A new stimulus program for eligible New Jersey business owners is providing funds to upgrade the HVAC and plumbing systems at commercial storefronts. But you have to act quickly to apply as funds are on a first-come, first-served basis. Here’s what you need to know.
The Small Business Stimulus Program is available to women and minority-owned small businesses through New Jersey’s Clean Energy Program (NJCEP). This program offers up to $500,000 to improve indoor quality, energy efficiency, and water conservation to eligible small businesses with a commercial storefront.
The program covers up to 75 percent of the cost of projects to:
Work must be installed within one year of application approval. There is a separate application for HVAC and one for plumbing and appliances.
To be eligible, a Women and Minority-Owned Small Business must be:
While there is no set deadline, funds are available on a first-come, first-served basis until exhausted. Grants will be awarded to projects that meet all program requirements as part of a complete application package, so it is important to submit accurate documentation with your complete application to secure your spot in the pipeline.
The New Jersey Clean Energy Program will be hosting a webinar, Grant for Women and Minority-Owned Small Business Owners, on August 24, 2022 8:30 am EST to share more information how can you improve the indoor air quality and water conservation of your business and save energy, money and the environment. They have also published an FAQ PDF on the Stimulus Program and it’s application process.
To learn more about the program and see the current status of funds availability, click here.
If you have questions about how these programs could benefit your business, contact an Alloy Silverstein advisor today.
SOURCE: National Federation of Independent Business (NFIB)
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