321 Hoboken small businesses now able to utilize $1.82M in CARES Act relief

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321 Hoboken small businesses are now able to utilize the $1.82M in CARES Act funding relief to assist with payroll, mortgage payment, and utility expenses made exceedingly difficult due to the coronavirus pandemic. By John Heinis/Hudson County View

“Our small businesses make up the backbone of our City, and we are doing everything we can to assist them during these difficult times,” Mayor Ravi Bhalla said in a statement.

“I’m hopeful that our federal elected officials will provide even more relief in the months ahead, as we continue to support our local mom and pop shops.”

In order to qualify for the awarded grant funding, which was announced in July, Hoboken small businesses had to meet certain guidelines: being in operation at the beginning of the COVID-19 pandemic, operating as a for-profit entity, having 25 employees or less, and being located in Hoboken.

“Hoboken’s economic recovery from the pandemic depends on small business coming back strong,” added Hudson County Executive Tom DeGise.

DeGise, Bhalla, all Freeholder Anthony Romano (D-5) all thanked U.S. Senators Cory Booker and Bob Menendez (both D-NJ) for their efforts to secure CARES Act funding for Hudson County and Hoboken.

Hoboken has also provided relief for small businesses through the Hoboken Relief Fund, created to provide financial assistance to small businesses and individuals affected by the COVID-19 pandemic.

The relief fund, co-chaired by Council President Jen Giattino and 5th Ward Councilman Phil Cohen, has raised over $410,000 for impacted Hoboken businesses and individuals.

Any Hoboken business with questions about the distribution of the CARES Act award, criteria for grant funding, or that needs to provide additional information to claim the award should email smallbizgrants@hobokennj.gov.