Emerge is part of the suite of programs created under the Economic Recovery Act of 2020 to address the ongoing economic impacts of the COVID-19 pandemic and build a stronger, fairer New Jersey economy. Emerge will drive job creation by making per-job tax credits available to projects that create good-paying jobs in the State’s priority sectors. To ensure a strong return on investment for taxpayers, projects that receive Emerge credits will need to demonstrate a net positive economic benefit of at least 400 percent in most cases.
Draft Emerge Program rules are available now for review in advance of the Public Listening Sessions. Please see https://www.njeda.com/njeda_economic-recovery-act_emege-program-draft-rules-and-industry-definitions_04-01-2020_public/.
Public Listening Sessions are scheduled for:
- Thursday, April 8th, 2021 at 5:00 p.m.
- Monday, April 12th, 2021 at 3:00 p.m.
- Wednesday, April 14th, 2021 at 3:00 p.m.
Sessions are expected to last approximately two hours and can be accessed at tinyurl.com/xyr2k65r – Passcode: Emerge.
Members of the media interested in attending a session or submitting questions are asked to email [email protected].
Members of the public can also submit written feedback on the Emerge Program through the webpage www.njeda.com/EconomicRecoveryAct from April 5th through April 16th.
In addition to Emerge, the Economic Recovery Act creates a suite of programs that includes tax credits to incentivize job creation, new construction, and revitalization of brownfields and historic properties; financial resources for small businesses; support for new supermarkets and healthy food retailers in food desert communities; new funding opportunities for early-stage companies in New Jersey; and support for the growing film and digital media industry. The NJEDA plans to continue to engage the public as new programs as rules are developed. Members of the public are also encouraged to provide general written input on the new programs via the NJEDA’s online portal.
For more information and to provide written input on the design and implementation of Economic Recovery Act programs, visit https://www.njeda.com/economicrecoveryact/.