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Feds rolling out SBA loans for Ida-hit NJ businesses
Enterprises and nonprofits in six counties - Bergen, Gloucester, Hunterdon, Middlesex, Passaic and Somerset - can borrow up to $2 million in low-interest loans that owners can use to pay for storm-damaged property and machinery, equipment, inventory, and any other physical damage they suffered.
NJ poised to fully approve, roll out $10M Ida business relief Wednesday
Businesses with up to 50 employees that can demonstrate physical damage suffered from the storm can receive grants of between $1,000 and $5,000 from the NJEDA.
NJ’s COVID recovery unequal, lagging behind much of US, reports find (updated)
The Garden State's employment level declined 6.3% since 2019, according to Pew Charitable Trusts, placing it ahead of only Rhode Island, California, Hawaii and Nevada.
Weekly $300, other jobless aid ends over Labor Day weekend
According to the governor, continuing the payments would have cost the state $314 million per week and up to $1 billion each month.
Financial relief available for NJ’s small businesses impacted by Ida
The interim assistance will provide grants up to $5,000 to storm-impacted businesses/nonprofits with up to 50 employees.
2 more NJ Senate Dems back using federal COVID funds to prevent $250M tax hike
The increases are meant to refill the state’s unemployment trust fund, which was drained over the last year-and-a-half amid record-high joblessness and business closures stemming from the pandemic.
Gottheimer asks new NY gov to slow down congestion pricing
“New York City’s proposed congestion tax would endanger the economic recovery of the New York metropolitan region, add[ing] further expense to the already sky-high cost of commuting into New York City,” U.S. Rep. Josh Gottheimer wrote.
Murphy opting not to extend $300 weekly benefits
To continue to pay would cost the state hundreds of millions of dollars: $314 million a week, and up to $1 billion a month.
Murphy appoints deputy chief counsel, director of Governor’s Authorities Unit
Current Cabinet Secretary Noreen Giblin will provide oversight of the department and serve as the governor's representative to New Jersey’s various state agencies.
Gateway tunnel costs climb nearly 6% since last year
A plan submitted Aug. 27 to the Federal Transit Administration by the Gateway Development Corp., which is overseeing the construction, noted a $700 million year-over-year increase for the project, from $11.6 billion in 2020 to $12.3 billion now.
September surge?
One of the most intensely debated unemployment benefits - the $300 weekly bonus from the federal government - is set to expire soon, along with a handful of other benefits. Business owners and conservative lawmakers argue that the lapse in added money could alleviate labor shortages, especially in the restaurant industry.
Biden team blocks Trump-era rules, netting NJ hospitals $150M
“At a time when New Jersey’s hospitals, doctors and nurses are still on the frontlines of the COVID-19 pandemic, the injection of millions of dollars in annual federal funding into our hospitals will help them attract and retain the best talent as well continue to provide high-quality care for New Jerseyans,” U.S. Sen. Robert Menendez said.
