EDA says small business grant applications will be available June 9

By Eric Strauss
Trenton | Jun 2, 2020 at 12:32 pm

Applications for the state’s expanded Small Business Emergency Assistance Grant Program will be available starting at 9 a.m. Tuesday, June 9, according to the New Jersey Economic Development Authority.

Applications will be processed on a first-come, first-served basis, the EDA said.

The $50 million program will provide grants of up to $10,000 to small businesses affected by the COVID-19 pandemic. Of that, $15 million will be reserved for businesses located in Opportunity Zone areas, and $5 million is reserved for applicants from the program’s first-round “waiting list.”

“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,” EDA CEO Tim Sullivan said in a prepared statement. “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.”

For more information, including a sample application, click here.

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Eric Strauss | estrauss@roi-nj.com | @acerimrat