Governor Murphy Announces Additional $15 Million in CARES Act Funding to the NJEDA Small Business Emergency Assistance Grant Program
On July 28, Governor Phil Murphy announced an additional $15 million in Coronavirus Aid, Relief, and Economic Security (CARES) Act funding has been made available to New Jersey small businesses struggling with the pandemic.
This additional funding will bolster the New Jersey Economic Development Authority (NJEDA)'s Small Business Emergency Assistance Grant Program, which provides grants of up to $10,000 to small businesses struggling with COVID-19-related challenges.
The program is currently oversubscribed and not accepting applications, but the NJEDA intends to use this additional CARES Act funding to fulfill a significant portion of the applications already in the pipeline, particularly where direct federal funding was not provided to counties.
For businesses/non-profit organizations that have applied for the Small Business Emergency Assistance Loan Program, please check the status of your application here: https://forms.business.nj.gov/loan-status/
Please reach out to Hilary Chebra, Manager, Government Affairs at email@example.com if you have any questions.