The New Jersey Economic Development Authority (NJEDA) plans to create a $5 million grant program aimed at supporting small businesses in Morris County that have experienced a decline in revenue due to the lane closures on Route 80 caused by the ongoing sinkhole repairs. The Route 80 Business Assistance Grant Program will provide grants for businesses and non-profits located in close proximity to Exit 34 off of Route 80. The grant program will go to the NJEDA Board for approval this week.
The Route 80 Business Assistance Grant Program will provide grants to small businesses and nonprofits that have up to 50 full-time employees. Applicants must certify a negative financial impact of at least $1,000 for the first quarter of 2025. Pending the NJEDA Board’s approval, the Authority is expected to open applications for the grant program by the end of the month. Additional program details and eligibility requirements will be available upon Board approval. Interested parties can check the NJEDA’s website and social media pages for updates.
Contact: Paul Penna, Director of Government Affairs, ppenna@njlm.org, 609-695-3481, x110.