The New Jersey Economic Development Authority (NJEDA) announced $50 million in new funding and broader eligibility criteria for the Small Business Emergency Assistance Grant Program. Under the newly-expanded program, which will provide grants up to $10,000 for COVID-impacted businesses, a wider variety of businesses will now be eligible, including home-based businesses and sole proprietorships. The program also features a special focus on businesses in Opportunity Zone-eligible census tracts.
Applications for the expanded Small Business Emergency Assistance Grant Program will be available at 9:00 a.m. on June 9, 2020 in both English and Spanish. NJEDA staff will process the applications on a first-come, first-served basis. There will be no application fee.
Phase 2 Grant Award Amounts