Applications for the New Jersey Economic Development Authority (NJEDA) Small Business Lease Grant opened Wednesday, October 20th. The Small Business Lease Grant is a $10 million program designed to revitalize downtowns and main streets by offsetting a portion of the cost associated with businesses leasing street-level space.
The Small Business Lease Grant provides grants up to 20 percent of annual lease payments to small businesses entering new or amended market-rate leases for at least 250 square feet of street-level space. To qualify, businesses must enter a new lease, lease amendment, or lease extension of street-level office, commercial, or retail space. The applicant must also commit to remaining in the leased space for at least five years.
More information and the application are available at https://www.njeda.com/small-business-lease-grant/.