• NJSBDC Network

8/17/20 UPDATE: County and Local Government Financial Assistance Programs for Your Business

SOURCE: Business.NJ.gov


City of Perth Amboy

Grants up to $3,500 available for local businesses impacted by COVID-19 on a first-come, first-serve basis. The Perth Amboy COVID-19 Small Business Grant Application is currently open. More information available on the Perth Amboy website. Jersey City

The Jersey City CARES Act Small Business Grant program will provide grants of up to $20,000 to for-profit businesses. Applications will be accepted through September 2020. Eligibility criteria:

  • Home-based, mobile and brick-and-mortar businesses are eligible for this funding.

  • All required documentation must be attached to the application when submitted, or the application will be deemed invalid.

  • The applying business must have been opened as of March 15, 2020 and must be open at the time of submitting the application. The applying business will use its best efforts to continue operating and not layoff or furlough its employees through August 31, 2020.

  • An applying business cannot have more than 25 full-time employees (not more than 1,000 hours per week) as of March 15th, 2020.

  • If an applying business has received funds from any government or private source or insurance for reimbursement of Eligible Expenses, then these CARE Act Small Business Grant funds cannot be used for those expenses. However, businesses can still apply for the other Eligible Expenses that have not been reimbursed.

Jersey City Economic Development Corporation staff will hold office hours on Tuesdays and Thursdays from 10:00 a.m. to 4:00 p.m. to assist in completing applications. To schedule an appointment contact Florence Baron at fbaron@jcedc.org or Jennifer Moore at jennifer@jcedc.org. Middlesex County

The COVID-19 Small Business Relief Grant Program will provide reimbursement for COVID-19 related loss of revenue, expenses incurred, and/or continuation of services to small businesses located in Middlesex County. Funding is capped at $30,000 per applicant and a total of $30 million is available. Grants are available on a first-come, first-served basis. Applicants must meet all of the following criteria:

  • Independently or family-owned businesses with no more than 50 employees

  • Documented business interruption as a result of the COVID-19 pandemic and related emergency declaration, resulting in financial loss.

  • Businesses must have been open and operating on March 1, 2020

  • Businesses deemed “non-essential” within the classification of “Businesses Required to Close” as per the Governor’s Executive Order No. 104, dated March 16, 2020

  • Must be a Sole Proprietorship, LLC/LLP, S-Corporation, Corporation, Nonprofit or Partnership

  • Active businesses physically located in Middlesex County, with a net annual business income of less than $1,000,000 based on their last federal tax return

Nonprofits are only eligible for reimbursement of increased incurred expenses, not loss of revenue. Applicants are not eligible for any expenses or loss of revenues previously reimbursed by State or Federal CARES Act funding, CDBG Grants, PPP Grants or Loans, private insurance, or any other COVID-19 relief program. Updated: August 17, 2020 Source: NJEDA



READ MORE:

https://faq.business.nj.gov/en/articles/4135235-what-county-and-local-government-financial-assistance-programs-are-available-for-my-business

Funded in part through a Cooperative Agreement with the U.S. Small Business Administration, The New Jersey Small Business Development Centers (NJSBDC) network is also funded by the State of New Jersey and is hosted by Rutgers Business School: Network and New Brunswick.

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