Small Business Grant New Jersey

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Small business grant new jersey. October 14 2020 the new jersey economic development authority njeda today announced phase 3 of the authority s small business emergency assistance grant program. New jersey makes more grants available to small businesses impacted by covid 19 date. New jersey s smallest businesses feeling the economic pain of the coronavirus can begin applying on friday for small grants offered by the new jersey economic development authority.

Trenton nj stl news today governor phil murphy announced a commitment of at least 60 million in additional coronavirus aid relief and economic security cares act funding to fulfillment of grants under phase 3 of. Move will enable funding of approximately 13 000 additional grants. Governor murphy announces additional 60 million to fulfill pipeline of small business grant applications.

The new jersey economic development authority is rolling out the next phase of its small business grant program targeting the restaurant industry. Phase 3 which will be funded with 70 million in coronavirus aid relief and economic security cares act funding significantly expands eligibility for the. Bergen county small businesses with fewer than 20 full time employees are eligible to apply.

1 19 full time employees businesses must provide evidence that they are a valid operating business in the state of new jersey i e. The new jersey economic development authority njeda launched the new jersey small business assistance grant program wherein the njeda allocated 5 million to the program to provide grants up to 5 000 to small businesses in retail arts entertainment recreation accommodation food service and other services such as repair maintenance personal and laundry services and. With more than 16 785 00 million dollars in grants and additional local government funding sources of 13 515 00 million dollars the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth in new jersey.

Njeda will award a total of 70 million in federal cares act funding to small businesses. May 22 2020 almost all small businesses and many nonprofits will be eligible to receive grants from the 50 million expansion of the state s small business emergency assistance grant program the eda announced this morning.