$5 Million Added to the Small Business Lease Assistance Grant Program
On Tuesday, February 2, Governor Murphy announced an additional $5 million has been allocated to the Small Business Lease - Emergency Assistance Grant Program (SBL-EAGP), which allows businesses in 64 legislatively designated municipalities to apply for grants of up to $10,000 for lease costs.
The program, managed by the New Jersey Redevelopment Authority (NJRA), is targeted to businesses with 5,000 square feet of leased space or less, and requires standard debarment and legal qualifications from applying businesses. Applications can be found online, and funds are distributed on a first-come, first-served basis. The application opens on Monday, February 22nd at 9:00 a.m. and will remain open until the funds are exhausted.
Small businesses located in NJRA’s 64 legislatively designated municipalities that have been adversely impacted by COVID-19 can apply for up to $10,000 to assist with lease payments. Eligible applicants include:
- Tenants leasing commercial space in mixed-use buildings,
- Tenants leasing space in commercial buildings, and
- Tenants leasing space to operate a storefront business
More information will be made available at: www.njra.us
To read the Governor's press release, click here.
Please reach out to Hilary Chebra, Manager, Government Affairs at email@example.com if you have any questions.