NJEDA Accepting Applications for Next NJ Program – AI

On Jun 24, 2025

Applications for the New Jersey Economic Development Authority’s (NJEDA) Next New Jersey Program – AI are now open. The program is geared toward driving economic growth, collaboration, and the development of AI infrastructure across the state by providing tax credits to eligible businesses investing in large-scale AI data centers and companies engaging in AI-related activities.

The $500 million allocation to the program will provide tax credits to eligible businesses to engage in building and fostering New Jersey’s fast-growing AI ecosystem.

The program will be open to businesses or divisions primarily engaged in the AI industry or the large-scale AI data center industry. Businesses must commit to creating at least 100 new eligible full-time jobs and meet a minimum capital investment of $100 million to be eligible for tax credits. Additionally, the program requires that the business enter into a collaborative relationship with a New Jersey-based public or private research university, technology startup, incubator, accelerator, or similar entity.

Applications for the Next New Jersey Program – AI are open. For more information, and to apply, visit https://www.njeda.gov/nextnjai/.

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