Camden County Board of Freeholders Provide an Additional $5 million to Small Businesses
While COVID-19 continues to decimate the county’s small businesses, the Freeholder Board has announced a decision to dedicate an additional $5 million to the Camden County CARES Small Business Grant Program. These funds will be distributed to the 3,100 small businesses and nonprofits that have already received grant funding and provide a 20 percent increase over the initial grant amount.
The facilitation of the funds will be as follows:
- Small business that qualified for$10,000, an additional $2,000 would be distributed.
- Small business qualified for $7,500, an additional $1,500 would be distributed.
- And down the scale depending based on the original grant sum.
Business who already received the Small Business Grant will not need to do anything to receive these fund.
If you have questions, please call: 1-833-487-0462
The county has received federal funds from the Coronavirus Aid, Relief, and Economic Security (CARES) Act to assist the community, including struggling businesses, during the COVID-19 pandemic. As we navigate through this public health crisis, we know that merchants on Main Street are hurting and it is imperative to make every effort to get them financial relief.
“We know the business community, especially the foundation of our economy, small businesses, have been hurting and are in need of dire relief,” said Freeholder Director Louis Cappelli, Jr. “We need to ensure that every proprietor and principal of a small business has access to these grant funds in order to help maintain and stabilize their operations. Moving forward the grants have the potential to provide a business owner with up to $10,000 for COVID caused or related expenses.”
In order to qualify for a Camden County CARES Small Business Grant, the applicant must meet the following criteria:
- Business revenue has been negatively impacted by the COVID-19 pandemic
- The business has been located in Camden County since January 1, 2019 or earlier
- The business employed 25 or fewer employees or full time equivalent as of March 1, 2020
- The business earned $5 million or less in total revenue during 2019
The business must not operate in any of the following categories:
- Banks or other financial institutions
- Businesses where the primary products or services are oriented to specific ages (vaping, liquor stores, etc.)
- Franchises, except for those franchises which are completely locally-owned and operated