coronavirus Update for New Jersey Businesses 4.24.2020

Posted: Friday, April 24, 2020

Today's News for New Jersey Business:
New federal relief bill brings more money for small business loans. The plan for Rutgers' COVID-19 test. A rush to file sale tax returns.

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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.


More Money for Small Business Loans - The House passed a $484B coronavirus relief package yesterday, essentially renewing the Paycheck Protection Program (PPP) that provides forgivable loans to small businesses. The relief bill adds $349 billion to the PPP, which had run out of money due to high demand soon after it opened. The relief bill also provides funding for hospitals and expanded medical testing. President Trump said he will sign it. (The Hill)

N.J. Chamber Webinar: The Relief Package Explained - Neil Bradley, executive vice president and chief policy officer of the U.S. Chamber of Commerce, provided valuable details yesterday on the various federal loan programs designed to help businesses navigate the pandemic.

To watch a replay of the N.J. Chamber of Commerce webinar, click here.

Loan Money Reserved For the Smallest Businesses - To help the smallest companies gain access to loans, $60 billion of the new funding for the Paycheck Protection Program is set aside for small banks, credit unions and community lenders, said Bradley, of the U.S. Chamber.

Businesses Trying to Survive the Pandemic Need Capital - The ability to access capital – loans, grants and other sources of cash – is essential for businesses struggling to withstand the pandemic, said N.J. Chamber of Commerce President and CEO Tom Bracken. "We urge our state leaders to look beyond the government relief programs to find new sources of working capital," Bracken said.

Rolling Out More Tests - The newly developed coronavirus test from Rutgers University could screen 10,000 people daily and become a key part of New Jersey's reopening plan. The development is significant since Gov. Phil Murphy has said a big expansion of daily testing is needed before the state can roll back lockdown restrictions. (nj.com)

The Plan - New Jersey plans to use the new, easier-to-administer Rutgers test to screen residents and staff at state-run facilities for individuals with developmental disabilities and at nursing homes in South Jersey, which New Jersey officials said could serve as a model for more widespread public testing. (NJ Spotlight)

Sales Tax Rush - New Jersey's online tax filing portal was overwhelmed on Monday as business owners rushed to file sales tax returns before the April 20 deadline. Some had been wondering whether the sales tax deadline would be extended. (NJBIZ)

No Fly Zone - With no traffic and no revenue, the Port Authority of New York and New Jersey is appealing to the federal government for coronavirus aid. (nj.com)

Yield Ahead - All Motor Vehicle Commission agencies, road testing facilities and inspection stations will remain closed until at least May 11, the Murphy administration announced. Most renewals of driver licenses, non-driver IDs, and registrations – including, for the first time, some commercial registrations – can be processed online at NJMVC.gov.

Have Questions About the Status of an Unemployment Claim? - You can send a message to the state Labor Department through its website – www.myunemployment.nj.gov. Then follow these instructions:

· On the top of the page, scroll to the right for “Need Help” and unveil the drop-down menu
· Choose Send an Email
· Choose Email: Submit a message through the new online form.
· Follow the prompts

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 Reported: 5,368, up from 5,063 the previous day.

Total Positive COVID-19 Tests Reported: 99,989, up from 95,865 the previous day.

For data on hospitalizations and discharges, click here.


Resources

The N.J. Chamber of Commerce Webinar with Neil Bradley, chief policy officer of the U.S. Chamber of Commerce, provides valuable details on the federal loan programs designed to help businesses navigate the pandemic.(April 23)

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.