Wineries and Vineyards

About this funding opportunity

Open in new Tab WINERIES AND VINEYARDS

Eligible New Jersey wineries and vineyards can now access financing through the NJEDA.

Wineries and Vineyards may be eligible to receive NJEDA financing through the following products

Premier Lender Program

Direct Loans

Small Business Fund PROGRAM DETAILS ELIGIBILITY

PROGRAM DETAILS

Wineries and vineyards can use NJEDA financing for the following qualified capital expenditures.

Barrels & bins Fermenters Presses Canopy Management Machines Fertilizer and soil amendments Pumps Chemicals Filters Refractometers Corkers Fruit plants & harvesters Seeders Crushers Hoses and Irrigation equipment Soil Deer Control Fencing Lugs Tanks Destemmers Mowers Tractors Equipment Poles and Posts Vats and wine tanks

ELIGIBILITY

Wineries:

Must be commercial farms where the owner or operator of the commercial farm has been issued and is operating in compliance with a plenary winery license or farm winery license pursuant to R.S.33:1-10.

Vineyards:

Must consist of at least one contiguous acre dedicated to the growing of grapes or other fruit that are used or are intended to be used in the production of wine by a winery as well as any other plants or other improvements located thereon

Please be advised: New Jersey State law prohibits most cannabis license and certification holders from receiving or continuing to receive an economic incentive from the NJEDA. If the applicant, or any person who controls the applicant or owns or controls more than one percent of the stock of the applicant, has applied for or received a license or a certification from the New Jersey Cannabis Regulatory Commission (NJ-CRC), the applicant is ineligible for this program and should not proceed with an application. If an application is received from an applicant that meets this criteria, the application will be declined and the application fee will not be refunded.

PREMIER LENDER PROGRAM

The New Jersey Economic Development Authority (NJEDA) wants to ensure that New Jersey businesses have the resources necessary to expand and that our communities have a healthy climate for growth. That’s why we partner with banks to overcome the financial obstacles that can stall the growth and expansion of New Jersey-based businesses.

If your winery or vineyard is discussing potential financing with one of 26 NJEDA’s Premier Lender banks, NJEDA’s participation or guarantee of a portion of the financing can lower the cost of borrowing for your business.

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ACCESS

Access is a pilot lending program that provides financing to small businesses in New Jersey, either in the form of direct loans through NJEDA, or through loan participations or guarantees in partnership with an NJEDA Premier Lender.

Access is different from other NJEDA financing programs in that it provides greater flexibility to borrowers by placing greater emphasis on the borrower’s cash flow and less emphasis on hard collateral

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DIRECT LOAN / SMALL BUSINESS FUND

New Jersey businesses in need of financing and committed to job creation/retention may be eligible for direct loans through the NJEDA when conventional financing is not available. Creditworthy small, minority-owned or women-owned businesses in New Jersey that have been in operation for at least one full year and may not have the ability to get bank financing, or not-for-profit corporations that have been operating for at least three full years, may be eligible for assistance under the Small Business Fund

More Information PROGRAM GUIDE Program Details Eligibility

Premier Lender Program Direct loan Small Business Fund QUESTIONS

A2A

1

Topic areas: Agriculture and Food, Circular Economy and Sustainability.

Funding amount

This grant provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Wineries and Vineyards is administered by New Jersey Economic Development Authority (NJEDA), listed via New Jersey Economic Development Authority.