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NJEDA to Award $14 Million in Grants

NJEDA to Award $14 Million in Grants

Thursday, February 25, 2021

The New Jersey Economic Development Authority (NJEDA) today announced that it anticipates awarding $14 million in grants to 27 organizations through its Sustain & Serve NJ program. The NJEDA launched applications for Sustain & Serve NJ in late 2020 to support restaurants that have been negatively impacted by the COVID-19 pandemic. The NJEDA expects that the funding announced today will result in the purchase of 1.5 million meals from at least 160 New Jersey restaurants in at least 69 cities in 12 counties.

“New Jersey’s restaurants were hit particularly hard by the COVID-19 pandemic, and the outpouring of interest in Sustain & Serve NJ underscores the community’s desire to help local restaurants and the neighborhoods they serve,” Governor Phil Murphy said. “The positive economic impact of this program for the restaurant industry, combined with the good it will do in the community, makes Sustain & Serve NJ a home run.”

Through Sustain & Serve NJ, the NJEDA anticipates providing $14 million in grant funding to entities throughout the Garden State to support expenses directly tied to bulk purchasing of meals from New Jersey-based restaurants. Each awardee will receive a grant of between $100,000 and $2 million to fund these purchases. The entities will then distribute the meals at no cost.