The N.J. Economic Development Authority will begin taking applications for phase III of its highly popular and effective Manufacturing Voucher Program on Feb. 19.
The program, which provides grants of up to $250,000, aims to assist manufacturers in the purchase and installation of equipment to help enhance the company’s efficiency and productivity.
Here’s how it works: Phase III will provide vouchers valued at 30 to 50 percent of the cost of eligible equipment.
And to ensure equitable access to funding, please note that Phase III applications will be prioritized for new applicants who have not previously been awarded grants under Phase I or Phase II during the initial two-week application period.
Following this period, all eligible businesses will have the opportunity to apply for funding, subject to available resources.
Applications will open at 10 a.m. on Feb. 19. For more information and to apply, click here.
