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.