NJ announces that The New Jersey Economic Development Authority (NJEDA) will launch the application for its Small Business Emergency Assistance Grant Program on April 3, 2020. The grant program is part of a package of initiatives announced last week to support businesses and workers facing economic hardship due to the outbreak of the novel coronavirus COVID-19.
Per the NJEDA website the following eligibility guidelines are as such while applying for the Phase 1 Grant
Eligibility Guidelines for Small Business Emergency Assistance Grant Program
Businesses applying for the Small Business Emergency Assistance Grant Program must provide:
- A contact who is authorized to speak on behalf of the company.
- Basic information about the company:
- Registered legal name and “Doing Business As” name (available here: https://www.njportal.com/DOR/BusinessNameSearch/Search/BusinessName;
- Federal Employer Identification Number (EIN);
- Year your company was established;
- Full-time employees as of December 31, 2019 and Part-Time Employees as of December 31, 2019.
- Industry as defined by your NAICS code (available here: https://www.naics.com/search/).
- Answers to the State’s basic debarment questions (See .pdf of application here: https://cv.business.nj.gov).
- Certification that the business:
- Is not a home-based business;
- Is not a prohibited business;
- Has been impacted by the COVID-19 outbreak;
- Has a material financial need that cannot be overcome without the grant funds;
- Will make a best effort not to lay off any additional employees and re-hire any whom have already been laid off;
- The NJEDA may check your entries against other State sources of data.
NJEDA has developed an online Grant Award Size Estimate Calculator to help eligible businesses understand what their potential grant size might be.
Nicole Herlinksy, Supervisor