New Jersey Stories and Impact

State Fact Sheet

Note: the jobs totals in this fact sheet are through 2015 and they include a combination of direct, indirect, and induced FTE jobs and construction jobs. The “total investment” number refers to the total project investment (not NMTC allocation) in the state through the second quarter of 2020.

The NMTC programs help create sustainable social and economic impact for communities representative of the community I was born and raised in the Bronx. Also, it is a unique opportunity for MBE firms like mine to “do good and well” based on our knowledge of the industry and our knowledge of the markets we serve.

-Jeffrey Monge, Managing Partner, Monge Capital, Newark, NJ Tweet This

Community Testimonials​

Jeffrey Monge, Managing Partner, Monge Capital, Newark, NJ

The NMTC programs help create sustainable social and economic impact for communities representative of the community I was born and raised in the Bronx. Also, it is a unique opportunity for MBE firms like mine to “do good and well” based on our knowledge of the industry and our knowledge of the markets we serve.

New Jersey NMTC Videos

New Jersey NMTC Stories

2020
CompleteCare Health Network’s new 29,301 sq. ft. location, housed in downtown Bridgeton, NJ, will combine two current Bridgeton-based CompleteCare locations into one, as well…
2020
Financing for an operating business, Paterson Habitat for Humanity, to faciltate the construction of scattered site, for-sale affordable housing….
2020

Camden, NJ 

NMTC allocation for the renovation and equipment purchase to transform a vacant commercial building into an industrial laundry processing facility. The laundry facility provides…
2020
The Makerhood Campus is a combination of historic renovation and new construction meant to encourage and support entrepreneurial endeavors and micromanufacturing enterprises. The Campus…
2015
Industrial facility anchored by fresh food grower and distributor: ;AeroFarms, a mission-driven company, developed a 69,000 square-foot industrial site into the world’s largest indoor…
2012

Vineland, NJ 

Bottino’s ShopRite in Vineland, the family-run grocery chain that included a community health clinic….
2018

Plainsfield, NJ 

Early childhood educational and community center expands educational opportunities for Plainfield children….
2015

Perth Amboy, NJ 

Adler Development, LLC renovated a 109,720 sqft warehouse that was severely damaged by Hurricane Sandy on October 29, 2012….
2016
Renovation and expansion of two Boys and Girls club facilities….
2016

Paterson, NJ 

This project provided financing for Accurate Box, a manufacturer of boxes and a family, women-owned business with a commitment to one of the poorest…
2013

Newark, NJ 

NMTC financing supported the rehab and new construction of two modern, mixed-use buildings in order to retain and attract tenants that provide diverse services…
2020

Newark, NJ 

The new home of nonprofit art organizations and affordable studio space for local makers and artists. …
2012
The $64 million Halsey Street Workforce Housing project was the second phase of a larger Teachers Village development designed to revitalize downtown Newark, one…
2018
Halsey Street Teachers Village Workforce Housing Project B, the last phase of larger development known as Teachers Village in downtown Newark, New Jersey. This…
2015
The historic Hahne & Company Department Store building (‘Hahne’s’) on Broad Street in downtown Newark, New Jersey, once stood as an emblem of the…
2013
One phase of a 180,000 sq.ft. food processing and distribution project with this phase consisting of 90,000 sq. ft….
2007
Financing for a much-needed childcare center in Neptune, NJ….
2016
A new facility to house the expansion of Cumberland County College’s arts and business education programs…
2015
NMTC financing supported the creation of the Spruce Street Community Center, a 35,000 sq. ft. multi-purpose facility open to any youth in greater Mercer…
2019

Hamilton Township, NJ 

NMTC financing supported the renovation of a portion of a historic former mill building (Condominium Units A and A1), located at 1 North Johnston…
2011

Hackensack, NJ 

Invests in solar for community action agencies and nonprofits, saving them on utilities….
2011
The Elizabeth Branch impacts the community it serves by nurturing the potential of every child, teaching the importance of spirit, mind, and body to…
2012

Camden, NJ 

Development of cancer treatment facility and leasing to affiliate….