Fy22 Business Marketing Initiative
To encourage national and international business entities to relocate and expand in New Jersey, the New Jersey Department of State seeks proposals for 5,000,000 Dollars in grants to develop and implement a business marketing initiative. Grants will be awarded between August 1, 2021, and July 31, 2022, for the year 2022. Interested New Jersey non-profit 501c3 organizations with experience working with other government agencies or public entities are invited to submit proposals.
Small Business Grants Still Available In New Jersey
New Jersey serves as the headquarters for some of the largest pharmaceutical companies in the world and is known for its sprawling suburbs, manufacturing capabilities, pristine shorelines and its 861,000 small businesses. However, high taxes, bloated state budgets and little support from the state government has always made it a tough place for small businesses to thrive in.
Those difficulties were compounded by the COVID-19 pandemic, which hit the Garden States small business community harder than 2013s Superstorm Sandy. From restaurants along one of the states many boardwalks to retailers in one of the states 52 cities, roughly one-third of small businesses temporarily or permanently closed between 2020 and 2021. Many continue to struggle to stay afloat to this day, especially with spiking inflation, interest rate hikes and another recession looming.
Fortunately, there are several grant programs and contests available on both a national and state level that can help those small businesses survive and grow.
On a national level, there are grants and contests that are still open that can land you a large pool of money and are worth applying for:
Kapitus $250K Building Resilient Businesses Contest Deadline is Looming!
WomensNet Amber Grant
American Express and Main Street Americas Inclusive Backing Grants
Skip Monthly Business Grant
State Level: Open To New Jersey Small Businesses Only
Despite the fact that most of the pandemic-related federal aid to small businesses has dried up, the state is still offering several grants and inexpensive financing opportunities to assist small- and micro-businesses:
The Small Business Lease Grant
Small Businesses in the Garden State should always keep an eye on The NJ Economic Development Corp. for new grant and tax relief opportunities.
The NJ Economic Development Authority is administering grants to help small businesses and nonprofits with physical locations pay their rents. The $10 million program was funded by the NJ Economic Recovery Act passed in 2021 and is being funded by the states Main Street Recovery Finance Program.
The idea behind the program is to assist in filling vacant lots across the state and assist in the growth of small businesses. Applicants must have a new or newly amended lease that is at least 250 sq. ft. larger than their previous space, and the lease must be for a minimum of five years. Deadline is ongoing, and funding amount depends on the business. To learn more, click here.
New Jersey State Trade Expansion Program
New Jersey has always been a major hub for international trade due to its many marine ports, such as the Port Newark Container Terminal, the Port Jersey container terminal in Jersey City and South Jersey Port Corp. in Camden.
NJEDA Small Business Improvement Grant Program
Main Street Micro Business Loan Program
Free Money is Better than Attitude!
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Social Distancing And Masking
Social distancing and masking is not required in most indoor or outdoor spaces, and there are no capacity limits for businesses or worksites open to the public.
Businesses have the right to require stricter mask policies, but businesses are not allowed to restrict the use of face masks by their staff, customers, or visitors. Municipalities and counties are also permitted to impose stricter requirements on masking in businesses open to the public.
New Jersey is strongly encouraging both vaccinated and unvaccinated individuals to wear a mask and social distance in indoor settings where there is increased risk, including:
Social distancing, masking, and other safety measures are still required in high-risk areas such as healthcare settings, public transportation, child care centers, correctional facilities, and homeless shelters.
In addition, the majority of State offices open to the public, including New Jersey Motor Vehicle Commission locations, continue to require masking of staff and visitors. Individuals should review setting-specific requirements in advance of arrival.
Receive Help With Us Small Business Administration Ida Loan Applications
TheAfrican-American Chamber of Commerce of New Jersey and the Statewide Hispanic Chamber of Commerce of New Jersey can help businesses that sustained storm damage with their U.S. Small Business Assistance Disaster Loan applications. This assistance includes preparing financial information, packaging application documentation, and other services. Contact the organizations directly for support. Businesses should not wait for insurance claims to be completed to apply for an SBA loan.
Contact the AACCNJ or SHCCNJ for more information.
Read Also: South Carolina Small Business Grants
Economic Injury Disaster Loan Emergency Advance
In response to the Coronavirus pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.
Fy23 Business Marketing Initiative
Grant Proposals Due Date: August 5, 2022 at 12:00 PM
The New Jersey Department of State is seeking proposals to award a two grants each for $5,000,000. One to develop and execute a business marketing initiative to highlight the benefits of doing business in the state of New Jersey and to encourage national and international business entities to relocate and expand in State. The grant period will run from September 1, 2022, to August 31, 2023. This grant will be funded with State dollars.
The other is to develop and execute a business marketing initiative to highlight the benefits of doing business in the state of New Jersey and to encourage national and international business entities to relocate and expand in State as it relates to the COVID19 Pandemic and its recovery. This grant will be funded with Federal American Rescue Plan dollars. The grant period will run from date funds become available, to December 31, 2026.
