State offering small business grants to Paterson, Passaic City businesses

The New Jersey Economic Development Authority (EDA) is offering small business grants to businesses in eligible areas in Passaic City and Paterson. State has created two business incentive programs to spur economic growth in its poorer cities.

One program assists small businesses with their annual lease payments for two years and another provides incentives to help retail shops make improvements. Both programs, the Business Lease Incentive and the Business Improvement Incentive, are being run in Paterson, Passaic City, Atlantic City, Camden, and Trenton under the Economic Opportunity Act of 2013.

“Programs administered under …read more

Source: Paterson Times

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