More Money for Businesses is Coming
The Federal Reserve released guidelines for its soon-to-open Main Street Lending Program that will offer four-year loans starting at $500,000 for small- and medium-sized businesses hit by the coronavirus pandemic. To qualify, a business must have had fewer than 15,000 employees or less than $5 billion in revenue in 2019. Lending institutions are administering the program, and […]
Recap of Additional COVID-19 Funds Announced for Small Business Relief
Forgivable Loan Qualification and Application: What You Need To Know Additional funds were recently announced to help small businesses affected by government-mandated closures as a result of COVID-19. The Paycheck Protection Program (PPP) is expected to have an additional $310 Billion as of this week. $10 Billion is expected to be added to the Economic […]
Governor Murphy Signs Executive Order Reopening State Parks and Golf Courses
04/29/2020 Order Restores County Authority to Open or Close County Parks TRENTON — Governor Phil Murphy today signed Executive Order No. 133, reopening state parks and golf courses, and restoring the authority of county governments to determine whether county parks will be open or closed. The order takes effect at sunrise on Saturday, May 2.“We understand that […]
NJ Labor Department to Begin Making Pandemic Unemployment Assistance Payments This Week
April 29, 2020 – Press release from the Department of Labor and Workforce Development TRENTON – The New Jersey Department of Labor and Workforce Development announced that recipients of federal Pandemic Unemployment Assistance (PUA) — the self-employed, independent contractors and others who are not usually eligible for unemployment insurance benefits — will start being notified of their […]
Governor Murphy Names Commission to Advise on Restart and Recovery of State Economy
04/28/2020 Press Release from Governor Murphy’s Office TRENTON – Governor Phil Murphy today signed an executive order creating a commission charged with advising the administration on the timing and preparation for New Jersey’s recovery from the COVID-19 shutdown. The Governor’s Restart and Recovery Commission will be comprised of 21 members, all with a vast wealth of experience in health care, […]
Governor Murphy and Superintendent Callahan Announce Clarifications to List of Essential Businesses Permitted to Operate
04/27/2020: Official Press Release from the State of New Jersey Governor Phil Murphy and Superintendent of the State Police Colonel Patrick Callahan today announced an Administrative Order clarifying which businesses are permitted to operate and ways in which certain businesses may operate in accordance with Executive Order 107. The Administrative Order states the following: 1) […]
National Restaurant Association releases coronavirus reopening guide for industry
With Georgia set to allow restaurants to reopen dining rooms as early as Monday, the National Restaurant Association has released a comprehensive COVID-19 reopening guide for the industry to ensure a safe and secure environment for employees and guests. The 10-page guide, created with input from the FDA, Centers for Disease Control and Prevention and […]
Governor Murphy Announces “The Road Back: Restoring Economic Health Through Public Health”
Governor Phil Murphy today announced his vision, “The Road Back: Restoring Economic Health Through Public Health,” to restart New Jersey and put the state on the road to recovery. Governor Murphy outlined six key principles and benchmarks to guide the process for restoring New Jersey’s economic health by ensuring public health. Read Governor Murphy’s full comments […]
PPP Lending Operations Update
Click here to view the updated FAQ’s on SBA website. PPP Lending Operations Update – Sunday, April 26, 2020 Due to the unprecedented demand for Paycheck Protection Program loans by the nation’s small businesses and to ensure equitable access and system integrity, SBA and Treasury are taking prudent and reasonable steps to protect SBA’s […]
ATLANTIC COUNTY BUSINESSES ENCOURAGED TO PARTICIPATE IN COVID-19 ECONOMIC IMPACT SURVEY
The Greater Atlantic City Chamber, Atlantic County’s largest organization of citizens and business people, in collaboration with the Casino Reinvestment Development Authority, Atlantic County Economic Alliance, Margate Business Association, Atlantic City Metropolitan Business and Citizens Association, Somers Point Business Association, Brigantine Chamber of Commerce, Mays Landing Merchant Association, and the Greater Hammonton Chamber of Commerce, […]