New Jersey COVID-19 Business Information

Up-to-date information for businesses on reopening from COVID, including rules and guidance that must be followed, economic assistance programs, and other resources.

NJEDA Small Business Emergency Assistance Grant Phase 4 FAQs

Updated:
April 29, 2021

1. Will language assistance be available?-

The NJEDA is providing the online pre-registration and application in English and Spanish.o NJEDA will offer applicants access to interpretation services to support speakers of ten additional languages –Arabic, Chinese (Mandarin and Cantonese), Gujarati, Hindi, Italian,Korean, Polish, Portuguese, and Tagalog. Translated versions of the application language will be made available in advance of opening.o Applicants can contact languagehelp@njeda.com to receive a call within one business day from a representative who can communicate with them in their primary language

2. What are the eligibility requirements for the Program?To be eligible for Phase 4 of the Small Business Emergency Assistance Grant Program, the applying entity must:- Have been in existence and operational on February 15, 2020- Be fully and properly registered to do business with New Jersey Department of Treasury, Division ofRevenue and Enterprise Services as evidenced by a valid Business registration Certificate. Entities can verify their registrations here : https://www1.state.nj.us/TYTR_BRC/jsp/BRCLoginJsp.jsp- Be in good standing with the Department of Labor and Workforce Development (NJLWD).- Have no more than 50 Full-Time Equivalent Employees (FTE) in the businesses’ Q3 2020 or Q42020 WR-30 filing (the most recently filed of the two will be used). The NJEDA’s definition of aFTE is detailed in the following question.- Have a physical location in the State of New Jersey (e.g., an office, a physical point of sales, a warehouse, manufacturing facility, etc.). With regard to home-based businesses, the home must be located in New Jersey.- Certify to NJEDA its intention to make best efforts not to furlough or lay off any workers from the time of application through six months after the end of the declared state of emergency. If the business has already furloughed or laid off workers from the time of application, make a best-effort pledge to re-hire the furloughed or laid off workers as soon as possible- Certify to NJEDA that the entity has been negatively impacted by the COVID-19 declared state of emergency (e.g., has been temporarily shut down, has been required to reduce hours, has had at least a 20% drop in revenue, has been materially impacted by employees who cannot work due to the outbreak, or has a supply chain that has materially been disrupted and therefore slowed firm-level production)- Certify to NJEDA that the entity has a material financial need as a result of COVID-19 that cannot be overcome without the grant (e.g., does not have significant cash reserves that can support theSME during this period of economic disruption).- Not be actively excluded or debarred by the State of New Jersey or the Federal Government

3. What is a Full-Time Equivalent (FTE) employee?

A FTE employee should not be confused with and is separate from the State’s guidance on a full-time employee. Whether or not an employee qualifies as an FTE depends on the number of weeks worked and wages earned. The NJEDA’s online grant estimator can help you determine the number of FTEs at your business. For the purposes of this grant program, the NJEDA is determining the number of FTE employees based on the entity’s highest FTE count of the past eight quarters. To determine your estimated grant size based on your FTE employees please visit https://forms.business.nj.gov/grant-4/size/If the highest FTE would make a business ineligible, the most recent WR-30 filing, either Quarter 3 2020 orQuarter 4 2020, whichever is more recently filed, will be reviewed. To determine your eligibility based of FTE employees please visit https://forms.business.nj.gov/grant-4/eligibility/- FTE employees do not include 1099 independent contractors

4. How is the size of my business’s grant award determined?

The NJEDA will utilize the highest headcount available from the entity’s past 8 quarters (Q1 2019-Q4 2020) of WR-30 filed with the NJLWD to determine the entity’s number of Full-TimeEquivalent (FTE) employees.- The total amount of grant funding is based on the number of FTE equivalent employees and cannotexceed the unmet need of the entity.o If 5 FTEs or fewer (including no FTEs or 1099 contractors only): $10,000 grant If 6-25 FTEs: $15,000 gran to If 26-50 FTE: $20,000 grant- The program has separate funding allocations for child care providers, restaurants, micro-businesses,and other small businesses. However, an applicant is only eligible for one allocation of funding. For example: if a business is an eligible Restaurant, as determined by its NAICS code, it can only apply for the Restaurant allocation and not the Micro-business or other small business allocation.