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Governor Murphy Announces Additional $15 Million in CARES Act Funding to Recovery of Small Businesses
Governor Phil Murphy announced today that an additional $15 million in Coronavirus Aid, Relief, and Economic Security (CARES) Act funding has been made available to New Jersey small businesses struggling with the pandemic. This funding is in addition to the $100 million the New Jersey Economic Development Authority (NJEDA) is currently administering through programs to COVID-19-impacted businesses.
“COVID-19 is first and foremost a health crisis, but also a severe economic crisis, and nowhere is that more evident than in the State’s small business community,” said Governor Murphy. “Throughout this crisis, small business owners have worked incredibly hard to adapt and protect public health while supporting their employees and families. We are committed to ensuring New Jersey’s vibrant small business community weathers this storm and emerges stronger. The additional funding announced today will support businesses as they continue to adapt to the ‘new normal’ we are living with now and lay the groundwork for a speedy and complete recovery.”
The $15 million in CARES Act funds announced today will bolster the NJEDA’s Small Business Emergency Assistance Grant Program, which provides grant funding for small businesses struggling with COVID-19-related challenges. Launched in early April with $10 million of NJEDA funds, the Program initially offered grants of up to $5,000 to a narrowly-targeted set of small businesses that included restaurants and in-person retail establishments.
Somerset County’s Business Resource Hub
We believe offering premier business resources is the best method of creating vibrant connections in Somerset County. These tools have been developed to attract and retain industries and companies that fit well within Somerset County’s existing infrastructure, physical structures, and workforce assets. In the age of Covid, these resources for businesses are more important than ever. They’ll help you make strategic business decisions and better connect with the community.
What can you expect to find on our Resource Hub?
• Responding to the business impacts of Covid• Diversity & Inclusion in Somerset County• Access to our Comprehensive Economic Development Strategy• Somerset County Tourism and their Destination Guide• and more!
Check out the Resource Hub
Looking for Covid resources?
• New Jersey Executive Orders• Reopening Timelines & Guidance• NJ Department of Health COVID-19 Administrative Orders• NJ State Business Resources for COVID-19• NJ State General Resources for COVID-19• NJ Department of Labor Return to Work Resources• NJ Economic Development Authority Assistance Programs• Additional Local & County Financial Assistance Programs• NJ Department of Labor Employer & Employee Leave Benefits• NJ PPE Supplier Registry• NJ 24-Hour COVID-19 Health Hotline: 800-222-1222
Federal Resources• OSHA Guidance on Preparing Workplaces for COVID-19• CDC Guidance on Returning to Work• U.S. Department of Labor Paid Sick Leave Qualifications• Guidance on Workplace Leave• SBA Hotline: 800-659-2955