The New Jersey Economic Development Authority (NJEDA) announced $50 million in new funding and broader eligibility criteria for the Small Business Emergency Assistance Grant Program. NJEDA staff will process the applications on a first-come, first-served basis. There will be no application fee. The application period is now closed. The minimum grant amount, per application, is $1,000. A sample application that business owners can use to prepare is available in English, Spanish, and ten additional languages at To support the Governor’s commitment to diversity and inclusion, $15 million will be reserved for businesses in Opportunity Zone-eligible census tracts. Since the NJEDA announced the program, Ocean, Essex, and Passaic Counties each contributed $10 million in CARES Act funding to support grants for businesses in those specific counties. To comply with duplication of benefits provisions within the Stafford Act, all applicants will also be required to fill out an affidavit identifying all funding previously received related to COVID-19, including Small Business Administration loans and grants, forgivable portions of Payroll Protection loans, and Economic Injury Disaster grants.Want to grow your business? Applications for the expanded Small Business Emergency Assistance Grant Program Phase 2 will be available at 9:00 a.m. on June 9, 2020 in both English and Spanish. Within an hour the program was oversubscribed; within a week the NJEDA received more than 30,000 applications. SBA's funding is not an endorsement of any products, opinions, or services. Take advantage of all the Garden State has to offer. Businesses can now check Phase 2 Grant Application Status … Under the Small Business Emergency Assistance Grant Program – Phase 2, SMEs that were approved for grant funding in the initial phase of the program with 5 or fewer FTEs, will not be … All SBA funded programs are extended to the public on a nondiscriminatory basis. The deadline extension will ensure these funds are used to their full potential by providing additional time for businesses to apply for grants. Applications & Forms. UPDATE 5/22/2020: NJEDA will be providing an additional $5 million to fund waitlisted applicants. Select a Page. The NJEDA is committed to creating an environment where small businesses can thrive, and has a dedicated team that works closely with New Jersey’s entrepreneurs and small businesses, with a focus on more comprehensively assisting historically underrepresented firms and underserved communities. Funding is subject to Program Funds availability. “Setting aside a portion of Small Business Emergency Assistance Grant Program funding for businesses in at-risk communities and providing translation services for applicants who do not speak English are crucial steps that will increase the program’s impact and ensure relief goes where it is needed most.”As part of the application, the business’s Chief Executive Officer or equivalent officer must certify that the company was in operation on February 15, 2020, has been negatively impacted by the COVID-19 outbreak, and will make a best effort not to furlough or lay off any employees. 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? The New Jersey Economic Development Authority (NJEDA) will launch the application for its Small Business Emergency Assistance Grant Program on Friday, April 3, 2020 at 9 a.m. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.NJEDA Coronavirus Grant Program Application Deadline Extended to July 8Funded in part through a Cooperative Agreement with the U.S. Small Business Administration, The New Jersey Small Business Development Centers (NJSBDC) network is also funded by the State of New Jersey and is hosted by Rutgers Business School: Network and New Brunswick.
TRENTON, N.J. – The New Jersey Economic Development Authority (NJEDA) announced that applications for the expanded Small Business Emergency Assistance Grant Program will be available at 9:00 a.m. on June 9, 2020 in both English and Spanish. Funding cannot be used for capital expenses, including construction.Businesses will receive $1,000 per full-time employee, (based on WR-30 filing). Sole proprietorships or other companies with no full-time employees will receive the minimum grant amount ($1,000).Want to grow your business? Within an hour the program was oversubscribed; within a week the NJEDA received more than 30,000 applications.