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The principal
services of the New Jersey Economic Development
Partnership are directed at improving the economic condition of
Low-Income Communities and Low-Income Persons by encouraging
investment.
Federal Tax Credits The New Jersey Economic
Development Partnership can award qualified investors a transferable
federal tax credit equal to 39% of the investment. The
Partnership can arrange for the sale of the credits where
desired.
State Tax
Credits The
New Jersey Economic Development Partnership can negotiate state
tax credits based upon investment. In some states, the tax
credit can be as much as 100% of the investment.
Training
Grants & Funding The New Jersey Economic Development
Partnership can assist companies in obtaining grants and other
funding for job skills training for both existing employees and new
hires.
Capital
Grants The New Jersey Economic Development
Partnership can assist companies in obtaining grants to reduce the
cost of investment
Working
Capital Grants and Low Interest Loans The New Jersey Economic Development Partnership
can assist companies in obtaining grants and low interest loans to
reduce the cost of an investor's debt
service.
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