SNJDC Member Update Report 10.19.20

SNJDC COVID-19

MEMBER UPDATE

October 19, 2020

UPDATE: Phase 3 of the NJEDA Small Business Emergency Assistance Grant

The New Jersey Economic Development Authority (NJEDA) today launched Phase 3 of the Small Business Emergency Assistance Grant Program. This new program significantly expands eligibility and increases the amount of funding businesses can receive.

Any business or nonprofit located in New Jersey with 50 or fewer full-time equivalent employees is eligible to receive grant funding during Phase 3.

This includes home-based businesses and sole proprietorships. All qualified businesses can receive at least $5,000, and grant awards can go as high as $20,000.

To ensure funds go to businesses that need help most, Phase 3 includes specific set-asides for restaurants, micro-businesses, and businesses in census tracts that were eligible to be designated as Opportunity Zones.

Small business owners must pre-register to apply for grants between today, Monday, October 19^th and Tuesday, October 27^th

Click here for pre-registration information

Attend an Informational Webinar on The Small Business Emergency Assistance Grant Program presented by NJEDA

Wednesday, October 21 from 10:00 a.m.-11:30 am.

To register visit: tinyurl.com/1021-NJEDA

Southern NJ Development Council | (856) 228-7500 | snjdc.org