Applications for Phase 2 of the Small Business Emergency Assistance Grant Program will be available on June 9, 2020.
New Jersey Economic Development Authority (NJEDA) Small Business Emergency Assistance Grant Program – Phase 2 Notice of Funding Availability: Application will open at 9:00 am on Tuesday, June 9, 2020 (Revised as of June 5, 2020) Para ver esta información en español, haga clic aquí Overview UPDATE 5/22/2020: NJEDA will be providing an additional $5 million to fund waitlisted applicants.
Sole proprietorships or other companies with no full-time employees will receive the minimum grant amount ($1,000).Applications for the NJEDA’s Small Business Emergency Assistance Grant Program launched on April 3rd, 2020. Select a Page Funding is subject to Program Funds availability. Application should be completed by an Authorized Signer (owner, CEO, or similar level of officer) of … Businesses can now check Phase 2 Grant Application Status online. Public Information - Small Business Emergency Assistance Grant (Phase 2) Activity Report approved to date for assistance under the Small Business Emergency Assistance Grant Program (Phase 2).For businesses/non-profit organizations that have applied for the Small Business Emergency Assistance Grant Program (Phase 2), please check the status of your application at: There will be no application fee. NJEDA staff will process the applications on a first-come, first-served basis. The application period is now closed. Call 609-858-6767 or click below to have an NJEDA representative contact you. Applications for the expanded Small Business Emergency Assistance Grant Program Phase 2 [PDF] opened June 9, 2020, in both English and Spanish. NJEDA Small Business Emergency Assistance Phase 2 Grant Program Welcome This application is for the NJEDA Small Business Emergency Assistance Phase 2 Grant Program. To ensure that funding goes to businesses and communities that need it most, $15 million of Phase 2 … Applications will be reviewed based on first come, first submitted basis. As of May 22, 2020, NJEDA is providing an additional $5 million to fund waitlisted applicants.The grant program will provide funding as efficiently and quickly as possible to SMEs that are in need.
NJEDA will award $45 million in federal CARES Act funding to small businesses. To assist businesses with application preparations, translated copies of the application are available now in the following languages: NJEDA will award a total of $45 million in federal CARES Act funding to small businesses. Funding cannot be used for capital expenses, including construction.Businesses will receive $1,000 per full-time employee, (based on WR-30 filing). Please click here for a list of businesses and non-profit organizations approved to date for assistance under the Small Business Emergency Assistance Grant Program (Phase 2). The focus of this round of funding is on the smallest enterprises in industries that are among the most adversely impacted by the COVID-19 containment measures.The goal of the grants is to try to preserve the ability for SMEs to support and maintain a workforce during this containment period that is as close to pre-outbreak levels as possible.The Small Business Emergency Assistance Grant Program willGrant values are calculated at $1,000 per FTEs reported on business’ WR-30 filed with the New Jersey Department of Labor and Workforce Development.Total available funding of up to $5 million of which $3 million of the program funds will be set aside for SMEs with 5 or fewer FTEs.No fees will be collected by the authority for this program and funding will be fully disbursed as quickly as possible upon approval of grant application.What is the status of the NJEDA Small Business Emergency Assistance Grant Program? For businesses impacted by COVID-19, please dial toll free 1-844-965-1125 for information on available resources. To support the Governor’s commitment to diversity and inclusion, $15 million will be reserved for businesses in Opportunity Zone-eligible census tracts, $15 million of Phase 2 funding will be set aside to support qualified businesses Additionally, all NAICS code restrictions from Phase 1 of the grant will be removed for Phase 2.Reimburse revenue lost as a result of a business interruption caused by COVID-19.
Take advantage of all the Garden State has to offer. NJEDA staff will process the applications on a first-come, first-served basis. There is no application fee. Within an hour the program was oversubscribed; within a week the NJEDA received more than 30,000 applications.