$20 Million Dollar New Grant Program for New Jersey Manufacturers
By Russ Faye, Partner
The New Jersey Manufacturers Voucher Program (“MVP”) which was Announced by NJ Governor Murphy’s office on October 17, 2022, aims to provide the state’s manufacturers with funding to access the equipment they need to grow operations, increase profits and enter emerging industries.
The $20 million pilot program offers NJ manufacturers grants ranging from 30% to 50% of the cost of eligible equipment, including installation, up to a maximum award amount of $250,000...
