Cap Memo

EDA to Spend $50 Million More to Support Businesses Struggling from COVID-19

May22,2020

Following up on Governor Murphy’s announcement last week committing $50 million to the EDA for grants to support small businesses hurt by the COVID-19 shutdown, the New Jersey Economic Development Authority (NJEDA) voted today to add $5 million to April’s oversubscribed grant program for those already in the queue and use $45 million for a […]

Murphy Takes First Steps to Reopen as Pressure Builds

May01,2020

By NJBIA

Gov. Phil Murphy this week the first substantive steps toward loosening restrictions on New Jersey’s lockdown as he allowed state and county parks and golf courses to open. But as NJ Spotlight reports, pressure is building to go further. Senate leaders of both parties are urging the new commission tasked with laying out a plan […]

Rulemaking Deadlines Extended

Apr17,2020

By Steve Wilson

New Jersey’s rule-making process is officially taking a back seat to combating COVID-19 after Gov. Phil Murphy signed an executive order extending the expiration date of regulations and various deadlines that are set to expire during the public health emergency. The extension took effect April 14 and will last until 90 days after the emergency […]

Benefits for Independent Contractors Under The Coronavirus Aid Relief and Economic Security (CARES) Act April 3, 2020

Apr03,2020

By Ray Cantor

There are two programs in the CARES Act intended to assist independent contractors respond to the economic conditions caused by COVID-19. These programs include a loan and grant program under the Small Business Administration and expanded unemployment provisions. Small Business Administration Paycheck Protection Program – The CARES Act creates a new loan program, the Paycheck […]

What Stimulus Relief Offers NJ’s Small Businesses

Apr03,2020

By NJBIA

NJBIA’s Ray Cantor shared insights with NJBIZ on how the $2.2 trillion economic stimulus package will help New Jersey businesses retain existing employees after the COVID-19 pandemic caused businesses to close. They Paycheck Protection Program and the emergency unemployment assistance provisions will help small businesses, which employ 49.8% of all New Jersey employees. Cantor told […]

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