Christopher Emigholz, NJBIA Vice President of Government Affairs
NJBIA testified in favor of three bills before the Assembly Appropriations Committee today that are in response to the coronavirus pandemic and took the opportunity to urge lawmakers to provide a much broader effort to help small businesses.
The three bills NJBIA supports would:
- establish NJ Hospitality Emergency Loan Program in Economic Development Authority (EDA) to provide no-interest loans to qualified small hospitality businesses (A-3959, Mukherji);
- expand an existing EDA loan program for small producers of alcoholic beverages to cover operating expenses during a pandemic (A-3965, Moen); and
- permit municipalities to extend the grace period with no interest for payment of property taxes during a declared public health emergency(A-3967, Danielsen).
“Beyond these three bills, NJBIA hopes to see you continue to advance legislation from the New Jersey Business Coalition’s recommendations submitted to the Legislature on April 1,” said NJBIA Vice President for Government Affairs Chris Emigholz, testifying via conference call. “Whether they are bills using the federal funding that New Jersey was provided through the CARES Act or loosening some of the onerous rules and regulations to give small businesses some flexibility as they struggle to stay open and recover, businesses need your help.”
For instance, on the hospitality bill, Emigholz urged the committee to expand the EDA loan program for all small businesses by increasing the relatively low $1.5 million annual revenue threshold and consider adding a grant program.
“With the catastrophic economic conditions because of COVID-19, a grant program may be necessary in addition to the bill’s current loan program,” Emigholz said. NJBIA also recommended clarifying that the Governor can use the funding available under the federal CARES Act and can increase the $5 million appropriation through federal funding.
Similarly on A-3965, Emigholz urged legislators to expand funding for small businesses beyond just producers of alcoholic beverages.
“Given how many businesses of all kinds have been ravaged by this disaster, NJBIA would like to see greater expansion of EDA programs beyond this bill,” Emigholz said. “But A-3965 is certainly going in the right direction for these small producers of alcoholic beverages that may need operating support outside of the existing capital program.”
One response to “‘Businesses Need Your Help,’ NJBIA Tells Appropriations Committee”
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Sir, since you failed to answer other questions on your post from a month ago (with people still asking this same question), I will ask it here.
“Your claim is not payable at this time.” Okay, fine, I guess I’ll call the Reemployment Center and ask why. Why is it that EVERY TIME we call the “Reemployment Center” an automated message says “we are too busy to answer your call, please call the next business day”? I thought the one day or at that specific time it was busy, but it seems to not be considering that EVERY SECOND OF THE DAY no one can pick up? I can’t even say there’s people on the line because, as my parents visited the center in Pleasantville AND IT WAS CLOSED. My parents filed their claims a month ago and neither of them are receiving anything. “not payable at this time” IS NOT GOOD ENOUGH.
You made them stop working, forced their money to stop coming yet they still have bills to pay.
I’m not saying reopen the economy right this instant, but there has not been a SINGLE answer to anyone’s question so I will keep posing the question, WHEN WILL FAMILIES GET THE MONEY THE GOV’T DENIED THEM OF MAKING?