LYNDHURST, NJ – The New Jersey Economic Development Authority (NJEDA) announced the expansion of the New Jersey Zero Emission Incentive Program (NJ ZIP) to support businesses and institutions that purchase new, zero-emission medium and heavy-duty trucks operating in the state. in New Jersey. Last week, the NJEDA Board of Directors approved a $45 million expansion through the Regional Greenhouse Gas Initiative (RGGI) allocation, doubling funding for the program.
In addition to increased funding for the program, the NJEDA Board also approved two major eligibility changes from the previous phase — expanding eligibility to include heavy truck classes and expanding statewide beyond the four pilot communities in the first phase.
NJEDA Chief Executive Officer Tim Sullivan joined Vanessa and Luis Abad outside the offices of the New Jersey State Hispanic Chamber of Commerce (SHCCNJ), which was instrumental in promoting the pilot to business owners, to announce the program expansion. The Ridgefield Park-based Abads’ business, ENAT Transportation & Logistics, was one of the first businesses approved for support under the program. Abads and Sullivan, along with GreenPower Motor Company Regional Sales Manager Larry Sharp, placed “Powered by NJ ZIP” bumper stickers on four of the zero-emission midsize electric vehicles sponsored by NJ ZIP. GreenPower Motor Company is an authorized dealer under the NJ ZIP where ENAT Transportation & Logistics purchases vehicles.
As of last month, NJEDA has approved 144 NJ ZIP applications totaling $32.2 million in vouchers for zero-emission medium-duty trucks, with more still pending. NJEDA expects the expansion of the program to allow 200 to 400 additional checks to be issued. More than 90 percent of businesses approved to date are small businesses, and approximately 57 percent are owned by minorities and/or women. The vehicles supported through the program so far are expected to result in a reduction of more than 6,500 short tons of annual carbon emissions in the communities where they operate.
“More than 40 percent of New Jersey’s carbon emissions are produced by vehicles, so helping small businesses transition to zero-emission technology is a key step in accelerating Governor Phil Murphy’s efforts to improve air quality and create economic opportunity across the state,” Sullivan said. “Small businesses participating in the program are poised to benefit from electric vehicle ownership by modernizing their fleets with eco-friendly, state-of-the-art vehicles that not only reduce fuel costs and require less maintenance, but also reduce their harmful impact on the environment. Transportation emissions in communities in New Jersey.
ENAT Transportation & Logistics, one of the first NJ ZIP awardees to purchase the vehicles, plans to transition its entire commercial fleet to electric vehicles over the next five years and is currently working with Bergen Community College to serve as a home location. their zero-emission vehicles as part of the Bergen Community College Business Accelerator program.
“The NJ ZIP is a fantastic resource for small businesses like mine to go electric as we strive to reduce our carbon footprint, and the added bonus it gives is that women-owned minority businesses like mine can thrive,” she said. Bad. “The additional $40,000 bonus we received for being a minority and women-owned small business allowed us to compete with other transportation companies in a traditionally male-dominated industry.”
“NJ ZIP offers New Jersey businesses, particularly underserved communities, a clear and accessible way to purchase and operate electric vehicles,” said Sharp. “GreenPower Motor will continue to deliver some of the first commercial electric vans and trucks to New Jersey businesses that are taking bold steps to combat climate change by reducing their carbon footprint. We look forward to continuing to provide future buyers with zero-emission vehicles through the NJ ZIP program.”
Another small business that recently received support from the NJ ZIP is Camden County-based Juan Kelmy Productions, LLC. Based in Sicklerville, this minority-owned small business is an event photography, marketing and web design company serving the tri-state area.
“Our company is honored to be the recipient of NJ ZIP’s electric vehicle vouchers that will support our daily business operations,” said Juan Martinez, Owner of Juan Kelmy Productions. “Funding from this program furthers our commitment to clean energy initiatives that contribute to our zero-emissions goals for the transition to new electric vehicles.”
“NJDEP is pleased to partner with NJEDA to further reduce greenhouse gas emissions that contribute to global warming and climate change in our state,” said New Jersey Department of Environmental Protection (NJDEP) Commissioner Shawn LaTourette. “Since New Jersey’s transportation sector is the largest source of these emissions, the NJ ZIP expansion is an important step forward. Such partnerships also demonstrate the strength and power of collaboration between government agencies. NJ ZIP supports small businesses to help transition their current vehicle fleet to zero-emission alternatives, protect the environment, improve public health, and advance our environmental justice and clean energy goals.
In addition to expanding program funding, NJEDA will also seek to identify a New Jersey university partner to provide technical assistance as part of the NJ ZIP program. This assistance will provide critical guidance to small businesses applying for zero-emission vehicle vouchers.
NJEDA expects applications to open in the coming months, including applications for facilities in newly eligible areas of the state. Vouchers will be awarded on a first-come, first-served basis. More information about NJ ZIP, including all compliance requirements for sellers and buyers, is available at https://www.njeda.com/njzip.
About New Jersey’s Regional Greenhouse Gas Initiative (RGGI).
In 2020, NJEDA, along with NJDEP and NJBPU, released the State’s first Regional Greenhouse Gas Initiative (RGGI) Strategic Funding Plan. The plan identified four initiatives in which the Agencies would invest the proceeds from the RGGI auction for 2020-2022. The NJ ZIP is funded by revenues allocated by the RGGI to the NJEDA in an effort to reduce harmful emissions, particularly in communities disproportionately affected by transportation. emissions and creating economic opportunities within the state.
About the New Jersey Economic Development Authority
The New Jersey Economic Development Authority (NJEDA) serves as the state’s primary economic growth agency. NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and create pathways to a stronger and fairer economy. Through partnerships with a variety of stakeholders, NJEDA creates and implements initiatives to enhance economic vitality and quality of life in the state and strengthen New Jersey’s long-term economic competitiveness.
Courtesy NJ ZIP, New Jersey Economic Development Authority (NJEDA)
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