The New Jersey Economic Development Authority (NJEDA) opened applications Oct. 14 for film production facilities that wish to access a tax credit pool as part of the state’s efforts to encourage the development of large, long-term film production facilities in the Garden State.

The program, a complement to the New Jersey Film and Digital Media Tax Credit Program, will support projects led by studio and film-lease partners. The $200 million pool of money is intended to attract large production companies to New Jersey.

Studio Partner

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Lionsgate will be the anchor tenant of a new $125 million, 12-acre film and TV production facility in Newark. Click here to read more.

To be eligible for the Studio Partner designation, the applicant must be a production company that has site control of a production facility for at least 10 years that is at least 250,000 square feet. The site would also need to have to have at least preliminary site plan approval, an executed redevelopment agreement, or an adopted redevelopment plan that contemplates the construction of the production facility.

Following that designation approval, the applicant would need to be able to provide a temporary or permanent certificate of occupancy within 36 months.

There are only three Studio Partner designations, which are being awarded on a first-come, first-served basis.

Film-lease Partners

To be eligible for the Film-lease Partners designation, production companies must have a Letter of Intent or other site control documentation for a facility of at least 50,000 square feet for a term of at least five years. The applicant must also commit to spending an average of $50 million in qualified film production expenses over the commitment period.

There are no restrictions on the number of companies that can receive that designation.

Full program details with the application can be found here.