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.
During a press conference on Oct. 15, Mayor Tony Perry and the Middletown Township Committee announced the launch of MERP, which will offer up to $15,000 to eligible businesses in the township. Congressman Chris Smith, Monmouth County Freeholder Director Tom Arnone, Middletown Economic Development Committee Chairman Abe Littenberg, Township officials, and some local small business owners attended the event.
This system’s funding, which is greater than $400,000, was offered by the federal Coronavirus Support, Aid and Financial Safety (CARES) Act and seeks to assist companies which can be affected by the monetary influence of COVID-19. These funds are offered from the Division of Housing and City Improvement by way of the Group Improvement Block Grant (CDBG-CV) Program.
“As quickly as we realized that the Township could be receiving assist by the (CARES) Act, we swiftly created this program as a mechanism to offer a monetary lifeline to our small enterprise homeowners,” mentioned Mayor Tony Perry, who additionally serves on the board of the Japanese Monmouth Space Chamber of Commerce. “We perceive the emotional and monetary burden this pandemic has had on our enterprise homeowners and need to have the ability to give one thing again since all of them carry a lot to our group.”
Middletown-based companies and non-profit organizations that match the factors beneath are inspired to use for this system:
- Your online business/non-profit group is positioned in Middletown Township.
- Your online business/non-profit group has between 3-40 workers.
- At the least 51% of your corporation’s workers fall at or beneath designated regional earnings requirements.
INELIGIBLE BUSINESSES INCLUDE:
- Governmental or quasi-governmental workers reminiscent of branches of the USA Publish Workplace.
- Banks and different monetary or lending establishments with greater than 1 department or workplace.
- Actual property businesses 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 workers 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 is going to 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 purposes have to be submitted by the Township’s web site. If you happen to don’t have entry to a pc/scanner and wish help with submitting the appliance, you’ll be able to 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 won’t be thought of.