NJ Manufacturing Voucher Program Public Webinar
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.
Learn how your manufacturing business can apply for grants ranging between $7,500 and $250,000 through the upcoming New Jersey Manufacturing Voucher Program (NJMVP). Funding can be used to purchase equipment needed to improve operations. The NJMVP is designed to increase manufacturing production in New Jersey. The NJMVP will offer stackable bonuses for certified woman-, minority-, or veteran-owned businesses, businesses in Opportunity Zones, and businesses purchasing manufacturing equipment in New Jersey, as well as bonuses for companies that have a collective bargaining agreement in place.
Applications are scheduled to open in December 2022.