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Press Release
October 25, 2021
2 minute read

NJEDA To Hold Information Sessions for Businesses and Nonprofits in Trenton, Paterson, and Atlantic City on Programs that are part of the $100 Million Main Street Recovery Fund


TRENTON, N.J. (October 25, 2021) – The New Jersey Economic Development Authority (NJEDA) is hosting three virtual information sessions on October 28th for businesses and nonprofits in Trenton, Paterson, and Atlantic City interested in applying for the Main Street Recovery Fund.  The Fund was created under the New Jersey Economic Recovery Act of 2020 (ERA) to support New Jersey small and micro business owners and partnering entities that can serve New Jersey micro businesses, such as Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), and other eligible lenders  that meet specific legislative criteria.

The NJEDA wants to ensure entities in these three cities, which are designated as Government Restricted Municipalities under the ERA, know and understand the newly-developed products associated with the Main Street Recovery Fund, so they are able to benefit from the financial resources provided by this $100 million initiative.

Information will include details on the Small Business Lease Grant, which provides grant funding to offset a portion of lease payments for businesses leasing new or additional space, and the upcoming launch of the Small Business Improvement Grant, which reimburses business owners for costs associated with making interior or exterior building improvements or purchasing/installing furniture, fixtures, or equipment. Additional information will be provided on the ERA, as well as NJEDA’s Emerge and Aspire programs, which focus on job creation and development cost relief, respectively.

The informational sessions will take place at the following times:

Trenton | October 28th at 9:00 a.m. to 10:00 a.m.

Paterson | October 28th at 11:30 a.m. to 12:30 p.m.

Atlantic City | October 28th at 2:00 p.m. to 3:00 p.m.

Additional information about these virtual information sessions can be found at njeda.com/events.

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.

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