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Author Archives: Jessica Perry

Pic Page: April 26, 2021

NJBIZ Pic Page: April 26, 2020

Photos featuring PSEG's $150,000 donation to the Food Bank of South Jersey, volunteers from ShopRite and One Tree Planted team up to kick off Earth Week, and Deborah Heart and Lung Center celebrates implanting its 100th Bluetooth enabled defibrillator, from this week’s issue of NJBIZ.

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Filling the gaps

The first awards under the state’s new corporate incentive program have yet to be handed out, but lawmakers are already considering how to clean up the $14.5 billion package. And Gov. Phil Murphy is apparently on board.

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History on tap

Descendants’ beers give a nod to the owners’ German, Belgian, and British roots.

61 Bridge St. in Milford was built in 1879, this confirmed by the mason and builder’s dated signatures on a recently uncovered stone wall inside, and is home to the state's oldest craft brewery. Now, the former The Ship Inn is rebranding as Descendants Brewing, full of nods to its past as a British pub with stories of its new owners' own history knitted in.

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Clearing the air

Time is money

Despite helping New Jersey businesses of all sizes get through these challenging times, many companies remain skeptical about applying for the Paycheck Protection Program, even though it’s been a year since its introduction. Myths, misconceptions, inaccuracies—you name it—linger, and they may be causing unnecessary hesitation. First Bank President and CEO Patrick Ryan explores five common PPP misunderstandings and explains why, if you’re a business in need of cash, the time to act is now.

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Changing channels

Piggy bank underwater.

A year into the pandemic, with the outlook for SMBs in New Jersey seeming slightly better based on recent economic data, Piermont Bank founder and CEO Wendy Cai-Lee explores how to leverage your bank to help stabilize your business, finance your growth and move forward. And how your bank can play a more active role in helping navigate the financing landscape.

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Green shoots

Welcome sign of a bar or pub, with reminder to wear mask and observe social distancing. Concept of new normal operations in a bar or restaurant.

As the state begins to recover from the COVID-19 economic downturn, the industries hit hardest by the pandemic a year ago seem to be rebounding most quickly. Sectors such leisure and hospitality, and construction have boomed in recent months, posting some of the largest job gains this spring.

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April 19, 2021 Edition of NJBIZ

April 19, 2021 Edition of NJBIZ

This week’s digital issue of NJIBZ – featuring what summer at the shore is shaping up to look like, the attempt to make banking SAFE for the cannabis industry, the next round of pandemic business relief from New Jersey, we shine our spotlight on Construction & Infrastructure and more!

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Money in the pipeline

NJEDA CEO Tim Sullivan delivers remarks as Gov. Phil Murphy signs Assembly Bill 5446 into law at Jammin’ Crepes in Princeton, on April 12, 2021. (Josue Lora/ NJ Governor's Office).

The New Jersey Economic Development Authority is moving ahead with pre-registration for businesses to apply for some of the $85 million in COVID-19 monetary relief targeted at small businesses and nonprofits, with applications set to formally open at the start of May.

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Risky business

Cannabis businesses operate solely in cash due to federal banking laws. - BEAU WHITNEY

A recent Marijuana Banking Update from FinCEN, the Financial Crimes Enforcement Network of the United States Department of the Treasury, found that 515 banks and 169 credit unions nationwide serve cannabis-related businesses. Out of the approximately 5,000 banks nationwide, that’s a relatively small number to handle the estimated $18.3 billion in legal cannabis sales in 2020. The SAFE Banking Act would change that.

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