The New Jersey Economic Development Authority announced that applications for the expanded Small Business Emergency Assistance Grant Program will be available 9 a.m. June 9 in both English and Spanish.
The $45 million program will provide grants up to $10,000 to small businesses impacted by the coronavirus pandemic. Phase 2 funding includes $15 million reserved for businesses in Opportunity Zone-eligible census tracts.
NJEDA staff will process the applications on a first-come, first-served basis. There will be no application fee.
Your organization is eligible for a Phase 2 Emergency Relief Grant if:
- You have 25 or fewer full-time employees as reported on most recent WR-30 filing with the New Jersey Department of Labor
- You have a physical commercial location in the State of New Jersey
- Home-based businesses must be based at a home located in New Jersey
- UPDATED 6/8/2020: All types of 501(c) non-profit entities will likely now be eligible for grants. This includes 501(c)(6) organizations, the designation for membership-based business and industry groups, as well as 501(c)(19) veterans' organizations. While this change in eligibility is contingent upon approval of the NJEDA Board, all 501(c) organizations can apply for funding along with other eligible small businesses and non-profit organizations to enable them to apply before the program becomes oversubscribed.
- Your CEO certifies that your business:
- 1) Was in operation on February 15, 2020
- 2) Will make a best effort not to furlough or lay off any individuals from the time of application through six months after the end of the declared state of emergency
- 3) Has been negatively impacted by the COVID-19 declared state of emergency on March 9, 2020
- 4) Has a material financial need that cannot be overcome without the grant of emergency relief funds
- Your Business:
- 1) Is registered to do business in the State of New Jersey
- 2) Does not have any outstanding tax liabilities
- 3) Is in good standing with the New Jersey Department of Labor
You can
learn about other NJEDA programs and see what you may qualify for using the
NJ COVID-19 Business Support Eligibility Wizard. Explore how NJEDA determines grant size with the
Grant Size Estimator.
Applications are available at https://cv.business.nj.gov
