Business Report: Small businesses damaged by flooding can apply soon for EDA grants

Businesses and nonprofits with up to 50 employees can apply for grants of $1,000 to $5,000

The New Jersey Economic Development Authority says it will have more details next week about when small businesses can apply for the $10-million grant program the governor announced on Friday. Businesses and nonprofits with up to 50 employees will be able to apply for grants of $1,000 to $5,000, but landlords and home-based businesses are not eligible. In Millburn earlier Friday, Tim Sullivan, CEO of the EDA, vowed the agency will get money out to businesses as fast as it can.

New hiring slowed dramatically in August. Just 235,000 new jobs were added across the country last month compared to expectations for 720,000 jobs. Economists say the delta variant of the coronavirus is causing some employers to be reluctant to hire, and some employees to be fearful of returning to work. Jane Oates, president of the nonprofit WorkingNation, expects to see improvement heading into the fall, especially for female job seekers.

The state is launching a new Eviction Protection Program for low- and moderate-income residents. The announcement came as the Department of Community Affairs shared details on how much money it has provided for rent relief.  The department says more than $232 million in rent relief was distributed to nearly 26,000 households. The new program announced this week will pay rent in arrears and future rent, as well as utility assistance for up to 24 months for those impacted by COVID-19.

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