The New Jersey Economic Development Authority is accepting applications for the Route 80 Business Assistance Grant Program.
Donor Name: New Jersey Economic Development Authority (NJEDA)
State: New Jersey
County: All Counties
Type of Grant: Grant
Deadline: 06/04/2025
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
Funding Information
The minimum grant amount is $1,000 with a maximum award of $15,000.
Eligibility Criteria
The eligibility requirements are as follows:
- Operation Date: The SME must have been in operation on December 1, 2024.
- Employee Count: The SME must have no more than 50 FTEs as reported on their 4th Quarter 2024 WR-30 form with the New Jersey Department of Labor and Workforce Development.
- Location: The SME must have a physical commercial location in New Jersey within a 5 mile radius of Exit 34 on Route 80 and must have sustained negative financial impact to their commercial location as a result of the Route 80 closures.
- Financial Impact: Applicants must certify to a negative financial impact that is greater than $1,000 for the first quarter of 2025.
- Business Registration: At the time of approval, the SME must be registered to do business in the State of New Jersey, evidenced by a valid Business Registration Certificate from the Division of Taxation. If not recognized by the Division of Taxation, the SME must provide proof of registration with the State prior to December 1, 2024, and a valid Business Registration Certificate.
- Tax Clearance: The SME must have tax clearance, confirmed with the New Jersey Division of Taxation or through the submission of a tax clearance certificate prior to approval.
- Application Limit: Entities can submit only one application per Employer Identification Number (“EIN”). Businesses with multiple locations but only one EIN will be limited to one application, though all revenues and impacts will be considered during the approval process.
- Use of Funds: Applicants must acknowledge and agree that grant proceeds can only be used for reimbursement of working capital expenses.
- Duplication of Benefits: There is a restriction on duplication of benefits that could exclude potential applicants that have already received business interruption assistance.
For more information, visit NJEDA.
