NJBIA President and CEO Michele Siekerka released the following statement regarding today’s announcement by Governor Murphy of an additional $15 million in CARES Act funding for New Jersey small businesses.
“NJBIA thanks Governor Murphy and his administration for this additional allocation to help New Jersey small businesses and nonprofits, whose bottom lines continue to be decimated by months of closures and reopenings with very limited capacity.
“NJEDA’s programs have been a vital lifeline for our small businesses. However, we also know they have been oversubscribed. The needs of our businesses are broad and we know that additional federal stimulus money remains on the sidelines.
“For New Jersey’s economic health, these funds and more CARES Act money must continue to be made available to our businesses. It is also critical that, as a state, we do not cut into these much-needed grants by imposing new costs on businesses through proposed mandates, taxes and fees.”