Jul 28 Applications Open August 10 for the NJRA Small Business Lease – Emergency Assistance Grant Program
New Jersey Governor Phil Murphy has announced The Small Business Lease – Emergency Assistance Grant Program (SBL-EAGP) as a new relief program for small businesses impacted by COVID-19. The program will allow businesses in 64 eligible municipalities to apply for grants of up to $10,000 for lease costs. $6 million in CARES Act funding has been allocated to the SBL-EAGP which is managed by the New Jersey Redevelopment Authority (NJRA).
The program will provide grants to:
- Tenants leasing commercial space in mixed-use buildings
- Tenants leasing space in commercial buildings
- Tenants leasing space to operate a storefront business
Online applications will open August 10, 2020 at 9:00 a.m., and funds will be distributed on a first come first served basis.
You can reference the program’s overview and guidelines here.
Sax will continue to update you as further details are made available. Reach out to your Sax advisor or email [email protected] with questions. For more and on-going information relative to your state and business, visit Sax’s COVID-19 Resource Center.
