New Jersey State Emergency COVID-19 Relief Programs
See each program page for details on programs administered by the New Jersey Economic Development Authority (NJEDA), the New Jersey Redevelopment Authority (NJRA), the New Jersey Department of Consumer Affairs (NJDCA), the New Jersey Housing and Mortgage Finance Agency (NJHMFA), and the New Jersey Department of Environmental Protection (NJDEP). To see which of these programs you are eligible for, use the NJ COVID-19 Business Support Eligibility Wizard.
Please click on each program below for more information.
Programs Currently Open:
NJEDA NJ Entrepreneur Support Program – A $5 million program that will encourage continued capital flows to new companies, often in the innovation economy, and temporarily support a shaky market by providing 80 percent loan guarantees for working capital loans to entrepreneurs.
NJEDA Small Business Emergency Assistance Guarantee Program – A $10 million program that will provide 50 percent guarantees on working capital loans and waive fees on loans made through institutions participating in the NJEDA’s existing Premier Lender or Premier CDFI programs.
NJEDA Emergency Technical Assistance Program – A $150,000 program that will support technical assistance to New Jersey-based companies applying for State and US Small Business Administration programs. The organizations contracted will be paid based on SBA application submissions supported by the technical assistance they provide.
NJDEP will award a total of $11 million in CARES Act funding to coastal and marine-fisheries-related businesses that have lost revenue due to the impacts of COVID-19. Eligible businesses include commercial fisheries, aquaculture businesses, processors, dealers, recreational for-hire fishing businesses and bait and tackle shops, as well as businesses operating in more than one of these categories.
Eligible businesses must have fewer than 100 full-time employees and be able to demonstrate a greater than 35% loss in fishery-related revenue between March 1 and June 30, 2020 compared to their 5-year average revenue for the same period. The application deadline is December 4, 2020.
NJEDA Community Development Finance Institution (CDFI) Emergency Loan Loss Reserve Fund – A $10 million capital reserve fund to take a first loss position on CDFI loans that provide low-interest working capital to micro-businesses. This will allow CDFIs to withstand loan defaults due to the outbreak, which will allow them to provide more loans at lower interest rates to microbusinesses affected by the outbreak. Only NJ-based CDFIs are eligible for these programs.
NJEDA CDFI Emergency Assistance Grant Program – A $1.25 million program that will provide grants of up to $250,000 to CDFIs to scale operations or reduce interest rates for the duration of the outbreak. Only NJ-based CDFIs are eligible for these programs.
Programs That Have Closed:
NJHMFA Small Landlord Emergency Grant Program – NJHMFA reopened a program that assists small rental property owners and their tenants during the COVID-19 emergency, funded through the CARES Act. The program was launched in August and reopened for a second phase with expanded eligibility guidelines. The grant supports vulnerable landlords of properties by reimbursing them for missed/reduced rent payments between April and July 2020. Landlord grantees will be required to forgive the back rent and late fees that their tenants have accrued during the April to July period. Applicants must be the Primary Property Owner of a residential property and registered with the New Jersey Department of Community Affairs (NJDCA) Bureau of Housing Inspection within the Registration Inspection Management System (RIMS) database. Eligible properties must have between 3 and 30 units; may not be a seasonal or vacation rental property; have at least one non-vacant rental unit that was impacted by COVID-19 between April and July 2020; and have low-to-moderate rent levels. The Application for the second phase opened on September 28th at 12pm and closed on October 13th at 4pm. Eligible and complete applications will be reviewed and awarded in a computer-randomized order to give each application an equal chance of receiving funds.
NJRA Small Business Lease - Emergency Assistance Grant Program -- A $6 million NJRA program that allows businesses in 64 eligible municipalities that have been adversely impacted by COVID-19 to apply for grants of up to $10,000 to assist with lease payments. The program is targeted to businesses with 5,000 square feet of leased space or less, and provides grants to tenants leasing commercial space in mixed-use buildings, tenants leasing space in commercial buildings, and tenants leasing space to operate a storefront business. Due to overwhelming demand, this round of funding for the program is exhausted. Application status updates will be shared via email with applicants.
NJEDA Small Business Emergency Assistance Grant Program, Phase 1 – A $5 million program that will provide grants up to $5,000 to small businesses in retail, arts, entertainment, recreation, accommodation, food service, and other services – such as repair, maintenance, pe