Posted Tuesday, August 11th, 2020
For Businesses in Counties without Direct Federal CARES Act Funding
The New Jersey Economic Development Authority has announced that its Board has approved use of $15.3 million in COVID-19 federal CARES Act funding to provide grants to businesses in 12 counties, including Morris County, that did not receive direct allocations from the federal government.
The funds will be added to the more than $100 million the NJEDA is currently administering to support COVID-19-impacted businesses.
“Helping small businesses and their employees withstand the immediate economic impact of COVID-19 and prepare for a safe and strong recovery is central to the NJEDA’s pandemic response,” said NJEDA Chief Executive Officer Tim Sullivan. Focusing on counties that did not receive direct federal aid will also help to ensure resources are distributed fairly to businesses in all regions of the state.”
The $15.3 million approved for use today will go toward fulfilling eligible Phase 2 grant applications from businesses located in the 12 New Jersey counties that did not receive direct CARES Act funding: Morris, Atlantic, Burlington, Cape May, Cumberland, Gloucester, Hunterdon, Mercer, Salem, Somerset, Sussex, and Warren.
For information on the program and how to apply for funding, call 844-965-1125 or email https://contactus.njeda.com/
About the New Jersey Economic Development Authority
The NJEDA is the state’s principal agency for driving economic growth. It focuses on key strategies to help build strong and dynamic communities, create jobs. To learn more about NJEDA visit https://www.njeda.com.