Translate
Facebook
Twitter
Instagram
LinkedIn
Soundcloud
MEDIA CONTACT
Press Release
February 5, 2021
< 1 minute read

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.

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 FacebookTwitter, Instagram, and LinkedIn.

###

SHARE

Related Content

Press Release

May 14, 2021

NJEDA Partners with New Jersey City University to Advance New Jersey as Nation’s Epicenter of Online Wagering/Fintech

TRENTON, N.J. (May 14, 2021) – The New Jersey Economic Development Authority (NJEDA) Board recently approved a memorandum of understanding (MOU) with New Jersey City University (NJCU) in Jersey City that will help advance New Jersey’s leadership in the online sports wagering technology and financial technology (fintech) sectors.

Press Release

May 14, 2021

NJEDA to Partner with Stockton University on Esports Innovation Center

TRENTON, N.J. (May 14, 2021) – The NJEDA Board recently approved a memorandum of understanding (MOU) with Stockton University to support the establishment of an esports Innovation Center at the university’s Atlantic City campus.

Press Release

May 12, 2021

NJEDA Board Approves Rules for Emerge Job Creation Tax Credit Program

TRENTON, N.J. (May 12, 2021) – The NJEDA Board today approved the creation of the Emerge program, a new jobs-based tax credit program created under the Economic Recovery Act (ERA) of 2020. The Emerge program will drive economic development in New Jersey by making tax credits available to projects that invest private capital into the state and create good-paying jobs, with a focus on the State’s priority sectors.