NEXT NEW JERSEY MANUFACTURING PROGRAM

Open in new Tab NEXT NEW JERSEY MANUFACTURING PROGRAM NJEDA is now accepting applications, as of Thursday, September 25, 2025, at 10:00 am EDT, and will remain open until all funds are committed or March 1st, 2029; whichever comes first. APPLY HERE Program Information AMOUNT An eligible manufacturing applicant may be awarded a tax credit of up to $150 million, based on their proposed new jobs and capital investment. To determine your potential award amount, please utilize our Awards Calculator. An eligible manufacturer will receive a tax credit based on the  lowest  of the following three calculated amounts: Award Calculation:  Multiply  0.1%  by the capital investment, then multiply that result by the total number of jobs. Program Award Percentage Cap:  Max of 25% of your total capital investment. Program Award Cap:  Max award amount $150 million. Your final tax credit amount will be the smallest of these three values (Award Calculation, or the two Caps). BENEFITS The Next NJ Manufacturing Program is a tax credit initiative designed to spur significant investment, create new manufacturing jobs, and solidify New Jersey’s manufacturing industry. By competitive, transferable tax incentives, NEXT NJ Manufacturing encourages companies to invest their capital in New Jersey while demonstrating a collaborative commitments to long-term growth within the state. ELIGIBILITY The Qualified Business facility is primarily (>50%) engaged in manufacturing. “Manufacturing” does not include refurbishing or repairing development, resource extraction, waste incineration, or any agriculture (indoor, outdoor, hydro or aeroponic). PROGRAM RULES ELIGIBILITY AWARD SIZE CALCULATOR FEES FORMS BONUSES MANUFACTURING COUNTY MEDIAN SALARIES 2024 LABOR COMPLIANCE PROGRAM RULES The NJEDA has adopted the following new rules to implement the provisions of the Next NJ Manufacturing Program: Next New Jersey Manufacturing Program Act,  2025 c. 123 ELIGIBILITY To be eligible for the Next NJ Manufacturing Program, a project must: The business shall lease a capital investment at the qualified business facility not less than $10,000,000; The business shall create new full-time jobs at the qualified business facility in an amount not less than 20 new full-time jobs; The Qualified Business facility needs to be primarily involved in manufacturing activities (> 50% of the business’s activities). “Manufacturing”  does not include  refurbishing or repairing development, resource extraction, waste incineration, or any agriculture (indoor, outdoor, hydro or aeroponic). 4. The median salary of the full-time jobs at the qualified business facility by the business shall be not less than 120 percent of the median salary for manufacturing employees in the county in which the project is located; or if the qualified business facility is a complex of buildings that spans multiple counties, the county with the highest median salary among the counties where the buildings comprising a complex of buildings are located; 5. The business shall maintain the facility as a qualified business facility during the commitment period; 6. The business shall enter into a collaborative relationship; A “Collaborative relationship” means a contractual relationship, as approved by the Authority, over the term of the commitment period, which may be renewed annually, between an eligible business and a New Jersey-based: public or private university or college; public or private high school; workforce development organization; vocational or technical school or institution; labor organization, business or employer association, or nonprofit community-based organization that provides workforce career development services.