CAMDEN, NJ– Hoping to stop– or a minimum of allay– some of the bleeding felt by small business corridors throughout New Jersey due to the international pandemic, Gov. Phil Murphy on Thursday announced rental support will quickly be readily available to 64 municipalities, consisting of Camden.
In all, $6 million will be dispersed from the new Small Business Lease Emergency Assistance Program, which will be run by the New Jersey Redevelopment Authority.
The cash for the program stems from federal CARES Act funds.
“COVID-19 has actually upended our economy in a manner that only has taken place twice in our state's history– the Great Depression in the '20s and '30s and the Civil War,” Murphy stated at Long Branch City Hall. “We will not let COVID-19 take us down.”
As much as $10,000 will be supplied to small companies and redevelopment authorities for the functions of rent payment(s), authorities stated.
” [We] can not get to where we need to be and where we understand we will be without the women and men who own and operate the small companies that make a town into a community and turn a street into a meeting place for that community,” Murphy said.
The 64 urban communities– selected from 565– were determined to have “special obstacles,” Murphy stated.
“We need our regional economies to rebound from this crisis and come out the other side strong,” Lt. Gov. Sheilah Oliver stated at Thursday's occasion. “But we can only anticipate that outcome by directing programs and financing towards fixing the specific problems that are holding local organisations back.”
The program will aim for company with 5,000 square feet of leased space or less. Grants will be supplied to:
- Tenants renting industrial area in mixed-use buildings
- Tenants leasing space in business buildings
- Renters leasing space to operate a storefront business
More information about the application procedure will be offered online. It will be on a first-come, first-serve basis.
A video of journalism conference is offered below.
Here is the list of towns that qualify.
- Asbury Park
- Atlantic City
- Burlington City
- East Orange
- Gloucester City
- Gloucester Twp.
- Harrison (South Jersey)
- Jersey City
- Long Branch
- Monroe Twp. (Gloucester)
- Mount Holly
- Neptune City
- Neptune Twp.
- New Brunswick
- North Bergen
- Old Bridge
- Pemberton Twp.
- Penns Grove
- Perth Amboy
- Union City
- West New York
- Winslow Twp.