The Hoboken Business Alliance is announcing a water main break recovery grant program where eligible business will receive a total of $30,000 during this cycle.
“Supporting our small businesses is at the core of the Hoboken Business Alliance’s mission, and we are here to help the business community thrive, especially when unforeseen challenges arise,” HBA Executive Director Roxanne Earley said in a statement.
“Through this grant program, we provide essential resources and relief to businesses impacted by last month’s water main break, reinforcing Hoboken’s resilience and the HBA’s commitment to fostering a thriving local economy.”
In 2024, nearly $58,000 was awarded to 13 affected Hoboken businesses through the Water Main Break Grant Program funding, providing critical support for recovery and operational continuity thanks to the partnership between the HBA and the City of Hoboken.
Eligible expenses covered by the grant include revenue loss due to closures from February 18th through 20th of this year and product or revenue loss resulting from operational disruptions.
Additionally, physical damage to buildings, equipment, or merchandise due to flooding or water damage and lost wages for personnel scheduled to work during the closure period are also considered on applications.
The application deadline is May 1st with grants awarded on a rolling basis based on demonstrated financial need and impact, with a total of $30,000 expected to be awarded.
Interested businesses can apply online here. For additional questions about eligibility and the application process, contact grants@hobokenbusinessalliance.com.