Economic & Recovery News Release: 6/20/2022

 INSIDE TODAY'S UPDATE

 

 

 

The nation’s infants, toddlers and preschoolers are getting a chance at COVID-19 vaccination as the U.S. rolls out shots for for kids six months to five years old. Shipments arrived in some locations over the weekend and some opened up appointments for Monday. The FDA greenlighted the Moderna and Pfizer shots for tots on Friday and the CDC recommended them Saturday. (The Associated Press)

 

N.J. Chamber President Tom Bracken said the state's proposed ANCHOR property tax relief program is an aggressive move for residents of N.J., “but we have to have some aggressive moves for the business community because we need to create a more robust economy.” Bracken pointed out the ANCHOR program will cost $2 billion and “we need to have money to pay for these programs and the only way to create reliable, sustainable long-term income to pay for these programs is to have a robust business community.” (New Jersey 101.5)

 

N.J. businesses would be spared two tax hikes to replenish New Jersey's unemployment insurance fund, under a bill (A3683) passed unanimously by the Assembly. It would award corporate business tax and gross income tax credits to businesses to offset the tax hikes. After millions of jobless claims during the pandemic depleted the state’s unemployment fund that pays out claims, an automatic tax hike was triggered to replenish it. (NJ Monitor)

 

“Slavery is a scar on the history of America, (and that) acknowledgement puts us on a path to a better understanding of our history and working toward a more harmonious coexistence,” said John Harmon, president of the African American Chamber of Commerce of New Jersey. Harmon is embracing Juneteenth as a national holiday – one that he said needs to serve as a day that educates and inspires. (ROI-NJ)

 

MetLife Stadium, in East Rutherford, was one of the 11 venues in the U.S. selected Thursday to host games during the 2026 FIFA World Cup soccer tournament. And, in a boost to South Jersey, Philadelphia also was selected. Next, New Jersey will start stating its case to host the final. From food, culture, fans – and airport connections to anywhere on globe – area officials feel they have it all. (ROI-NJ)

 

Steve Politi, sports columnist with NJ Advance Media, discusses the successful World Cup bid, its potential impact on the region, and the key logistics to be worked out. (NJ Spotlight News)

 

President Joe Biden signed legislation Thursday meant to make shipping goods across oceans cheaper – a move the White House says will help lower retailer costs that have remained high since the start of the pandemic and helped fuel record inflation. It empowers the Federal Maritime Commission to investigate late fees charged by carriers while prohibiting ocean carriers and marine terminals from refusing to fill available cargo space. (The Associated Press)

 

Business and state government leaders filled the galleries and the outdoor mall of the New Jersey State Museum in Trenton on June 9 for the New Jersey Chamber of Commerce's 25th Annual Open House. See pictures here. (N.J. Chamber of Commerce)

 

Find out what you can do to manage the challenges of an inflationary economy with guest speaker Tom Sullivan of the U.S. Chamber of Commerce. For more information and to register for this free webinar on this new date, June 21, click here. If you have already registered for this webinar, you have been automatically re-registered for the new date and time. (N.J. Chamber of Commerce)

By signing your company's name to the N.J. Chamber's 'Supplier Diversity Collaborative,' you will strengthen the business community’s commitment to hiring a diverse group of suppliers and contractors. Expanding a commitment to working with New Jersey's minority-, women- and veteran-owned businesses is good for business on many levels. More information here. (N.J. Chamber of Commerce)

 

Just punch in your area code. You can even search for a specific vaccine. (vaccines.gov)

Reopening Playbook for Employers (U.S. Chamber of Commerce)

 

Vaccine Guide for Businesses (U.S. Chamber of Commerce)

 

Business Funding Opportunities Provided by the State (State of N.J.)

 

Guide to Starting a Business in N.J. (New Jersey Business Action Center)

 

Guide to Becoming a Government Contractor (State of N.J.)

 

Jobs and Hiring Portal Job Seekers | Employers (State of N.J.)

 

General Pandemic Information (State of N.J.)