What is the status of the NJEDA Small Business Emergency Assistance Grant Program? (Phase 4)
NJEDA Small Business Emergency Assistance Grant - Phase 4
To receive text message reminders about key Phase 4 pre-registration dates, text “grant4” to 888-NJEDA-21 (888-653-3221).
Phase 4 of the New Jersey Economic Development Authority (NJEDA) Small Business Emergency Assistance Grant Program will provide grants up to $20,000 to small- and medium- sized businesses and non-profits that have been negatively impacted by the COVID-19 pandemic. Check your eligibility for Phase 4 grant funding at https://forms.business.nj.gov/grant-4/eligibility/.
Business Are Required to Pre-Register to Be Eligible for Phase 4 Grants
Interested business owners will need to pre-register at programs.njeda.com between Monday, April 19, 2021 at 9:00 a.m. and Thursday, April 29, 2021 at 5:00 p.m. Pre-registration is not first come, first served, but businesses are encouraged to begin the process as early as possible.
A video walk-through of the pre-registration process is available at https://www.youtube.com/watch?v=Jp9LSCyOaIE. You can also call 844-965-1125 for assistance with the pre-registration process.
Make Sure Your Businesses is Properly Registered
In order to receive a Phase 4 grant, businesses must be properly registered with the State of New Jersey. To help business owners ensure they are properly registered, the NJEDA is hosting two Phase 4 Document Preparation Sessions with the NJ Department of Treasury.
Sessions will be held on Friday, April 16, 2021 at 3:00 p.m. and Monday, April 19, 2021 at 5:00p.m. These sessions will cover what it means to be “properly registered” with the State, how business owners can check their registration status, and what to do if a business is not properly registered. Both sessions can be accessed through zoom. When asked to enter a password, type: GRANT
Following pre-registration, applications will become available on a rolling basis. Pre-registered applicants will need to return to programs.njeda.com to complete an application based on the following schedule:
- Businesses that did not apply for, or were not approved for Phase 3 funding – 9:00 a.m. on May 3, 2021. Click here to check if your businesses was approved for a grant during phase 3
- Restaurants and child care providers – 9:00 a.m. on May 5, 2021
- Micro businesses (five or fewer FTEs) – 9:00 a.m. on May 10, 2021
- All other small businesses – 9:00 a.m. on May 12, 2021
Applications for each category will be open for a period of one week and will be accepted on a first-come, first-served basis, based upon the date and time the Authority receives a completed application submission.
Pre-registration and grant applications will be available in English and Spanish. The NJEDA is also offering interpretation services to support speakers of ten additional languages: Arabic, Chinese(Mandarin and Cantonese), Gujarati, Hindi, Italian, Korean, Polish, Portuguese, and Tagalog.
Grant awards will be calculated based on the number of full-time equivalent employees (FTEs) businesses employ. Micro-businesses with five or fewer FTEs and sole proprietorships will receive up to $10,000; businesses with six to 25 FTEs will receive up to $15,000; and businesses with 26 to 50 FTEs will receive up to$20,000. A grant size estimator is available at: forms.business.nj.gov/grant-4/size
In line with the State's commitment to a stronger, fairer recovery, Phase 4 funding will be allocated to support the most adversely affected businesses, including restaurants, micro-businesses, and child care providers, as well as other small businesses. To ensure grants reach businesses in the hardest hit communities, including communities of color, one-third of funding will be targeted to businesses with a primary business location within the 715 census tracts designated as eligible to be selected as an Opportunity Zone.