Development Incentives & Business Opportunities

Tax credits, financing, and incentives for job-creating businesses

Whether you’re expanding an existing business, relocating operations, or starting a new venture, New Jersey offers powerful incentives to support commercial development and job creation.

Available Programs: 

• Grow NJ Assistance Program (NJEDA) – Tax credits up to $15,000 per job for qualifying businesses
• Economic Redevelopment and Growth Program (NJEDA) – Financing for transformational development projects
• New Jersey Opportunity Zones – Capital gains tax deferrals and elimination for long-term investments
• NJEDA Direct Lending – Gap financing and bond financing for large-scale developments

Best For: Manufacturing, technology companies, corporate relocations, retail developments, and businesses creating 25+ jobs.

Comprehensive financing and tax credit programs for residential developers

Access the full spectrum of affordable housing development tools, from tax credits to direct financing, designed to make quality housing projects financially viable.

Available Programs:

• Low Income Housing Tax Credits (NJ HMFA) – Federal tax credits for affordable housing development
• Multifamily Housing Production Programs (NJ HMFA) – Direct financing for affordable housing projects
• Neighborhood Revitalization Tax Credit Program (DCA) – Tax credits for community development projects
• Community Development Block Grant (Atlantic City) – Federal funding for housing rehabilitation and development
• New Jersey Opportunity Zones – Tax advantages for qualifying residential developments

Best For: Affordable housing developers, multifamily rental projects, mixed-income developments, and housing rehabilitation projects.

Specialized resources for complex site development and environmental remediation Transform underutilized and contaminated properties into productive developments with specialized financing and technical assistance for environmental challenges.

Available Programs: 

• New Jersey Redevelopment Investment Fund (NJRA) – Gap financing for redevelopment projects
• New Jersey Urban Site Acquisition Program (NJRA) – Financing for site acquisition and preparation
• Economic Redevelopment and Growth Program (NJEDA) – Support for transformational redevelopment
• New Jersey Opportunity Zones – Tax incentives for investments in distressed communities
• Environmental remediation financing (NJRA) – Specialized funding for contaminated
  sites

Best For: Brownfield redevelopment, urban infill projects, contaminated site remediation, and large-scale mixed-use developments.

Financing for essential infrastructure and public-private partnerships Develop critical infrastructure projects that serve communities while creating economic opportunities through public-private partnerships and municipal financing.

Available Programs:

• Atlantic County Improvement Authority (ACIA) – Infrastructure development financing and technical assistance
• Casino Reinvestment Development Authority (CRDA) – Atlantic City infrastructure and tourism projects
• Community Development Block Grant (Atlantic City) – Federal funding for public infrastructure improvements
• Public-private partnership facilitation (ACIA) – Expertise in structuring complex public-private deals
• Municipal project financing (ACIA) – Support for local government infrastructure needs

Best For: Transportation projects, utilities infrastructure, public facilities, tourism infrastructure, and municipal development partnerships.

Resources for emerging businesses and small-scale developments Support for entrepreneurs and small businesses looking to establish or expand operations with targeted assistance programs and flexible financing options.

Available Programs:

• Federal resources for Opportunity Zone small businesses – Technical assistance and funding guidance
• Urban Enterprise Zone Program (DCA) – Tax benefits and regulatory relief for small businesses
• NJEDA technical assistance programs – Business planning and financing guidance
• Community Development Block Grant (Atlantic City) – Support for small business development
• Local economic development initiatives (CRDA, ACIA) – Regional small business support programs
• Small Business Development Center
• Atlantic County Workforce Development Board
• New Jersey Business Action Center

Best For: Startup businesses, small-scale commercial projects, minority and women-owned businesses, and local entrepreneurs.

Direct assistance for homebuyers and individual property owners

Comprehensive homeownership support for individuals and families, plus resources for property rehabilitation and improvement.

Available Programs:

• Atlantic City Down Payment Assistance Program – Direct homebuyer financial assistance
• Atlantic County Homebuyers Program – Regional homeownership support
• Atlantic City Homeowner Rehabilitation Program – Property improvement financing
• Atlantic County Housing Rehabilitation Program – Regional property improvement assistance
• First-time homebuyer programs (NJ HMFA) – Statewide homeownership assistance
• Community Development Corporation Homebuyer Programs

Best For: First-time homebuyers, existing homeowners seeking rehabilitation assistance, and individuals purchasing in targeted neighborhoods.