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NJEDA $50 Million New Round of Small Business Grants Targeting Minority and Women-Owned Businesses

News Release

Contact: New Jersey Economic Development Authority
media@njeda.com

Applications for $45 Million NJEDA Grant Program to Open June 9

Applications will be available in English and Spanish with translation services available for nine other common languages.

TRENTON, N.J. (June 2, 2020) – The New Jersey Economic Development Authority (NJEDA) today announced that applications for the expanded Small Business Emergency Assistance Grant Program will be available at 9:00 a.m. on June 9, 2020. The $45 million program will provide grants up to $10,000 to small businesses impacted by the coronavirus pandemic. A sample application that small business owners can use to prepare is available at http://cv.business.nj.gov/.

To support the Governor’s commitment to diversity and inclusion, $15 million will be reserved for businesses in Opportunity Zone-eligible census tracts. The application will also be available in Spanish and the NJEDA has contracted for interpretation services to support speakers of nine additional languages – Arabic, Chinese (Mandarin and Cantonese), Gujarati, Hindi, Italian, Korean, Polish, Portuguese, and Tagalog. Translated versions of the application itself will be available in advance of opening.

“The coronavirus pandemic is forcing all of us to grapple with unprecedented challenges, but small business owners and their employees are undoubtedly among the most severely impacted members of our communities,” said NJEDA Chief Executive Officer Tim Sullivan. “From the start of the pandemic, the Small Business Emergency Assistance Grant Program has played a central role in supporting New Jersey’s small business community. The expanded program will allow us to serve thousands more businesses in need and our focus on equity will ensure it benefits the communities COVID-19 has hit the hardest.”

The outbreak of novel coronavirus has created a major public health crisis in New Jersey. To slow the spread of the virus, Governor Phil Murphy implemented a variety of containment measures, including restrictions on public gatherings and mandated closure of non-essential businesses. To mitigate the economic impacts of these public health policies, the NJEDA created the Small Business Emergency Assistance Grant Program. During Phase 1, the NJEDA has provided more than $8 million in grants to date to nearly 2,500 businesses across all 21 counties.

The NJEDA received $50 million from the federal Coronavirus Relief Fund established under the Federal Coronavirus Aid, Relief, and Economic Security (CARES) Act to support small businesses. The NJEDA will provide an additional $5 million to fund businesses that were waitlisted during Phase 1. The NJEDA will use $45 million to fund Phase 2, which will provide grants up to $10,000 to a significantly broader range of businesses than were previously eligible.

Eligibility changes for Phase 2 increase the employee cap for businesses from 10 full-time employees (FTEs) to 25 FTEs and remove the NAICS code restrictions that were in place for Phase 1 to allow almost all businesses as well as 501(c)(3), 501 (c)(4), and 501(c)(7) nonprofit organizations to qualify for funding. Phase 2 also makes grants available to home-based businesses and sole proprietorships, which were ineligible during Phase 1. To ensure funding goes to businesses and communities that need it most, $15 million of Phase 2 funding will be set aside to support qualified businesses located in one of the 715 census tracts that were eligible to be selected as a New Jersey Opportunity Zone.

“New Jersey’s diversity is our strength. When we take extra steps to ensure equitable access to programs, we not only support a broader range of businesses and communities, but we also create more jobs and economic growth that benefits everyone,” said NJEDA Chief Diversity & Inclusion Officer Michelle Bodden. “Setting aside a portion of Small Business Emergency Assistance Grant Program funding for businesses in at-risk communities and providing translation services for applicants who do not speak English are crucial steps that will increase the program’s impact and ensure relief goes where it is needed most.”

Applications for Phase 2 of the Small Business Emergency Assistance Grant Program will be available on June 9, 2020. NJEDA staff will process the applications on a first-come, first-served basis. There will be no application fee.

As part of the application, the business’s Chief Executive Officer or equivalent officer must certify that the company was in operation on February 15, 2020, has been negatively impacted by the COVID-19 outbreak, and will make a best effort not to furlough or lay off any employees. To comply with duplication of benefits provisions within the Stafford Act, all applicants will also be required to fill out an affidavit identifying all funding previously received related to COVID-19, including Small Business Administration loans and grants, forgivable portions of Payroll Protection loans, and Economic Injury Disaster grants.

