West New York has launched a grant program to support small businesses. The town will accept applications through June 3 for their Small Business Grant Program. Awards of up to $5,000 per business may be granted.
Do you qualify?
In order to qualify, businesses must be owned by an individual, partnership, corporation, or limited liability company that is up-to-date with all federal and state payroll, sales, and income taxes; must be located in West New York and registered with NJ Department of Treasury; and have no more than 25 full time employees.
Applicants must also be able to certify that their business was negatively impacted by COVID-19 because of partial closure, full closure, or major disruption to business operations. The business must also be open at the time of application and make a “good faith effort” to remain so for at least 12 months after grant receipt.
Applicants must also disclose whether they have previously received COVID-19 relief funds from any other county, state, federal, or private sector program. Non-profit organizations, real estate holding companies, home-based businesses and businesses behind on their federal tax payments are not eligible for this grant.
For more information on the program or to apply, small business can call 201-295-5100
Helping small businesses in wake of COVID-19
The program aims to alleviate the financial hardships placed on many local small businesses during the COVID-19 pandemic, according to Mayor Gabriel Rodriguez.
“The last couple years have not been easy for our small businesses and this grant program seeks to help ease some of the financial burdens affecting our small business owners.” said Rodriguez. “Small businesses are vital to our community and we want to encourage every eligible business to apply for this grant program.”
The West New York Board of Commissioners first adopted a resolution in March authorizing a contract to use American Rescue Plan (ARP) funds to establish the program. However, the commissioners approved another resolution in April rescinding that one and authorizing a contract for “extraordinary unspecifiable services” to establish the Small Business Grant Program using the ARP funds.
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