Economic Recovery & Reopening Update: 11/12/2021

NJ Chamber
Economic Recovery & Reopening Update
November 12, 2021
Content Curated By Scott Goldstein
  • COVID-19 hot spots offer sign of what could be ahead for northeastern states this winter.
  • New Jersey shoppers are coping with inflation, soaring prices.
  • Should rates for telehealth be the same as rates for in-person doctor visits?
Breaking News: J&J Plans to Split its Company Into Two by Spinning Off its Consumer Health Business
Johnson & Johnson announced plans to spin off its consumer health business into a new, publicly traded company, resulting in a pair of global firms. New Brunswick-based J&J would retain the pharma and medical device units. The new, yet-to-be-named consumer health company would include brands such as Neutrogena, Tylenol and Band-Aid. The spin-off is expected to take up to two years to complete and requires approval by its board of directors. (ROI-NJ)
Affordable Energy for New Jersey
COVID-19 Hot Spots Offer Sign of What Could be Ahead for U.S.
The delta variant is driving up COVID-19 hospitalizations in the Mountain West and fueling outbreaks in the North, a worrisome sign of what could be ahead this winter in the U.S. as people head indoors, close their windows and breathe stagnant air. While trends are improving in Florida, Texas and other Southern states that bore the worst of the summer surge, it’s clear that delta isn’t done with the U.S. (The Associated Press)
New Jersey Shoppers are Coping with Inflation, Soaring Prices
Nationally, the price of gas has gone up by $1.23 over the past 12 months. A dozen eggs cost 41 cents more, a gallon of milk is up 28 cents and people are paying $1.65 more for a pound of beef. (NJ Spotlight News)
Should Rates for Telehealth be the Same as Rates for In-Person Doctor Visits, Gov. Murphy Asks
Telehealth has provided a medical lifeline for millions during the pandemic in New Jersey and nationwide. Now, how much should they cost? Should rates for telehealth appointments be the same as rates for in-person visits? Murphy wants reimbursement parity to remain in place through the end of 2023, while the state Health Department studies the matter and recommends a permanent solution for valuing these services. (NJ Spotlight News)
Rutgers Researchers Study 'Brain Fog' Among COVID-19 Patients
Lots of patients "start to notice their thinking become sluggish," sometimes severely interfering with work or daily activities, said Dr. William Hu, chief of the division of cognitive neurology at Rutgers Robert Wood Johnson Medical School. (NJ Spotlight News)
Diversity Gala Preaches Call to Action: 'Do We Have the Will' to Change the State?
The first-ever statewide Champions of Diversity Gala presented by the New Jersey Chamber of Commerce and the African American Chamber of Commerce of New Jersey (AACCNJ) brought a crowd of 300 people to The Pines Manor in Edison last night – double the number expected. "When I look out at this audience tonight, I see New Jersey," said John Harmon, CEO of the AACCNJ. "This is our state. And the more we gather like this, the more we engage each other, the more we’ll find that we have a lot in common." (ROI-NJ)
Withum CEO Bill Hagaman Endows a New Scholarship for First-Generation Students at Stockton University
Withum CEO Bill Hagaman was once a first-generation student at Stockton who was unable to pay tuition - if not for the help of a professor, which gave him a feeling of gratitude that never left him. Hagaman, who recently received the inaugural Outstanding Alumni Award from the Stockton University School of Business, announced his commitment to fund a new first-generation student scholarship in perpetuity. (ROI-NJ)
The N.J. Chamber's Walk to Washington Next Year is Cancelled — to be Recast as 'ReNew Jersey Business Summit' in Atlantic City
The New Jersey Chamber of Commerce announced that its Walk to Washington networking train trip will be recast as the ReNew Jersey Business Summit, to be held April 13-14 at Borgata in Atlantic City, due to lingering concerns about COVID-19. The announcement marks the second consecutive year that the Walk to Washington, the state’s largest business networking event, has been canceled due to the pandemic. Chamber officials said they intend to resume the annual train trip in 2023. (ROI-NJ)
Looking to Get Vaccinated? Here's an Easy Way to Find COVID-19 Vaccines Near You.
Just punch in your area code. You can even search for a specific vaccine. (
Were you forwarded this newsletter? For more information about the N.J. Chamber, email [email protected]
Business Resources
State & Federal Financial Assistance (U.S. Chamber of Commerce)
Reopening Playbook for Employers (U.S. Chamber of Commerce)
Vaccine Guide for Businesses (U.S. Chamber of Commerce)
Jobs and Hiring Portal Job Seekers | Employers (State of N.J.)
Guide to Starting a Business in N.J. (New Jersey Business Action Center)
The Best Tool for Your Business - Membership in the N.J. Chamber
The N.J. Chamber provides members with guest speakers, webinars, networking opportunities and discount programs that help businesses grow. The N.J. Chamber also advocates for pro-growth and pro-business legislation.
N.J. Coronavirus Cases
Total Confirmed Deaths Reported: 25,334
Total Confirmed COVID-19 Cases Reported: 1,055,659
Fully Vaccinated People in N.J.: 6,110,173
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The New Jersey Chamber of Commerce is staying on top of pandemic and economic recovery developments. For news media requests, please email Scott Goldstein.
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