NJ State Offers Grants up to $250K for Manufacturing Businesses


NJ manufacturers can apply for grants ranging between $7,500 and $250,000 through the upcoming New Jersey Manufacturing Voucher Program (NJMVP). Successful applicants can use their grant funding to purchase equipment needed to improve or expand operations.

Pre-qualification applications are open now and due December 22nd, 2022 at 11:59 p.m. Those who do not prequalify will not be eligible to submit a full application.

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.

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.  For more information visit the NJ Economic Development Authority (NJEDA) here.


Announcement via the NJEDA

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