Updates from NJ's Business Advocacy Agency

 

Business Questions? NJBAC Has Answers.

Your resource for current news, policies and updates to stay informed during the global pandemic.

http://cv.business.nj.gov/

 

The Paycheck Protection Program Part II is Open

Congress has reached a new deal to replenish funds to the Paycheck Protection Program (PPP) aiding small businesses working through financial hardships brought on by COVID-19. The new PPP and Health Care Enhancement Act was signed into law on Friday by the President after receiving bipartisan support in the House and Senate. The SBA began accepting applications again this morning, although funding is expected to run out within days. Companies are encouraged to apply regardless in case additional funding becomes available in the future.

Provisions include new safeguards to work against unfair apportioning and more money allocated for small businesses and community lenders. It is strongly advised that those interested in applying begin gathering materials and working with their bank to ensure fast submission once the Small Business Administration reopens enrollment.

Visit SBA Here

 

Governor Murphy Announces "The Road Back"

If you missed Governor Murphy's address today about "The Road Back" recovery plan, please see the transcript below. He laid out six prinicples to keep the state on track for re-opening the economy. They are: 1) Following trends of sustained reductions in new COVID-19 cases; 2) Expanding testing capacity and speeding up the results; 3) Robust contact tracing; 4) Ensuring safe places where those diagnosed can isolate; 5) Responsibly restarting the economy once the initial four public health principles are accomplished; 6) Ensuring the state's resiliency long-term.

Read the Transcript

 

Unemployment Insurance for Self-Employed

Unemployment benefits are available for self-employed personnel, contractors, and gig workers through the Pandemic Unemployment Assistance or the Families First Coronavirus Response Act. Guidelines have been prepared to see if you qualify and to provide information on how to file.

View the Guidelines

 

Census Data for Healthcare Heroes

Completing the Census is a small thing we can all do to help take care of each other during these difficult times. The data used from Census collection informs where more than $45 billion is distributed each year for the state of New Jersey. That includes funding allocation for hospitals, first responders, Medicare, Medicaid and much more. Give local healthcare providers the right tools by encouraging your network to complete the Census.

Record Your Census Response 

 

Help for Entrepreneurs

The New Jersey Economic Development Authority has launched a program to encourage investments in Garden State entrepreneurs. The $5 million program offers loan guarantees for investors that provide loans to entrepreneurs impacted by COVID-19. 

Read Eligibility Requirements and Apply

 

 

Stay Healthy. Stay Safe. Stay Smart.

Contact the NJBAC Business Helpline:

1-800-JERSEY-7

 

Let our Business Advocates help you.