The NJDOS is seeking these proposals from qualified New Jersey non-profit 501c3 entities specializing in state or international based economic development marketing, with demonstrated prior experience in working with other governmental or public entities for the purposes of business marketing.
Recommended Reading: State Grants For Small Businesses
Njeda Aspire Development Tax Credit Program
Founded under the New Jersey Economic Recovery Act of 2020 , the Aspire program is administered by the NJEDA. Tax credits are provided through the Aspire program to projects that have financing gaps for mixed-use, transit-oriented development.
The Aspire program is part of the ERAs suite of economic development resources to address the ongoing effects of COVID-19 on New Jerseys economy. Tax credits are available for New Jersey commercial and residential development projects with a financing gap to encourage mixed-use, transit-oriented development.
Depending on the projects location, the type of financing available, and other factors, the amount of tax credits a project can receive is determined by a percentage of its eligible project costs. Tax credits are available for up to $42 million for most projects, but up to $60 million may be available for projects that meet specific criteria. Tax credits of up to $350 million are available for transformative projects that meet certain parameters.
The cost of transformative projects must reach at least $100 million, and the area of the project must be at least 500,000 square feet or up to 250,000 square feet for projects at film studios. Moreover, transformation projects must demonstrate special economic importance to New Jersey to attract or retain employers and skilled workers.
National Association For The Self
The grants under this organization permit small business owners to apply for a grant to fund their specific business requirements.
Grant receivers must purchase computers, farm equipment, part-time staff, marketing materials, and other items to meet the qualifying requirements.
The NASE Growth Grants program provides funding to micro-business owners with a specific enterprise need who lacks the financial resources to meet that need.
The initiative was created after an online NASE Member poll revealed that most micro-business owners use personal funds to start their enterprises.
And that many continue to utilize personal savings for continuing funding.
Members can apply for up to $4,000 in financing through the program to help them fulfill a specific business need.
These needs can be from buying new equipment or software or supporting advertising, marketing materials, or training.
Since its inception in 2006, the group has given out more than $600,000 in grants to its members.
For more information, you can visit
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Rural Business Development Grant
This business development grant assists rural businesses. However, the grant does not provide money but technical training to the business owners.
And according to their guidelines, assistance is only given to those with less than 50 employees in their business. And the gross revenue does not exceed $1 million.
Another eligibility criterion under this grant is making small business owners help the rural areas or towns in New Jersey.
And about the grant amount, the government specifies no maximum amount.
Applicants are advised to consider program information specific to your local or state office to understand local application timelines, concept paper requirements, etc.
Grant award Business owners willing to apply for the grant can visit USDA Rural Developments office.
These offices are available at the local and state level to visit any of your nearby headquarters.
Claimant thinking to apply for the grant is suggested to follow program information specified by the administration.
To know how to apply, you can visit
New Jersey Redevelopment Authority : Small Business Lease
On Friday, August 7th, the HCEDC joined the New Jersey Redevelopment Authority for a webinar focused on NJRAs Small Business Lease-Emergency Assistance Grant Program. Designed for small businesses whove struggled to pay their rent as a result of the COVID-19 pandemic. This program can provide rent/lease assistance up to $10,000 for businesses in NJRAs 64 eligible communities.
Read Also: Grants For Start Up Business
Small Business Improvement Grant
Now Accepting ApplicationsThe NJEDA has received a significant number of applications for the Small Business Improvement Grant. Given the high volume of applications received, we ask that any applicant please remain patient while our team works through our review of these applications.
The Small Business Improvement Grant offers reimbursement for costs associated with making building improvements or purchasing new furniture, fixtures and equipment.
PROGRAM DETAILS
The Small Business Improvement Grant provides reimbursement for costs associated with making building improvements or purchasing new furniture, fixtures and equipment. A total of $15 million of Main Street Recovery Finance Program funding will be utilized to capitalize the Small Business Improvement Grant.
Of this $15 million, 40 percent will be reserved for businesses and nonprofits located in Opportunity Zone eligible census tracts.
Applications will be accepted on a rolling basis until funding is exhausted.
ELIGIBILITY
Businesses and nonprofits may be reimbursed for capital improvements, or purchase and/or installation of new furniture, fixtures, and equipment. Landlords are not eligible.
Applicants are limited to one application per federal Employer Identification Number . Applicants operating from multiple locations under a single EIN would be limited to one application under the sole EIN, but may pool project costs from multiple locations into a single application.
Applicants:
AWARD SIZE
FEES
Njeda Main Street Lenders Grant
Micro business lenders can use the Main Street Lenders Grant to create new micro business loan products or augment existing financial assistance programs. Additionally, lenders may qualify for grants to provide technical assistance to micro-businesses to better prepare them for loan approval.
Loan grants of up to $1 million are available to eligible lenders to establish or expand micro business lending products. Under the Main Street Lenders Grant, any eligible entity may apply for up to $1.5 million .
