Business Owners 

ACDEVCO and the Chelsea Economic Development Corporation are providing​

• Grants for businesses that rent to buy a building

• · Façade improvements to owner-occupied stores

• · Technical assistance applying for grants and loans

• · Funds to beautify and promote Chelsea businesses between

• Annapolis to Texas Avenue

Current Grant and Loan Programs

NJEDA Small Business Emergency Assistance Grant - Phase 4

Pre-registration required before Thursday, April 29th (5:00 p.m.)

Provides grants up to $20,000 to small- and medium- sized businesses and non-profits

Micro-businesses with five or fewer FTEs and sole proprietorships up to $10,000; businesses with six to 25 FTEs up to $15,000;

businesses with 26 to 50 FTEs will receive up to$20,000.

(see other side for filing dates)

· Atlantic County Improvement Authority Forgivable Business Loan

Up to $25,000 based on lost revenue due to COVID-19 https://www.acianj.org/applications/

· Paycheck Protection Program (through your bank)

· NJEDA Business Lease GRANT Program for NEW space – www.njeda.com/LeaseAssistance

· SBA Restaurant Revitalization Fund – Program has not opened yet but to see a sample application, easily find “SBA Form 3172” online to prepare.

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NJEDA Small Business Emergency Assistance Grant - Phase 4 https://business.nj.gov/covid

The NJEDA is aware of the issue with the pre-registration portal and is working to resolve it. Pre-registration is NOT first come, first served and the pre-registration portal will remain open until 5:00 p.m. on Thursday, April 29. Phase 4 of the New Jersey Economic Development Authority (NJEDA) Small Business Emergency Assistance Grant Program provides grants up to $20,000 to small- and medium- sized businesses and non-profits that have been negatively impacted by the COVID-19 pandemic. Check your eligibility for Phase 4 grant funding.

To receive text message reminders about key Phase 4 pre-registration dates, text “grant4” to 888-NJEDA-21 (888-653-3221).

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Business Are Required to Pre-Register to Be Eligible for Phase 4 Grants Interested business owners need to pre-register at programs.njeda.com between Monday, April 19, 2021 at 9:00 a.m. and Thursday, April 29, 2021 at 5:00 p.m. Pre-registration is not first come, first served, but businesses are encouraged to begin the process as early as possible. Watch a video walk-through of the pre-registration process. You can also call 844-965-1125 for assistance with the pre-registration process.

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Make Sure Your Businesses is Properly Registered

Sessions will be held on Friday, April 16, 2021 at 3:00 p.m. and Monday, April 19, 2021 at 5:00p.m. These sessions will cover what it means to be “properly registered” with the State, how business owners can check their registration status, and what to do if a business is not properly registered. Both sessions can be accessed through zoom. When asked to enter a password, type: GRANT

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Applications

Following pre-registration, applications will become available on a rolling basis. Pre-registered applicants will need to return to programs.njeda.com to complete an application based on the following schedule:

Businesses that did not apply for, or were not approved for Phase 3 funding – 9:00 a.m. on May 3, 2021. Click here to check if your businesses was approved for a grant during phase 3

Restaurants and child care providers – 9:00 a.m. on May 5, 2021

Micro businesses (five or fewer FTEs) – 9:00 a.m. on May 10, 2021

All other small businesses – 9:00 a.m. on May 12, 2021

Applications for each category will be open for a period of one week and will be accepted on a first-come, first-served basis, based upon the date and time the Authority receives a completed application submission.

Pre-registration and grant applications will be available in English and Spanish. The NJEDA is also offering interpretation services to support speakers of ten additional languages: Arabic, Chinese(Mandarin and Cantonese), Gujarati, Hindi, Italian, Korean, Polish, Portuguese, and Tagalog.