NJEDA Board Approves Sustain and Serve NJ Grant Program
On November 13, the New Jersey Economic Development Authority (NJEDA) approved the creation of the Sustain and Serve NJ Program, a $2 million grant program that will provide funding to organizations to purchase meals from restaurants that have been negatively impacted by the COVID-19 pandemic and distribute the meals at no cost to New Jersey residents in an effort to bolster the strength of the state’s restaurants. Eligible organizations can receive grants of at least $100,000 for prospective bulk purchases of meals from New Jersey-based restaurants.
The program will be open to entities, including 501(c) non-profit organizations, that are legally registered to do business in New Jersey and are in good standing with the New Jersey Department of Labor and the New Jersey Division of Taxation. Restaurants may not directly apply for this grant. Grant applicants will be required to demonstrate prior bulk purchases of 3,000 or more meals valued at $50,000 or more from New Jersey-based restaurants between March 9, 2020 and the date of application launch. The NJEDA will not provide reimbursements for meals purchased prior to the program launch. Grantees cannot resell any meals purchased with grant funding. Applicants will also need to identify the restaurant or restaurants from which they will be purchasing meals.
Applications for Sustain and Serve NJ will be available soon. More information about the program can be found at https://cv.business.nj.gov.