PATERSON, NJ - Eligible businesses in the Great Falls Neighborhood of Paterson have until December 2 to apply for grants of up to $5,000 as part of funding awarded to the New Jersey Community Development Corporation (NJCDC) to promote the continued recovery and revitalization of neighborhoods in the wake of COVID-19.
The Great Falls Promise Neighborhood consists of a 95-block radius surrounding the Spruce Street and Great Falls area, and is home to approximately 14,000 people, 4,500 households, and over 8,000 children who live or go to school within the neighborhood.
Part of the New Jersey Department of Community Affairs’ Neighborhood Revitalization Tax Credit (NRTC) COVID-19 Relief Program, the grants can be used to support a variety of needs including commercial mortgages, rent and other bills; COVID-19 safety precautions; resources to establish an online presence; loss of perishable inventory; and more.
“We recognize the challenges small businesses in our neighborhood face in overcoming the devastation caused by the COVID-19 pandemic,” NJCDC CEO Bob Guarasci said “Thanks to this funding from the NRTC COVID-19 Relief Program, we can help small businesses in our neighborhood survive this most challenging of times.”
Awarded a total of $270,000, the NJCDC, in addition to making grants to small businesses, will also use funding through this initiative to promote the local economy, to provide neighborhood families with food, and also to distribute Personal Protective Equipment kits.
In addition to visiting the website interested businesses can contact Eddie Gonzalez, NJCDC’s Director of Community Outreach, at 973-910-1803. Applications are available now and are due no later than December 2nd with grants to be disbursed by mid-December.
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