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Atlantic County
New Jersey

Economic Development

1333 Atlantic Avenue
Atlantic City, NJ 08401
609-343-2223
info@acbiz.org

 

Incentive Programs

Destination Atlantic City - An Unprecedented Market for Developers and Investments

Browse a listing of economic development organizations in Atlantic County.

Economic Organizations

Are you currently doing business in New Jersey? Interested in making a move here? Learn about the many financing and incentive programs available to New Jersey businesses at the State of New Jersey Business Portal, a one-stop shop for business. Visit this web site for more details: www.nj.gov/njbusiness/financing

Highlights

Grow New Jersey Assistance Program (Grow NJ)
Grow NJ is a powerful job creation and retention incentive program designed to be competitive with surrounding states programs. A qualified business could see tax credits ranging from $500 to $5,000 per job, per year. Visit this web site for more details: http://www.njeda.com/financing_incentives/programs/grow_nj

Economic Redevelopment and Growth Program (ERG)
This program is an incentive for developers and businesses to address revenue gaps in development projects. Residential and commercial projects could see assistance of up to 20% of the total project cost. Visit this web site for more details: http://www.njeda.com/ERG

Urban Enterprise Zone Program (UEZ)
This program is currently available to businesses located in Pleasantville, Atlantic County. Businesses can benefit from reduced sales tax to 3.5%, tax-free purchases on capital equipment/ expansions and financial assistance from agencies such as the New Jersey Economic Development Authority. Visit this web site for more details: http://www.nj.gov/dca/affiliates/uez/

The 108 Loan and Micro Loan Program (ACIA)
Administered by the Atlantic County Improvement Authority, these programs are open to businesses located in municipalities that participate in the Community Development Block Grant as well as Atlantic City. The Micro Loan Program offers loans between $1,000 and $35,000 to start-up businesses that meet the HUD criteria of low to moderate income. The 108 Loan Program can provide for-profit businesses with loans up to 40 percent of the project cost. Visit this web site for more details: http://atlanticcountyimprovementauthority.org/Main/business-loan-programs.asp

NJEDA Site Evaluator tool - Evaluate potential business locations in NJ and get information associated with the Economic Opportunity Act of 2013.

NJ Economic Development Authority - Financing and Incentives

On-the-Job Training (OJT) Wage Reimbursement Program

  • Program A: Employers are eligible for up to a $4,000 wage reimbursement for a specific occupational title over a period of time.
  • Program B: Employers are eligible to collect up to 100% of the commensurate wage for a specific occupational title over a period of time. The wage must pay $7.25 per hour and be full-time. The employer must hire and train participants enrolled in a subsidized employment program.
  • Program C: Employers are eligible for 50% of the commensurate wage for four to 26 weeks. The wage must pay $8.50 per hour and be full-time. The employer must hire a participant receiving General Assistance (GA) or Supplemental Nutritional Assistance Program (SNAP).
  • Program D: Employers are eligible for up to 100% of the commensurate wage for the first 13 weeks and 50% for the remaining 13 weeks. The wage must pay $8.50 per hour and be full-time. The employer must hire a participant receiving Temporary Assistance for Needy Families (TANF).

Casino Reinvestment Development Authority (CRDA) Regulations and Guidelines - Project funding for Atlantic City based development. Funds can be used for construction, rehabilitation, acquisition and professional fees. The CRDA can provide both construction and permanent financing.

 

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