Description

Small Business Emergency Assistance Grant Program – Phase 4

• Phase 4 of the New Jersey Economic Development Authority (NJEDA) Small Business Emergency Assistance Grant Program will provide grants up to $20,000 to small and medium sized businesses and nonprofits that have been negatively impacted by the COVID-19 pandemic.
• Interested business owners will need to pre-register between Monday, April 19th at 9:00 a.m. and Thursday, April 29th at 5:00 p.m.
• The BUSINESSES THAT DO NOT PRE-REGISTER WILL NOT BE ELIGIBLE FOR PHASE 4 GRANTS.
• Grant awards will be calculated based on the number of full-time equivalent employees (FTEs) businesses employ.
  • Micro-businesses with five or fewer FTEs and sole proprietorships will receive up to $10,000;
  • Businesses with six to 25 FTEs will receive up to $15,000; and
  • Businesses with 26 to 50 FTEs will receive up to $20,000.
• In line with Governor Murphy’s commitment to a stronger, fairer recovery, Phase 4 funding will be allocated to support the most adversely affected businesses, including restaurants, micro-businesses, and child care providers, as well as other small businesses.
• To ensure grants reach businesses in the hardest hit communities, including communities of color, one-third of funding will be targeted to businesses with a primary business location within the 715 census tracts designated as eligible to be selected as an Opportunity Zone.
• Following pre-registration, applications will become available on a rolling basis. Pre-registered applicants will need to return to complete an application based on the following schedule:
  • Business that did not apply for, or were not approved for Phase 3 funding – 9:00 a.m. on May 3, 2021
  • Restaurants and child care providers – 9:00 a.m. on May 5, 2021
  • Micro businesses (five or fewer FTEs) – 9:00 a.m. on May 10, 2021
  • All other small businesses – 9:00 a.m. on May 12, 2021
• Applications for each category will be open for a period of one week and will be accepted on a first-come, first-served basis, based upon the date and time the Authority receives a completed application submission.
• Restaurants and Child Care providers that have fewer than 5 FTEs should apply on May 5th, NOT on May 10th.
• Pre-registration and grant applications will be available in English and Spanish. The NJEDA is also offering interpretation services to support speakers of ten additional languages: Arabic, Chinese (Mandarin and Cantonese), Gujarati, Hindi, Italian, Korean, Polish, Portuguese, and Tagalog.