Opens on Feb 22nd! Small Business Lease Emergency Assistance Grant Program
An additional $5 million has been allocated to the NJ Small Business Lease – Emergency Assistance Grant Program and Perth Amboy small businesses are able to apply!!
The Small Business Lease – Emergency Assistant Grant Program (SBL-EAGP) is managed by the New Jersey Redevelopment Authority (NJRA) and additional funding has been allocated to help small business owners impacted by COVID-19. Grants available of up to $10,000 are available to assist with lease payments.
The funding provides grants to:
- Tenants leasing commercial space in mixed-use buildings
- Tenants leasing space in commercial buildings
- Tenants leasing space to operate a storefront business
Note: This is not a loan, therefore it does not have to be repaid.
Governor Phil Murphy and Lt. Governor Sheila Oliver recently announced $5 million in funding for Phase 2 of the Small Business Lease Emergency Assistance Grant Program. This commercial rent relief program provides grants up to $10,000 for COVID-impacted small businesses and nonprofits located in NJRA’s 66 legislatively designated communities.
The application for these grants opens on Monday, February 22nd, at 9:00 a.m. and is first-come-first served.
Eligibility Requirements:
- Small businesses leasing commercial space in mixed-use buildings
- Small businesses leasing space in commercial buildings
- Small businesses leasing space to operate a storefront business
- Small businesses occupying no more than 5,000 SF of space
- Small businesses in one of our 66 legislatively designated municipalities
The link to the application for the small business lease grants will be available here starting on Monday, February 22, at 9:00 a.m.
Applications will remain open until the funds are exhausted.
