Submit application 8 am on Monday, Aug. 3
Monmouth County CARES Economic Assistance GrantS
Applications for a new economic relief grant for Monmouth County’s small businesses will be available beginning Monday, August 3 at 8 a.m.
In order to qualify for a Monmouth County CARES Economic Assistance Grant, applicants must meet the following criteria:
- Be physically located in Monmouth County since January 1, 2019 or earlier
- Negatively impacted by the COVID-19 pandemic
- $5 million or less in annual gross revenue
- 50 or fewer fulltime equivalent (FTE) employees, including the owner, as of March 1, 2020
Also eligible are nonprofit organizations registered with the IRS. Local and regional chambers of commerce can also apply for this program.
Banking, educational, governmental and medical service providers are not eligible at this time. Applicants should check the website for specific eligibility requirements at monmouthcountycares.com.
I am excited to announce that the Monmouth County CARES Economic Assistance Grant program will be ready to launch at 8 a.m. on Monday, August 3 at monmouthcountycares.com,” said Freeholder Director Arnone. “I encourage businesses to spend the next few days reviewing their COVID-19 costs and related paperwork so that they are prepared when the application process opens on Monday.”
Applicants are advised to be prepared when the online application process opens on Monday, August 3, 2020 at 8 a.m.. Applicants will be asked to submit information electronically through the application portal regarding the costs to their business due to COVID-19.
Have ready:
- TIN/EIN – This is your Tax Identification or Employee Identification Number
- Legal Business Name
- DBA – Doing Business As (if applicable)
- Business Contact Information (contact name, organizational role, email address, phone number, and business address)
- NAICS Code of the Business: North American Industry Classification System
- Tax Returns: Fiscal years 2018 and 2019 (if filed)
- Business Banking Information: routing and checking numbers
- Itemized list of eligible costs for reimbursement
The grants funding cannot be used for reimbursements already made under other state and federal assistance programs.
“Upon receipt of the application and required documents, each application will be reviewed for completeness and eligibility on a first come, first serve basis,” said Director Arnone. “Applicants will be notified if their application is incomplete and will be given time from the incomplete notification to resubmit missing or incomplete information in order to hold their place in the submission process.”
For further information, questions or assistance, go to monmouthcountycares.com.