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Governor Murphy Announces The Small Business Lease - Emergency Assistance Grant Program
On July 23, Governor Phil Murphy announced the the Small Business Lease - Emergency Assistance Grant Program (SBL-EAGP). This program is the first component of a broader Main Street Commercial Corridors Relief Package to be paid for with federal CARES Act funding.
Through the SBL-EAGP, small businesses located in New Jersey Redevelopment Authority (NJRA)’s 64 eligible municipalities that have been adversely impacted by COVID-19 will be able to apply for up to $10,000 to assist with lease payments.
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.
Applications will open August 10, 2020, online, and funds will be distributed on a first come first served basis. $6 million in federal CARES Act funding will be allocated for this program.
Please reach out to Hilary Chebra, Manager, Government Affairs at hchebra@chambersnj.com if you have any questions.
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