NJ EDA Small Business Grant Opportunities

Small Business Improvement Grant Open to NJ small businesses, nonprofits, and home-based businesses. Reimbursement grant for interior and exterior renovations, the purchase and installation of new furniture, fixtures, and equipment.  The work must be completed, and items paid for within two years from the date of application. Reimbursement is 50% of total cost, up to $50,000 maximum award.  Program details and grant application are on the NJEDA website.

• Open to NJ small businesses with a new 5-year (or longer) lease of street level space, between 250 and 10,000 square feet. Amended leases may be eligible if additional space is added.
• Lease must be executed within the previous 12 months from the grant application date.
• Grant award is 20% of annual lease payment upon grant approval, and a second 20% payment of the annual lease amount after one year.
• Program details and grant application are on the NJEDA website.

• Open to NJ restaurants, retail, and personal care businesses that operate from a commercial location.
• Free E-Commerce and digital marketing consulting such as website development, website optimization, E-Commerce platform, online ordering, online appointment booking, and digital marketing plans. 
• This program is consultant led; business owners should reach out directly to approved vendors to get started. There is no online application through the NJEDA.

The Main Street Acquisition Support Grant reimburses eligible NJ small businesses for closing costs related to the purchase of a NJ commercial property from which the small business will operate.

• Open to eligible NJ small businesses or non-profits entities who purchase a commercial property and occupy at least 1,000 square feet for commercial use.
• Reimbursement for closing costs up to $50,00.
• Closing must take place after program opening date of October 1, 2024, application must be made within 1

NJ Capital Access Fund (NJCapitalAccessFund.com) leverages Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) to offer a working capital loan product for New Jersey-based small businesses and nonprofits.  

Loan features:  

• Fixed competitive interest rates and flexible spending guidelines.
• Open to NJ small businesses and nonprofits with less than 50 employees and annual revenue of $10 million or less.
• Loan amounts up to $250,000, repayment periods 36- 60

• No origination fees or prepayment penalties.
• No specific collateral or minimum credit score required.
• Pre-application online at: NJCapitalAccessFund.com