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3/17/21 Update: State Financial Assistance Programs for Your Business

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 Community 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 Coming Soon:

NJ Economic Recovery Act 2020 - A package of tax incentives, financing, and grant programs that will address the ongoing economic impacts of the COVID-19 pandemic and build a stronger, fairer New Jersey economy. There are over 15 planned programs, including a mix of tax incentives, financing options, and grant programs. The New Jersey Economic Development Authority (NJEDA) is asking businesses for feedback to inform the design of these programs. Share your feedback, and improve the structure of these state-led business programs at The NJEDA’s Micro Lender Support Grant Program is a pilot program that will make $2 million available to provide grants of up to $200,000 to CDFIs, Minority Depository Institutions (MDIs), and other eligible lenders as identified in the Economic Recovery Act. This program DOES NOT provide grants directly to small businesses. Grant funds received through the program can be used to fund operating expenses associated with servicing micro-businesses and the buying down of interest rates of loans offered to micro-businesses. CDFIs and MDIs based outside New Jersey that service New Jersey businesses will be eligible to receive funds, which will reduce the financial burden on New Jersey-based CDFIs and create new financing opportunities for New Jersey businesses. The NJEDA anticipates launching the application for the Micro Lender Support Grant Program on April 19, 2021. Organizations interested in learning more about the program are encouraged to contact

Programs Currently Open:

NJDEP Marine Fisheries Assistance Grant Program - 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 Financial 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.

Programs That Have Closed:

NJEDA CDFI Emergency Assistance Grant Program – A $1.25 million program that provided 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 were eligible for these programs.

NJRA Small Business Lease Emergency Assistance Grant Program – A $5 million New Jersey Redevelopment Authority program that offered commercial rent relief with grants of up to $10,000 for COVID-impacted small businesses and nonprofits located in NJRA’s designated communities. To check on the status of your application, contact the NJRA.

NJEDA Small Business Emergency Assistance Grant (Phase 3) - The application window for Phase 3 is closed. Businesses can check online for Phase 3 Grant Application Status. Applicants seeking an update on the status of their grant application can also call 844-965-1125.

NJHMFA Small Landlord Emergency Grant ProgramNJHMFA 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.

NJEDA Small Business Emergency Assistance Loan Program A $10 million program that provided working capital loans of up to $100,000 to businesses with less than $5 million in revenues. Loans made through the program will have ten-year terms with zero percent for the first five years, then resetting to the NJEDA’s prevailing floor rate (capped at 3.00%) for the remaining five years. Applications for this program are currently closed. Applicants may now check the status of Small Business Emergency Assistance Loan applications online.

NJDCA Main Street New Jersey COVID-19 Relief Program A $1.6 million program that will provide grants to District Management Organizations that participate in Main Street New Jersey (MSNJ), to fund eligible COVID-19 recovery activities and costs occurring with the boundaries of the designated MSNJ district.

NJDCA Neighborhood Preservation COVID-19 Relief Program A $2.6 million program that will provide grant funding to municipalities with current approved Neighborhood Preservation Program plans, to fund eligible COVID-19 response activities, including limited funding for local program administrative costs.

NJDCA Neighborhood Revitalization Tax Credit COVID-19 Relief Program A $3.1 million program that will provide grant funding to organizations with approved Neighborhood Revitalization Tax Credit plans as of the FY20 application cycle, to fund eligible COVID-19 response activities. At least 60 percent of funds must be distributed by grantees to small businesses with a physical location in their neighborhood boundaries for eligible business uses.

Traditional NJEDA Programs

In addition to the programs listed on this page, the NJEDA encourages businesses to explore the Authority’s business support programs that are not specific to addressing the COVID-19 pandemic. More details about these programs can be found on the NJEDA’s website at


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