The NJRA application portal opened at 9:00 a.m. today, August 10.
The LCSC recommends applying right away, as applications will be funded on a first-come, first-serve basis. This program will provide grants of up $10,000 to Commercial tenants located in Lakewood (and other eligible communities) currently leasing commercial space in mixed-used/commercial buildings, and store front businesses that lease their space. Non-profits entities will also be permitted to receive grant funding
To be eligible as a small business, the applicant’s leased premises must be less than 5,000 square feet of leasable space. Multiple locations leased by the same business shall be aggregated.
Eligible applicants will need to supply:
1)Current copy of executed lease outlining terms and conditions of said agreement
2) Certification from tenant applicant confirming closure date of operations due to COVID-19
3) Applicant must answer debarment questions included in the application
The applicant must provide:
· Verification from the landlord that the respective business is in good standing with monthly lease obligations prior to March 1, 2020
· Landlord and tenant will need to sign a certification acknowledging amount of outstanding lease obligations, not to exceed $10,000 (tenant will not be disqualified if monthly lease payments are current/up to date).
Applications will be handled on a first come, first served basis. The volume of applications anticipated during this period is expected to reach numbers that may result in additional review of applications to determine eligibility.
For more information, you can contact Alex Lowinger at the LCSC at 732.901.6001 x 7.