Middletown Launches Economic Relief Program to Help Small Businesses Recover from COVID-19

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.

Throughout a press convention on Oct. 15, Mayor Tony Perry and the Middletown Township Committee introduced the launch of MERP, which can provide as much as $15,000 to eligible companies within the township. Congressman Chris Smith, Monmouth County Freeholder Director Tom Arnone, Middletown Financial Improvement Committee Chairman Abe Littenberg, Township officers, and a few native small enterprise house owners attended the occasion.

This system’s funding, which is greater than $400,000, was supplied via the federal Coronavirus Support, Aid and Financial Safety (CARES) Act and seeks to assist companies which can be affected by the monetary affect of COVID-19.  These funds are supplied from the Division of Housing and City Improvement by way of the Group Improvement Block Grant (CDBG-CV) Program.

Our e-newsletter delivers the native information which you can belief.

“As quickly as we discovered that the Township could be receiving assist via the (CARES) Act, we swiftly created this program as a mechanism to supply a monetary lifeline to our small enterprise house owners,” mentioned Mayor Tony Perry, who additionally serves on the board of the Jap Monmouth Space Chamber of Commerce. “We perceive the emotional and monetary burden this pandemic has had on our enterprise house owners and need to have the ability to give one thing again since all of them deliver a lot to our neighborhood.”

Middletown-based companies and non-profit organizations that match the factors beneath are inspired to use for this system:

  1. Your corporation/non-profit group is situated in Middletown Township.
  2. Your corporation/non-profit group has between 3-40 workers.
  3. A minimum of 51% of your enterprise’s workers fall at or beneath designated regional revenue requirements.

INELIGIBLE BUSINESSES INCLUDE:

  1. Governmental or quasi-governmental workers reminiscent of branches of the USA Put up Workplace.
  2. Banks and different monetary or lending establishments with greater than 1 department or workplace.
  3. Actual property businesses or brokerages.
  4. Companies with any elected official possession stake.

When making use of, please remember the fact 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 will probably 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 via the Township’s web site. For those who wouldn’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 Street) throughout common enterprise hours for assist. The deadline to use is Monday, November 9, 2020 by 11:59 PM. Functions acquired after that point won’t be thought-about.

 

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