Virtual concert raises over $100,000 for Hoboken businesses and residents

×

On Saturday, May 16 Hoboken held a virtual relief concert to help raise money for the Hoboken Relief Fund.

According to Councilman Phil Cohen, who co-chairs the fund with Council President Jen Giattino, the concert which was streamed live on the city’s Facebook page helped raise more than $100,000.

The Hoboken Relief Fund has a goal of raising $2 million to help support independently-owned Hoboken businesses and Hoboken residents who have been negatively impacted economically due to the COVID-19 pandemic.

According to the latest numbers released from the city, there have been 540 residents who have tested positive for the virus which has also claimed the lives of 26 residents.

Residents and business owners can apply for the funds online before June 5 at www.HobokenReliefFund.com.

For individuals, the application asks for information on finances before the COVID‐19 crisis as of March 16, during the crisis, and plans are for recovery after the crisis.

It also asks what the individual’s unmet needs are and how the Hoboken Relief Fund can assist with survival.

To be considered for the funds, the applicant must be a Hoboken resident who has been negatively impacted by COVID-19. Eligible individuals are those with less than $75,000 in adjusted gross income.

Individuals who received federal and state relief may be given less under the program.

For businesses, the application gathers information on how the business operated before the COVID‐19 crisis as of March 16, during the crisis, the businesses’ plans for recovery after the crisis, what its unmet needs are, and how the Hoboken Relief Fund can assist in survival.

Applicants must be a business owner who operates an independent business from a physical retail address in Hoboken, who has been negatively impacted by the restrictions placed on commerce starting in March.

Eligible businesses are those with less than $2.5 million in annual revenues and less than 20 full-time employees. Businesses that received federal and state grants and loans may be given less funding.

Nonprofit organizations are not eligible for the program. At this point, neither are professional services.

Companies and individuals who would like to donate or apply to the Hoboken Relief Fund can at www.HobokenReliefFund.com.

To view a recording of Saturday’s virtual concert, go to Facbook.com/Hoboken.