New Jersey Food Desert Tax Credit Auction Offers Up to $25M

New Jersey Food Desert Relief Tax Credits

The New Jersey Economic Development Authority is moving forward with a Food Desert Relief Tax Credit Auction that can make up to $25 million in corporation business tax and insurance premiums tax credits available.

The program is tied to New Jersey's Food Desert Relief framework, which is meant to support access to grocery and supermarket resources in designated food desert communities.

Who Should Review It

This is most relevant for businesses, investors, supermarket operators, food access organizations, and advisors working on projects connected to New Jersey food desert communities.

Applicants and bidders should review NJEDA's official program page before treating the opportunity as a fit. The page links to program rules, FAQs, checklists, and application materials.

What To Check

Before preparing a submission, confirm:

• Whether the project or transaction aligns with a designated food desert community
• Which tax credit track applies
• Required documentation and checklists
• Current auction/application instructions
• Any updated deadline or submission window posted by NJEDA

How To Apply

Start with NJEDA's Food Desert Relief Supermarket Tax Credit Program page. Questions can be submitted to the program contact listed by NJEDA.

Sources:

• NJEDA Food Desert Relief Supermarket Tax Credit Program
• New Jersey Business Magazine coverage