Resources for Organizations
Assistance for Newark Small Businesses
The application period closed on April 30, 2020, and we received almost 1500 applications. The demand illustrates the need and we are working a quickly as possible to review and award the applicants under this emergency grant program. We appreciate your patience during this time and we wish you and your loved ones good health and safety.
In this time, businesses nationwide are suffering enormous impacts related to COVID-19. As an effort to help businesses and Newark families, who may endure such an impact, Mayor Ras Baraka has taken the initiative to provide financial help to those who qualify. As an effective effort to mitigate barriers to capital for Newark’s most vulnerable businesses, small businesses, the (CDBG)).
Mayor Baraka’s City of Newark Economic and Housing Development Department in partnership with United Way of Greater Newark and Invest Newark as sponsors and coordinating partners and Prudential as sponsor are working together in this effort to provide relief while assessing the economic impacts related to COVID-19 on our small business community.
This grant aims to help small businesses with losses they have experienced through loss of income, payroll loss, sales, etc. This emergency fund will provide working capital grants in amounts up to Ten Thousand ($10,000) to qualifying small businesses. Proceeds of the grant can be utilized for accounts payable, payroll, inventory, equipment, business compliance, licensing renewal, utilities, building capacity, legal, financial services, rent, insurance, business taxes, supplies or most business-related items, as allowable by the funding sources. The information with which you provide us will facilitate this emergency relief and inform strategies to speed recovery.