NJEDA Emerge Program
If you qualify, we'll secure Emerge tax credits and other subsidies for your project - saving you 20% or more
Emerge Program - Overview
The Emerge program offers tax credits in return for creating and retaining jobs in New Jersey. These tax credits can be sold for cash, generating an income stream that can subsidize your project. Funding ranges from $3,500/job to $56,000/job paid out over a seven-year period. Higher awards are given to projects that are in targeted industries or targeted areas and pay higher wages. Contact Us for an estimate of your project's incentives.
How much of your ELIGIBLE costs can be offset by emerge?
Emerge Program - Example Cash Flow Model
Emerge Program - Eligibility
Projects must meet certain eligibility requirements to qualify. In some cases, a project's scope can be modified to comply without adding excessive costs (e.g. using prefab construction methods to avoid on-site prevailing wages):
- Create at least 35 new, full-time jobs. This number is reduced to 25 jobs for certain targeted industries and for "small businesses".
- For projects seeking funding for retaining jobs, the minimum number of retained jobs ranges from 500 to 1,000.
- Meet minimum capital investment requirements ranging from $20/SF to $120/SF depending on the project type.
- All NJEDA financed project must use prevailing wages and have affirmative action goals for all on-site construction labor
- Projects must be in an Eligible Incentive location and remain there for 1.5 times the award period (up to 11 years for maximum funding).
- Emerge tax credits must yield a minimum net positive economic benefit to the state of 200 percent to 400 percent depending on project location.
- Demonstrate that the award of the tax credit is a "material factor" in the decision to create or retain at least the minimum number of full-time jobs.
- Projects must obtain local or municipal support
Combining Emerge with Other Incentives
Many projects that qualify for Emerge financing also qualify for other sources of subsidized financing, allowing developers and project sponsors to combine incentives. These additional subsidies include tax credits and grants, along with government debt. These incentives can be sourced from federal, state and local governments and are best negotiated early in the funding process. Contact Us to learn more.
We’ve secured over $650MM of subsidies and raised more than $4B in debt and equity.
OUR Past Projects
Corporate
Headquarters
Food Processing
Plant Financing
Extruded Pipe
Plant Financing
Steel Galvanizing
Plant Financing
Child Advocacy Center
Non-profit
Campus Health
Professions Hub
Silicon Foundry
Refurbishment
Manufacturing Plant
Expansion
Plastic-to-Oil
Recycling Facility
Pharmaceutical
Manufacturing
Find Out How We Can Finance YOUR Project for 20% Less
our team
Adam Tkaczuk
Senior Partner
Adam has secured >$650M in subsidies and manages our incentives and project development efforts. He serves as the CFO of a steel processing business and is the co-founder of a 25 million lb./year protein processing business.
Bill Sprague
Chair - Investment Committee
Bill chairs our investment committee where he sources our investments made with our Seed Capital fund. He's raised $4B for infrastructure and industrial projects.
Mike Kosmoski
Construction Management
Mike has managed over $2.1B of construction projects and oversees our construction services.
Christine Coleman
Partner
Christine is dedicated to supporting often-overlooked communities. With over five years of experience in nonprofit organizations, she has volunteered, worked on staff, and provided financial advice to boards.