Webinars/Workshops | English
The New Jersey Economic Development Authority (NJEDA) recently announced Phase 3 of the Authority’s Small Business Emergency Assistance Grant Program. Phase 3, which will be funded with $70 million in Coronavirus Aid, Relief, and Economic Security (CARES) Act funding, significantly expands eligibility for the Grant Program and increases the amount of funding businesses can receive. To ensure funding goes to businesses hit hardest by the pandemic, Phase 3 sets aside funding for restaurants, micro-businesses, and businesses based in Opportunity Zone-eligible census tracts. Interested business owners will need to pre-register to receive an application. Pre-registration will begin on Monday, October 19th and will close on Tuesday, October 27th. In order to be considered for grant funding, each applicant must return to the site to complete the full application. The application will be available via a phased approach following the end of the pre-registration period. Phase 3 increases the amount of funding available to businesses. Grant awards will be calculated based on the number of FTEs businesses employ.