The grants are for small businesses impacted by Superstorm Sandy. The Economic Develoment Authority has approved over $1.2 million in grants to 28 Ocean City businesses to date, according to an announcement issued by the authority Thursday night.
The grants are funded through New Jersey’s Community Development Block Grant Disaster Recovery (CDBG-DR) allocation from the United States Department of Housing and Urban Development (HUD). Similar to other Sandy relief grant programs, there are strict federal eligibility requirements to which the EDA and applicants must comply.
“We are very pleased to extend this support to impacted businesses in Ocean City and, we remain committed to getting help to all eligible businesses that have applied for Stronger NJ Business Grants and Loans,” Economic Development Authority Chief Executive Officer Michele Brown said. “As part of this effort, EDA was in Ocean City today to help businesses finalize their applications and move the process forward.”
The authority is inviting applicants to one-on-one meetings with business advisors in their respective communities to assist impacted businesses with the completion of their applications. This will help expedite the process and ensure that additional burdens are not placed on the businesses.
Workshops are scheduled for twice a week throughout May and into June.
Workshops have been held in Ocean City, Seaside Heights, Beach Haven and Sea Bright since last week.
Applicants are contacted via telephone prior to the workshops to schedule appointments and are informed of any documentation or information needed to complete their application.
Over 470 impacted businesses in New Jersey have been approved for grants and loans totaling more than $50 million to date.
The authority has also recommended the approval of 11 municipalities for $10 million in Streetscape grants under the Stronger NJ Neighborhood and Community Revitalization program. It has also provided $2.5 million in grants to five Community Development Financial Institutions offering recovery loans to Sandy-impacted small businesses.
For more information on the Stronger NJ Business programs, visit http://application.njeda.com/strongernjbusiness or call the Sandy hotline at 1-855-SANDY-BZ (1-855-726-3929).