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Your resource for current news, policies and helpful updates impacting New Jersey businesses.
Small Business Lease Assistance Grant Program Expanded
An additional $5 million has been allocated to the Small Business Lease - Emergency Assistance Grant Program (SBL-EAGP), which allows businesses in 64 legislatively designated municipalities to apply for grants of up to $10,000 for lease costs. The program, which has already allocated $10 million to roughly 1,000 businesses, assists small business owners impacted by the COVID-19 pandemic.
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Phase 2 of Small Business Emergency Assistance Loan Program Deferred
The pre-registration for Phase 2 of the NJEDA Small Business Emergency Assistance Loan Program will be deferred, with a new date to be announced. The launch of the program is being deferred to accommodate the rollout of additional federal Paycheck Protection Program (PPP) financing for small businesses, which had not been announced when the NJEDA was preparing to launch the Small Business Emergency Assistance Loan Program.
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Cross Program Eligibility on SBA Coronavirus Relief Options
The U.S. Small Business Administration has summarized the criteria that must be met when considering different funding options. This helpful matrix outlines eligibility for recipients and applicants of the Paycheck Protection Program (PPP), Shuttered Venue Operators Grant and COVID-19 EIDL.
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Checklist for Starting a New Business
You have a great idea for a new business. What's next? The New Jersey Business Action Center has compiled a checklist of resources to consult, licenses to secure and a range of additional considerations when starting a new business.
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Upgrade Your Business with NJSBC Webinar Series
NJSBDC is hosting a series of free webinars to help businesses leverage their capabilities and competitive advantage towards success and resiliency. This month's topics include protecting your business from cyber fraud on February 16, avoiding COVID infections on February 17, avoiding credit ruin on February 18, avoiding COVID infections in childcare operations on February 25, and moving from brick and mortar to Google and social media on February 25.
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Legislation Signed to Expand Outdoor Dining
The bill (S3340) sets forth a framework for municipalities to allow restaurants, bars, distilleries, and breweries to utilize outdoor spaces or public sidewalks as extensions of their business premises.
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