CAMDEN COUNTY, NJ– Applications are now open for the Camden County CARES Small Business Grant Program, officials announced Thursday early morning. The county has received federal funds from the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help having a hard time organisations throughout the coronavirus pandemic.
“We hope to process these applications and get cash into the hands of Camden County's small company owners quickly so that these funds can instantly be utilized to keep and stabilize their operations,” Camden County Freeholder Director Louis Cappelli Jr. said. “Small service owners and principals who have actually not yet used should head to camdencountycares.com to complete their application as quickly as possible while funds are still available. We expect to see substantial interest in this program due to the pandemic's widespread effect on the local economy.”
Candidates can use straight on www.camdencountycares.com or by calling 833-487-0462. As of 10 a.m., just 2 hours after launch, 721 services had already submitted their applications. Applications will remain open until all funds have actually been awarded. Funding is offered on a very first come, first served basis, and operations which have actually not gotten federal support will be focused on.
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In order to receive a Camden County CARES Small Business Grant, the candidate should meet the following criteria:
- Business earnings has actually been adversely affected by the COVID-19 pandemic
- Business has actually been found in Camden County because January 1, 2019 or earlier
- The business utilized 25 or fewer workers since March 1, 2020
- Business made $5 million or less in total profits during 2019
Business needs to not operate in any of the following classifications:
- Banks or other financial institutions
- Companies where the primary services or products are oriented to specific ages (vaping, liquor shops, and so on)
- Franchises, other than for those franchises which are totally locally-owned and operated
“The CARES Act has provided important federal resources to city governments, and I applaud Camden County's development in creating this grant program to assist small businesses who need it most,” Rep. Donald Norcross (D-1) said. “These grants will offer crucial funding to the small businesses that power our regional economy and that require our assistance throughout the ongoing public health crisis.”
The grant awards are developed on services' total 2019 income. Those that made less than $25,000 could see grants up to $2,500 and those with profits in between $25,000 and $50,000 are eligible for grants as much as $5,000. Services with earnings in between $50,000 and $100,000 can receive as much as $7,500. The maximum allocation for those that collected more than $100,000 in 2019 is $10,000.
“We know that our members are going through among the most difficult times in the modern period when it concerns running and running a small business,” South Jersey Chamber of Commerce President/CEO Christina Renna stated. “That stated, we are proud to partner with Camden County as they get much needed federal grant funds out to the business neighborhood throughout this time of substantial requirement.”
“I wish to thank Camden County for getting this cash out to primary street and guaranteeing that minority owned services will take advantage of the funding during these difficult times,” Camden Business Association Vice President Nichelle Pace said. “Small services are facing a few of their largest difficulties because the excellent anxiety, consisting of a large disparity space within the minority and women-owned company community. The Camden Business Association is proud to partner with the Board to get the word out to the Camden organisation community, so they can access these funds.”
Yolanda Deaver, owner of Prissy Chic Salon in Camden City, highlighted the effect this support will have on her service right away.
“Big companies may be able to sustain an extended recession, however small companies like my own can not. This grant has the potential to level the playing field for entrepreneurs like me,” Deaver said. “We've had to restrict the number of clients we see in a day, and people are still scared to go outdoors and get ill. This funding could be the distinction in between whether my company remains open or not. Thank you to Camden County for supporting small businesses, and specifically services in the City of Camden where we are important to our community's health and prosperity.'