New Jersey Business Coalition Urges for State and Federal Support
The Greater Atlantic City Chamber as a member of the New Jersey Business Coalition, along with dozens of leaders of major business associations, penned two letters this week seeking continued support for recovery efforts. One letter was sent to Governor Muprhy and the New Jersey Legislature that addressed several important legislative priorities that could provide […]
NJEDA Announces $10 Million Second Phase of its Small Business Emergency Assistance Loan Program
The New Jersey Economic Development Authority (NJEDA) today announced it will open pre-registration for Phase 2 of its Small Business Emergency Assistance Loan Program at 9:00 a.m. EST on Wednesday, February 10, 2021. The $10 million program expansion will support New Jersey small businesses and nonprofits impacted by the COVID-19 pandemic and will be capitalized […]
Ørsted Pro-NJ Grantor Trust launches with expressions of interest accepted beginning February 1
Today, the Trustees of Ørsted’s Pro-NJ Grantor Trust Fund announced details of the fund and the process to apply. The $15 million fund was established by Ørsted following the selection of its Ocean Wind offshore wind farm project by the New Jersey Board of Public Utilities in June 2019, with the goal of ensuring that […]
Additional PPP Guidance and Resources: How to Calculate Maximum Loan Amounts for First Draw
SBA, in consultation with the Treasury Department, has recently released additional PPP guidance and resources: How to Calculate Maximum Loan Amounts for First Draw PPP Loans and What Documentation to Provide – By Business Type (Released 1/17/2021) SBA, in consultation with the Treasury Department, has recently released additional PPP guidance and resources: Procedural Notice – PPP Borrower […]
SENATE COMMITTEE ACTS ON SWEENEY-SINGLETON BILL TO UPGRADE WATER & VENTILATION SYSTEMS
A Senate committee today approved a bill sponsored by Senate President Steve Sweeney and Senator Troy Singleton that would help schools and small businesses in New Jersey upgrade their water and ventilation systems to better protect the health of students, educators, customers and workers. The bill, S3033, would establish the School & Small Business Energy […]
SBA Re-Opening Paycheck Protection Program to Small Lenders Today and All Lenders on Tuesday, January 19
The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15, 2021 at 9 am ET. The portal will fully open on Tuesday, January 19, 2021 […]
SBA and Treasury Announce PPP Re-Opening; Issue New Guidance
The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January […]
New Jersey Business Coalition Pens Letter to State Congressional Delegation: “COVID-19 SUPPORT FOR BUSINESSES REMAINS CRUCIAL”
The Greater Atlantic City Chamber is a pround member of the New Jersey Business Coalition. The coalition, led by the New Jersey Business & Industry Association,is comprised of dozens of major business and nonprofit associations representing employers that provide millions of jobs in New Jersey. The coalition continues to put forth recommendations for a COVID-19 […]
Governor Murphy Signs Executive Order Lowering Limits on Indoor and Outdoor Gatherings
Governor Phil Murphy today signed Executive Order No. 196, which lowers indoor and outdoor gathering limits. Effective Tuesday, November 17 at 6:00 a.m., the indoor gathering limit will decrease from 25 to 10 people. The outdoor gathering limit will decrease from 500 people to 150 people, effective Monday, November 23 at 6:00 a.m. “As we have […]
Governor Murphy Signs Executive Order Permitting Municipalities and Counties to Impose Additional Restrictions on the Hours of Operation of Non-Essential Businesses after 8:00 p.m.
Governor Phil Murphy today signed Executive Order No. 195, which permits municipalities and counties to impose additional restrictions on the hours of operation of non-essential retail businesses, food and beverage establishments, and recreation and entertainment businesses after 8:00 p.m. The Order prohibits municipalities and counties from imposing restrictions that prevent dining establishments from arranging for […]