Small Business Owners Can Apply For Grants Now
Several bills were signed into law by Governor Murphy during the last week providing $85 million in grants to small businesses. NFIB testified in support of the entire package of bills. The relief money which is COVID-19 federal aid, will be disbursed as grants through the state’s New Jersey Economic Development Authority (NJEDA). Restaurants will be getting $35 million, microbusinesses (five employees or less) will be getting $25 million, day care centers will be getting $10 million, and another $15 million will be going to miscellaneous other businesses and nonprofits. The EDA will begin accepting applications on April 19.
More information is available: NJEDA ANNOUNCES LAUNCH DATES FOR $85 MILLION PHASE 4 OF THE SMALL BUSINESS EMERGENCY ASSISTANCE GRANT PROGRAM – NJEDA
Applications will become available on a rolling basis following the pre-registration period (April 19, 2021, 9:00 a.m. to April 29, 2021, 5:00 p.m.) Pre-registered applicants will need to return https://programs.njeda.com/en-US/ to complete an application based on the following schedule:
- Businesses that did not apply for, or were not approved for Phase 3 funding – 9:00 a.m. on May 3, 2021
- Restaurants and child care providers – 9:00 a.m. on May 5, 2021
- Micro businesses (five or fewer FTEs) – 9:00 a.m. on May 10, 2021
- All other small businesses, excluding restaurants, micro businesses, and child care providers – 9:00 a.m. on May 12, 2021
Applications for each category will be open for a period of one week and will be accepted on a first-come, first-served basis, based upon the date and time the Authority receives a completed application submission.
