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Route 80 Business Assistance Grant Program

This program provides financial assistance to small and medium-sized businesses in New Jersey that have suffered losses due to temporary closures along Route 80 caused by sinkholes.

$15,000
Closed
Grant Description

The Route 80 Business Assistance Grant Program is administered by the New Jersey Economic Development Authority (NJEDA), an organization focused on fostering economic growth and supporting businesses within the state of New Jersey. This initiative is designed to provide financial relief to small and medium-sized businesses impacted by the temporary closures along Route 80, specifically the area near exit 34. The purpose of the grant is to support eligible businesses experiencing losses as a direct result of disruptions caused by the Route 80 closures, particularly due to sinkholes. The program aims to offer short-term funding to help offset documented financial setbacks sustained during the first quarter of 2025. Businesses must demonstrate a minimum of $1,000 in negative financial impact to qualify. Eligible applicants must have a physical commercial presence in New Jersey, such as an office, warehouse, sales point, or manufacturing site. They must also be registered to conduct business in the state, as evidenced by a valid Business Registration Certificate if required. Additional eligibility criteria include having no more than 50 full-time equivalent employees and being located in one of the zip codes within a five-mile radius of the Route 80 closures: 07438, 07801, 07803, 07834, 07842, 07847, 07849, 07850, 07852, 07856, 07866, 07869, 07876, 07885, 07950, 07874, and 07843. The grant offers between $1,000 and $15,000 per applicant. Applications open on May 29, 2025, at 10:00 a.m. and close on June 4, 2025, at 5:00 p.m. The funding is not awarded on a rolling basis, and the program is not marked as recurring. There are no fees required to apply, and applications must be submitted within the designated timeframe. Applicants are encouraged to consult the available resources such as the program guide, FAQ document, and application slide presentation for detailed instructions. For questions or additional support, applicants may contact NJEDAโ€™s Customer Care team via email at [email protected] or by phone at 844-965-1125. Language translation services are available upon request via [email protected].

Funding Details

Award Range

$1,000 - $15,000

Total Program Funding

Not specified

Number of Awards

Not specified

Matching Requirement

No

Additional Details

Grants range from $1,000 to $15,000 depending on the level of financial loss sustained in Q1 2025 due to Route 80 sinkhole impacts. Businesses must certify a minimum $1,000 loss.

Eligibility

Eligible Applicants

Small businesses

Additional Requirements

Businesses must have fewer than or equal to 50 FTEs, show at least $1,000 in losses from the Route 80 closure during Q1 2025, be registered with the state, and have a commercial physical presence in a listed zip code.

Geographic Eligibility

Only businesses located within specific zip codes within a 5-mile radius of Route 80 closures: 07438, 07801, 07803, 07834, 07842, 07847, 07849, 07850, 07852, 07856, 07866, 07869, 07876, 07885, 07950, 07874, 07843

Key Dates

Application Opens

May 31, 2025

Application Closes

June 4, 2025

Contact Information

Grantor

New Jersey Economic Development Authority (NJEDA)

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Categories
Business and Commerce
Community Development
Route 80 Business Assistance Grant Program | GrantExec