N.J. Admin. Code § 19:31A-1.2

Current through Register Vol. 56, No. 12, June 17, 2024

Section 19:31A-1.2 - Eligibility standards

(a) Generally, preference for guarantees is given to projects which:

1. Are job intensive;

2. Will create or maintain tax ratables;

3. Are located in an economically distressed area; and/or

4. Represent an important economic sector of the State.

(b) For fixed asset financing guarantees, the applicant will be required to invest at least 10 percent equity into the project.

N.J. Admin. Code § 19:31A-1.2

Recodified from 19:31-2.2 56 N.J.R. 807(a), effective 5/6/2024