The New Jersey Economic Development Authority (NJEDA) is hosting three virtual information sessions on Thursday (Oct. 28) for businesses and nonprofits in Trenton, Paterson, and Atlantic City interested in applying for the Main Street Recovery Fund.
The Fund was created under the New Jersey Economic Recovery Act of 2020 (ERA) to support New Jersey small and micro business owners and partnering entities that can serve New Jersey micro businesses, such as Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), and other eligible lenders that meet specific legislative criteria.
The NJEDA wants to ensure entities in these three cities, which are designated as Government Restricted Municipalities under the ERA, know and understand the newly developed products associated with the Main Street Recovery Fund, so they can benefit from the financial resources provided by this $100 million initiative.
Information will include details on the Small Business Lease Grant, which provides grant funding to offset a portion of lease payments for businesses leasing new or additional space, and the upcoming launch of the Small Business Improvement Grant, which reimburses business owners for costs associated with making interior or exterior building improvements or purchasing/installing furniture, fixtures, or equipment.
Additional information will be provided on the ERA, as well as NJEDA’s Emerge and Aspire programs, which focus on job creation and development cost relief, respectively.
The three online informational sessions on Oct. 28 will take place at the following times:
- Trenton: 9 a.m. to 10 a.m. Register at http://tinyurl.com/MainStreetTrenton
- Paterson: 11:30 a.m. to 12:30 p.m. Register at http://tinyurl.com/MainStreetPaterson
- Atlantic City: 2 p.m. to 3 p.m. Register at http://tinyurl.com/MainStreetAC