The New Jersey Economic Development Authority is accepting applications for its Technology Business Tax Transfer Certificate Program, allowing unprofitable New Jersey-based technology or biotechnology companies to raise cash by selling state net operating losses (NOLs) and research and development tax credits to unaffiliated New Jersey businesses for at least 75 percent of their value. The raised funds can be used for growth and operations, either as working capital, or to fund research.
A free workshop on the program is being offered on Wednesday, April 16, at 2 p.m. at the EDA’s headquarters at 36 West State Street in Trenton. Call 609-292-0276 for more information.
Applications for the program are due by Monday, June 30, and are available at www.njeda.com.