Governor Murphy Signs Bipartisan Legislation to Strengthen New Jersey’s Manufacturing Industry

August 13, 2025 | nj.gov

Governor Phil Murphy today (8/13) signed A5687/S4407, creating a new $500 million tax credit program that incentivizes manufacturing investment and job creation. The Next New Jersey Manufacturing Program, which will be administered by the New Jersey Economic Development Authority (NJEDA), will encourage growth in New Jersey’s manufacturing sector by offering long-term benefits to manufacturing companies.

Read More: Click Here

NJ SEED: Bringing manufacturing back to the United States is an important national goal. The new incentives enacted by NJ are an important step to attract more industries to make the Garden State home.