The Small Business Lease – Emergency Assistance Grant Program (SBL-EAGP) will provide eligible businesses with grants of up to $10,000 to offset lease expenses.
The SBL-EAGP, which is overseen by the New Jersey Redevelopment Authority (NJRA), is the first part of a more extensive Main Street Commercial Corridors Relief Package. The program will be funded with $6 million in federal CARES Act funding.
Those small businesses in the NJRA’s 64 eligible municipalities, who have been adversely impacted by COVID-19, can apply for up to $10,000 to assist with lease expenses. The SBL-EAGP will provide grants to:
The program is aimed at those businesses with 5,000 square feet or less of leased space and requires standard debarment and legal qualifications from applicants.
If qualified, applications will be accepted beginning August 10, 2020, online, and funds will be distributed on a first-come, first-serve basis.