Suburban Essex Chamber Of Commerce: NJBAC – Time-Sensitive Article For Business.NJ.Gov

Press release from Suburban Essex Chamber of Commerce:

September 5, 2021

Assistance for Businesses Impacted by Hurricane Ida

The New Jersey Economic Development Authority (NJEDA) is creating a $10 million grant program that will provide short-term, immediate rent and mortgage reimbursement support to New Jersey businesses and nonprofits with up to 50 employees that suffered physical damage on September 1st and 2nd, 2021 as a result of weather caused by Tropical Storm Ida and any additional flooding immediately thereafter. 

The proposed program will provide small businesses and non-profit entities with up to 50 employees grants of $1,000 to $5,000 dollars. Landlords and home-based businesses are not eligible. As proposed, grants will be provided in the form of reimbursement of a business’s August rent or mortgage payment.

To be eligible, a business or nonprofit must:

The parameters of the program announced today are preliminary and are subject to change.  The proposed program will be presented to the NJEDA’s Board for consideration of approval at a special meeting on Wednesday, September 8th at 10:00 a.m. If approved, the NJEDA expects to announce full details and the application timeline for the grant program following that meeting. 

Melanie Willoughby
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This press release was produced by Suburban Essex Chamber of Commerce. The views expressed here are the author’s own.