TRENTON, NJ — Seeking to give a boost to small businesses especially hard hit by the economic fallout from the coronavirus, the New Jersey Economic Development Authority (EDA) has announced that applications for the expanded Small Business Emergency Assistance Grant Program will become available at 9 a.m. on Tue., June 9th. Certain non-profit organizations may also qualify to apply. 

With applications being reviewed on a first-come, first-served basis, the sample application is available by clicking here so that businesses can prepare ahead of the official program opening. In addition to English, applications for the program are offered in 10 other languages, including Spanish, Arabic, Chinese, Gujarati, Italian, Korean and Polish.

“The coronavirus pandemic is forcing all of us to grapple with unprecedented challenges, but small business owners and their employees are undoubtedly among the most severely impacted members of our communities,” said EDA Chief Executive Officer Tim Sullivan. “From the start of the pandemic, the Small Business Emergency Assistance Grant Program has played a central role in supporting New Jersey’s small business community. The expanded program will allow us to serve thousands more businesses in need, and our focus on equity will ensure it benefits the communities COVID-19 has hit the hardest.” 

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The program is a continuation of one established by EDA to mitigate the economic impact of public health policies, including the closure of nonessential businesses, to limit the spread of COVID-19. To date, $8 million has been provided to nearly 2,500 businesses across all 21 New Jersey counties.

Utilizing $50 million in federal dollars received through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, EDA is allotting $5 million to support businesses in Phase 1 — being delivered in grants of up to $10,000 each to previously ineligible businesses. Included in the newly eligible businesses are those with up to 25 employees, and an addition to the types of businesses that can apply and receive funds. Home based businesses and sole proprietorships, as well as some nonprofit organizations, are also now eligible.

To learn more about EDA resources for businesses call EDA Customer Care at 609-858-6767 or visit https://www.njeda.com.

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