Monday 9:00 AM: NJRA Small Lease Emergency Assistance Grant Program opens

The following was submitted by the LCSC:

Eligible small businesses may apply for the grant here.

The NJRA application portal opens on March 15, 2021 at 9:00 am. We recommend applying right away, as applications will be funded on a first-come, first-serve basis. This program will provide grants of up $30,000 to Commercial tenants located in Ocean County currently leasing commercial space in mixed-used/commercial buildings, and store front businesses that lease their space. Non-profits entities will also be permitted to receive grant funding. Entities who received funding during the first round of funding are eligible to apply again – and can receive up to a total of $30,000 between the two rounds. For example, an entity who received $10,000 in the first round, can apply for another $20,000.

Amount awarded is based on the amount of rent that the applicant is obligated to pay through 2021.

To be eligible as a small business, the applicant’s leased premises must be less than 7,500 square feet of leasable space. Multiple locations leased by the same business shall be aggregated.

Eligible applicants will need to supply:
1)Current copy of executed lease outlining terms and conditions of said agreement. Lease must be current. If your lease is expired, they will accept a signed letter from the landlord that has the name of the business, address of space, the square footage, amount of rent, and length of lease agreement.

2) Contact information for landlord – If an applicant is approved, the Landlord will need to sign a certification within 72 hours of receiving the email from the NJRA.

Applicants need to be a registered business with the State of NJ.

Applications will be handled on a first come, first served basis, so businesses are advised to apply as soon as the portal opens on March 15, 2021 @ 9:00am.

For more information, please contact Alex Lowinger 732.901.6001 x 7

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