Main Street Acquisition Support Grant
The Main Street Acquisition Support Grant from NJEDA reimburses New Jersey small businesses up to $50,000 for closing costs when buying commercial property to support local economic growth.
Funder: New Jersey Economic Development Authority
Due Dates: October 1, 2027 (final deadline; program closes 3 years from October 1, 2024 opening, or when funds are exhausted)
Funding Amounts: Up to $50,000 reimbursement per business EIN for closing costs on a single commercial property; one-time grant; program pool up to $5M–$10M.
Summary: Reimburses eligible New Jersey small businesses for up to $50,000 in closing costs incurred when purchasing a commercial property for business operations.
Key Information: Application must be submitted within one year of property closing; first-come, first-served until funds are exhausted or deadline reached.
Description
This grant program provides financial support to New Jersey small businesses and nonprofits that have recently purchased commercial property for their operations. Through a one-time reimbursement of up to $50,000 for closing costs, the program aims to help businesses offset the significant expenses associated with property acquisition and support their growth during the critical early years of ownership. The grant is part of NJEDA's Main Street Recovery Fund and is designed to boost business liquidity, especially where additional costs for renovations or improvements are anticipated.
