New Jersey Economic Development Authority Pilot Main Street Acquisition Support Grant Program
Description: This grant program offers awards up to $50,000 to eligible New Jersey small businesses to reimburse closing costs for the recent purchase of a New Jersey commercial property from which the small business will continuously operate.
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Board meeting
237 days before RFP
The NJEDA Board approved creation of the Main Street Acquisition Support Grant pilot, its Main Street Recovery Fund capitalization, and delegated authority to approve eligible applications.
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COMMUNITY DEVELOPMENT ITEM: Main Street Acquisition Support Grant REQUEST: To approve: (1) The Creation of the Main Street Acquisition Support Grant - a pilot product under the Main Street Recovery Fund that will offer a grant to reimburse an eligible small business for closing costs related to a New Jersey commercial property that the business will…
New Jersey Economic Development Authority Minutes Of The Meeting
Main Street Acquisition Support Grant $ 10,000,000.00 February of 2024 Hasn't launched yet EDA Admin Fee $ 500,000.00 Temp $ 500,000.00 Total $ 11,000,000.00
New Jersey Economic Development Authority Minutes of The Meeting
NJEDA's CEO memorandum proposed creating the Main Street Acquisition Support Grant, with up to $5 million proposed for product capitalization and additional proposed administrative and staffing funds.
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SUBJECT: Main Street Acquisition Support Grant Summary The Members are asked to approve: 1. Creation of the Main Street Acquisition Support Grant product - a pilot product under the Main Street Recovery Fund that will offer a grant of up to $50,000 to reimburse an eligible NJ small business for closing costs related to a New Jersey commercial property that…
New Jersey Economic Development Authority Minutes Of The Meeting
RFP published
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