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NJ Main Street Acquisition Support Grant

NJ Main Street Acquisition Support Grant

NJ Economic Development Authority
LOCATION & INDUSTRIES
AMOUNT

Up to $50,000

OWNERSHIP REQUIREMENTS
DEADLINE

Rolling

ABOUT THE GRANT

The Main Street Acquisition Support Grant product is a pilot product under the Main Street Recovery Fund that will offer a grant of up to $50,000 to reimburse an eligible NJ small business for closing costs related to a New Jersey commercial property that the business purchased to operate from.

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NOTES

We haven't added commentary on this grant yet. In the meantime, the fundor's website (linkeded above) is the best source for application details and eligibility specifics.

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Other Grants

MI Business Development Program
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Virginia Beach Small Business Grant
City of Virginia Beach

The Virginia Beach Small Business Grant provides Virginia Beach small businesses with reimbursement grants of up to $10,000 to help expand access to funding, particularly for historically underserved and marginalized entrepreneurs. Part of the Virginia Beach Economic Development Investment Program (EDIP) Part F and administered by the City of Virginia Beach Development Authority (VBDA), the program is designed to support the growth and stability of women-owned, minority-owned, veteran-owned, and service-disabled veteran-owned small businesses, as such terms are defined in Virginia Code § 2.2-4310. Applications are accepted in 30-day cycles while funding is available, with each new cycle announced with at least 10 days' notice. Grant funds may be used for working capital for the purchase of inventory or renewables, marketing and advertising expenses, development of online or mobile presence, equipment and supplies purchases, business expansion, real estate acquisition, and other business development purposes identified by the business and approved by the VBDA. Ineligible uses include payroll, insurance, salaries, lease payments, and personal expenses. Grants are issued as reimbursements, with written documentation required before payment; at the discretion of the Director of Economic Development, grants may in some cases be prepaid for an approved use. To qualify, an applicant must be a micro-business (as defined in §15.2-965.2 of the Code of Virginia) or a service-disabled veteran business with fewer than 25 employees, hold a valid Virginia Beach business license, have operated in the City for at least one year (documented through tax returns or other acceptable evidence), be current on all local taxes and fees, and not have received any other grant from the VBDA or the City within the past 12 months. Applicants cannot employ any officer, official, or employee of the City of Virginia Beach, the VBDA, or the Minority Business Council. Not-for-profit entities, chains with more than three locations, national franchises, and adult-themed establishments are not eligible. To apply, businesses must first attend a pre-application workshop hosted by The HIVE (Virginia Beach's business resource center) either in person or virtually. Attendees receive access to the application portal after the workshop and submit an application, a Disclosure Statement Form, and required documentation including a current business license, business or strategic plan, articles of incorporation or organization, and a profit and loss statement or other evidence of one year of operation. Additional scoring points are awarded to businesses that are women, minority, service-disabled veteran, or veteran-owned, businesses in operation for more than one year, and applicants who submit a credit report. Applications are date-stamped and reviewed by a Selection Committee in the order they are received, with incomplete applications returned for correction (and any resubmission moved to the back of the queue). Grant recipients must commit to attending several business counseling sessions at The HIVE as part of the award.

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The Business Energy Retrofit (BER) Grant provides small business owners, Tribal governments, and nonprofits with reimbursement grants of $2,500 to $25,000 to fund energy-efficiency improvements at their commercial properties. Funded by Iron Range Resources & Rehabilitation (IRRR), Minnesota's economic development agency for the Iron Range region, and administered through a partnership with the Arrowhead Economic Opportunity Agency (AEOA), the program is available to businesses with 100 or fewer employees located within IRRR's northeastern Minnesota service area. Grant awards may cover up to $25,000 in eligible energy retrofit expenses (or one-third of total project cost, capped at $75,000, whichever is lower). Eligible projects include lighting and fixtures, building envelope air sealing, appliances, motors, and equipment, insulation and ventilation, heating and cooling systems, windows and door replacements, large generators for business use, new construction for remodeling in the event of fire or natural disaster, and renewable energy installations. Electric vehicle installations are also eligible, contingent upon proof that all other funding sources (state, federal, and power company programs) have been exhausted. Applications are accepted year-round and reviewed twice per year. A $500 AEOA application fee is required at the initial inspection and processed at project closing. Work cannot begin prior to approval and site inspection, and grant payments are made directly to the awarded contractor or vendor upon completion and final inspection. Applicants are limited to one project per year (additional projects considered case-by-case) and must have property taxes paid and up to date, along with verification from the Minnesota Secretary of State that the organization and any contractors are active and in good standing. Prevailing wage must be paid and certified payroll collected.

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