Yesterday, Governor Murphy announced a new relief program for small businesses impacted by the COVID-19 pandemic. The Small Business Lease – Emergency Assistance Program (SBL-EAGP) will allow businesses in 64 eligible municipalities to apply for grants of up to $10,000 for lease costs. The SBL-EAGP is the first component of a broader Main Street Corridors Relief Package, funded by $6 million in federal CARES Act money.
Grant eligibility is limited to tenants leasing commercial space in mixed-used buildings, space in commercial buildings, or space to operate a storefront business. Applications open August 10, 2020, online, and funds will be distributed on a first come first served basis. Eligible municipalities may want to make your main street business aware of this program.
Contact: Frank Marshall, Esq., Associate General Counsel, fmarshall@njlm.org, 609-695-3481 x137.
