The Small Business Lease Grant supports the growth and success of small businesses and nonprofits by providing grant funding to cover a portion of lease payments. These resources will help the establishment and growth of small businesses, while also helping to fill space that is currently vacant and preventing future vacancies.
The program is being funded through the Main Street Recovery Finance Program (NJ Economic Recovery Act). Of this $10 million allocated for the program, 40 percent ($4 million) will be reserved for businesses located in Opportunity Zone eligible census tracts.
Applications will be accepted on a rolling basis beginning October 20th, 2021