MEDFORD, NJ – Gov. Phil Murphy as we speak signed into legislation S-3523, which supplies $25 million in federal COVID-19 aid help for small companies all through New Jersey. The invoice supplies a lifeline to microbusinesses with 5 or fewer staff. The invoice is a part of a five-bill, $100 million aid effort aimed toward serving to the state’s financial system get well from the year-long pandemic.
“Predominant Avenue companies have all the time been the spine of our financial system and sadly have been the toughest hit throughout the pandemic,” stated Murphy. “This invoice, together with others I’ll signal later this month, will assist 1000’s of companies maintain their doorways open as we climb out of the financial hardships wrought by COVID-19.”
“Small companies are the guts and soul of our communities. Whereas these companies have been hit the toughest by COVID-19, the resilience and ingenuity of enterprise homeowners and staff all through the pandemic has been inspiring,” stated Tim Sullivan CEO of the NJEDA. “This new invoice that can present extra assets for small companies as they start the exhausting work of recovering from the devastation of the pandemic.”