TRENTON, N.J. (April 4, 2025) – Governor Phil Murphy today announced that the New Jersey Economic Development Authority (NJEDA) plans to create a $5 million grant program aimed at supporting small businesses in #MorrisCounty that have experienced a decline in revenue due to the lane closures on Route 80 caused by the ongoing sinkhole repairs. The Route 80 Business Assistance Grant Program will provide grants to for businesses and non-profits located in close proximity to Route 80’s Exit 34. The grant program will go to the NJEDA Board next week for approval. Additionally, the Governor announced that the U.S. Small Business Administration (SBA) this week approved Economic Injury Disaster Loans (EIDL), capped at $2 million, for Morris County and the contiguous counties of Hunterdon, Passaic, Somerset, Sussex, Union, and Warren. The EIDLs are a working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period. (fb)

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