Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Tax credits for businesses creating or retaining jobs in New Jersey, with enhanced benefits for projects in opportunity zones, urban areas, and targeted industries including life sciences and clean energy.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Must create 35 new full-time NJ jobs or retain 50 jobs at risk of leaving
2.Average salary must exceed county/state median by 20%
3.Base credit: $500–$4,000 per job per year for up to 7 years (10 in incentive areas)
4.Enhanced credits for priority industry sectors and opportunity zone locations
5.Must invest minimum capital in NJ facility (varies by business type)
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).
KCED · Kentucky
Provides tax incentives to new and expanding Kentucky businesses creating jobs and investing capital, including wage assessments, income tax credits, and sales tax savings on construction materials.
ACCD · Vermont
Cash incentive payments for Vermont businesses creating new qualifying jobs, calculated as a share of new payroll and capital investment over a 5-year period.