The Urban Transit Hub Tax Credit (UTHTC) program provides tax credits equal to 100% of qualified capital investments made by businesses, developers, and tenants located within 1/2 mile of certain New Jersey transit hubs. Thirteen projects have been approved to date, representing over $747 million in tax credits that are projected to create over 2,200 new jobs and 7,800 construction jobs. The tax credits can be used by developers and tenants making a minimum $50 million or $17.5 million capital investment, respectively, and must employ at least 250 full-time employees, 200 of which must be new positions.