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.
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.