Applications open for $1.1B corporate tax break program May 27, 2021 2:49 pm The New Jersey Economic Development Authority is opening applications for a massive corporate tax break program meant to act as the cornerstone for the state’s post-COVID economic recovery Called NJ Emerge, the program is capped at $1.1 billion a year for six years, with a seventh potential year for any unused tax credits. It’s meant to incentivize employers to remain in the state, or set up shop here in New Jersey. An accompanying program is being finalized by the NJEDA called NJ Aspire, also capped at $1.1 billion a year and geared toward real estate and community development.