May 19 2021 0Comment

What is the status of the NJEDA Small Business Emergency Assistance Grant Program? (Phase 4)

Source: business.nj.gov

Updated: May 19, 2021

Phase 4 of the New Jersey Economic Development Authority (NJEDA) Small Business Emergency Assistance Grant Program provides grants up to $20,000 to small- and medium-sized businesses and non-profits that have been negatively impacted by the COVID-19 pandemic. Applications for Phase 4 are currently closed. Applicants can find their application status at programs.njeda.com.

The State recently announced plans to enact an additional $235 million in State funds for various small business relief programs administered by the NJEDA. $200 million of this funding will be used to fulfill all eligible pending Phase 4 small business grant requests.

Business Are Required to Pre-Register

Businesses must pre-register to receive Phase 4 grant funding. Pre-registration was open from April 19, 2021 to April 29, 2021 and the NJEDA will be reopening pre-registration soon. If you do not pre-register, you cannot apply for Phase 4 grant funding. Check your pre-registration status at programs.njeda.com. ‍

Make Sure Your Businesses is Properly Registered

In order to receive a Phase 4 grant, your business must be registered to do business in the State of New Jersey with the NJ Division of Taxation. If your business is not recognized by the Division of Taxation, you must provide a valid Business Registration Certificate. You can check your business registration certificate status online.

If your business is properly registered, you will receive immediate confirmation after entering your information. If your business is not properly registered, email njdorescustomerservice@treas.nj.gov (allow up to 2 days for follow-up) or call 609-292-9292. You should state clearly that your request is connected to an application for the NJEDA’s Small Business Emergency Assistance Grant Program – Phase 4. Most issues can be resolved quickly.

For more information on the business registration process, watch one of the webinars on the topic the NJEDA hosted with the NJ Department of Treasury. Recordings are available here: Session 1 and Session 2.

Applications

Applications for the Small Business Emergency Assistance Grant Program – Phase 4 closed at 5:00 p.m. on May 19th, 2021. Applicants can check the status of their submitted application at programs.njeda.com.

Awards

Grant awards will be calculated based on the number of full-time equivalent employees (FTEs) businesses employ. Micro-businesses with five or fewer FTEs and sole proprietorships will receive up to $10,000; businesses with six to 25 FTEs will receive up to $15,000; and businesses with 26 to 50 FTEs will receive up to$20,000.  Access the grant size estimator.

In line with the State’s commitment to a stronger, fairer recovery, Phase 4 funding will be allocated to support the most adversely affected businesses, including restaurants, micro-businesses, and child care providers, as well as other small businesses. To ensure grants reach businesses in the hardest hit communities, including communities of color, one-third of funding will be targeted to businesses with a primary business location within the 715 census tracts designated as eligible to be selected as an Opportunity Zone.

Read more at https://business.nj.gov/covid/small-business-emergency-assistance-grant-program

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