Manufacturing Voucher Program (MVP) (New Jersey) is sponsored by New Jersey Economic Development Authority (NJEDA). This opportunity supports mission-aligned projects and measurable outcomes.

New Jersey Manufacturing Voucher Program - NJEDA Thank you for your interest in Phase 1 of the NJ Manufacturing Voucher Program (NJ MVP). Phase 1 is closed. Phase 2 and Phase 3 of the NJ MVP have also been conducted and are now closed.

For questions, please contact the NJEDA Customer Care Center at (844) 965-1125 or CustomerCare@njeda. gov . You can also review a complete list of NJEDA’s active programs at njeda.

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

Please note: Applicants must be seeking assistance for a project they are actively contemplating but have yet to commit to. Projects where a contract has been signed, a Purchase Order placed, a deposit made in advance or previously purchased equipment prior to an Approved NJ MVP application, will not be eligible for this program.

The program is intended for manufacturers within targeted industries that will purchase equipment that integrates advanced or innovative technologies, processes, and materials to improve the manufacturing of products.

The program also offers bonuses focused on certified woman-owned, minority-owned, and veteran-owned businesses (WMVB), as well as businesses located in opportunity zone eligible census tracts, businesses with less than 100 Full Time Equivalent employees (FTE), as well as bonuses for companies that have a collective bargaining agreement in place.

Applications will be accepted on a rolling basis and remain open until all funds are committed. New Jersey Manufacturing Voucher Program (NJ MVP) will provide equipment grants sized at 30% – 50% of the cost of the eligible equipment (including installation) up to a maximum award amount of $250,000.

The program will target the State’s manufacturers within targeted industries that will purchase equipment that integrate advanced or innovative technologies, processes, and materials to improve the manufacturing of products.

The program will also offer bonuses focused on certified woman, minority, veteran owned businesses (WMVB), opportunity zones, purchasing manufacturing equipment in New Jersey as well as bonuses for companies that has a collective bargaining agreement in place. NJ MVP is also committed to supporting small businesses by awarding manufacturers with under 100 Full Time Equivalents employees (FTE) higher award percentages.

Applications will be accepted on a rolling basis and remain open until all funds are committed. As a commitment and in support of the Authority’s Diversity, Equity, and Inclusion efforts, the NJ MVP – New Jersey Manufacturers Voucher Program supports projects that are in distressed areas and under-represented ownership groups.

In particular, the NJ MVP will award bonuses to those applicants for each of the following areas: Stackable 5% Bonuses Available for each of the following Equipment is installed in a location within an Opportunity Zone Eligible Census Tract (Tool to check tract locations here ) Certified Woman, Minority, and Veteran Owned Businesses (WMVB) At least one Collective Bargaining Agreement in place Stackable 10% Bonuses Available for the following Purchase equipment from a New Jersey Manufacturer.

(Equipment must be manufactured and/or assembled in NJ) Funding can only be used for the purchase and installation of (new and/or used) equipment used in the manufacturing process. The equipment must be located and installed at a New Jersey location.

Eligible capital assets shall include any form of manufacturing equipment, technologically advanced equipment or production/operating systems, including but not limited to robotics, additive manufacturing, hardware or software for digital twinning, advanced sensor or control systems, IIoT (interconnected sensors, instruments, and other devices networked together with computers’ industrial applications) systems and related security.

In addition, for profit and not-for-profit companies are eligible but home-based businesses are not eligible. The acquisition of eligible equipment as it relates to NJ MVP must executed at arm’s length. To be eligible for the Program: Applicant company must be in Targeted Industry or equipment must meet Advanced Manufacturing definition (list and definitions are included in the attached Targeted Industries document).

Company must obtain a Tax Clearance Certificate ( Note: Certificates may be requested through the State of New Jersey’s online Premier Business Services (PBS) portal . Under the Tax & Revenue Center, select Tax Services, then select Business Incentive Tax Clearance). Equipment must be located and installed at a New Jersey location.

Applicant company must provide a Purchase Quote, Order Proforma, and / or Equipment Listing. Note: projects where a contract has been signed, a Purchase Order placed, or a deposit made in advance of submitting an application WILL NOT be considered for funding. For-profit and not-for-profit companies are eligible, but home-based businesses are ineligible.

New and/or used equipment is eligible. Equipment must be used in the manufacturing process. Total aggregated project cost (equipment + installation) must be at least $25,000.

00. All contracts (including manufactures/supplier agreements) that are $2,000 or more and requires installation of equipment is subject to Prevailing Wage Law. Approved applicants must order/ purchase the specified equipment by no later than June 30th, 2023.

In addition to the eligibility parameters already stated above, the applicant must also be in substantial good standing with the New Jersey Department of Labor and Workforce Development (LWD) and NJ Department of Environmental Protection (DEP) at the time of approval to be eligible.

A current tax clearance will need to be provided prior to closing / grant agreement to demonstrate the applicant is properly registered to do business in New Jersey and in substantial good standing with the NJ Division of Taxation. Please be advised: New Jersey State law prohibits most cannabis license and certification holders from receiving or continuing to receive an economic incentive from the NJEDA.

If the applicant, or any person who controls the applicant or owns or controls more than one percent of the stock of the applicant, has applied for or received a license or a certification from the New Jersey Cannabis Regulatory Commission (NJ-CRC), the applicant is ineligible for this program and should not proceed with an application.

If an application is received from an applicant that meets this criteria, the application will be declined and the application fee will not be refunded. Grant awards will be 30% – 50% of eligible project cost (depending on stackable bonuses), with a minimum award of of $7,500 and maximum award amount capped at $250,000 per applicant.

Companies and organizations may submit multiple project applications, so long as the aggregate amount awarded to any one company doesn’t exceed $250,000 over the life of the program and total aggregated project cost is at least $25,000. The company will be allowed 12 months for the delivery and installation of the equipment with two 6-month extensions before the funds are disbursed.

One single disbursement of the award will occur upon receipt of proof of equipment delivery and installation. The final award amount will be determined based on the lesser of the following: The initial award amount. The total amount reflected in the final invoices, after verification of corresponding proof of payment.

There is a standard application fee of $1,000 per application.

Additionally, if, in any tax period within the first 3 years of an executed grant agreement, the company decides to leave the state, the authority will impose a scaled recapture of the award based on the scale below: 100% recapture of funds if company moves out of state within 1 year of an executed agreement 60% recapture of funds if company moves out of state within 2 years of an executed agreement 30% recapture of funds if company moves out of state within 3 years of an executed agreement Award Size and Distribution NJ MVP Phase 2 NJ MVP Phase 3 Sample of Final MVP ApPlication BOARD MEMO AND PRODUCT SPECIFICATIONS NJ MVP Program information slides Targeted Industry List and definitions NJ MVP Award Size Examples Pre-qualification document list instructions for obtaining tax clearance certificate Frequently Asked Questions Thank you for attending the informational webinar on Tuesday, November 22, 2022 at 11:00 .

A recording of the webinar can be accessed here . For more information or to ask a specific question, please send an email to NJMVP@NJEDA. COM and a team member will reach out to you.