NJEDA Food Desert Relief Tax Credit Auction

New Tax Credit Opportunity

Press Release: NJEDA to Launch $10M Food Desert Relief Tax Credit Auction

The application for the auction will open on
September 18 at 10:00 a.m. and close on October 18 at 5:00 p.m.

This fall, NJEDA will auction Corporation Business Tax and Insurance Premiums Tax credits at a discount of up to 15%! This Auction is open to any business with NJ Corporation Business Tax or Insurance Premiums Tax Liability of $500,000 or more (no restrictions on industry or NJ location).

The Food Desert Relief Tax Credit Auction (FDRTC Auction) will raise funds for future grants, loans, and/or technical assistance programs to support food security. Funds raised will help increase access to nutritious food for the 1.5 million residents of New Jersey’s 50 designated Food Desert Communities, which span a diverse range of communities across all the state’s counties.

This informative webinar will explain the structure, eligibility criteria, application requirements, and bid review process for this auction.

Join this webinar to see whether there’s an ROI for you in the FDRTC Auction.

Meet Our Featured Speakers

Riley Edwards Team Lead, Economic Security Projects, NJEDA

Brian Todd Senior Advisor, Food Desert Relief, NJEDA

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