On July 21, Governor Murphy signed S-3982/A-5904 (Addiego/Greenstein/Johnson/ Mazzeo/Zwicker) which provides additional aid to small businesses as they continue to recover from the pandemic. The bill provides $135 million to small businesses to be administered by the Economic Development Authority as part of its Phase IV Emergency Grant Program and NJ Community Stage Relief Grant Program.  

The legislation will be allocated as follows:

• Microbusinesses: $55 million
• Bars and Restaurants: $15 million
• Child Care Facilities: $10 million
• For Profit Arts and Culture Organizations: $10 million
• Eligible Small Businesses and Non Profit Organizations: $45 million

Should you have any questions, please contact Hilary Chebra, Manager of Government Affairs at hchebra@chambersnj.com.