The New Jersey Economic Development Authority has introduced the Main Street Acquisition Support Grant Program to assist small businesses in acquiring commercial properties. This program offers grants up to $50,000 to reimburse closing costs for eligible businesses purchasing properties in New Jersey. Applicants must be for-profit or non-profit entities meeting SBA small business criteria, occupy at least 1,000 square feet, and commit to operating from the property for five years. Applications opened on October 1, 2024, and will be available for three years or until funding is exhausted.
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