Thanks to a new round of federal funding, more small business grants are available to qualified local businesses, Bayonne Mayor James Davis announced.
In order to be eligible, a business must have no more than 25 full-time
employees, and it must be current with its taxes. The program excludes non-profit organizations, real estate holding companies, and franchises.
“I urge all Bayonne small businesses that fit the qualifications to apply for this grant program,” Davis said. “Many small businesses have been through hard times during the Coronavirus pandemic. This grant program provides an opportunity for qualified small businesses to recover some lost ground.”
The grants that small businesses may receive come under the American Rescue Plan, which is intended to help local economies recover from the economic distress that began in 2020, according to Davis.
Applicants must submit the following documents: W-9-request for taxpayer
identification number and certification; W-30-employer report of wages paid; 2019 tax return; and 2020 tax return or 2020 extension.