The New Jersey Financial Improvement Authority (NJEDA) will start accepting functions subsequent week for the Route 80 Enterprise Help Grant Program, a monetary assist initiative designed to help small companies impacted by lane closures on Route 80 in Morris County. Functions open Tuesday, April 22, 2025, at 10:00 a.m.
The grant program targets small companies and non-profits situated inside 5 miles of Route 80’s Exit 34, the place ongoing sinkhole repairs have brought about vital visitors disruptions. Companies on this space have reported declines in income because the repairs started.
Grants will vary from $1,000 to $15,000. In line with NJEDA, eligible candidates should function in Morris County, make use of not more than 50 full-time employees, and be situated close to Exit 34. As well as, candidates should certify that they skilled a monetary lack of no less than $1,000 throughout the first quarter of 2025.
Functions can be reviewed on a first-come, first-served foundation, and can stay open till funding is exhausted. The NJEDA has inspired early submissions to maximise the chance for eligible companies to obtain help.
In preparation for the applying launch, the NJEDA is internet hosting a collection of data periods geared toward small enterprise homeowners. These periods will present steering on eligibility, software necessities, and the general course of. The following session is scheduled for Wednesday, April 16, 2025, at 6:00 p.m. and can be held just about.
For extra details about the Route 80 Enterprise Help Grant Program and to entry the applying portal, companies are inspired to go to the NJEDA web site.
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