Business & Tech
NJ Small Businesses, Non-Profits Get 15 Million Boost In Bucks
Governor Phil Murphy signed the legislation Monday as part of a $100 million relief package for New Jersey small businesses.
NEW JERSEY - Governor Phil Murphy started the day off Monday signing A-A5446, which provides $15 million in federal COVID-19 relief aid for small businesses throughout New Jersey, into law.
“New Jersey’s small businesses were particularly hard hit by the ravages of COVID-19, ” Governor Murphy said. “This legislation, along with three additional bills I signed last week and one I will sign in the near future, will go a long way toward helping hundreds of state businesses keep their doors open as we recover from this year-long ordeal.”
The bill provides aid in the form of grants to small businesses and non-profits in need. The bill is part of a five-bill, $100 million relief effort aimed at helping New Jersey’s small businesses recover from the year-long pandemic.
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“Since the beginning of the pandemic, supporting small businesses has been central to Governor Murphy’s response. These businesses are the lifeblood of our economy, and ensuring they not only recover but come back stronger and better prepared for future challenges is critical to achieving a sustainable, equitable recovery,” NJEDA Chief Executive Officer Tim Sullivan said. “The funding announced today, in addition to the other funds for specific industries announced over the past week, will provide much-needed support for businesses as they overcome the remaining pandemic-related challenges and set the stage for a stronger, fairer recovery.”
The relief aid will be administered by the New Jersey Economic Development Authority, which will announce when the application for the aid is open. To date, the NJEDA has distributed more than $250 million in aid to some 55,000 businesses across the state.
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The signing was held at Jammin’ Crepes, a business that began its journey at a farmers market in the local train station parking lot and in 2014 opened its first brick and mortar location in downtown Princeton.
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