Net Operating Loss Program

Gov. Mikie Sherrill gives her first Budget Address in the Assembly Chambers of the State House in Trenton on March 10, 2026.
Jun 24, 2026

OPINION: Sherrill’s 1st budget delivers for small businesses

Clinton Mayor Janice Kovach says Gov. Mikie Sherrill's first budget lowers business costs and protects small-business tax relief.

New Jersey dollars
May 19, 2025

Exclusive: Study finds NOL program fuels $28B in economic impact

The assessment of the New Jersey Economic Development Authority’s Net Operating Loss Program also found that the initiative has helped nearly 600 tech firms grow since 1999.

Jun 3, 2024

NJEDA awards $68M to 34 early-stage companies through NOL program

The program offers innovative businesses the opportunity to sell a percentage of their net operating losses and unused research and development (R&D) tax credits to unrelated profitable corporations for cash.

Money
May 3, 2023

NJEDA opens 2023 NOL program application

The $75 million initiative offers the opportunity for early-stage tech and life science businesses to sell a portion of their net operating losses and unused research and development tax credits to corporations for cash.

Research lab
Oct 12, 2022

24 early-stage NJ companies to receive $75M from NOL Program

The NJEDA initiative allows participants to sell their New Jersey net operating losses and unused R&D tax credits to corporations for cash.

May 3, 2022

NJEDA opens 2022 Net Operating Loss Program application

Since its inception in the late 1990s, the program that allows state technology and life sciences companies to sell their net operating losses and unused R&D tax credits has distributed over $1.126 billion to more than 570 such entities.