23 Jan 2026
Visit the NJEDA for additional information.

New Jersey Economic Development Authority (NJEDA) Grant Opportunities

PLEASE NOTE: The information below has been obtained directly from the NJEDA website. These grants are NOT provided by NJSACC and we are unable to provide further detail or information. 

SMALL BUSINESS IMPROVEMENT GRANT

The Small Business Improvement Grant offers reimbursement for costs associated with making building improvements or purchasing new furniture, fixtures and equipment.

  • AMOUNT: 50% of eligible total project costs up to $50,000
  • BENEFITS: Businesses may be reimbursed for capital improvements, or purchase and/or installation of new furniture, fixtures, and equipment
  • ELIGIBILITY
    • Open to small businesses and nonprofits
    • Minimum project cost of $5,000
    • Applicant must rent or own facility being improved

SMALL BUSINESS LEASE GRANT

The Small Business Lease Grant supports the growth and success of small businesses and non-profits by providing grant funding to cover a portion of lease payments for businesses and non-profits leasing new or additional space.

  • AMOUNT: Two grant awards of 20% of the total annual lease payment.
  • BENEFITS: Grant funding to offset a portion of lease payments
  • ELIGIBILITY
    • Applicant must meet SBA definition of Small Business
    • New leases, amendments and extensions must occupy a minimum of 250 sq. ft., lease amendments or extensions must include an expansion of more than 250 sq. ft. (Space must be more than 250 sq. ft. larger than original leased space).
    • The lease must be for a minimum 5-year term not including options.
    • The lease must be market-rate based on commercial real-estate information.

SMALL BUSINESS FUND

Creditworthy small businesses in New Jersey may be eligible for assistance under the Small Business Fund. Minority-owned or women-owned businesses may qualify under criteria that support their unique circumstances.

  • AMOUNT: Small businesses: Up to $500,000; Not-for-profits: Up to $500,000 with 1.0X historical debt service coverage
  • BENEFITS: Can be used for fixed assets or working capital; Fixed interest rate with expedited approval process
  • ELIGIBILITY
    • New Jersey-based small businesses in operation for at least one full year with revenue less than or equal to 3 million; not-for-profits for at least 3 years.
    • 1.0x debt service coverage ratio for both non-profit and for-profit entities.
    • Must be able to provide fixed assets (e.g. real property and machinery/equipment).
    • Homebased businesses are ineligible.