New Jersey Studio Partners are any film production company that has made a commitment to produce films in NJ and has developed, purchased, or executed a 10-year contract to lease a production facility of at least 250,000 square feet as a “transformative project.” Additionally, prior to approval, the production facility site would need 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 and, following designation approval, be able to provide temporary or permanent certificate of occupancy for the facility within 36 months. The major perk of this program is that compensation for writers, directors, including music directors, producers, and performers are allowed to constitute qualified film production expenditures: up to $15,000,000 in the aggregate when production incurs between $15,000,000 and $50,000,000 in qualified production expenses; up to $25,000,000 in the aggregate when production incurs between $50,000,000 and $100,000,000 in qualified production expenses; up to $40,000,000 in the aggregate when production incurs between $100,000,000 and $150,000,000; and up to $60,000,000 in the aggregate when production incurs more than $150,000,000 in qualified production expenses. The state only allows for three such partners at a time on a first-come-first served basis. 

New Jersey Film-Lease Partners are any company that has made a commitment to lease or acquire a New Jersey production facility with an aggregate square footage of at least 50,000 square feet for a period of 5 or more successive years and agrees to spend an annual average of $50,000,000 million in qualified production expenditures over 5-10 years.