$2.6 million in CARES Act funding will benefit 172 businesses that applied and qualified for the federal grant funding, Mayor Jimmy Davis said.
“During this difficult time, our local businesses have suffered financially. These relief funds should help make up for some of their losses in 2020,” Davis said in a statement yesterday.
“I would like to thank County Executive Tom DeGise and County Freeholder Kenny Kopacz for the county’s work on this important financial relief program.”
The mayor also indicated that the checks were mailed to all 172 businesses on Thursday, so their respective owners can all look forward to receiving them by next week.
This relief program was designed to provide financial grants to small businesses affected by the COVID-19 pandemic.
First priority was given to businesses which had not received any federal grant assistance, New Jersey Economic Development Authority grants, U.S. Small Administration grants, or any other grant assistance.
Additionally, the Hudson County government completed the administrative work needed to get help for local businesses. For their part, small businesses prepared for the application process by gathering and submitting several financial documents.
“I would like to thank the New Jersey Congressional delegation for supporting the financial relief legislation in the House of Representatives and the Senate earlier this year. Our economy has not recovered yet all of the ground it lost,” Davis added.
“I hope that additional relief legislation will pass in Washington as soon as possible, so that businesses and jobs can be saved and restored.”