Business Resources

Offshore Wind Tax Credit Program

The Offshore Wind Tax Credit is a powerful financial tool designed to spur private capital investment and employment growth in major, land-based offshore wind industry projects. The tax credit program provides reimbursement for capital investments in industry-specific facilities located in New Jersey.

New Jersey Clean Energy Loans

NJ CELs is a $80 million co-lending program for clean energy projects and businesses in New Jersey. NJEDA loans range from $250,000 to $10 million, with a matching loan from a financial institution required. NJEDA loans have a reduced interest rate, and special terms are available for Minority-, Woman-, and Veteran-owned businesses.

NJ Manufacturers Voucher Program

NJ Manufacturers 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. The pilot program will provide grants for a portion of eligible equipment costs, up to a maximum award amount of $250,000 per manufacturer.

Overview of NJEDA Offshore Wind Programs & Incentives [PDF]

Whether you are a large offshore wind developer, an established manufacturer or supplier looking to relocate, or a small business interested in joining the offshore wind supply chain, NJEDA has a suite of programs to support your business’ growth in the offshore wind industry. New Jersey is the place for your business to get started, participate in the clean energy economy, and grow.

NJ Business Action Center

The New Jersey Business Action Center (NJBAC), housed within the New Jersey Department of State, is the “one-stop shop” for businesses to access a variety of resources and support. NJBAC advocates are available to work closely with you and find solutions on everything from information on starting a business to international exporting to guidance on workforce development to financing options. NJBAC can help get the answers you need from government and regulatory agencies at the local, state and federal level. NJBAC can facilitate your meetings and handle the follow-ups – confidentially and at no cost to you.

Choose New Jersey

For your site selection, market intelligence, partner introductions and public relations support needs.

The NJ Supply Chain Registry is open to any business or organization who wants to enter the offshore wind supply chain, including manufacturers, labor unions, nonprofits, research institutions, and universities. Developers are often required to develop state-wide supply chains and partner with local universities, unions, MWBEs, and other uniquely qualified businesses – let the industry know you are here. More than 800 organizations have already joined this FREE listing.

Learn more about The NJ Supply Chain Registry