Monmouth County Giving $10K Grants To Small Businesses

MONMOUTH COUNTY, NJ — If you're a Monmouth County small-business owner, you might want to listen up:

Monmouth County will allocate $10 million from the CARES (Coronavirus Aid, Relief and Economic Security) Act to provide grants of up to $10,000 to Monmouth County businesses with under 50 employees.

“While other counties have chosen to utilize the New Jersey Economic Development Authority, Monmouth County will be administering these grants directly because no one knows our small businesses like we do,” said Monmouth County Freeholder Director Tom Arnone. “I have been in constant contact with small-business owners and chambers of commerce throughout this pandemic and will continue to work with them to assist in any way I can.”

The $10,000 grants will be distributed through Monmouth County's existing Community Development Block Grant - Coronavirus (CDBG-CV), a program developed by the U.S. Department of Housing and Urban Development (HUD).

“My fellow Freeholders and I realized that the $1.59 million from the Community Development Block Grant for COVID would not provide sufficient funds to reach all small businesses in the County due to restrictions and guidelines put in place by the federal government and HUD,” said Arnone. “The Board unanimously passed the resolution to share supplemental funds from the CARES Act to the Monmouth County small businesses and nonprofits to provide them with relief during this pandemic.”

More information on how to apply is not immediately available, but will be made available in the coming weeks on www.visitmonmouth.com or here: https://www.co.monmouth.nj.us/PressDetail.aspx?ID=2930