Step 1 in N.J.’s Post-Pandemic Recovery: Invest in a Business Community that was Ravaged by COVID-19
"New Jersey’s business community was ravaged by the COVID-19 lockdown," wrote N.J. Chamber of Commerce President Tom Bracken. "Most businesses are still dealing with the fallout, despite federal aid and $850 million in state grants. New Jersey leaders need to look again at every way possible to help businesses."
Read the full op-ed. (ROI-NJ)
They Got Battered by COVID-19. At Least Protect Small Businesses from Tax Hikes. (Editorial in nj.com)
An automatic tax hike is about to hit New Jersey businesses just as most economists are predicting a downturn, and inflation recently rose to a 40-year-high of 8.6%. A bill sponsored by Assembly Majority Leader Lou Greenwald and other Democrats proposes tax credits to small and mid-size companies to offset any tax hikes so the state can replenish its unemployment insurance fund without forcing employers to take the hit.
Read full editorial. (
nj.com)
Hot Inflation Dims Likelihood Fed Can Achieve a ‘Soft Landing’
Should You Force Employees to Take Paid Time Off?
Companies can enforce mandatory PTO in a few ways. They can require each employee to take off a certain amount of time consecutively each year. This could be one week, five days off intermittently, or one day off per month. Businesses can also set deadlines for employees to use their PTO. This can be on a monthly, quarterly, seasonal, or annual basis.
The pro and cons of mandatory time off. (U.S. Chamber of Commerce)
FDA: The Pfizer COVID-19 Vaccine Shot Appears Effective for Kids Under 5
The FDA posted its analysis of the shot ahead of a Wednesday meeting where outside experts will vote on
whether the shots are ready for 18 million babies, toddlers and preschoolers. If regulators clear the shots by one or both companies, vaccinations could begin as soon as next week with the drugmakers ready to rapidly ship doses ordered by the government. (The Associated Press)
N.J. Subcontracting Opportunities
Meet the Prime Contractors of the New Jersey Wind Port Project
N.J. Chamber's Diversity, Equity and Inclusion Webinar Series
June 15: Strategies to Support a Diverse Workforce
This conversation will offer recommendations to help build a talent pipeline, expand diversity and retain employees in a competitive market. For more information and to register for this free webinar on June 15,
click here. (N.J. Chamber of Commerce)
