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New Jersey Gov. Phil Murphy will set aside $275 million to help small businesses and individuals impacted this last year.

Murphy said much of the $235 million in small business assistance would go towards bars and restaurants, child care centers, and others hit hard by a year of lockdowns.


State lawmakers would still have to approve this deal, but Murphy said legislative leaders are already on board.

Murphy’s office said, most of the money for businesses will come from state funds since they received $2.39 billion from the last stimulus package.


The governor stated, “The small-business aid would include $20 million for bars and restaurants, $10 million for child-care facilities, $25 million for new businesses and startups, and $50 million for other businesses and nonprofits, as well as $120 million for "microbusinesses.”

This is fantastic news and hope that this can get approved quickly.

Meanwhile, The Small Business Administration has started the distribution of some $5 billion in additional grants to small businesses hardest hit.

The grants, called “Supplemental Targeted Advances,” will go to 1 million eligible small businesses and non-profit organizations.


The grants are open to small businesses even if they received $10,000 in its other programs – the Economic Injury Disaster Loan Advance from March and April 2020 or its successor, the Targeted EIDL Advance.


To qualify, applicants must be located in a low-income community; suffered greater than a 50% economic loss over an 8-week period since March 2, 2020, compared to the previous year and have 10 or fewer employees.

This program provides up to $5,000 to eligible applicants and the SBA says they are in the process of contacting previous recipients.

Find out if you qualify before these vital funds run out.

And finally, for small businesses in Santa Barbara, CA the application period for the Emergency Business Assistance Grant Program is open.

The program includes both microenterprise business assistance and small business assistance grants.

The application period will run through June 30th, or when all of the funds are granted, whichever comes sooner.


Eligible microenterprise businesses can apply for up to $10,000 in funding, while eligible small businesses can apply for $25,000.

Jessica Sanchez, director of donor relations at the Santa Barbara Foundation stated, “We are happy to work with the County of Santa Barbara to provide such important support to our local businesses that are at the center of our county’s economy.”

This is fantastic news so that small businesses continue to get the support they need to keep the economy going.

#ppp #eidl #stimulus

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