LONG BRANCH, N.J. (KYW Newsradio) — More financial help is available for small businesses in New Jersey that were hit hard by the COVID-19 pandemic.
Gov. Phil Murphy Tuesday signed a series of bills providing $235 million in grants for small businesses and non-profits.
“With these additional supports that we’re signing today, we’ll be able to lift up these businesses and the communities they support even higher,” Murphy said at a signing ceremony in Long Branch.
“Our small businesses have always been the backbone, not just of the local economies in our state, but of our state’s overall economy.”
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One bill makes $120 million available to businesses with five or fewer employees. Another measure gives $20 million to bars and restaurants.
Other bills provide $50 million for other small businesses and nonprofits, $25 million for start-ups, $10 million for the “Sustain and Serve” restaurant meal purchasing program, and $10 million for childcare providers.
The bills allow the New Jersey Economic Development Authority to meet the unfilled demand of businesses that previously applied for grants.
The NJEDA has reopened applications. Click here to apply.
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