Paycheck Protection Program

PPP Change Gives Special Access to Smallest Businesses for 2 Weeks

Feb25,2021

A two-week window allowing businesses with fewer than 20 employees exclusive access to the Paycheck Protection Program (PPP) began yesterday in a move that the Biden administration says will help ensure small businesses are not left out of the forgivable loan program. However, Banking Dive has interviewed one financial consultant who questioned whether the move is even necessary because the share of funds going to businesses with fewer than 10 […]

NJBIA Testimony on Support of Two COVID-19 Tax Relief Bills

Jan21,2021

By Christopher Emigholz

Good afternoon! My name is Christopher Emigholz, and I am the Vice President of Government Affairs for the New Jersey Business & Industry Association (NJBIA) covering tax, budget and economic development issues. On behalf of our member companies that provide 1 million jobs in our State and make NJBIA the largest statewide business association in […]

NJBIA Supports 2 COVID-19 Tax Relief Bills for NJ Businesses

Jan21,2021

By NJBIA

NJBIA testified on Thursday in support of two COVID-19 tax relief bills, including legislation that would make sure New Jersey businesses that received federal assistance under the Paycheck Protection Program (PPP) will not have to pay state income taxes on their loans, even if those loans are forgiven. In testimony before the Senate Budget & Appropriations Committee meeting, NJBIA Vice President of Government Affairs Christopher Emigholz pointed […]

Economic Aid Act for the Paycheck Protection Program (PPP)

Jan14,2021

By Hunter Griffin

Economic Aid Act for the Paycheck Protection Program (PPP) —Background— On Dec. 27, 2020, President Trump signed the Economic Aid Act into law which included $284 billion for the Paycheck Protection Program (PPP). The legislation made several revisions to the program including changing eligibility requirements, creating a process for Second Draw loans, and adding additional […]

Federal COVID-19 Deal Reported Near to Aid Small Businesses, Unemployed

Dec17,2020

By NJBIA

Congressional leaders are reported to be close to a deal on a roughly $900 billion COVID-19 economic relief package that could deliver hundreds of millions of dollars in Paycheck Protection Program funds to ailing businesses. The agreement could also provide $300 a week in supplemental jobless benefits to the country’s 10 million unemployed workers and a second round of stimulus checks of $600 to $700 for Americans under a certain income threshold, according to a Washington Post story. However, direct aid to […]

Paycheck Protection Program

Sign Up for NJBIA's

NJ Business Today

Footer