The New Jersey Innovation Evergreen Fund (NJIEF) tax credit auction information session is to be held this Thursday, June 16th, at 9:30 a.m. at the New Jersey Economic Development Authority’s (NJEDA’s) North Brunswick office.
Evergreen is a newly created program from the Economic Recovery Act that offers the sale of up to $60M of tax credits by the State for each of the next five years to large corporations in NJ. They’re purchase at a price as a low as 75% of face value will help them offset their tax credit liability at a discount – as well as, enable the State to help promote their strategic efforts here.
This session, which is geared toward professional service providers and potential tax credit purchasers, will highlight the structure of the program, the benefits to corporations, the process to apply, and post-approval compliance requirements. Our goal with this session is to help make the application as accessible to you as possible.
We encourage you to attend to learn how to access this novel program that will benefit New Jersey corporations through participation in the upcoming tax credit auction. Auction participation will enable corporations to purchase discounted tax credits and promote their strategic engagement and innovation objectives in the State.
We ask you register no later than Tuesday morning to ensure an accurate headcount here.
Please submit any questions you have for discussion in advance via: NJIEF@njeda.com.
Please join the NJEDA in person in North Brunswick on June 16th from 9:30 a.m. – 10:30 a.m. for a New Jersey Innovation Evergreen Fund (NJIEF) tax credit auction information session.
For those unable to attend in person, there will be a virtual information session on June 28th from 9:30 a.m. – 10:30 a.m. Please register by June 20th for the virtual information session here.