NJEDA Warns that Underfunded Grant Program Will Be Oversubscribed, Leaving Many Applicants with Nothing
With warnings from the New Jersey Economic Development Authority (EDA) that Phase 3 of its emergency business grant program will be oversubscribed, Senator Anthony M. Bucco urged Governor Phil Murphy to dedicate more of the billions in CARES Act relief funds at his disposal to bolster the relief program that could keep thousands of small […]
Murphy Signs Executive Order to Protect New Jersey’s Workforce During the COVID-19 Pandemic
Building on ongoing efforts to safeguard New Jersey’s frontline workforce, Governor Phil Murphy signed Executive Order No. 192, providing mandatory health and safety standards to protect all New Jersey’s workers at work during the pandemic. “Since the start of the pandemic, New Jersey workers across all sectors have risen to the challenges imposed by COVID-19,” said […]
GREENWALD, MAZZEO & VERRELLI BILL TO REDUCE OR DELAY EMPLOYER UNEMPLOYMENT TAXES DURING PANDEMIC CLEARS ASSEMBLY COMMITTEE
In an effort to ease the burden on businesses grappling with the economic impact of the COVID-19 pandemic, the Assembly Appropriations Committee this past Monday advanced legislation sponsored by Assembly Majority Leader Louis Greenwald, Assemblyman Vince Mazzeo and Assemblyman Anthony Verrelli to relieve businesses of a portion of their unemployment tax obligation during the public […]
NJEDA Announces $70 Million Phase 3 COVID-19 Grant Program
Phase 3 expands eligibility and increases size of grants with focus on restaurants and micro-businesses The New Jersey Economic Development Authority (NJEDA) today announced Phase 3 of the Authority’s Small Business Emergency Assistance Grant Program. Phase 3, which will be funded with $70 million in Coronavirus Aid, Relief, and Economic Security (CARES) Act funding, significantly […]
Governor Murphy, Lieutenant Governor Oliver, Legislative Leadership, and Congressional Representatives Announce Additional $100 Million for COVID-19 Economic Recovery
Funding Will Support Grants for Restaurants and Micro-Businesses, Reduced-Price PPE for Small Companies, Rent Relief for Tenants, and Food Insecurity Governor Phil Murphy, Lieutenant Governor Oliver, Senate President Steve Sweeney, Assembly Speaker Craig Coughlin, U.S. Senator Bob Menendez, and Congressman Tom Malinowski today announced $100 million in additional Coronavirus Aid, Relief, and Economic Security (CARES) […]
Governor Murphy Signs Executive Order Allowing the Resumption of Contact Practices and Competitions for Certain Organized Sports in Indoor Settings
Governor Phil Murphy today signed Executive Order No. 187, allowing the resumption of contact practices and competitions in indoor settings for organized sports defined as “medium risk” and “high risk” by the New Jersey Department of Health’s “Guidance for Sports Activities.” The order encompasses sports including hockey, basketball, cheerleading, group dance, rugby, boxing, judo, karate, […]
SBA and Treasury Announce Simpler PPP Forgiveness for Loans of $50,000 or Less
The U.S. Small Business Administration, in consultation with the Treasury Department, today released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars. “The PPP […]
NJ HUMAN SERVICES OPENS GRANT APPLICATIONS TO HELP CHILD CARE PROVIDERS MEET INCREASED COSTS AMID COVID-19 PANDEMIC
Licensed Centers and Registered Family Child Care Providers Open by Oct. 1 Can Apply; Funding Can Be Used for COVID-related expenses such as PPE, Cleaning, Classroom Modifications & Staffing New Jersey Human Services Commissioner Carole Johnson today announced licensed child care centers and registered family child care providers can begin applying for grants to help […]
Governor Murphy, Lt. Governor Oliver, Senate President Sweeney, Assembly Speaker Coughlin, Assembly Budget Chair Pintor Marin, and Senate Budget Chair Sarlo Announce Agreement to Include Millionaire’s Tax in Revised FY2021 Budget
Governor Phil Murphy, Lieutenant Governor Sheila Oliver, Senate President Steve Sweeney, Assembly Speaker Craig Coughlin, Senate Budget Chair Paul Sarlo, and Assembly Budget Chair Eliana Pintor Marin today announced that that the revised Fiscal Year 2021 (FY2021) budget will raise the state’s gross income tax rate on income between $1 million and $5 million per […]
Assembly committee moves one Atlantic City casino relief bill, pulls another
Two pieces of legislation aimed at providing some measure of financial relief for a struggling Atlantic City casino industry hit hard by the coronavirus went in different directions Thursday morning. The Assembly Appropriations Committee unanimously cleared a bill, A4022/S2257, that allows casinos and racetracks to deduct a portion of sports betting revenue taxes, while holding […]