CAMDEN, NJ — Businesses in Camden County — both deemed essential and non-essential during the COVID-19 global pandemic — will have access to new programs looking to help shoulder their recent financial losses.
Passed Thursday by the New Jersey Economic Development Authority (NJEDA), the measure will include grant programs for small businesses, zero-interest loans for mid-sized companies, funding for entrepreneurs and support for lenders.
“Camden County is home to many family-owned companies who rely on their business for their livelihood,” said Freeholder Director Lou Cappelli. “These programs are specifically aimed to help small businesses and newly-created companies, people that have been hit the hardest, to stay afloat through this pandemic."
According to Camden County, the programs are expected to help as many as 5,000 enterprises statewide. More than $75 million in state and private financial support will be provided.
The full list of available programs is available here: cv.business.nj.gov.
"We’re extremely grateful to see them receive the support needed and know that the residents of Camden County will stand behind these businesses when they’re able to reopen," said Cappelli.