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Bill to Establish Loan Program for NJ Wineries Signed by Governor

February 11, 2019

The law directs the EDA to establish, in consultation with the state Department of Agriculture (NJDA), a loan program and application process for the purpose of providing loans to eligible vineyards or wineries to pay for qualified capital expenses. The term "qualified capital expenses" is defined in the law to mean expenditures made by an eligible vineyard or winery to improve or purchase land, and to acquire or modernize infrastructure, machinery, and equipment.