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Open in new Tab NEW JERSEY MANUFACTURING VOUCHER PROGRAM PHASE 3 Based on the significant number of applications already received, funding for the New Jersey Manufacturing Voucher Program Phase 3 is fully subscribed. Based on the fact that the NJEDA’s application fee is non-refundable, the NJEDA is no longer accepting new applications. If you have any questions, please contact the NJEDA Call Center at 844-965-1125. The New Jersey Manufacturing Voucher Program is a $10,000,000 grant program to assist New Jersey manufacturers with accessing the manufacturing equipment they need to become more profitable. The pilot program will provide grants for a portion of eligible equipment costs, up to a maximum award amount of $250,000 per manufacturer. Please note: Applicants must be seeking assistance for a project they are actively contemplating but have yet to commit to. Projects where a contract has been signed, a Purchase Order placed, a deposit made in advance or previously purchased equipment prior to an Approved NJ MVP application, will not be eligible for this program. The program is intended for manufacturers within targeted industries that will purchase equipment that integrates advanced or innovative materials to improve the manufacturing of products. The program also offers bonuses focused on certified veteran-owned businesses (WMVB), businesses located in opportunity zone eligible census tracts, businesses with less than or equal to 50 Full-Time Equivalent employees (FTE), as well as bonuses for companies that have a collective bargaining agreement in place. Companies with less than or equal to 100 Full-Time Equivalent employees (FTE) can receive larger reimbursements. Business.NJ.gov | and Other Certifications Applications will be accepted on a rolling basis and remain open until all funds are committed. To ensure equitable access to funding, Phase 3 applications will be prioritized for new applicants who have not previously or will not be awarded grants under Phase 1 or Phase 2 (based on EIN) during the initial two-week application period. Following this period, all eligible businesses will have the opportunity to apply for funding, subject to available resources. PROGRAM DETAILS ELIGIBILITY AWARD SIZE FEES CLOSING & REIMBURSEMENT LABOR COMPLIANCE DISBURSEMENT DOCUMENTATION CHECKLIST FORM PROGRAM DETAILS New Jersey Manufacturing Voucher Program (NJ MVP) will provide reimbursement equipment grants sized at 30% – 50% of the cost of the eligible equipment (including installation) up to a maximum award amount of $250,000. The program will target the State’s manufacturers within targeted industries that will purchase equipment that integrate advanced or innovative materials to improve the manufacturing of products. The program will also offer bonuses focused on certified owned businesses (WMVB), opportunity zones, purchasing manufacturing equipment in New Jersey as well as bonuses for companies that has a collective bargaining agreement in place. NJ MVP is also committed to supporting small businesses by awarding manufacturers with under 100 Full Time Equivalents employees (FTE) higher award percentages. Applications will be accepted on a rolling basis and remain open until all funds are committed. As a commitment and in support of the Authority’s Inclusion efforts, the NJ MVP – New Jersey Manufacturers Voucher Program supports projects that are in distressed areas and under-represented ownership groups. In particular, the NJ MVP will award bonuses to those applicants for each of the following areas: Stackable 5% Bonuses Available for each of the following Equipment is installed in a location within an Opportunity Zone Eligible Census Tract (Tool to check tract locations here