Under the $25 million Angel Investor Tax Credit program, investors can sell tax credits for up to 20% of investments into certain start-ups, or 25% for investments in low-income communities, federal opportunity zones, or businesses owned by women or people of color.
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Government
Murphy to limit indoor, outdoor gatherings as NJ hits new record-high COVID cases (updated)
New Jersey shattered previous records held in April for total new positive cases of COVID-19, reporting 4,395 new cases on Saturday and another 4,540 cases on Sunday.
Read More »NJ wants to pay COVID-hit restaurants to make meals for the hungry (updated)
The New Jersey Economic Development Authority is rolling out the Sustain and Serve NJ Program; grants of up to $100,000 that would go toward nonprofit organizations to bulk purchase meals from local restaurants and provide them to low-income residents.
Read More »Towns, cities can close businesses early to control COVID surges, Murphy says
His announcement comes the same day that a 10 p.m. curfew goes into effect for indoor dining, as well as a total ban on bar seating, in a bid to slow the spread of the virus.
Read More »Cannabis legalization talks break down as lawmakers clash over taxes, fees
“There were so many amendments that came out of the hearing on Monday,” the bill's sponsor, Senator Nicholas Scutari, D-22nd District, said in a phone interview. “We’re making an analysis and quite frankly, wanted more time to review a 200-page bill.”
Read More »New dining restrictions take effect today as pandemic surges
The order prohibits sit-down indoor dining between 10 p.m. and 5 a.m., but outdoor dining, takeout and delivery can continue beyond these hours. Eateries were required to stop bar-seating as of 5 a.m. today, under the executive order.
Read More »NJ tops 3K new COVID cases for 3rd time in a week
As the numbers climb, Gov. Phil Murphy warned that more shutdowns could be forthcoming. Newark Mayor Ras Baraka this week enacted strict curfew and far-reaching shutdown orders for the three zip codes hardest hit by the virus.
Read More »NJ to provide another $60M to businesses hit by COVID-19 (updated)
Under this new announcement, those businesses could get the funding in the “next few weeks,” NJEA CEO Tim Sullivan said on Twitter, "with a significant focus on ensuring those dollars get where they’re needed most - restaurants, micro-businesses and minority and women-owned firms."
Read More »More than 100K New Jerseyans could still get federal jobless aid
Claimants who are eligible will be notified via email and text message on Nov. 11 and 12, according to the New Jersey Department of Labor and Workforce Development.
Read More »NJ COVID travel restrictions expanded to nearly entire country
Maine and New Hampshire were added to the list from which travelers are asked to self-quarantine for 14 days when arriving in the state.
Read More »NJ hits ‘devastating’ 6-month record high with 3,800 new COVID-19 cases
The state also reported 1,645 total hospitalizations, a level not seen since the start of June. “We are still in the midst of a pandemic. Wear a mask. Social distance. Stay safe,” Gov. Phil Murphy said via Twitter.
Read More »Newark to ‘shut down’ swaths of city as pandemic surges (updated)
Mayor Baraka said the restrictions were triggered in part by a citywide positivity rate of 19%, and the rates have soared closer to 35% in three zip codes in the East Ward and North Newark.
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