JCEDC Local Relief Program
On April 3, 2020, Mayor Steve Fulop announced the Jersey City Local Relief match program for small businesses who receive grants from the NJEDA Small Business Emergency Grant Program.
After the City Council approves the City Program, the JCEDC will be authorized to match the grant awarded by the NJEDA to local businesses.
To be eligible, you MUST FIRST apply for the NJEDA Small Business Emergency Grant Program.
The application is available now https://cv.business.nj.gov and the application will close on April 10th at 9am.
Once you receive an approval from NJEDA, you will be able to apply for the JCEDC Local Relief Program.
The streamlined application process will be available on this website after the City Council approves the program.
New Jersey Economic Development Authority (NJEDA) Small Business Emergency Assistance Grant for New Jersey small- and medium-sized businesses. Application available for one week only beginning Friday, April 3, 2020. For more information, click https://faq.business.nj.gov/en/articles/3835237-what-grants-are-available-for-small-and-medium-sized-businesses-smes-via-the-njeda-small-business-emergency-assistance-grant-applications-open-april-3-at-9-a-m.
The SBA Payroll Protection Program will provide up to $349 billion in forgivable loans to small businesses so that those businesses can pay their employees during the COVID-19 pandemic. Click here for details.
The SBA has re-launched its Disaster Assistance Loan Program for businesses seeking lending relief from the effects of the Coronavirus. Details may be found on the SBA website: www.sba.gov.
NJEDA has announced partner agencies to offer services to COVID-19 impacted small businesses. Learn more at https://www.roi-nj.com/2020/03/30/finance/njeda-announces-partner-agencies-to-offer-services-to-covid-19-impacted-small-businesses/.
Employers who keep workers on payroll during COVID-19 may be reimbursed. These businesses may be eligible for a dollar-for-dollar payroll tax credit against costs for doing so. The Families First Coronavirus Response Act goes into effect April 1, 2020. Read more at https://njbmagazine.com/njb-news-now/employers-can-get-reimbursed-for-keeping-workers-on-payroll-during-covid-19/.
The U.S. Chamber of Commerce’s online “COVID-19 Emergency Loans: Small Business Guide” offers information on loans through existing SBA lenders for small businesses and sole proprietors available starting April 3, and for independent contractors and self-employed individuals starting April 10. Go to https://www.uschamber.com/report/covid-19-emergency-loans-small-business-guide.
You may wish to log on to the following websites for information on programs and resources that may be helpful to you and your business:
U.S. Economic Development Authority: https://www.eda.gov
New Jersey Economic Development Authority: https://www.njeda.com
City of Jersey City: https://www.jerseycitynj.gov
While we will continue our efforts to serve the small business community, our utmost concern is for the health of our staff, clients and partners.
We are requesting all scheduled, in-person visits be replaced by telephone or virtual sessions. We have restricted our employees from networking and business social events.
We wish you safety and health in these extraordinary times.