NJEDA Announces First Ida/Henri Business Assistance Grant Program Awards
TRENTON, N.J. (September 29, 2021) – The New Jersey Economic Development Authority (NJEDA) today announced the first approvals under the Ida/Henri Business Assistance Grant Program. The NJEDA anticipates approving relief awards for hundreds of additional businesses and nonprofits in the coming weeks.
Created in early September to support communities that were impacted by the remnants of Hurricanes Ida and Henri, the Ida/Henri Business Assistance Grant Program is a $10.5 million program that provides grants of $1,000 to $5,000 to businesses and nonprofits that were damaged by the extreme weather that passed through New Jersey in late August and early September.
Grants awarded through the program are provided in the form of reimbursement of August rent or mortgage payments.
To ensure grants reach businesses in the hardest hit communities, including communities of color, one-third of the funding available through the program is targeted to businesses with a primary business location within a census tract that was designated as eligible to be selected as an Opportunity Zone.
Applications for the Ida/Henri Business Assistance Grant Program were open from September 17th through September 24th. The NJEDA is currently reviewing all submitted applications and distributing funds to eligible businesses and organizations.
About the New Jersey Economic Development Authority
To learn more about NJEDA resources for businesses call NJEDA Customer Care at 609-858-6767 or visit https://www.njeda.com and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.
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