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This week, the U.S. Bureau of Economic Analysis (BEA) released updated Q1 2020 GDP estimates and Q1 2020 Corporate Profit preliminary estimates. The BEA originally reported a preliminary estimate of a 4.8% contraction in national Q1 2020 GDP, in April. The BEA updated their estimate this week to a 5% contraction in Q1 2020.  A […]

NJBIA Chief Government Affairs Officer Chrissy Buteas posted a public comment last week on the U.S. Small Business Administration’s rule entitled “Business Loan Program Temporary Changes: Paycheck Protection Program.” Due to the urgency of needed funds for New Jersey businesses during the COVID-19 crisis, the comment asks SBA to “act expeditiously to address additional funding […]

Gov. Phil Murphy recently announced a new survey to ascertain the impacts the COVID-19 pandemic has had on New Jersey businesses and nonprofits. The 10-15 minute survey can be found here. Murphy said the overall summary results will be made public, but individual responses will be kept confidential.

Since the COVID-19 health crisis began, NJBIA has strived to bring members the most timely, critical and insightful information as possible, with the widest range of state and federal leaders and industry experts. To date, some 21,000 people have registered for our first 26 coronavirus-based webinars. Here’s a roundup of a few of the most […]

This week, the New Jersey Business Coalition, which includes NJBIA and more than 80 other business groups, sent a new letter to Gov. Phil Murphy and the Legislature, urging critical next steps needed for businesses to prepare to reopen. Among other requests, it asks for the establishment of specific guidance, metrics, targets and risk assessment […]