Comprehensive information about New Jersey’s coronavirus response is available at https://cv.business.nj.gov.

About the New Jersey Economic Development Authority

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses call NJEDA Customer Care at 609-858-6767 or visit https://www.njeda.com and follow @NewJerseyEDA on FacebookTwitter, and LinkedIn.

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Newark Prepares to Reopen!

All Newark businesses must apply
for a reopening permit in order for the
City to issue a color-coded safety-level
certificate required for reopening.

Click here for the application
and additional information.

Applications are also available for pickup at the NDD’s
location in the lobby at 60 Park Place, Newark, NJ 07102.

Weequahic Park chosen as Screening Site for Coronavirus Screening

PSA.

ESSEX COUNTY EXECUTIVE DIVINCENZO, FREEHOLDER PRESIDENT GILL AND VICE PRESIDENT RICHARDSON ANNOUNCE SCREENING SITE FOR NOVEL CORONAVIRUS (COVID-19) TO OPEN IN ESSEX COUNTY WEEQUAHIC PARK

Essex County Residents can Register for an Appointment at www.EssexCOVID.org

Essex County, NJ – Essex County Executive Joseph N. DiVincenzo, Jr., Freeholder President Brendan Gill, and Vice President Wayne Richardson announced that Essex County will be opening a drive-through testing site for Essex County residents who are symptomatic of the Novel Coronavirus (COVID-19) in Essex County Weequahic Park in Newark. The site will open on Thursday, March 26th and Saturday, March 28th when 100 tests per day will be administered; it will then be open next week on Monday, Wednesday and Friday when 150 tests per day will be administered each day. The testing site is for Essex County residents; appointments are mandatory. Residents must arrive by car.

“The most effective way that elected officials and public health professionals can get a handle on how far-reaching COVID-19 has become is to test residents for the virus,” DiVincenzo, Gill and Richardson said in a joint statement. “These screenings are in high demand and we ask for the public’s cooperation throughout this process. We encourage our residents to continue to take precautions to prevent the spread of the virus and not place themselves in situations where they may be exposed,” they said.

The screenings are being offered to Essex County residents only who are symptomatic of COVID-19. This means anyone wishing to be tested must meet specific testing criteria, which includes fever of at least 99.6 degrees and respiratory symptoms of shortness of breath. Appointments will be scheduled from 9 a.m. to 3 p.m. Those who do not meet the criteria will not receive an appointment. If you are exhibiting severe symptoms, please contact your local health care provider or local health department for guidance.

Residents can visit www.EssexCOVID.org, where they will be required to complete a short online screening process before an appointment is scheduled. Residents will be asked several health-related questions and detail any symptoms they have related to the coronavirus. Upon completion of the survey, they will be informed if they are eligible for the screening. If they are eligible, a confirmation number will be provided; residents must bring the confirmation number with them to their appointment.

If someone does not have internet access, they can register by calling the Essex County Office of Emergency Management at 973-324-9950. The call-in center will be open from 7 a.m. to 11 p.m. An operator will help them complete the initial survey and issue the confirmation number. Residents must bring the confirmation number with them to their appointment.

Tests are being offered free of charge to Essex County residents. Having health insurance is not a requirement. Follow up contact will be made to assess the continuing health of the person who completed the screening.

Medical personnel from RWJBarnabas Health System, Newark Beth Israel Medical Center, University Hospital, Hackensack Hospital, Essex County Hospital, and nurses from public schools in Essex County are staffing the testing sites and call-in center. Security at the site is being provided by the Essex County Sheriff’s Office and Newark Police Department.

Essex County will continue to administer the virus screening as long as supplies of test kits, gowns, facial masks, and gloves last.

Residents can help stop the spread of Novel Coronavirus by washing their hands frequently, using hand sanitizer after touching hard surfaces, staying home if they feel sick, practicing social distancing and avoiding spending any time in crowds of people. Residents are also reminded to adhere to restrictions enacted by Governor Phil Murphy, which include a curfew between the hours of 8 p.m. and 5 a.m. and restrict their traveling unless it is absolutely necessary.

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Philip B. Alagia

Essex County Chief of Staff