Coronavirus Update for New Jersey Businesses 4.22.2020

Posted: Wednesday, April 22, 2020

Today's News for New Jersey Business:
New federal relief bill is advancing. COVID-19 rates increase in Central and South Jersey. What will restaurants look like in the new normal?

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An intelligence briefing for N.J. Chamber of Commerce members on how coronavirus is impacting your business, the economy and health in New Jersey.


Developing News in D.C. - The U.S. Senate approved a $483 billion coronavirus aid bill yesterday. The House is scheduled to vote on it Thursday. President Trump said he would sign it. Most of the funding, in excess of $300 billion, would go to revitalize the Paycheck Protection Program for small-business loans, which ran out of cash last week.

Also in the Bill - An additional $75 billion would be given to hospitals, and $25 billion would be spent to boost testing for COVID-19, a key step in building the confidence required to reopen state economies. (The Associated Press)

Join Our Webinar Tomorrow, April 23 at 4:30 p.m. - Our guest Neil Bradley, executive vice president and chief policy officer at the U.S. Chamber of Commerce, will discuss coronavirus relief efforts in D.C. and breakdown the various federal lending programs designed to help businesses navigate the pandemic. For more information and to register, click here.

Testing, Testing - New Jersey could need 20,000 to 30,000 coronavirus tests daily before reopening the state, and the turnaround time on results would need to drop significantly, state Health Commissioner Judith Persichilli said. The state currently tests 7,000 to 9,000 per day. (nj.com)

New Jersey Not Ready - Gov. Murphy said Tuesday night he knows what would happen if he allowed businesses to reopen now. “Nobody would show up,” Murphy said during an interview with MSNBC’s Chris Hayes. (nj.com)

Credit Cut - Fitch Ratings cut New Jersey's debt grade to ‘A-’ and reduced the state's rating outlook from ‘stable’ to ‘negative,’ citing economic impact of COVID-19 and long-standing problems like pension liability and scant reserves. (NJ Spotlight)

A Surge in the South - New Jersey’s overall rate of hospitalizations from the coronavirus is stabilizing, but the central part of the state is now seeing a surge in patients as the outbreak moves south, state officials said. (nj.com)

Where Are the Other Patients? - Doctors worry non-COVID patients are avoiding hospitals. Emergency room visits by those with emergency conditions unrelated to the coronavirus are down by more than 50 percent at one hospital. (NJTV News)

Student Loan Relief - Some 200,000 New Jersey residents with private student loans will get relief during the coronavirus crisis, Gov. Murphy announced. The state's agreement with private lenders postpones payments for at least 90 days, waives fees for late payments, ensures that borrowers who miss payments do not receive a negative credit rating and stops debt collection lawsuits for 90 days. (nj.com)

Restaurants in the New World - Tables outside, disposable menus, single-use condiments and the use of Plexiglas barriers between tables can be some of the things seen when restaurants first reopen. (ROI-NJ)

Tonight at 7 p.m. - Watch JERSEY 4 JERSEY, a star-studded, broadcast fundraiser for the New Jersey Pandemic Relief Fund. Participants include Jon Bon Jovi, Chris Rock, Bruce Springsteen and Jon Stewart. For more info and how to watch, click here.

Get Counted - New Jersey residents can respond to the 2020 Census to help ensure the state gets its fair share of federal funding, including money for hospitals and first responders.

N.J. Coronavirus Cases - New Jersey Residents
(Source: N.J. Health Department)

Total Deaths: 4,753, up from 4,377 the previous day.

Total Positive COVID-19 Tests: 92,387, up from 88,806 the previous day.

For data on hospitalizations and discharges, click here.


Resources

The N.J. Chamber of Commerce webinar with state Labor Commissioner Robert Asaro-Angelo provides vital information on the state unemployment insurance program and tips for applying. (April 16)

The N.J. Chamber of Commerce webinar with Al Titone, SBA district director of New Jersey provides vital information on SBA coronavirus relief loan programs. (April 14).

The U.S. Chamber of Commerce's Small Business Survival Guide has a complete listing of all of the coronavirus resources for small businesses.

The N.J. Economic Development Authority is offering assistance programs for New Jersey businesses. Information and applications can be found here.

The IRS posted information on 'stimulus checks' 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.