The New Jersey Economic Development Authority Awarded Nearly $75 Million in Grants

The New Jersey Economic Development Authority has approved 6,168 nonprofits and businesses for more than $74 million in funding through Phase 4 of its Small Business Emergency Assistance Grant Program, the organization said Tuesday.

The numbers, as of Tuesday morning, are increasing on a daily basis as the EDA continues to process the nearly 30,000 applications it received.

The EDA has $285 million in grant money available: $85 million from the original announcement of Phase 4 in May, plus an additional $200 million that was added to the pot last month.

All of the grantees so far have been given awards from the original $85 million total.