Business Resources
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, New Jersey is the place for your business to get started, get established, and grow. NJ has a variety of programs and incentives to assist businesses looking to engage in the offshore wind sector:
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Offshore Wind Tax Credit ProgramThe 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.
Learn more about the Offshore Wind Tax Credit Program
Download the One-Pager on Offshore Wind Tax Credit -
New Jersey Clean Energy Loans
NJ CELs is an $80 million co-lending program launched by the New Jersey Economic Development Authority (NJEDA) for small businesses seeking to finance clean energy projects. The program’s funds come from the U.S. Treasury’s State Small Business Credit Initiative (SSBCI).
NJ CELs will unlock capital for small businesses and start-ups, catalyze the deployment of clean energy in New Jersey, and support minority-, woman-, and veteran-owned businesses to participate in the State’s energy transition.
The NJEDA will lend between $250,000 and $10 million for projects requesting a total loan amount of $500,000 to $20 million.
Learn more about New Jersey Clean Energy Loans (NJ CELs) -
NJ Manufacturers Voucher ProgramNJ 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.
Learn more about New Jersey Manufacturing Voucher Program -
Overview of NJEDA Offshore Wind Programs & IncentivesWhether 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.
Download the One-Pager on Offshore Wind Programs and Incentives -
The NJ Supply Chain RegistryThe 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