New legislation sponsored by Senator Dawn Marie Addiego (D-Evesham) provides 235 million in grants to small businesses and non-profits to spur the economic recovery from the Covid-19
pandemic. This legislation helps businesses and non-profits who were hit hard by the pandemic and are now deciding when and how to reopen, rehire and ramp up to full operation in the weeks and months ahead.
Our struggling NJ business owners who need this support today can pre-register as a preliminary step toward applying for grants of up to $20,000.
Pre-register here to access the application. Pre-registration will remain open for five weeks, until Wednesday, June 30 at 5 p.m.
Applications will become available following the pre-registration period, as pre-registered applicants will be asked to return to https://programs.njeda.com/en-US/ to complete an application based on the following schedule:
● Restaurants (Food Services and Drinking Places, NAICS begins with 722), Child Care Providers (NAICS code 624410) and Small Business (6 more Full Time Equivalent Employees): July 7 at 9 a.m.
● Micro Business (5 or Less Full Time Equivalent Employees): July 8 at 9 a.m.
Applications will remain open through July 15 at 5 p.m. and will be accepted on a first-come, first-served basis. Applicants must complete the full application to be considered for grant funding.
Grant awards will be calculated based on the number of full-time equivalent employees (FTEs) businesses employ: Micro-businesses with five or fewer FTEs and sole proprietorships will receive up to $10,000; businesses with six to 25 FTEs will receive up to $15,000; and businesses with 26 to 50 FTEs will receive up to $20,000. A grant size estimator is available here.
