Funded by the New Jersey Board of Public Utilities and administered through the Economic Development Authority, the Clean Energy Manufacturing Fund Program (CEMF) is designed to provide assistance for manufacturing of energy efficient and renewable energy products that will assist Class I renewable energy and energy efficiency technologies in becoming competitive with traditional sources of electric generation.

Through the program, New Jersey clean technology manufacturers can receive funding under two separate components: project assessment and design, and project construction and operation. In total, a qualified manufacturer of Class I renewable energy or energy efficiency systems, products or technologies may be eligible to receive up to $3.3 million in grants and interest-free loans.

• Project Assessment and Design Grant – Up to $300,000, not to exceed 10% of total CEMF project funds requested, is available as a grant to assist with the manufacturing site identification and procurement, design, and permits. Twenty percent of the grant is available up front as seed funds.
• Project Construction and Operation Zero-Interest Loan – Up to $3 million is available as a zero-interest ten-year loan, with repayments to start at the beginning of the fourth year, to support site improvements, equipment purchases, and facility construction and completion. One-third of the loan, up to $1 million, may convert to a performance grant if business and technology-based milestones specific to each company are met during the first three years. No more than one-half of the funds may be advanced prior to commercial production.

For eligible technologies and program requirements, visit www.njeda.com/CEMF or call 866-534-7789.