{"id":245,"date":"2020-10-13T15:25:29","date_gmt":"2020-10-13T19:25:29","guid":{"rendered":"http:\/\/blogs.duanemorris.com\/projectdevelopmentinfrastructurep3\/?p=245"},"modified":"2020-10-13T15:25:29","modified_gmt":"2020-10-13T19:25:29","slug":"covid-19-nj-announces-112m-of-grant-funds-for-small-businesses-restaurants-and-families-under-the-cares-act","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/projectdevelopmentinfrastructurep3\/2020\/10\/13\/covid-19-nj-announces-112m-of-grant-funds-for-small-businesses-restaurants-and-families-under-the-cares-act\/","title":{"rendered":"COVID-19: NJ announces $112M of grant funds for small businesses, restaurants and families under the CARES Act"},"content":{"rendered":"\r\n

Earlier today, October 13, 2020, Gov. Phil Murphy announced plans to distribute $112 Million<\/strong> of the state\u2019s CARES Act money via grants to small businesses and struggling families.

$70 million<\/strong> will be distributed by the state\u2019s Economic Development Authority Small Business Emergency Assistance Grant Program:

$35 million<\/strong> to the food service<\/strong> industry (places defined as \u201cfood services and drinking places\u201d);

$15 million<\/strong> to microbusinesses<\/strong> (those with five employees or fewer);

$20 million<\/strong> to replenish the EDA\u2019s existing Small Business Emergency Grant<\/strong> program;

Other grants include:

$10 million<\/strong> to add to the EDA\u2019s PPE program<\/strong>, which helps small business owners purchase PPE;

$15 million<\/strong> to support renters in the Department of Community Affairs Rental Assistance Program;

$5 million<\/strong> to food banks and other hunger relief efforts<\/strong> to help families battling food insecurity;

$12 million<\/strong> for the Department of Human Services\u2019 new Housing Assistance Program, which provide rental or mortgage assistance payments<\/strong> on behalf of eligible households that have suffered a financial hardship.

The source of funds is the $2.4 Billion the state received in money from the CARES Act.

By way of background, the Small Business Emergency Assistance Grant Program provides grants to small businesses impacted by the pandemic. To date, over 19,000 small businesses have benefited from the program. Phase 3 of the Grant Program expands eligibility to any business with 50 or fewer<\/strong> full-time equivalent employees and increases the amount of funding businesses can receive.<\/p>\r\n

Duane Morris<\/strong> has created a COVID-19 Strategy Team to help organizations plan, respond to and address this fast-moving situation. Contact your Duane Morris attorney for more information. Prior Alerts on the topic are available on the team\u2019s webpage.<\/p>\r\n

If you have any questions about this post, please contact Brad A. Molotsky, Elizabeth Mincer, Matthew LoBello<\/strong>\u00a0or the attorney in the firm with whom you are regularly in contact.

Be well and stay safe.<\/p>\r\n

 <\/p>\r\n","protected":false},"excerpt":{"rendered":"

Earlier today, October 13, 2020, Gov. Phil Murphy announced plans to distribute $112 Million of the state\u2019s CARES Act money via grants to small businesses and struggling families. $70 million will be distributed by the state\u2019s Economic Development Authority Small Business Emergency Assistance Grant Program: $35 million to the food service industry (places defined as … <\/p>\n

Continue reading “COVID-19: NJ announces $112M of grant funds for small businesses, restaurants and families under the CARES Act”<\/span><\/a><\/p>\n","protected":false},"author":285,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[439,37,164,440,437,227,438,111,395,441,328],"ppma_author":[520],"class_list":["post-245","post","type-post","status-publish","format-standard","hentry","category-general","tag-112m","tag-brad-a-molotsky","tag-elizabeth-mincer","tag-food-banks","tag-gov-murphy","tag-matt-lobello","tag-microbusiness","tag-nj","tag-ppe","tag-rental-assistance","tag-restaurants"],"authors":[{"term_id":520,"user_id":285,"is_guest":0,"slug":"bamolotsky","display_name":"Brad A. Molotsky","avatar_url":"https:\/\/blogs.duanemorris.com\/projectdevelopmentinfrastructurep3\/wp-content\/uploads\/sites\/37\/2018\/05\/molotskybrad-125x150.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/projectdevelopmentinfrastructurep3\/wp-json\/wp\/v2\/posts\/245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/projectdevelopmentinfrastructurep3\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/projectdevelopmentinfrastructurep3\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/projectdevelopmentinfrastructurep3\/wp-json\/wp\/v2\/users\/285"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/projectdevelopmentinfrastructurep3\/wp-json\/wp\/v2\/comments?post=245"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/projectdevelopmentinfrastructurep3\/wp-json\/wp\/v2\/posts\/245\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/projectdevelopmentinfrastructurep3\/wp-json\/wp\/v2\/media?parent=245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/projectdevelopmentinfrastructurep3\/wp-json\/wp\/v2\/categories?post=245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/projectdevelopmentinfrastructurep3\/wp-json\/wp\/v2\/tags?post=245"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/projectdevelopmentinfrastructurep3\/wp-json\/wp\/v2\/ppma_author?post=245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}