By: Jaina Louise Winston, Writer / Follow South Jersey Community Resources Intern
BRIDGETON, N.J. — At the start of the coronavirus pandemic, Governor Phil Murphy announced Executive Order 103, which issued a State of Emergency and Public Health Emergency to help contain the spread of the virus. In order to prepare for the impact the virus would have on the economy, Gov. Murphy created an initiative to help small businesses and their employees.
The Small Business Lease Emergency Assistance Grant Program (SBL-EAGP) was announced specifically for the purpose of providing financial resources and technical assistance to small businesses. The maximum grant per applicant is $10,000, and this money comes from $6 million in CARES Act funding that was given to the state of New Jersey.
The New Jersey Redevelopment Authority (NJRA) has developed a program in which grants are given to 64 designated municipalities. Bridgeton is one of the eligible 64 New Jersey towns/municipalities where businesses are able to receive this grant. To receive the money, business owners must submit an application. The program will provide grants to tenants leasing commercial space in mixed-use buildings, tenants leasing space in commercial buildings, and storefront businesses that lease their space.
A business can receive a grant if the business has 5,000 square feet or less. Non-profit entities with the following designations will also be permitted to receive grant funding: 501(c)(3), 501(c)(4), and 501(c)(7).
The Small Business Lease Emergency Assistance Grant program has a website in which applicants should apply. Applications will open at 9 a.m. on August 10, and you’ll be able to complete the application process here.
Applicants will be handled on a first-come, first-served basis. The volume of applications anticipated during this period is expected to reach numbers that may result in additional review of applications to determine eligibility. When applying, business owners must have the necessary documents to be considered.
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This article was produced by a Follow South Jersey news intern thanks to a grant provided by the Robert Wood Johnson Foundation through the New Jersey Health Initiatives program to create hyper-local news to meet the informational and health needs of the City of Bridgeton, N.J.