development initiatives in New Jersey’s urban centers
  • YOU MAY QUALIFY FOR: Loans and loan guarantees to support urban community economic development, revitalize local economies, and provide employment for urban residents.

Premier Lender Program

2015/03/11

  • IF YOU ARE: A NJ business that has not yet engaged a bank on potential financing
  • AND YOU NEED: Financing for fixed assets, working capital, or refinancing of other bank debt
  • YOU MAY QUALIFY FOR: Bank financing with EDA loan participation or guarantee through the Premier Lender Program

Premier Lender Program

2015/03/11

  • IF YOU ARE: A New Jersey small business discussing financing with one of EDA's Premier Lender banks
  • AND YOU NEED: Financing for fixed assets, working capital, or refinancing of other bank debt
  • YOU MAY QUALIFY FOR: Bank financing with EDA loan participation or guarantee through the Premier Lender Program

Premier Lender Program

2015/03/11

  • IF YOU ARE: A NJ business that has not yet engaged a bank on potential financing
  • AND YOU NEED: Financing for fixed assets, working capital, or refinancing of other bank debt
  • YOU MAY QUALIFY FOR: Bank financing with EDA loan participation or guarantee through the Premier Lender Program

Premier Lender Program

2015/03/11

  • IF YOU ARE: A New Jersey small business discussing financing with one of EDA's Premier Lender banks
  • AND YOU NEED: Financing for fixed assets, working capital, or refinancing of other bank debt
  • YOU MAY QUALIFY FOR: Bank financing with EDA loan participation or guarantee through the Premier Lender Program

Premier Lender Program

2015/03/11

  • IF YOU ARE: A New Jersey small business discussing financing with one of EDA's Premier Lender banks
  • AND YOU NEED: Financing for fixed assets, working capital, or refinancing of other bank debt
  • YOU MAY QUALIFY FOR: Bank financing with EDA loan participation or guarantee through the Premier Lender Program

Premier Lender Program

2015/03/11

  • IF YOU ARE: A New Jersey small business discussing financing with one of EDA's Premier Lender banks
  • AND YOU NEED: Financing for fixed assets, working capital, or refinancing of other bank debt
  • YOU MAY QUALIFY FOR: Bank financing with EDA loan participation or guarantee through the Premier Lender Program.

Real Estate Impact Fund

2015/03/30

  • IF YOU ARE: A developer or business entitity with demonstrated experience in successfully completing real estate development projects
  • AND YOU NEED: Financing for project development costs
  • YOU MAY QUALIFY FOR: Financing of up to $3 million through the Real Estate Impact Fund.

Real Estate Impact Fund

2015/03/30

  • IF YOU ARE: A developer or business entity with demonstrated experience in successfully completing real estate development projects
  • AND YOU NEED: Financing for project development costs
  • YOU MAY QUALIFY FOR: Financing of up to $3 million through the Real Estate Impact Fund.

Small Business Fund

2015/03/11

  • IF YOU ARE: A not-for-profit corporation or a creditworthy small, minority-owned or women-owned NJ business that may not have the ability to get bank financing
  • AND YOU NEED: Financing for fixed assets or working capital
  • YOU MAY QUALIFY FOR: Direct loans up to $500,000 through the EDA's Small Business Fund.

Small Business Fund

2015/03/11

  • IF YOU ARE: A not-for-profit corporation or a creditworthy small, minority-owned or women-owned NJ business that may not have the ability to get bank financing
  • AND YOU NEED: Financing for fixed assets or working capital
  • YOU MAY QUALIFY FOR: Direct loans up to $500,000 through the EDA's Small Business Fund.

Small Business Fund

2015/03/11

  • IF YOU ARE: A not-for-profit corporation or a creditworthy small, minority-owned or women-owned NJ business that may not have the ability to get bank financing
  • AND YOU NEED: Financing for fixed assets or working capital
     
  • YOU MAY QUALIFY FOR: Direct loans up to $500,000 through the EDA's Small Business Fund.

Small Business Services

2015/03/30

  • IF YOU ARE: A New Jersey small business
  • AND YOU NEED: Less than $100,000 in financing
  • YOU MAY QUALIFY FOR: A microloan through a microlender or CDFI

Technology Business Tax Certificate Transfer Program

2015/03/31

  • IF YOU ARE: An unprofitable NJ-based technology or biotechnology company with fewer than 225 US employees
  • AND YOU NEED:  To turn NOL and R&D tax credits into working capital or research funding
  • YOU MAY QUALIFY FOR: The ability to sell net operating losses (NOL) and R&D tax credits for at least 80% of their value through the Technology Business Tax Certificate Transfer Program

Technology Business Tax Certificate Transfer Program

2015/03/31

  • IF YOU ARE: An unprofitable NJ-based technology or biotechnology company with fewer than 225 US employees
  • AND YOU NEED: To turn NOL and R&D tax credits into working capital or research funding
  • YOU MAY QUALIFY FOR: The ability to sell net operating losses (NOL) and R&D tax credits for at least 80% of their value through the Technology Business Tax Certificate Transfer Program

Technology Business Tax Certificate Transfer Program

2015/03/31

  • IF YOU ARE: An unprofitable NJ-based technology or biotechnology company with fewer than 225 US employees
  • AND YOU NEED: To turn NOL and R&D tax credits into working capital or research funding
  • YOU MAY QUALIFY FOR: The ability to sell net operating losses (NOL) and R&D tax credits for at least 80% of their value through the Technology Business Tax Certificate Transfer Program
     
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