Main Street Acquisition Support Grant
Posted June 02, 2025Mayor James R. Barberio encourages small businesses to take a look at the New Jersey Economic Development Authority's newest small business grant opportunity, the "Main Street Acquisition Grant."
The "Main Street Acquisition Support Grant" will reimburse qualified small business applicants up to $50,000 of closing costs incurred after they have purchased an existing New Jersey commercial property from which their small business will operate.
Key highlights for eligibility
- Open to eligible NJ small businesses or non-profit entities who purchased a commercial property and occupy at least 1,000 square feet for commercial use.
- Mixed-use properties are eligible as long as the small business operates from at least 1,000 square feet of commercial space. (Cannot be 100% residential or vacant land.)
- Reimbursement for closing costs of up to $50,000!
- Closing must have taken place after applications and operating to the public after October 1, 2024, and the application must be made within one year of closing. The application must be submitted after closing has already occurred. Applications submitted before the closing date will not be eligible.