UPDATE: 5/10/21 - NJEDA Small Business Emergency Assistance Grant (Phase 4)

SOURCE: Business.NJ.gov


NJEDA Small Business Emergency Assistance Grant - Phase 4


Phase 4 of the New Jersey Economic Development Authority (NJEDA) Small Business Emergency Assistance Grant Program provides grants up to $20,000 to small- and medium- sized businesses and non-profits that have been negatively impacted by the COVID-19 pandemic. Check your eligibility for Phase 4 grant funding.

The State recently announced plans to enact an additional $235 million in State funds for various small business relief programs administered by the NJEDA. $200 million of this funding will be used to fulfill all eligible pending Phase 4 small business grant requests.


Businesses must submit a complete application to receive Phase 4 grant funding.

Business Are Required to Pre-Register Businesses must pre-register to receive Phase 4 grant funding. Pre-registration was open from April 19, 2021 to April 29, 2021 and the NJEDA will be reopening pre-registration soon. If you do not pre-register, you cannot apply for Phase 4 grant funding. Check your pre-registration status at programs.njeda.com.

Make Sure Your Businesses is Properly Registered In order to receive a Phase 4 grant, your business must be registered to do business in the State of New Jersey with the NJ Division of Taxation. If your business is not recognized by the Division of Taxation, you must provide a valid Business Registration Certificate. You can check your registration status online.

If your business is properly registered, you will receive immediate confirmation after entering your information. If your business is not properly registered, email njdorescustomerservice@treas.nj.gov (allow up to 2 days for follow-up) or call 609-292-9292. You should state clearly that your request is connected to an application for the NJEDA’s Small Business Emergency Assistance Grant Program – Phase 4. Most issues can be resolved quickly.

For more information on the business registration process, watch one of the webinars on the topic the NJEDA hosted with the NJ Department of Treasury. Recordings are available here: Session 1 and Session 2.

Applications Applications for the Small Business Emergency Assistance Grant Program – Phase 4 are now open. Pre-registered applicants will need to return to programs.njeda.com 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 that were approved for Phase 3 funding – 9:00 a.m. on May 5, 2021

  • Micro businesses (five or fewer FTEs) that were approved for Phase 3 funding – 9:00 a.m. on May 10, 2021

  • All other small businesses that were approved for Phase 3 funding – 9:00 a.m. on May 12, 2021

Check if your businesses was approved for a grant during phase 3.

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.

Watch a video walk-through of the application.

View a sample of the Phase 4 Full Application here. A Spanish version is available here. Grant applications will be available in English and Spanish. The NJEDA is also offering interpretation services to support speakers of ten additional languages: Arabic, Chinese(Mandarin and Cantonese), Gujarati, Hindi, Italian, Korean, Polish, Portuguese, and Tagalog.

Awards Grant awards will be calculated based on the number of full-time equivalent employees (FTEs) businesses employ. Micro-businesses with five or fewer FTEs and sole proprietorships will receive up to $10,000; businesses with six to 25 FTEs will receive up to $15,000; and businesses with 26 to 50 FTEs will receive up to$20,000. Access the grant size estimator.

In line with the State's commitment to a stronger, fairer recovery, Phase 4 funding will be allocated to support the most adversely affected businesses, including restaurants, micro-businesses, and child care providers, as well as other small businesses. To ensure grants reach businesses in the hardest hit communities, including communities of color, one-third of funding will be targeted to businesses with a primary business location within the 715 census tracts designated as eligible to be selected as an Opportunity Zone.

Frequently Asked Questions Answers to common questions about Phase 4 of the Small Business Emergency Assistance Grant Program are listed below in a variety of languages:

  • ‍English‍

  • Spanish‍

  • Portuguese‍

  • Italian‍

  • Hindi ‍

  • Gujarati ‍

  • Cantonese ‍

  • Arabic ‍

  • Tagalog ‍

  • Polish ‍

  • Mandarin‍

  • Korean


Source: NJEDA




READ MORE:

https://business.nj.gov/covid/check-status-njeda-small-business-emergency-assistance-grant-program