FREEHOLD – Small businesses and nonprofits will be able to apply for grants if they were impacted by the COVID-19 pandemic.
Freeholder Director Thomas A. Arnone and Freeholder Deputy Director Susan M. Kiley announced during a press conference new details about the coronavirus economic assistance grant program for small businesses and nonprofits.
Arnone said, “the Freeholders have worked alongside chambers of commerce and mayors to deliver assistance to our small businesses and I am excited to announce that the Monmouth County CARES Economic Assistance Grant program will be ready to launch at 8 a.m. on Aug. 3 at monmouthcountycares.com.”
“I encourage businesses to spend the next few days reviewing their COVID-19 costs and related paperwork so that they are prepared when the application process opens on Monday,” Arnone said.
In order to qualify for a Monmouth County CARES Economic Assistance Grant, applicants must meet the following criteria:
- Physically located in Monmouth County since January 1, 2019 or earlier
- Negatively impacted by the COVID-19 pandemic
- $5 million or less in annual gross revenue
- 50 or fewer fulltime equivalent (FTE) employees, including the owner, as of March 1, 2020
- Nonprofit organizations registered with the IRS Nonprofit Organizations registered with the IRS including local and regional chambers of commerce can also apply for this program.
It should be noted that banking, educational, governmental and medical service providers are not eligible for the grant program at this time.
All applicants should check monmouthcountycares.com for specific eligibility. Prior to the online application starting be prepared to submit information electronically through the application portal regarding the costs your business incurred due to COVID-19, such as:
- TIN/EIN – This is your Tax Identification or Employee Identification Number
- Legal Business Name
- DBA – Doing Business As (if applicable)
- Business Contact Information (contact name, organizational role, email address, phone number, and business address)
- NAICS Code of the Business: North American Industry Classification System
- Tax Returns: Fiscal years 2018 and 2019 (if filed)
- Business Banking Information: routing and checking numbers
- Itemized list of eligible costs for reimbursement
Funding cannot be used for reimbursements already made under other state and federal assistance programs.
Arnone added, “upon receipt of the application and required documents, each application will be reviewed for completeness and eligibility on a first come, first serve basis. Applicants will be notified if their application is incomplete and will be given time from the incomplete notification to resubmit missing or incomplete information in order to hold their place in the submission process.”
For further information, questions or assistance, go to monmouthcountycares.com.