New Jersey Chamber Alliance provides feedback on NJ Fiscal Year 2020 budget to NJ Legislators
On March 8, your Greater Atlantic City Chamber joined the New Jersey State Chamber of Commerce and the New Jersey Chamber Alliance penned a letter to NJ State Legislators to provide feedback and offer suggestions about ways to most effectively allocate funds that will help our economy recover from the COVID-19 pandemic. There were many […]
Pending NJ DEP regulations can devalue land and stymie development
Yesterday, your Greater Atlantic City Chamber sent a letter to New Jersey Lieutenant Governor Sheila Oliver and additional state and local elected officials expressing concerns regarding pending regulations from the New Jersey Department of Environmental Protection (NJDEP). We believe that the regulations will exceed the bounds of reasonableness with drastic impacts to our coastal communities. […]
Coalition Seeks Specific Benchmarks for Further Reopening of NJ Businesses
As businesses continue to suffer economically from COVID-19 related operating restrictions, the Greater Atlantic City Chamber joined the NJBIA and the New Jersey Business Coalition in asking Gov. Phil Murphy for more specific details on a comprehensive state reopening plan. In a March 5 letter signed by more than 90 major business and nonprofit associations, […]
Governor Murphy Expands Small Business Lease Assistance Grant Program by $5 Million
Governor Phil Murphy today announced an additional $5 million has been allocated to the Small Business Lease – Emergency Assistance Grant Program (SBL-EAGP), which allows businesses in 64 legislatively designated municipalities to apply for grants of up to $10,000 for lease costs. The program, which has already allocated $10 million to roughly 1,000 businesses, assists small business […]
Governor Murphy Signs Executive Order Raising Indoor Capacity Limits from 25 Percent to 35 Percent for Certain Businesses
On February 3, 2021, Governor Phil Murphy signed Executive Order No. 219, which increases indoor capacity limits from 25 percent to 35 percent for several businesses, including food and beverage establishments and entertainment and recreational businesses, effective Friday, February 5 at 8:00 a.m. The Executive Order also lifts the 10:00 p.m. curfew for in-person indoor […]
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 […]
GOPAL, SWEENEY BILL TO ALLOW COUNTY-BASED PLANS FOR COVID-19 RE-OPENINGS PASSES COMMITTEE
In response to statewide guidelines requiring businesses to close or reduce operations due to the COVID-19 pandemic, the Senate Commerce Committee today advanced legislation sponsored by Senator Vin Gopal and Senate President Steve Sweeney which would establish a county-based mitigation plan to allow businesses to operate during a pandemic. “While New Jersey has been hit […]
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 […]