As New Jersey remains in Phase 2 of reopening during the COVID-19 pandemic, small businesses have been struggling to stay afloat.
The City of Bayonne is joining with the Hudson County Small Business Grant Program to support small businesses, Mayor James Davis announced.
“I understand the difficulties facing our small business community, and I have been fighting hard to get much-needed aid,” Davis said. “With the constantly changing guidelines from the federal government, we have faced unpredictable delays. However, I am happy to announce we will be teaming up with the program being created by Hudson County to facilitate the Small Business Grant Program.”
The first priority will be given to businesses that have not received any federal grant assistance, New Jersey Economic Development Authority grants, U.S. Small Administration grants, or any other grant assistance.
“This will allow us to support Bayonne’s businesses better during the application process,” Davis continued. “I am confident in the county’s abilities and our ability as a city to make it through this trying time.”
While the county is currently completing the application, small businesses can prepare for the application process by gathering the documents to be uploaded in digital format.
Documents include a copy of the last Form WR-30 filed with the State of New Jersey, a copy of last filed federal income tax return or proof of owner draws, a copy of last filed federal Form K-9, and a copy of the signed lease, canceled rent checks, or signed statement from landlord stating terms of lease.
Businesses will need a copy of signed mortgage note and or business loan note; copies of water, sewer, gas and electric utility bills from the period the businesses were closed from COVID-19; copies of invoices for equipment and supplies related to COVID-19 provided by the supplier; and denial letters from any previous applications for insurance, grants, or loans covering any COVID-19 expenses or any documentation showing the monetary amount of any federal, state, or other funding received toward COVID-19-related expenses.
“I would like to encourage local small business people to get their financial documents together, so that they can apply to the County of Hudson for federal assistance,” Davis said. “Funding will be available shortly. At this difficult time for our nation, financial help is on the way for many small businesses across America.”
For more information, call the Bayonne Business Administrator’s office at 201-858-6109.
For updates on this and other stories, check www.hudsonreporter.com and follow us on Twitter @hudson_reporter. Daniel Israel can be reached at email@example.com.