The New Jersey Economic Opportunity Act of 2013 was signed into law on September 18, 2013. The Act streamlines New Jersey's five existing economic development incentive programs into two; the Grow New Jersey Assistance (Grow NJ) Program will be the State's main job creation and retention incentive program and the Economic Redevelopment and Growth (ERG) program will be New Jersey's key developer incentive program. Click here for more information on the new incentive programs.
New Jersey Economic Development Authority - Site Map
The EDA's 2013 Annual Report is available here. To view the 2013 Comprehensive Annual Report (including audited financial statements and projects), Annual Reports for prior years, or lists of EDA-assisted projects by year, click here.
The Fort Monmouth Economic Revitalization Authority (FMERA)
FMERA was created to provide investment, continuity and economic growth to the communities impacted by the federal government's decision to close Fort Monmouth. Click here to learn more.
The EDA issues conduit tax-exempt private activity bonds, the proceeds of which are used to provide low-interest, fixed-asset financing. Borrowers must meet the eligibility requirements outlined in the Internal Revenue Code (IRC) in order to qualify. Taxable bonds are also available for a wide variety of businesses. Taxable bonds offer similar flexibility in structuring rates and terms but are not subject to the restrictions placed on tax-exempt financing under the IRC. Click here for more information.