September 11, 2020

Menendez, Booker Announce $550K to Support Jersey City Small Businesses

he Jersey City Economic Development Corporation will receive $550,000 as part of federal economic development funding designed to boost small business, US Senators Bob Menendez and Cory Booker announced earlier this month.

The funding, the federal lawmakers said, is Jersey City’s share of a total of $17,360,000 procured for the state of New Jersey including CARES Act Recovery Assistance Grants to help small businesses and entrepreneurs across the state impacted by the COVID-19 pandemic access capital and financing.

“We need to give struggling small business owners in New Jersey all the help they can get to weather the pandemic, stay open and keep their employees on the job, so they are positioned to drive our state’s economic recovery once we defeat COVID-19,” Menendez said.  “By supporting our small businesses and making smart investments in our aging infrastructure, we will help grow our economy and create new jobs and opportunities for New Jerseyans.”