Eligibility Criteria
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New Jersey Housing & Mortage Finance Agency : Small Landlord Emergency Grant Program
Attention landlords, if you are a primary property owner with 3 to 10 rental units in New Jersey and your tenants were impacted by COVID-19, help is on the way. The New Jersey Housing and Mortgage Finance Agency is launching the Small Landlord Emergency Grant Program to help landlords with missed rent payments between April and July 2020. The HCEDC joined the City of Jersey City and NJHMFA for a webinar on Tuesday, August 18 focused on how you can potential applicants can seek funding from the grant.
Apply For The Covid Economic Injury Disaster Loan
The COVID Economic Injury Disaster Loan program is a federal disaster relief loan designed to better serve and support our small business communities still reeling from the pandemic, especially hard-hit sectors such as restaurants, gyms, and hotels. The U.S. Small Business Administration is ready to receive new applications immediately from small businesses looking to take advantage of new policy changes which include an increased loan cap to $2 million, expanded use of funds, and more.
Read Also: Los Angeles Small Business Grant
Apply For The Economic Redevelopment And Growth Program
The Economic Redevelopment and Growth Program helps developers and businesses address project financing gaps, such as below market development margins or rates of return on development or redevelopment projects. Qualified residential projects can receive tax credits of up to 20% of total eligible projects costs. Qualified commercial projects can receive an incentive grant reimbursement of up to 20% of total eligible project costs. Some projects may be eligible for bonuses. Applications are now open.
Free Grants As Well As Loans In New Jersey For Minorities And Women Businesses
Find the main government programs, corporation and lender programs available in New Jersey. The list of free grants as well as loans below are open to most if not all residents of the state. However there will be some funds allocated to minorities as well as women, veterans, and others.
There are financial assistance programs that operate year round. Find details below by category, including by city/county/geography. There are also free grants and loans by month in Florida, as you continue to scroll down the page.
Recommended Reading: Us Government Small Business Grants
Us Small Business Administration
U.S. Small Business Administration will now offer low-interest federal disaster loans for working capital up to $2 million to New Jersey small businesses. Applicants may apply online and can download applications using the link below. Applicants may also call SBAs Customer Service Center at 659-2955 or email the for more information on SBA disaster assistance.
Njeda To Open Small Business Improvement Grant Application On February 10th
Trenton, N.J. The New Jersey Economic Development Authority today announced plans to open applications for its Small Business Improvement Grant on Thursday, February 10 at 10:00 a.m. The Small Business Improvement Grant is the second of several products the NJEDA is launching under the Main Street Recovery Program, to help small businesses become more resilient and position themselves for growth.
Funded with $15 million, this product will reimburse eligible small businesses and nonprofits for up to 50 percent of eligible project costs associated with building improvements or the purchase and/or installation of new furniture, fixtures, and equipment made on or after March 9, 2020, but no more than two years prior to application. The maximum grant award will be $50,000 per business entity for the life of this program.
Small businesses are the backbone of New Jersey, said Governor Phil Murphy. This program will allow small businesses and non-profits throughout our state to make the investments necessary for their success and for improvements to their spaces. Since the beginning of our administration, the NJEDA has been focused on making New Jersey stronger and fairer for all New Jerseyans, and the Small Business Improvement Grant is just one of many examples of what we are doing to ensure that small businesses share in the benefits of the Economic Recovery Act of 2020 .
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About the New Jersey Economic Development Authority
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Njeda Main Street Recovery Finance Program
This program assists New Jersey micro-business owners who want to start or expand their businesses and partnering entities that can provide services to them. These entities include Community Development Financial Institutions and Economic Development Corporations that meet certain legislative requirements to qualify. There has been an allocation of $100 million for the Main Street Recovery Finance Program as part of the Economic Recovery Act. There will be a variation in award sizes depending on the product.
New Jersey Small Business Grants
With more than $16,785.00 million dollars in grants and additional local government funding sources of $13,515.00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth in New Jersey. There are 195,445 business establishments in the state of New Jersey, and they break down to the following:
New Jersey Business Sector Breakdown by Size:
- 121,666 registered businesses in New Jersey have 0 to 4 employees. People who work at home with sole proprietorship are included in this breakdown.
- 31,796 registered businesses in New Jersey have 5 to 9 employees.
- 18,893 registered businesses in New Jersey have 10-19 employees.
- 16,102 registered businesses in New Jersey have 20-99 employees.
- 3,787 registered businesses in New Jersey have 100 to 499 employees.
- Over 3,201 registered businesses in New Jersey have over 500 employees.
New Jersey Business Sector Breakdown in Service Industries:
If you are in the farming industry, you may be eligible to apply for small business grants as well. There are more than 10,000 farms in the state of New Jersey.
To apply for business grants in New Jersey, contact New Jersey financial aid agencies.
Recommended Reading: Usda Rural Development Grants 2022