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Find similar grantsSmall Business Improvement Grant is sponsored by New Jersey Economic Development Authority (NJEDA). This grant offers reimbursement for costs associated with making building improvements or purchasing new furniture, fixtures, and equipment for small businesses and nonprofits in New Jersey. The project cost must be at least $5,000.
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Small Business Improvement Grant - NJEDA Please be advised, New Jersey State law prohibits most cannabis license and certification holders from receiving or continuing to receive an economic incentive from the NJEDA, including the Small Business Improvement Grant.
If the applicant, or any person who controls the applicant or owns or controls more than one percent of the stock of the applicant, has applied for or received a license or a certification from the New Jersey Cannabis Regulatory Commission (NJ-CRC), the applicant is ineligible for this program and should not proceed with an application.
If an application is received from an applicant that meets this criteria, the application will be declined. NJEDA is currently developing financial assistance products to support cannabis and cannabis-related businesses – more information will be shared on the NJEDA website, when available.
The Small Business Improvement Grant offers reimbursement for costs associated with making building improvements or purchasing new furniture, fixtures and equipment.
50% of eligible total project costs up to $50,000 Businesses may be reimbursed for capital improvements, or purchase and/or installation of new furniture, fixtures, and equipment Open to small businesses and nonprofits Minimum project cost of $5,000 Applicant must rent or own facility being improved *Additional terms apply. See eligibility below.
The Small Business Improvement Grant provides reimbursement for costs associated with making building improvements or purchasing new furniture, fixtures and equipment. The Grant is being funded through the Main Street Recovery Finance Program (NJ Economic Recovery Act). 40 percent will be reserved for businesses and nonprofits located in Opportunity Zone eligible census tracts.
Applications will be accepted on a rolling basis until funding is exhausted. Businesses and nonprofits may be reimbursed for capital improvements, or purchase and/or installation of new furniture, fixtures, and equipment. Landlords are not eligible.
Applicants are limited to one application per federal Employer Identification Number (EIN) . Applicants operating from multiple locations under a single EIN would be limited to one application under the sole EIN, but may pool project costs from multiple locations into a single application. Rent or own and operate from facility.
Meet SBA definition of a Small Business – determined by employee count and NAICS code. Project cost must be at least $5,000. Project must have commenced on or after March 9, 2020 and within the 2 years prior to your application date.
Payment must have been made within the 2 years prior to your application date. Provide a current tax clearance certificate prior to approval. Be in good standing with Department of Labor and Department of Environmental Protection.
Certify at time of application that they are not in default of any other EDA or State assistance. Certify at application the applicant is willing to pay wages that are the greater of $15/hour or 120% of the minimum wage rate. Tipped employees are required to be paid only 120% of minimum wage rate.
Remain in the location for at least two years for grants up to $25,000, or at least four years for all other grant award amounts. Improvement project must meet the following eligibility requirements: Interior or exterior building improvements, or purchase and/or installation of furniture, fixtures, and equipment (FFE). Total project cost must be at least $5,000.
Work must be complete on or after March 9, 2020, and or within 2 years of application date. Projects with total costs over $50,000 are subject to Green Building Standards for lighting and/or mechanical work. Projects utilizing contractors with 4 or more employees (total workforce, not specific to project) may be subject to Affirmative Action requirements.
Home-based businesses are not eligible for reimbursement for renovation or improvement projects. Applicants are responsible for all applicable local approvals (i.e. zoning and building permits). If applicant leases space, then landlord’s permission to make improvements is required.
“Capital improvements” shall not include site acquisition; vehicles and heavy equipment not permanently located in the building, structure, facility, or improvement; any capital improvement for which the business received any grant financial assistance from any State source; costs of a lease, including any capital lease; or any soft costs.
Please be advised: New Jersey State law prohibits most cannabis license and certification holders from receiving or continuing to receive an economic incentive from the NJEDA.
If the applicant, or any person who controls the applicant or owns or controls more than one percent of the stock of the applicant, has applied for or received a license or a certification from the New Jersey Cannabis Regulatory Commission (NJ-CRC), the applicant is ineligible for this program and should not proceed with an application.
If an application is received from an applicant that meets this criteria, the application will be declined and the application fee will not be refunded. Reimbursement of up to 50% of total project costs incurred up to $50,000. Only one award is allowed per EIN for the life of the program.
Payable at the time of approval and prior to execution of grant agreement NJ ECONOMIC RECOVERY ACT OF 2020 The full statutory text of the program can be found in sections 82-88 of the Economic Recovery Act of 2020. Additional information can be found in Appendix C-Small Business Improvement Grant Program Specifications document. Division of Taxation Tax Clearance Certificate required.
Certificates may be requested through the State of New Jersey’s Premier Business Services (PBS) portal online. Under the Tax & Revenue Center, select Tax Services, then select Business Incentive Tax Clearance. If the applicant’s account is in compliance with its tax obligations and no liabilities exist, the Business Incentive Tax Clearance can be printed directly through PBS.
Frequently asked questions small business improvement grant sample application Applicant Expense Worksheet Small Business Improvement Grant Brochure small business Improvement Grant applicant checklist Main Street Recovery Finance Program- Board Memo Program Rules Program Specifications SBA table of Size STANDARDS small business improvement grant securing your tax clearance small business improvement grant green building requirements For more information or to ask a specific question please send an email to smallbusinessservices@njeda.
com and a team member will reach out to you.
Based on current listing details, eligibility includes: Small businesses and nonprofits in New Jersey that rent or own and operate from a facility, meet the SBA definition of a small business, and have a minimum project cost of $5,000. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates 50% of eligible total project costs up to $50,000 Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
The purpose of this FOA is to provide funding for up to four (4) Tribal Colleges and Universities (TCUs) that will provide entrepreneurial development services to Native American communities, focusing on supplying services to socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing SBA resources. Eligible applicants must be Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c). Funding Opportunity Number: SB-GC7J-23-002. Assistance Listing: 59.007. Funding Instrument: G. Category: BC,ED. Award Amount: Up to $250K per award.
The purpose of this FOA is to provide funding for up to two (2) private, non-profit organizations that will provide entrepreneurial development services to women, with an emphasis on socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing WBCs for the District of Columbia (DC) and the State of Oregon. There will be one award for each location. Eligible applicants must be private, non-profit organizations with 501(c) tax exempt status from the U.S. Treasury’s Internal Revenue Service and must provide services to the District of Columbia (DC) and State of Oregon. Funding Opportunity Number: SB-OEDWB-23-002. Assistance Listing: 59.043. Funding Instrument: G. Category: BC,CD,RD. Award Amount: $75K – $150K per award.