The New Jersey Economic Development Authority is offering a Small Business Improvement Grant that offers reimbursement for costs associated with building improvements or purchasing new furniture, fixtures and equipment.
A total of $15 million of Main Street Recovery Finance Program funding will be utilized to capitalize the Small Business Improvement Grant.
Of this $15 million, 40 percent ($6 million) will be reserved for businesses and nonprofits located in Opportunity Zone eligible census tracts. Applications are accepted on a rolling basis until funding is exhausted.