GRANTS & OPPORTUNITIES
We provide funding opportunities for businesses within the 'Oak to Olive' district of Salem City. These grants are often for building & equipment improvements. As business grants become available, they will be announced here.
To inquire about any grants that may become available, please click the button below --
Though these grants are outside of our organization, we can help you navigate them and answer any questions that may arise.
External Grant opportunities
NJEDA Small Business Improvement Grant
The Small Business Improvement Grant provides reimbursement for costs associated with making building improvements or purchasing new furniture, fixtures and equipment. A total of $15 million of Main Street Recovery Finance Program funding will be utilized to capitalize the Small Business Improvement Grant.
Of this $15 million, 40 percent ($6 million) 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.
NJEDA Small Business Lease Assistance Grant
The Small Business Lease Grant supports the growth and success of small businesses and nonprofits by providing grant funding to cover a portion of lease payments. These resources will help the establishment and growth of small businesses, while also helping to fill space that is currently vacant and preventing future vacancies.
The Grant is being funded through the Main Street Recovery Finance Program (NJ Economic Recovery Act). Of this $10 million allocated for the program, 40 percent ($4 million) will be reserved for businesses located in Opportunity Zone eligible census tracts.
Applications will be accepted on a rolling basis.
Main Street America 'Services that Back Us' Grant
More than 250 grants of $5,000 each will be awarded in four cycles over 12 months to small businesses located in older or historic commercial districts across the country, with priority given to businesses that have been disproportionately impacted by the pandemic and preference given to businesses owned by underrepresented groups, including People of Color, members of the LGBTQIA+ community, people with disabilities, veterans, and women.
Membership in the National Main Street Center is not required to be eligible for the Program. Find additional eligibility requirements and other details on the second grant cycle below.