MIDDLETOWN, NJ —Middletown Township on Friday, introduced the appliance course of for its Middletown Financial Aid Program (MERP). It is an initiative hat will present monetary help to small companies within the municipality that has been affected by the 2020 coronavirus pandemic.
This system’s funding, which is greater than $400,000, was offered by way of the federal Coronavirus Assist, Aid and Financial Safety (CARES) Act and seeks to assist companies which might be affected by the monetary influence of COVID-19. These funds are offered from the Division of Housing and City Growth by way of the Group Growth Block Grant (CDBG-CV) Program.
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“As quickly as we discovered that the Township can be receiving assist by way of the (CARES) Act, we swiftly created this program as a mechanism to offer a monetary lifeline to our small enterprise house owners,” mentioned Mayor Tony Perry, who additionally serves on the board of the Jap Monmouth Space Chamber of Commerce. “We perceive the emotional and monetary burden this pandemic has had on our enterprise house owners and wish to have the ability to give one thing again since all of them convey a lot to our neighborhood.”
Middletown-based companies and non-profit organizations that match the standards beneath are inspired to use for this system:
Your small business/non-profit group is positioned in Middletown Township.
Your small business/non-profit group has between 3-40 staff.
No less than 51% of your online business’s staff fall at or beneath designated regional revenue requirements.
INELIGIBLE BUSINESSES INCLUDE:
Governmental or quasi-governmental staff reminiscent of branches of the US Publish Workplace.
Banks and different monetary or lending establishments with greater than 1 department or workplace.
Actual property companies or brokerages.
Companies with any elected official possession stake.
When making use of, please take into account that any enterprise that participates on this program and receives and makes use of funds should signal an settlement to stay open and never lay off any staff in place on the time of grant approval for 12 months from the date of the receipt of the fund. If a enterprise doesn’t adhere to this, then it will likely be required to return a month-to-month prorated share of the total awarded grant quantity. This does NOT apply within the occasion of a authorities mandated shutdown.
Go to www.middletownnj.org/merp for added details about this system and to finish the appliance. All functions should be submitted by way of the Township’s web site. In case you shouldn’t have entry to a pc/scanner and wish help with submitting the appliance, you may cease by the Reference Desk on the Middletown Township Public Library (55 New Monmouth Highway) throughout common enterprise hours for assist. The deadline to use is Monday, November 9, 2020 by 11:59 PM. Purposes acquired after that point is not going to be thought-about.