August 19, 2024

The Rundown of New Jersey’s New AI Infrastructure Tax Credit Program

by: Align

Looking to Build a Data Center?

Now may be the time, especially if you are located in New Jersey. 

Learn more about this new legislation and how Align can help in our latest blog!

New Jersey is taking a bold step to position itself at the forefront of artificial intelligence innovation: Governor Phil Murphy recently signed legislation establishing the Next New Jersey Program, an initiative designed to attract investment and spur growth in the state's AI sector.

The program, which will be administered by the New Jersey Economic Development Authority (NJEDA), offers tax credits to eligible businesses engaged in AI-related work or large-scale AI data centers. At Align, we have delivered large AI projects for a number of clients, making us an ideal partner for those looking to take advantage of these incentives. 

Key Points of the Next New Jersey Program:

  1. Tax Incentives: Eligible AI businesses can receive tax credits to support their growth and development in New Jersey.
  2. Broad AI Focus: The program covers a wide range of AI activities, including:
    • Creating AI-powered software and hardware products
    • Large-scale artificial intelligence data centers
  3. Economic Growth: The initiative is expected to unlock access to capital for New Jersey's innovators and entrepreneurs, fostering a strong AI ecosystem in the state.
  4. Infrastructure Development: The program ensures that AI companies have access to the necessary infrastructure for cutting-edge developments.

The program represents a significant opportunity for AI companies considering expansion or relocation. As these businesses look to take advantage of the state's incentives, they'll need to consider the infrastructure required to support advanced AI operations.

Data centers optimized for AI workloads will play a crucial role in this expansion. 

Consider Partnering with Align for your AI Data Center Project in New Jersey.

Align, with offices in New Jersey and New York, has extensive experience in designing, building, and retrofitting AI-enabled data centers in the area,  and is well-positioned to support this growth.

Align's expertise in this area includes:

With over 20 years of experience and more than 325 megawatts of data center space delivered globally, Align brings valuable insights to the table. Our track record includes designing and implementing over 1.8 million square feet of production-ready data center space, making us a knowledgeable partner for AI companies looking to establish or expand their presence in New Jersey.

"AI workloads are complex and demanding, and having the right data center infrastructure is crucial," added Rodney Willis, VP of Sales and Sourcing. "Our team's expertise in critical facility assessments, custom designs, and rapid deployment solutions ensures that AI companies can hit the ground running in New Jersey.”

As New Jersey's AI sector expands under the Next New Jersey Program, partnerships between innovative AI companies and experienced data center solution providers like Align will be key. Contact Align today to learn how our local NJ data center experts can support your AI initiatives. Our team is prepared to help you design, build, and optimize the infrastructure you need to thrive in New Jersey's growing AI ecosystem.


Ready to discuss your next data center project? 

Click here to learn more about Align or contact us to get started.

Align is a premier global provider of technology infrastructure solutions. For 36 years, leading firms worldwide have relied on Align to guide them through IT challenges, delivering complete, secure solutions for business change and growth. Align is headquartered in Dallas, Texas and has offices in New York City, London, Chicago, San Francisco, Arizona, New Jersey, and Virginia.

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