New Jersey’s New Manufacturing Voucher Program (“MVP”)

New Jersey has commissioned its’ new Manufacturing Voucher Program (“MVP”).

The program provides grants to New Jersey based manufacturers for the purchase of equipment needed to utilize and integrate advanced technologies into the manufacturing process. Grants range from 30-50% of the cost of the equipment that is available, up to a maximum of $250K per company.

To qualify for “MVP,” companies must:

  • be located in New Jersey,
  • engage in “Advanced Manufacturing,”
  • be in good standing with the New Jersey Division of Taxation and the Department of Labor, and
  • purchase at least $25K worth of equipment

“MVP” hopes to build on the strong momentum of New Jersey’s manufacturing sector.

For more information, please contact Matthew McCullough, Senior Tax Controversy Manager at mmccullough@grassicpas.com.

 


Matthew McCullough Matthew McCullough, EA is a Tax Controversy Senior Manager at Grassi. He works across a variety of industries including but not limited to Construction, Architecture & Engineering, Manufacturing & Distribution, Real Estate, and Not-For Profit. Matthew is proficient in tax audits for the IRS, New York State, New Jersey, Connecticut, California, Florida, Texas, and many others. His areas of specialty include sales tax audits,... Read full bio

Categories: Advisory