Economic Incentives & Tax Credits
High impact incentives for small businesses in New Jersey
A dominant force in North America’s industrialization, New Jersey is the birthplace of the U.S. Industrial Revolution and where the steam locomotive was invented. Over 2,500 advanced manufacturers operate in New Jersey from large pharmaceutical companies to small machine shops. Those companies directly employ over 250,000 workers and contribute more than $50 billion to New Jersey’s GDP. Home to the Port of New York and New Jersey, the East Coast’s largest seaport, New Jersey supports many key industries such as life sciences, technology, clean energy, and healthcare.
Top tax incentive programs for small and medium-sized businesses in New Jersey
New Jersey Manufacturing Voucher Program
The New Jersey Manufacturing Voucher Program is a $20,000,000 pilot grant program to assist New Jersey manufacturers with accessing the manufacturing equipment they need to become more efficient, productive, and profitable.
Aspire Program
Aspire is a gap financing tool to support commercial, mixed use, and residential real estate development projects that replaces the Economic Redevelopment and Growth Grant (ERG).
Small Business E-commerce Support Program
The Small Business E-commerce Support Program provides free e-commerce and digital marketing consulting services to New Jersey small businesses in the restaurant, retail and personal care industries that operate from a commercial location.
Small Business Improvement Grant
The Small Business Improvement Grant offers reimbursement for costs associated with making building improvements or purchasing new furniture, fixtures and equipment.
Small Business Lease Grant
The Small Business Lease Grant supports the growth and success of small businesses and non-profits by providing grant funding to cover a portion of lease payments for businesses and non-profits leasing new or additional space.
Urban Enterprise Zone (UEZ) Manufacturers Energy Sales Tax Exemption
Urban Enterprise Zone (UEZ)-certified manufacturers that employ at least 250 full-time workers, at least 50% of whom are involved in the manufacturing process, may be eligible for an exemption from the sales and use tax.
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Get the Tax Money You're Owed in Minutes
Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.
Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.