NEW JERSEY INCENTIVES SUMMARY
Aspire Program
This program is designed as a gap financing program to assist commercial, mixed-use and residential real estate development projects. As of October 2023, the program is undergoing revisions to the program's rules.
Emerge Program
The Emerge Program is a job creation and retention incentive program that offers sellable tax credits when the state is in a competitive situation with other states to attract or retain companies. Companies may be eligible for base tax credits ranging from $500 to $4,000 per job, per year with additional bonus tax credits that may increase the award to a maximum of $8,000 per job, per year. The maximum term is seven years.
Notice: This list of economic development incentive programs is intended to provide a high-level overview of commonly pursued state discretionary programs. A comprehensive analysis of project details will determine the full scope of state and local incentive programs that may be available to support a specific project.