Applications for the expanded Small Business Emergency Assistance Grant Program Phase 2 will be available at 9:00 a.m. on June 9, 2020. NJEDA staff will process the applications on a first-come, first-served basis. There will be no application fee.
Reimburse revenue lost as a result of a business interruption caused by COVID-19. Funding cannot be used for capital expenses, including construction. Businesses will receive $1,000 per full-time employee, (based on WR-30 filing). Sole proprietorships or other companies with no full-time employees will receive the minimum grant amount ($1,000).
Your organization is eligible for Phase 2 Emergency Relief Grant if…
- You have 25 or fewer full-time employees, as reported on most recent WR-30 filing with the New Jersey Department of Labor
- You have a physical commercial location in the State of New Jersey
- Home-based businesses must be based at a home located in New Jersey
- You are a non-profit organized as 501(c)(3), 501(c)(4), and 501(c)(7) organizations
- Your CEO certifies that your business: 1) Was in operation on February 15, 2020; 2) Will make a best effort not to furlough or lay off any individuals from the time of application through six months after the end of the declared state of emergency; 3) Has been negatively impacted by the COVID-19 declared state of emergency on March 9, 2020; 4) Has a material financial need that cannot be overcome without the grant of emergency relief funds
- Your Business: 1) Is registered to do business in the State of New Jersey; 2) Does not have any outstanding tax liabilities; 3) Is in good standing with the New Jersey Department of Labor.
Learn more about Phase 2 here: https://faq.business.nj.gov/en/articles/3835237-what-is-the-status-of-the-njeda-small-business-emergency-assistance-grant-program-phase-2-application-open-tuesday-june-9-at-9-00-a-m