Bayonne Mayor James Davis is urging small businesses struggling to stay afloat amid the COVID-19 pandemic to apply for state aid.
The New Jersey Economic Development Authority (NJEDA) has just launched an additional $70 million in funding.
Phase 3 of the program provides grants of $5,000 to $20,000 to New Jersey businesses and nonprofits with 50 or fewer full-time equivalent employees (FTEs), including sole proprietorships and home-based businesses.
Preregistration is required before Oct. 27 at 5p.m. Go to https://programs.njeda.com
$35 million will support businesses classified as “Food Services and Drinking Places;” $15 million to support businesses that have had 5 or fewer FTEs in the past six quarters of WR-30 filings; $20 million will support businesses that had 6 to 50 FTEs in any of the past six quarters of WR-30 filings.
Applicants that applied for funding during Phase 1 or Phase 2 of the program may be eligible for Phase 3 funding, whether they received funding, were declined, or waitlisted.
Pre-registered applicants must return to the site to complete an application. Restaurants will need to log on at 9 a.m. on Oct. 29; Micro businesses, with 5 or fewer employees, must log on at 9 a.m. on Oct. 30.
All other businesses must log on at 9 a.m. on Nov. 2.
Call 844-965-1125 for questions about the Small Business Emergency Assistance Grant Program. Go to https://cv.business.nj.gov for additional information.
Residents may also call Mark J. Bonamo, Assistant Business Administrator for the City of Bayonne, at 201-436- 5475 or or email him at firstname.lastname@example.org.
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