ON3 is entitled to participate in the Grow NJ Assistance Program, a powerful job creation and retention incentive program designed to strengthen New Jersey’s competitive edge. Companies that create jobs in New Jersey are eligible for a potential benefit ranging from $7,000 to $10,750 per employee per year in tax incentives.

At a 200 square feet per employee space metric, this tax incentive could provide approximately $35.00 PSF–$53.75 PSF in savings per year.


tax credit per new job per year


potential occupancy cost savings per annum

Grow NJ Award Potential
Per New Job
Qualified Site Base Credit
Qualified Site Bonus Credit: Building w/more than 1 mm sq.ft. of office/lab space vacant for more than 1 year
Qualified Site Bonus Credit:Transit Oriented Development *
Other Eligible Bonus Credits
Per New Job
Median salary in excess of county's existing median
Large Numbers of new and retained full-time jobs: 250–1,001+
Business in a targeted industry: transportation, defense, energy, life sciences, logistics, technology, health, finance, manufacturing
Exceed LEED “Silver” or completes substantial remediation
Total Grow NJ Award per New Job, per Year up to 10 Years
Total Grow NJ Award per Retained Job—the lesser of:
1/10 of the Capital Investment or 50% of the New Job Award
* availability limited depending upon application date