The program was founded in 2015 as a way to help small businesses get started in the city. The first place winner will receive $15,000, while $10,000 will go to the second place applicant. Money comes from the $10 million Jersey City Fund, which is managed by The 504 Co., a nonprofit group authorized by the U.S. Small Business Administration to administer loan programs, according to a press release.
“Since our administration took office four years ago, we have made it a major priority to ensure Jersey City is driven by locally-owned small business owners who make a meaningful impact on our community every day,” Jersey City Mayor Steven Fulop said. “These grants are a way to help a business get off the ground, build a customer base and grow job opportunities.”
Last year’s winners included Milk Sugar Love Inc., a retail ice cream shop which offers a selection of baked goods and coffee, and Hermi Enterprises LLC, which specializes in the creation of professional visual advertising products that include commercial signage for buildings, awnings, electric/neon boxes and billboards.
To apply, applicants must submit their application package in full by Oct. 20 at 5 p.m. to the Jersey City EDC offices.