By: Joshua Gras, Writer / Follow South Jersey News Reporting Intern
SOUTH JERSEY — The South Jersey Chamber of Commerce will host a webinar on April 22 to inform small business owners about the fourth phase of New Jersey’s Small Business Emergency Grant program.
The $85 million offered by the grant will be distributed to small- and medium-sized businesses and non-profits that need assistance due to the COVID-19 pandemic. The webinar will begin at 2 p.m. on Thursday, and you can sign up to attend it for free here.
Tim Sullivan, CEO of the New Jersey Economic Development Authority, will be the primary speaker during the event. The webinar will primarily focus on clarifying who exactly is eligible for assistance from the grant and how to pre-register for it.
The first three phases of the state’s Small Business Emergency Grant program awarded $214 million to approximately 44,000 applicants since it started on April 6 of last year. Grants will be awarded on a sliding scale based on the number of full-time employees a business has.
The grant money will base the amount of money given based on type of industry. Restaurants in need will gain most of the money with $35 million allocated to those businesses. Childcare providers will gain $10 million as well.
The money given out as part of the grant will come from the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
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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.