Info for Phase 3 of the NJEDA Small Business Assitance Emergency Grant

Info for Phase 3 of the NJEDA Small Business Assitance Emergency Grant

Posted on October 19, 2020

Information for Phase 3 of the NJEDA Small Business Emergency Assistance Grant

Mandatory Pre-Registration and Application Periods

Interested business owners will need to pre-register to receive an application. Pre-registration will begin on Monday, October 19th and will close on Tuesday, October 27th. The application will be available via a phased approach following the end of the pre-registration period, as detailed below. Applicants must complete the full application to be considered for grant funding.

Phase 3 of the Grant Program will likely be oversubscribed. To streamline the application process, the Authority is requiring all applicants to pre-register online. Applications will become available on a rolling basis following the pre-registration period. Pre-registered applicants will need to return to complete an application based on the following schedule:

Restaurants – 9:00 a.m. on Thursday, October 29, 2020
Micro businesses – 9:00 a.m. on Friday, October 30, 2020
All other businesses, excluding restaurants and micro businesses – 9:00 am on Monday, November 2, 2020

Applications for each category will be open for a period of one week will be accepted on a first-come, first-served basis.

For more information on this program:

https://faq.business.nj.gov/en/articles/3835237-what-is-the-status-of-the-njeda-small-business-emergency-assistance-grant-program

Gloucester County Business Dashboard

Posted on June 15, 2020

The Gloucester County Board of Chosen Freeholders in collaboration with the Gloucester County Office of Emergency Management and Department of Economic Development have launched Gloucester County is Open for Business.

The COVID-19 pandemic has caused a lot of local businesses in Gloucester County to close or update their services. The online dashboard allows residents to search for services in their area and continue to support the places they love.

“This dashboard will allow our residents to continue to support our local businesses while they abide by guidelines to keep our community safe and stop the spread of COVID-19,” said Freeholder Director Robert M. Damminger. “Many of our businesses are offering pick up, delivery or order ahead options to keep us safe.”

If you are an essential business within Gloucester County and would like to advertise your hours of operation during the COVID-19 Pandemic, feel free to complete the survey on the right side of the dashboard. Input basic information like address, phone number and type of establishment. You can also update delivery, carryout, curbside pickup or drive-thru options.

“The businesses in Gloucester County need our support right now,” said Freeholder Heather Simmons, Liaison to the Department of Economic Development. “This dashboard will make it easy for our residents to reach all of our businesses across the County. We all are doing our best to honor social distancing, but we can’t forget to support the backbone of our local community.”

To access the dashboard, visit Gloucester County Business Dashboard. Residents can search the name of a business or select by category.

Small Business Assistance

Posted on April 2, 2020

The federal government will be releasing the Paycheck Protection Program (PPP) on Friday, April 3 at 9 am. The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

.PPP will provide funds in the form of loans that will be forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required.

Starting Friday, April 3, 2020, small businesses and sole proprietorships will be able to apply. Starting April 10, 2020, independent contractors and self-employed individuals will be able to apply. We encourage businesses to apply as quickly as possible, as there will be a cap on funding.

The program is eligible for small businesses with 500 or fewer employees, including nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors. *Businesses with more than 500 employees are eligible in certain industries

Click on the links below to learn more about the program and apply. If you have any questions please contact me at 856-384-6930

* For a top-line overview of the program<https://home.treasury.gov/system/files/136/PPP%20–%20Overview.pdf>

* If you’re a borrower, more information<https://home.treasury.gov/system/files/136/PPP–Fact-Sheet.pdf>

* The application for borrowers<https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Application-3-30-2020-v3.pdf

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