Governor Murphy Announces Additional $15 Million in CARES Act Funding to Recovery of Small Businesses
Governor Phil Murphy announced today that an additional $15 million in Coronavirus Aid, Relief, and Economic Security (CARES) Act funding has been made available to New Jersey small businesses struggling with the pandemic. This funding is in addition to the $100 million the New Jersey Economic Development Authority (NJEDA) is currently administering through programs to […]
Governor Murphy Announces Main Street Commercial Corridors Relief
$6 Million in CARES Act Funding to be Allocated to NJRA Small Business Lease – Emergency Assistance Grant Program Governor Phil Murphy today announced a new relief program for small businesses impacted by the COVID-19 pandemic. The Small Business Lease – Emergency Assistance Grant Program (SBL-EAGP) will allow businesses in 64 eligible municipalities (Atlantic City and […]
Greater Atlantic City Chamber Launches Industry Roundtables to Support Recovery
The Greater Atlantic City Chamber launched a virtual roundtable initiative this week to collaborate within industry leaders to discuss challenges and solutions in the respective industry. The Greater Atlantic City Chamber’s Economic Development Committee will facilitate roundtables on the following three industries: Entertainment and Conventions, Real Estate and Financial, and Food and Beverage. “Our committee […]
Governor Murphy Signs Executive Order Requiring Individuals to Wear Masks in Outdoor Public Spaces When They Cannot Social Distance
Governor Phil Murphy today signed Executive Order No. 163, which requires individuals to wear face coverings in outdoor public spaces when it is not practicable to socially distance and keep a six-foot distance from others, excluding immediate family members, caretakers, household members, or romantic partners, except where doing so would inhibit that individual’s health, where […]
SBA and Treasury Announce Release of Paycheck Protection Program Loan Data
The U.S. Small Business Administration, in consultation with the Treasury Department, today announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). This disclosure covers each of the 4.9 million PPP loans that have been made. “The PPP is providing much-needed relief to millions of American small businesses, […]
Governor Murphy Signs Executive Order Establishing Rules for Indoor Dining, Indoor Recreational Facilities, and Individualized Instruction at Gyms and Fitness Centers
Order Includes COVID-19 Rules Across Businesses in Retail, Dining, and Recreation Sectors Governor Phil Murphy today signed Executive Order No. 157, which implements the reopenings announced earlier this week that will take effect on Thursday, July 2. Specifically, the Order contains several requirements for indoor dining, which can resume on July 2 but will be […]
2020 ATLANTIC CITY AIRSHOW IS CANCELLED
The Greater Atlantic City Chamber regretfully announces the cancellation of the 2020 Atlantic City Airshow due to public health risks associated with the COVID-19 pandemic. While COVID cases continue to decline in New Jersey, other states are experiencing increases. Using last year’s theme, “A Salute to Those Who Serve,” this year’s theme was going to […]
NJ Business Coalition Urges Safe Reopening of All Businesses Currently Closed
The New Jersey Business Coalition, of which the Greater Atlantic City Chamber is one of more than 100 leading business and nonprofit groups throughout the state, issued the following statement calling for the safe reopening of all New Jersey businesses that currently remain closed. The New Jersey Business Coalition is pleased to see movement toward […]
Governor Murphy Announces Increased Indoor and Outdoor Gathering Capacity Limits
Governor Phil Murphy today announced increased indoor and outdoor gathering capacity limits as COVID-19 cases in New Jersey continue to decline. Effective immediately, indoor gatherings are now limited to 25% capacity of the rooms in which they will take place, with a maximum of 100 persons. Outdoor gatherings are now limited to 250 persons, and […]
IRS provides answers about Coronavirus related tax relief for Qualified Opportunity Funds and investors
The Internal Revenue Service today provided guidance for Qualified Opportunity Funds (QOFs) and their investors in response to the ongoing Coronavirus Disease 2019 (COVID-19) pandemic. Notice 2020-39 (PDF) answers questions regarding relief from certain requirements under section 1400Z-2 of the Internal Revenue Code (Code) and the implementing regulations. Additionally, the IRS has updated the Qualified Opportunity Zones frequently […]