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Main Street Acquisition Support Grant
General · New Jersey Economic Development Authority (NJEDA) · NJ
The Main Street Acquisition Support Grant is a New Jersey state grant from the NJEDA that reimburses up to $50,000 in closing costs for small businesses that buy and occupy commercial property in New Jersey.
The Main Street Acquisition Support Grant is a New Jersey state grant program run by the New Jersey Economic Development Authority (NJEDA). It reimburses closing costs incurred when a small business purchases commercial property that it will occupy and operate from, up to $50,000 per EIN/location.
To qualify, the property purchase must have closed after October 1, 2024, and the space must be at least 1,000 usable square feet. Both for-profit and nonprofit New Jersey small businesses can apply, but the business must commit to occupying the purchased property for five years and must hold a current NJ tax clearance certificate. This is a reimbursement grant tied to a real-estate transaction — it is not a general working-capital or startup grant.
For a small-business owner in New Jersey looking to move from leasing to owning their commercial space, this program can offset some of the upfront transaction costs, such as closing costs, that come with buying property. Because acquisition costs can be a major barrier to ownership, this kind of reimbursement can make purchasing a location more financially feasible.
The deadline is listed only as 'check current rounds,' meaning funding rounds open and close periodically, and applicants should check the NJEDA website for the current status. As of 2026, applicants are advised to confirm the current award amount, open application rounds, and eligibility requirements directly at the official NJEDA site before applying, since program terms can change between rounds.
Who qualifies
How to apply
Questions people ask
Is this a grant or a loan?
It is a grant (reimbursement), not a loan — no repayment is required.
Do I have to repay the money?
No, it is a reimbursement grant for closing costs, not a loan.
Who is eligible?
For-profit and nonprofit NJ small businesses that closed on a commercial property purchase (after 10/1/2024) of at least 1,000 usable sq. ft. that they will operate from.
How much can I get?
Up to $50,000 in reimbursement of commercial-property closing costs, one grant per EIN/location.
What is the deadline?
The listing shows 'check current rounds' — confirm current deadlines at the official NJEDA site.
Where do I apply?
Apply through the NJEDA program page at https://www.njeda.gov/main-street-acquisition-support-grant/
Is this only for New Jersey businesses?
Yes, this program is limited to businesses located in New Jersey (NJ).
Do I need to occupy the property?
Yes, you must occupy and operate from the purchased property for five years.
Is there a minimum property size?
Yes, the property must be at least 1,000 usable square feet.
Do I need any tax documentation?
Yes, a current NJ tax clearance certificate is required.
Is the grant taxable?
Confirm at the source — this is not specified in the listing.
Can nonprofits apply?
Yes, both for-profit and nonprofit NJ small businesses are eligible.
Who runs this program?
The New Jersey Economic Development Authority (NJEDA) administers this grant.
Opportunity number: not published. Source: curated + verified (official state source, 2026). GetFundedUSA is independent and not affiliated with New Jersey Economic Development Authority (NJEDA); always confirm current deadlines, amounts and eligibility on the sponsor's own page before applying.