Any business can apply if it has existing employees who can be trained in a new skill for current and future workforce demands.
Employers can receive grants of up to $100,000.
Businesses receive a sales tax exemption for the purchase of electricity and natural gas for use at the facility.
Venture funds must be actively investing in New Jersey’s innovative industries.
Businesses receive investment capital commitments up to $10M.
The business must be registered in New Jersey.
Businesses receive help finding employees by providing guidance on job matching or occupation-specific training programs.
The following items are examples of activities eligible to apply for funding:
Previous reimbursement awards have ranged from $8,000 to $8M.
Previous awards have ranged between $100K to $8M.
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