Small Business Emergency Assistance Grant Program Phase 4
Posted: April 16, 2021
On Wednesday, April 14, 2021, the New Jersey Economic Development Authority (NJEDA) announced the launch of Phase 4 of the Small Business Emergency Assistance Grant Program, adding $85 million in funds from the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Phase 4 of the program will provide short-term immediate payroll and working capital support to small and medium-sized businesses and non-profits that have been impacted during the COVID-19 pandemic.
Interested business owners will need to pre-register to access the application. Pre-registration will begin on Monday, April 19, 2021, at 9:00 a.m. and close on April 29, 2021 at 5:00 p.m. Businesses that do not pre-register will not be eligible for phase 4 grants. Grant awards will be calculated based on the number of full-time equivalent employees (FTEs) businesses employ.