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Additional Funds Allocated to the NJRA Small Business Lease – Emergency Assistance Grant Program
On October 6, Governor Phil Murphy announced that an additional $10.2 million in support has been allocated to the Small Business Lease Emergency Assistance Grant Program (SBL-EAGP). The additional funding will be used to provide grants up to $10,000 to businesses currently in the pipeline for the program.
The Small Business Lease Emergency Assistance Grant Program, managed by the New Jersey Redevelopment Authority (NJRA) and paid for with federal CARES Act funding, supports small businesses located in the NJRA’s 68 eligible municipalities that have been adversely impacted by COVID-19.
Eligible South Jersey Municipalities include:
- Atlantic City
- Bridgeton City
- Burlington City
- Camden City
- Glassboro
- Gloucester City
- Gloucester Township
- Harrison Township
- Lawnside
- Lindenwold
- Millville City
- Monroe Township
- Mount Holly
- Pemberton Township
- Pennsauken
- Penns Grove Borough
- Pleasantville City
- Salem City
- Vineland City
- Willingboro Township
- Woodbury City
This new allocation of funding will support those businesses that did not receive funding in Round 2 of this initiative. The program will be targeted to businesses with 5,000 square feet of leased space or less, and is requiring standard debarment and legal qualifications from applying businesses.
Please reach out to Hilary Chebra, Manager, Government Affairs at hchebra@chambersnj.com if you have any questions.
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