Gap Funds Only for Seaside Fire Victims

New Jersey Gov. Chris Christie talks to business owners affected by a massive fire that burned a large portion of the Seaside Park boardwalk, Saturday, Sept. 14, 2013, in Seaside Heights, N.J. The fire, which apparently started in an ice cream shop and spread several blocks, hit the recently repaired boardwalk, which was damaged last year by Superstorm Sandy. There were no reports of any injuries. (AP Photo/Julio Cortez, pool)

Seaside Fire Aid Will Only Cover Cost Not Picked Up By Insurance, SBA

By Art Gallagher | MoreMonmouthMusings.com

The Christie Administration announced this morning that government aid to assist businesses in recovering from the Seaside Boardwalk fire will only cover costs not reimbursed by insurance proceeds or by the Small Business Administration (SBA).

Governor Christie announced over the weekend that the New Jersey Economic Development Authority (EDA) will make $15 million in Community Development Block Grant Disaster Recovery monies available to affected businesses in the form of $50,000 grants and loans free of interest and principle payments for two years.

CONTINUE READING…

Share on Facebook