Economic Revitalization

Community Development Block Grant (CDBG) Programs

Stronger NJ Business Grant Program (CDBG-DR)

Eligible small businesses and non-profits that sustained physical damage may apply for grants of up to $50,000. These grants can be used for rehabilitation, new construction, equipment, inventory, mitigation, refinancing, and working capital among other uses. The working capital and other uses may be structured as forgivable loans. 
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Stronger NJ Business Loan Program (CDBG-DR)

Program loans of up to $5 million are assisting small businesses and non-profits that suffered physical damage, as well as spurring economic revitalization by providing funding for expansion and new businesses in storm-impacted areas.
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Stronger NJ Neighborhood and Community Revitalization Program (CDBG-DR)

This program provides funding to help communities with public facility improvements such as streetscapes, lighting, and sidewalks; business assistance initiatives such as micro-loans for storm-related damage and loan guarantees for loan loss reserves; and façade and code-related improvements.
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Private Disaster Relief Resources

Main Street Disaster Relief Program

The Main Street Disaster Relief Program can make available through the New Jersey Economic Development Authority guarantees of up to $500,000 for commercial lines of credit to businesses that need access to cash to improve their damaged property while awaiting insurance proceeds. Additional information about the Main Street Disaster Relief Program is available at the below link.
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Union County Economic Development Corporation (UCEDC) Assistance

UCEDC, a statewide economic development corporation, is offering working capital loans up to $25,000 at only 2% for five years to meet the needs of small businesses affected by Superstorm Sandy. Additional information is available at the below link.
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REBUILD New Jersey Program

Offered by New Jersey Community Capital (NJCC), the REBUILD New Jersey Program is available to provide low-interest loans to New Jersey businesses that are recovering from Superstorm Sandy. These loans range from $10,000 - $65,000 and may be used to pay for building repairs, equipment and inventory purchases, rent or mortgage payments, salary expenses and utility costs. Loan applications and additional information is available at the below link.
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The Intersect Fund Disaster Relief Loans

The Intersect Fund is a New Jersey non-profit that offers business coaching and loans. The Sandy-Relief program provides loans of up to $15,000 at five percent interest to owners whose businesses the storm affected.
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Cooperative Business Assistance Corporation (CBAC)

EDA has provided financing to CBAC for the organization to advance to small businesses recovering from Superstorm Sandy. CBAC is a non-profit organization providing market or below market interest rate business loans and technical assistance to small businesses located in or moving into the Southern New Jersey region.
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Other Disaster Relief Resources

Department of Labor and Workforce Development Economic Recovery Initiatives

To assist businesses and workers following Superstorm Sandy, the New Jersey Department of Labor and Workforce Development launched three economic recovery initiatives, including: Recovery4Jersey, Skills4Jersey and Opportunity4Jersey. Additional information related to these initiatives is available at the below link.


New Jersey's Clean Energy Program Incentives

Residents, businesses, towns and schools may be eligible for enhanced rebates for purchasing qualifying energy-efficient equipment and appliances.
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Federal Disaster Assistance for Businesses

Sandy-affected businesses seeking assistance from FEMA, the Small Business Administration, the Farm Service Agency and other federal agencies can find information on relief programs that were made available at the below link.
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