Governor Murphy announces Phase 3  of NJ small biz grant funding

Governor Murphy announced and additional $60 million in grants to support small businesses struggling during the pandemic.

Several Collingswood businesses have so far received grant funds during the first two phases of the New Jersey Economic Development Authority's Small Business Emergency Assistance Grant Program.

Collingswood small business owners are encouraged to take advantage of the additional funding and  apply for the Phase 3 grant  on the NJEDA page

The Phase 3 funding is dedicated to those businesses with fewer than 50 employees and includes home-based businesses. $65 million in funding was dispersed throughout New Jersey during Phase 1 and Phase 2.

“As the winter approaches, there are countless small businesses in our region struggling to stay afloat. The aim of these grants is to help these small businesses survive and, eventually, thrive again rather than see them go out of business permanently and further exacerbate the region’s economic slide,” said Freeholder Director Louis Cappelli Jr.