NJEDA Defers Pre-Registration for Phase 2 of Small Business Emergency Assistance Loan Program
TRENTON, N.J. (February 5, 2020) – The New Jersey Economic Development Authority (NJEDA) today announced that pre-registration for Phase 2 of the Small Business Emergency Assistance Loan Program will be deferred. Pre-registration was scheduled to open on Wednesday, February 10, 2021. The Authority has not announced a new date for the program.
The Authority deferred the launch of the program to accommodate the rollout of additional federal Paycheck Protection Program (PPP) financing for small businesses, which had not been announced when the NJEDA was preparing to launch the Small Business Emergency Assistance Loan Program. To date, more than $2.1 billion has already been loaned to New Jersey businesses through the PPP. The deferral will allow the NJEDA to tailor the Emergency Assistance Loan Program to address gaps in the availability of federal financing and more effectively meet businesses’ unique needs.
The NJEDA will share additional updates on the Emergency Assistance Loan Program and other COVID-19 relief resources as they become available. Information will also be shared on the COVID-19 Business Hub: https://cv.business.nj.gov.
About the New Jersey Economic Development Authority
The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.
October 15, 2021
Notice of CCRC Board Meeting
Please be advised that a Capital City Redevelopment Corporation Board Meeting is scheduled for 11 am, Tuesday, October 19, 2021. The Members will convene via conference call only.
October 13, 2021
A medida que la población hispana de New Jersey sigue creciendo, también lo hace la economía del estado
TRENTON, N.J. (13 de octubre de 2021) - La comunidad hispana se ha vuelto la minoría más grande en los Estados Unidos y es el segundo grupo de más rápido crecimiento en el país detrás de los...
October 13, 2021
NJEDA Board Approves Matching Funds for Four New Jersey Build Back Better Regional Challenge Applicant Coalitions
TRENTON, N.J. (October 13, 2021) – The NJEDA Board today approved the use of matching funds as part of the Authority’s participation in four applicant coalitions to the U.S. EDA Build Back Better Regional Challenge (BBBRC).