Did your business sustain $5,000 or more in physical damages during Superstorm Sandy?
The $260 million Stronger NJ Business Grant Program is available to help small businesses and non-profits that have been damaged by Superstorm Sandy.
Under this program:
- Grants and forgivable loans of up to $50,000 per impacted location are available
- Businesses with multiple impacted locations may be eligible for an award of up to $250,000.
Eligible costs for reimbursement under this program may include: working capital (operating expenses), inventory, equipment, machinery, furnishings, and prospective construction.
The Last Day to apply is Tuesday, December 31st. You must begin the application before this date to qualify for the grants. If you need assistance, an agent can help you complete the application after this date as long as it is submitted. Bilingual agents are available.
Who is eligible?
To be eligible, a business must meet at least the following criteria:
- Have been in existence on the date of Superstorm Sandy, October 29, 2012
- Have at least one location in NJ and be registered to do business in NJ
- Have less than $1 million in liquid assets
- Be a small business with annual revenues of at least $25,000
- Have sustained a minimum of $5,000 in Superstorm Sandy-related physical damage per location seeking assistance, which may include damage to real property or non-perishable, non-consumable inventory.
We are here to help! Please visit njeda.com or call 1 (855) Sandy-BZ or 1 (855) 726-3929.
– New Jersey Economic Development Authority
