On April 14th, the New Jersey Economic Development Authority (NJ EDA) announced Phase 4 of the Small Business Emergency Assistance Grant Program, adding $85 million in funds from the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Out of the $85 million, $10 million will be used to support child care businesses that experienced obstacles during the pandemic, including caps on capacity and increased costs. Grants can be as high as $20,000, depending on how many full-time employees work at the center. To find out how much your center can potentially receive from the grant, click here.
Centers can pre-register for the funds between April 19th and April 29th until 5:00 PM. On May 5th, starting at 9:00 AM, centers can visit the same site to fill out the application. Applications will be open for one week and will be accepted on a first-come, first-served basis, based upon the date and time NJ EDA receives a completed application submission.
The NJ EDA also offers technical assistance and low-cost financing programs. More information is available at business.nj.gov/covid, or by calling 844-965-1125.