Small Business Stimulus Package Nj
What you should do immediately to take advantage of these programs.
Small business stimulus package nj. Mclaughlin following a 2 trillion plus stimulus bill passed in the spring of 2020 the congress has finally been able to come to terms on another economic stimulus and relief bill and the president has finally signed it into law. Small business guidance loan resources. Lawmakers have agreed on a 900 billion covid stimulus package december 21 2020.
The legislation sets aside 284 billion towards forgivable small business loans under a new iteration of the paycheck protection program. The smallest businesses those 10 or fewer full time. The agency will accept applications for one week or until.
Small businesses are encouraged to do their part to keep their employees customers and themselves healthy. Small business support and workforce development on october 21 2020 governor murphy announced 14 million in additional cares act funding for workforce development programs. Small business assistance expect in the new stimulus package by maurice w.
Below are details of small business provisions of the new stimulus package and as importantly. Nj to spend 70m on more small business grants. Small businesses that took a ppp loan and saw their revenues fall by 25 will be able to obtain a second loan.
The eda package includes a half dozen programs for new jersey based businesses feeling the effects of the coronavirus economic crisis. Diamond asbury park press view comments new jersey restaurant owners hurt during the pandemic will. Keep in mind that this.
The programs are designed to help businesses impacted by covid 19 replenish their workforce and help jobless residents learn new skills that lead to successful reemployment. This time the priority is restaurants michael l. How much nj residents can expect long valley nj most new jersey residents can expect a direct payment while unemployment is beefed up and extended.