Author Topic: NJ Small Business Emergency Assistance Grant Program  (Read 15325 times)

Offline cgr

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #20 on: October 16, 2020, 04:45:25 PM »
Got my approval today and signed the docs for $1k. #TYH

Bh! You can apply for Phase 3 as well when applications open. All businesses seeking to participate must apply for a pre-application first when the portal opens in two weeks (for restaurants and small (1-5 FTE) business. Businesses with 6-50 FTE can get the pre-app a week later)

1-5 enployees will receive 5k.

Offline Mordyk

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #21 on: October 16, 2020, 04:47:51 PM »
Bh! You can apply for Phase 3 as well when applications open. All businesses seeking to participate must apply for a pre-application first when the portal opens in two weeks (for restaurants and small (1-5 FTE) business. Businesses with 6-50 FTE can get the pre-app a week later)

1-5 enployees will receive 5k.
Must have been employed by when?  I hired two employees in June

Also I'm curious what happens on the tax return if there will be a place to record all grants from all places...
#TYH

Offline cgr

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #22 on: October 16, 2020, 05:12:05 PM »
Must have been employed by when?  I hired two employees in June

Also I'm curious what happens on the tax return if there will be a place to record all grants from all places...
If the additional hires doesn't change the category you fall into, it doesn't matter because the grant amount will be the same. If it does: as of now there's no guidance on when those FTEs must have been hired. Could mean: 1) guidance will be released when the pre-app portal opens or 2) it's current FTEs and there are no guidelines for it.

Grants are not a new covid invention:) in most cases they must be recorded on the tax return, and many agencies issue a 1099 to grant recipients. Maybe the next stimulus should include a tax deduction for all covid-related grants received...

Offline Mordyk

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #23 on: October 17, 2020, 07:49:22 PM »
If the additional hires doesn't change the category you fall into, it doesn't matter because the grant amount will be the same. If it does: as of now there's no guidance on when those FTEs must have been hired. Could mean: 1) guidance will be released when the pre-app portal opens or 2) it's current FTEs and there are no guidelines for it.

Grants are not a new covid invention:) in most cases they must be recorded on the tax return, and many agencies issue a 1099 to grant recipients. Maybe the next stimulus should include a tax deduction for all covid-related grants received...
at that point i was self employed so thats how i filed.   since then i BH hired two employees so the dynamics change.
#TYH

Offline cgr

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #24 on: October 17, 2020, 07:52:23 PM »
at that point i was self employed so thats how i filed.   since then i BH hired two employees so the dynamics change.
Not for Phase 3. It's not 1k per employee like in pervious rounds, instead:

Restaurants-
1-5 FTE employees: $10,000
6-25 FTE employees: $15,000
26-50 FTE employees: $20,000

All other businesses-
1-5 FTE employees: $5,000
6-25 FTE employees: $10,000
26-50 FTE employees: $15,000

Offline Mordyk

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #25 on: October 17, 2020, 08:04:45 PM »
Not for Phase 3. It's not 1k per employee like in pervious rounds, instead:

Restaurants-
1-5 FTE employees: $10,000
6-25 FTE employees: $15,000
26-50 FTE employees: $20,000

All other businesses-
1-5 FTE employees: $5,000
6-25 FTE employees: $10,000
26-50 FTE employees: $15,000
Thanks for the clarification.
#TYH

Offline Geshmak25

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #26 on: October 17, 2020, 08:33:21 PM »
What are the requirements? Any sole proprietor can just get $5K free?
PUTPAC = PITA

Offline cgr

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #27 on: October 17, 2020, 08:48:45 PM »
What are the requirements? Any sole proprietor can just get $5K free?

From the application:
Please certify that your business is properly and fully registered within the State of New Jersey or you are in the process of becoming properly and fully within the State of New Jersey. If your business is not properly and fully registered the NJEDA shall require repayment of your full Grant Proceeds, if approved.

In other words sole props must have a business certificate, dba, or other registration to qualify.

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #28 on: October 17, 2020, 08:58:05 PM »
Can i get this grant if i already received the $1k grant

Offline cgr

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #29 on: October 17, 2020, 09:01:10 PM »
Can i get this grant if i already received the $1k grant
Yes. Recipients of Phase 1 and 2 can apply.

Offline Geshmak25

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #30 on: October 17, 2020, 09:36:28 PM »
From the application:
Please certify that your business is properly and fully registered within the State of New Jersey or you are in the process of becoming properly and fully within the State of New Jersey. If your business is not properly and fully registered the NJEDA shall require repayment of your full Grant Proceeds, if approved.

In other words sole props must have a business certificate, dba, or other registration to qualify.
So if it shows up on here then we're good?

https://www1.state.nj.us/TYTR_BRC/servlet/common/BRCLogin
PUTPAC = PITA

Offline cgr

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #32 on: October 19, 2020, 08:30:20 AM »
So any LLC is good to go?
Feelings don't care about your facts

Offline cgr

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #33 on: October 19, 2020, 09:14:37 AM »
So any LLC is good to go?
That's registered in NJ, correct (well not any. There are some other requirements but as far as registration goes an LLC is covered).

Offline cgr

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #34 on: October 27, 2020, 02:17:33 PM »
Reminder
Phase 3 pre-applications close today at 5PM- you must be pre-registered to receive an application when the program opens.

Offline Mordyk

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #35 on: October 30, 2020, 09:12:23 AM »
site is freezing up >:(
#TYH

Offline Pupashtetl

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #36 on: October 30, 2020, 09:59:17 AM »
Is anyone managing to login?

Offline Mordyk

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #37 on: October 30, 2020, 10:03:46 AM »
Is anyone managing to login?
now its better.
#TYH

Offline Mordyk

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #38 on: November 05, 2020, 02:20:08 PM »
PSA  this seems like fraud. i received my grant months ago. and she isnt picking up the phone

#TYH

Offline S209

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Re: NJ Small Business Emergency Assistance Grant Program
« Reply #39 on: November 10, 2020, 09:28:50 AM »
Reminder
Phase 3 pre-applications close today at 5PM- you must be pre-registered to receive an application when the program opens.
How do we check on application progress?
Quote from: YitzyS
Quotes in a signature is annoying, as it comes across as an independent post.