4.8.2020 Today's Coronavirus News for New Jersey Business

Posted: Thursday, April 09, 2020

Today's Coronavirus News for New Jersey Business

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The latest information collected by the New Jersey Chamber of Commerce about how the outbreak is affecting New Jersey and your business.

Op-Ed by N.J. Chamber of Commerce President Tom Bracken - There is no switch someone can throw to restore New Jersey's economy to normal overnight. It is going to take time and it is going to take some creative thinking. And most of all, it is going to take ready access to working capital and liquidity. (nj.com)

More Relief - Feds could soon put up another $250 billion to help small businesses during coronavirus crisis. (nj.com)

No State and County Parks - Gov. Phil Murphy ordered the closing of all state parks and forests and county parks to advance social distancing measures.

No Tests to Graduate - Gov. Murphy plans to waive standardized testing for eighth grade and twelfth grade students who have not yet met the graduation assessment requirement due to the pandemic.

Riders on the Storm - Riders are concerned about social distancing on some NJ Transit buses. (NJTV)

Scam Alert - Be on alert for scams related to the federal government’s coronavirus assistance program – such as being contacted by someone offering relief payments in exchange for a fee or personal information. (The Hill)

The N.J. Chamber of Commerce is Partnering with ROI-NJ to Present Two Webinars Today, April 8.

· 11:30 a.m. A Discussion with Robert Asaro-Angelo, state Labor Commissioner - Get the latest information about the state's unemployment insurance and other assistance programs for employers and employees. For information on joining, click here.

· 5:15 p.m. A Discussion with Al Titone, SBA District Director of New Jersey - Get the latest information about the Small Business Administration’s Coronavirus Relief Loan Programs, including the Paycheck Protection Program. For information on joining, click here.


N.J. Coronavirus Cases as Reported by N.J. Health Department and Reported at Yesterday's Press Briefing:

Deaths: 1,232, up from 1,000 on Monday.

Confirmed cases: 44,416, up from 41,255.

Hospitalized: 7,017.

In critical care: 1,651, up from 1,505 on Monday.

On ventilators: 1,540.

Police - 562 police officers have tested positive for coronavirus and 2,941 are self-quarantined. That's out of about 36,000 officers statewide, New Jersey State Police Superintendent Col. Patrick J. Callahan said at a press briefing yesterday.

Looking Ahead - The governors of New York, New Jersey and Connecticut will take a regional approach to reopening the economy when it is safe to do so. (Politico)

The New Normal - Coronavirus will change the world permanently. Here’s how. (Politico)

New Business Loans to Become Available - The N.J. Economic Development Authority (NJEDA) will begin accepting applications for its Small Business Emergency Assistance Loans on Monday, April 13, but the application is already available. The $10 million program will provide working capital loans of up to $100,000 to small and mid-size businesses.

The application is posted here.
For more information on the loans, click here.

Resources

The U.S. Chamber of Commerce put out guides to help understand the federal relief offerings for business:
The Federal Economic Injury Disaster Loan Program (EIDL)
The Employee Retention Tax Credit
The Paycheck Protection Program (PPP)

Other federal relief programs to help small businesses include SBA Debt Relief and SBA Express Bridge Loans.

The N.J. Economic Development Authority has introduced grants, loans and other relief offerings for New Jersey businesses. Information and applications can be found here.

The state's jobs and hiring portal matches employers and candidates.
For employers to participate, click here.

New Jersey's website for information on all of the state's business resources during the pandemic.

New Jersey's website for up-to-date information about COVID-19.

To report a scammer or suspected price gouging, alert the N.J. Division of Consumer Affairs at (973) 504-6240 or at http://njconsumeraffairs.gov.

The state set up a 24-hour hotline where health care professionals are answering questions about coronavirus. The toll-free number is 1-800-222-1222. From outside the state, call 1-800-962-1253.

The New Jersey Chamber of Commerce is staying on top of Coronavirus (COVID-19) developments. For news media requests, please email Scott Goldstein.

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