By: Michael Mandarino, Follow South Jersey Managing Editor
SOUTH JERSEY — Pre-registration for the fourth phase of the New Jersey Economic Development Authority’s Small Business Emergency Assistance Grant program is now open through 5 p.m. on Thursday, April 29. Registration opened at 9 a.m. on Monday.
Interested owners of local businesses that have struggled financially due to the COVID-19 pandemic can register for the program here. The state has also offered a step-by-step guide for the process of pre-registering for the program, and you can also check your registration status for phase 4 of the program here.
Grants will not be administered on a first-come, first-served basis, but they will be calculated based on the number of full-time employees that each business has. Smaller businesses with five or fewer full-time staffers can receive up to $10,000, while businesses with any number of full-time employees ranging from six to 25 can get $15,000. Larger businesses with 26-50 full-time employees can get up to $20,000.
Businesses can’t receive grant money if they aren’t properly registered for the program. In order to apply, your business must be registered to conduct business in New Jersey through the NJ Division of Taxation or have a valid Business Registration Certificate.
Phase 4 of the grant program wraps up at 5 p.m. on Thursday, April 29, but the state will accept applications on a rolling basis following that date. Applications for businesses that didn’t apply or weren’t approved for phase 3 of the program can apply again beginning at 9 a.m. on May 3. Restaurants and child care providers can apply beginning at 9 a.m. on May 5, and businesses with five or fewer full-time employees can submit their applications at 9 a.m. on May 10. All other small businesses will be able to apply beginning at 9 a.m. on May 12.
Once phase 4 comes to a close, all of the above application periods will last for one week and will be accepted on a first-come, first-served basis. However, businesses are strongly encouraged to pre-register as part of phase 4 if they’re eligible to receive grant money from the state.
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