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The original item was published from 11/13/2020 8:57:03 AM to 11/13/2020 9:04:30 AM.

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Clerks Office

Posted on: November 13, 2020

[ARCHIVED] BREAKING NEWS FOR THE BUSINESS COMMUNITY

Passaic County Grant Opportunity Business

Grant application will go live on November 16th!

 

Join us for an information Webinar on November 12th at 12:00PM

 

VISIT this Link to Register: 

  bit.ly/PassaicCounty_Grants

Eligible Expenses

Under the Passaic County Business Emergency Assistance Grant Program, funding can ONLY be used to cover the following business costs/expenses and all grants will be ACH wired directly to landlords or real estate holding companies: 

·        Lease
payments (September, October, November, December) 

 

Grant Amount

The Passaic County Business Emergency Assistance Grant Programwill provide grants up to, and not to exceed $20,000 per company for rent
expenses. The grant cannot exceed $20,000 per company.

 

Eligible Businesses

Companies located in the 16 municipalities of Passaic County areeligible to apply to the NJRA/Passaic County Business Emergency Assistance
Grant Program. However, businesses must meet the following criteria:

 

·        Businessesmust have a physical location in Passaic County; 

·        Businesses
must be a: Sole-proprietorship, LLC, LLP, Corporation, or S-Corporation 

·        (There areno minimum or maximum number of employees by company) 


Ineligible Businesses

The following types of businesses are not eligible for the grant: 

·        Home-based
businesses 

·        Franchiseswith more than one location 

·        Companies
with sub-leases 

·        Companieswith shared spaces 

·        Businesses
with gambling or gaming activities; 

·        Businessesthat conduct or purveyance of “adult” activities, services, and/or products 

·        Tattoo
parlors 

·        Businessesunder any auction or bankruptcy; 

·        Businesses
that have loss due to fire, “lost-of-lease,” or are “going-out-of-business,” 

·        Sales bytransient merchants; 

·        Liquor
stores, bars 

·        Vape/tabacoshops 

·        Outdoor
Storage; 

·        Any illegalactivity; and 

·        County
employees and elected officials, as well as their immediate families, are not 

eligible to apply. 


Grant Program Requirements

The following general requirements must be met to be consideredfor funding:

 

·        Businesses
must be current with local and NJ Taxes 

 

·        Businesses cannothave received a New Jersey Economic Development Authority, 

NJRA or US Small Business Administration grant for Covid-19 relief
for the same use

provided under this Passaic County Business Emergency AssistanceGrant Program to

avoid a duplication of benefits 

Businesses must have been open and operating on or before March 9, 2020 and cannot 

have been delinquent in rent payments prior to March 9, 2020. 

 

·        If the applicant is also the property owner, property taxes, water, and sewer taxes, must 

be current at the time of the application.


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