COMMUTER AND TRANSIT BUS PRIVATE CARRIER RELIEF AND JOBS PROGRAM – PHASE 2
The application for Phase 2 is now closed. For more information, please contact busrelief@njeda.gov.
The second phase of the Commuter and Transit Bus Private Carrier Relief and Jobs Program will help commuter and transit bus transportation companies alleviate continued revenue loss resultant from the effects of this new normal economy and the new realities of remote work. Helping the state’s private carrier industry will both benefit New Jerseyans who rely on the state’s commuter bus services as well as the residents employed by the private carrier companies.
To receive funding, applicants must meet all eligibility criteria described below. The eligibility criteria are non-discretionary and program funds will be allocated on a predefined formula to ensure the program can be efficiently administered.
PROGRAM DETAILS
The Commuter and Transit Bus Private Carrier Relief and Jobs Program will provide a one-time grant to eligible commuter and transit bus private carriers in New Jersey to help commuter and transit bus transportation companies alleviate continued revenue loss resultant from the effects of this new normal economy and the new realities of remote work. Helping the state’s private carrier industry will both benefit New Jerseyans who rely on the state’s commuter bus services as well as the residents employed by the private carrier companies.
The Program grants will address the loss that has not been addressed through any other funding sources. The unmet need is defined as 2022 New Jersey revenue losses (calculated as the difference between each applicant company’s 2022 revenues reported in New Jersey and 2019 revenues reported in New Jersey) less any other public or private relief funds that a company received for 2022.
ELIGIBILTY
To be eligible, an applicant must demonstrate the following in a manner acceptable to the Authority:
- Have been in business prior to February 15, 2020;
- Be a for-profit business (non-profits are excluded from the Program based on other required criteria); public agencies, authorities, or government entities are not eligible;
- Be registered to do business in and operating in the state of New Jersey, as evidenced by a current New Jersey Tax Clearance Certificate;
- Provide fixed route bus service (MB) or commuter bus (CB) service as defined in the Federal Transit Administration’s National Transit Database (NTD) Glossary. Other services, including but not limited to those provided by charter buses, school buses, municipal shuttles, vanpool, and on-demand bus services, are not eligible;
- Have reported Vehicle Revenue Miles for fixed route bus service (MB) or commuter bus service (CB) greater than 0 in New Jersey directly to the NTD, as recorded in the current Annual Data Tables Service, or through NJ Transit as a private carrier;
- Demonstrate systemic decrease in revenues (losses) in the state of New Jersey in 2022 due to the new realities in working habits (calculated as the difference between each applicant company’s 2022 NJ-generated revenues and 2019 NJ-generated revenues as reported in the respective NJ CBT-100 or CBT-100S tax returns, Schedule J) that has not been fully addressed by other public or private relief funding sources
- Certify bus service, through peak vehicle requirements or notice of service changes, has not voluntarily reduced since 2021, from time of application, at milestone stages, and through the end of the grant compliance period.
- Satisfy the Authority’s debarment/disqualification review and not have any defaults or outstanding obligations to the Authority; and
- Be in good standing with the following sister agencies: New Jersey Department of Labor, New Jersey Department of Environmental Protection, New Jersey Division of Taxation, and New Jersey Transit.
Please be advised: New Jersey State law prohibits most cannabis license and certification holders from receiving or continuing to receive an economic incentive from the NJEDA. If the applicant, or any person who controls the applicant or owns or controls more than one percent of the stock of the applicant, has applied for or received a license or a certification from the New Jersey Cannabis Regulatory Commission (NJ-CRC), the applicant is ineligible for this program and should not proceed with an application. If an application is received from an applicant that meets this criteria, the application will be declined and the application fee will not be refunded.
CONDITIONS OF FUNDING
Grant amounts will allocate funds based on each eligible applicant’s proportional share of the total eligible applicant’s vehicle revenue miles (VRM) in New Jersey for 2022. Any leftover funds would be reallocated proportionally based on VRM.
Total grant pool = $11,400,000
Applicant VRM = Vehicle Revenue Miles submitted to NTD for NJ in 2022
Total VRM = Sum of Vehicle Revenue Miles submitted to NTD for NJ in 2022 for all eligible applicants
Total base awards = Sum of base awards for all applicants
The maximum award will not exceed the applicant’s unmet need. For this Program, unmet need is defined as 2022 New Jersey revenue losses (calculated as the difference between each applicant company’s 2022 revenues reported in New Jersey and 2019 revenues reported in New Jersey), less any other public or private funds that a company received for 2022.
MORE INFORMATION
An additional funding for unmet need affidavit must be completed by all businesses that are applying for, been awarded and/or receiving any assistance funded by Commuter and Transit Bus Private Carrier Relief and Jobs Program being offered by the New Jersey Economic Development Authority(NJEDA). The information within this affidavit will provide the NJEDA with vital information for processing the application. You are an authorized Signor (Owner, CEO, or similar level of officer) for this entity. I hereby state and certify to the United States Federal Government and to NJEDA as follows:
PROGRAM GUIDE
QUESTIONS
For more information or to ask a specific question please send an email to busrelief@njeda.gov and a team member will reach out to you.