State COVID-19 Financial Assistance Programs
Small Business Improvement Grant
The Small Business Improvement Grant reimburses eligible small businesses and nonprofits for up to 50% of eligible project costs associated with building improvements or the purchase and/or installation of new furniture, fixtures, and equipment made on or after March 9th, 2020. The maximum grant award is $50,000. Applications are first-come-first-served.
Small Business Lease Grant
The Small Business Lease Grant supports the growth and success of small businesses and non-profits by providing grant funding to cover a portion of lease payments for businesses and non-profits leasing new or additional space. Applications will be accepted on a rolling basis beginning Wednesday, October 20th, 2021.
- Benefits: Two grant awards of 20% of the total annual lease payment.
- Eligibility: Small businesses and nonprofits entering a new lease, lease amendment, or lease extension for at least a five-year term that includes at least 250 square feet of street-level space.
Traditional NJEDA Programs
In addition to the programs listed on this page, the NJEDA encourages businesses to explore the Authority’s business support programs that are not specific to addressing the COVID-19 pandemic. More details about these programs can be found on the NJEDA’s website at www.njeda.com.