NJ RISE Program
The NJ RISE Program by the New Jersey Economic Development Authority funds businesses to move New Jersey resident employees from out-of-state locations back to New Jersey, increasing state tax revenue.
Funder: New Jersey Economic Development Authority
Due Dates: July 1, 2028
Funding Amounts: Up to $500,000 per business (per EIN); total program funding up to $10 million per fiscal year.
Summary: Incentivizes businesses to re-assign New Jersey resident employees working out-of-state back to New Jersey, increasing state tax revenue.
Key Information: Applications accepted on a rolling basis until funding is exhausted; strict eligibility and documentation requirements apply.
Description
The NJ RISE Program, administered by the New Jersey Economic Development Authority (NJEDA), is a pilot grant initiative designed to encourage businesses principally located outside New Jersey—particularly in states with "convenience of the employer" income tax rules (e.g., Delaware, Nebraska, New York)—to re-assign their New Jersey resident employees to work at New Jersey-based locations. The program aims to boost New Jersey's tax revenue by ensuring these employees' income taxes are paid to New Jersey rather than another state. Grants are awarded based on the gross income tax withholdings of the re-assigned employees during one tax year, with a maximum cap per business.
