The New Jersey Economic Development Authority (NJEDA) is now accepting applications for the Small Business Improvement Grant.
The 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 which 40 percent ($6 million) 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.
Information Courtesy of the New Jersey Business Action Center & NJEDA