Small businesses in Jersey City have access to another $1.5 million in COVID-19 Small Business Microenterprise Grants, Mayor Steven Fulop and the Jersey City Economic Development Corp. announced Nov. 1.
The city-funded program will provide upwards of $50,000 for business-related costs incurred throughout the COVID-19 pandemic to businesses with five or less employees whose owner’s income doesn’t exceed 80% of the city’s area median income limit.
Applications will open on Nov. 8.
“Our smallest businesses that provide a wide range of goods and services to our community are among the most financially burdened by this pandemic. These are business owners who live in Jersey City and are invested in the community,” said Fulop in a prepared statement. “Since day one of this pandemic, we’ve worked to provide the support and resources our small businesses need to grow and thrive, and this second round of small business grants worth upwards of $50,000 each looks to build upon those efforts.”
The latest grants can be used for costs incurred between Oct. 1, 2020 and Aug. 31, 2021 for microenterprise businesses providing goods and services, such as grocery stores, beauty salons, laundromats, and home health support.
Eligible expenses include payroll assistance, training, peer support, supplies, personal protective equipment for employees, child care, transportation assistance and more, provided the business did not receive funding for the same expenses during the same time period.
“The JCEDC is proud to work closely with Mayor Fulop and the administration as we have one collective goal: to help as many of Jersey City’s small business owners as possible,” said Rosemary McFadden, JCEDC chair, in a prepared statement. “Our mission is to promote and facilitate economic development here in Jersey City, and these grants come at a critical time as many microenterprise businesses work to keep their doors open and recover from COVID-induced hardships.”
Last year, Fulop and Hudson County Executive Tom DeGiseawarded more than $9 million in CARES Act grantss to nearly 600 small businesses with 25 or less employees. Approximately 300 of those small businesses were located in Jersey City’s West Side and Heights sections, with an additional 200 within the downtown Business District and nearly 80 business owners from the city’s Greenville section.
Applications for the COVID-19 Small Business Microenterprise Grants will be accepted from 11:00 a.m. on Nov. 8 through 5 p.m. on Nov. 19. Applications will be available online at www.jcedc.org or by calling the JCEDC at 201-284-9478.
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