NJ Chamber of Commerce: Economic Recovery and Reopening Update 06.02.2021

New Jersey Chamber of Commerce
NJ Chamber
Economic Recovery & Reopening Update
June 2, 2021
Content Curated By Scott Goldstein
  • N.J. got $6 billion in pandemic relief. Check out the rules on how it can be spent and how it can’t.  
  • The window for Paycheck Protection Program loans has closed. See what N.J. businesses got.  

  • Take Action: America is facing an urgent workforce crisis. 
N.J. Got $6 Billion in Pandemic Relief. Here are the Rules on How it Can be Spent and How it Can’t.  
New Jersey has received more than $6 billion in federal COVID-19 relief funding, and there’s a long list of things the money can and cannot be spent on. Interim federal rules issued by the Treasury allow the funds to be used to provide support to households, small businesses, impacted industries and essential workers - among other areas. Providing hazard pay to essential workers; replacing revenue that was lost to the pandemic; and funding investments in infrastructure like water, sewer and broadband are among other specific allowable uses, according to the interim rules. Here are the details. (NJ Spotlight News)
Helping businesses get back on track, together.
The Window for Paycheck Protection Program Loans has Closed. See what N.J. Businesses Got.  
Lenders are no longer accepting applications for loans under the federal Paycheck Protection Program, which has made $800 billion in loans, much of it forgivable, to more than 8.5 million businesses nationwide, the U.S. Small Business Administration said. Existing applications will continue to be reviewed through the end of the month. PPP loans were designed to help small businesses pay their workers’ salaries as well as rent, mortgage interest and utility costs, as they weathered the pandemic. New Jersey small businesses received 310,666 PPP loans totaling $25.8 billion, according to SBA figures. Some businesses received more than one loan. (nj.com
Join the Call for Action: America is Facing an Urgent Workforce Crisis  
It's time for Congress to take serious action to help workers and employers close the skills gap, grow the workforce, and keep America’s economy strong. Join the call for action by clicking here. (U.S. Chamber of Commerce) 
Register for Today’s Webinar "Workforce: A Call to Action Summit" 
Join the U.S. Chamber today, June 2, at 3 p.m. for the virtual summit which will convene stakeholders in government and industry in conversation around workforce training as an important investment for both recovery and long-term economic needs. Register here. (U.S. Chamber of Commerce) 
Survival Secrets from Small-Business Owners  
Six women share the advice no one gave them when they were starting out. (New York)
The State is Setting Up Vaccine Clinics Hosted by Employers  
The state Health Department is pairing vaccine providers with employers to create on-site vaccine pop-up clinics. The Health Department is asking employers interested in hosting a clinic at no cost to take this survey. (The New Jersey Department of Health)
New Jersey Released an Employers Guide to the COVID-19 Vaccine 
The guide recommends actions employers can take to promote COVID-19 vaccines. The guide calls the vaccines "a key enabler of the new normal and New Jersey’s economic recovery from the pandemic." To read the guide, click here.  (The New Jersey Department of Health)
Were you forwarded this newsletter? For more information about the N.J. Chamber, email [email protected]
Business Resources
Federal Grants for Restaurants and Bars (U.S. Chamber of Commerce)
State & Federal Financial Assistance (U.S. Chamber of Commerce)
Pandemic Resources for Small Businesses (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: 23,549
Total Confirmed COVID-19 Cases Reported: 887,834
Fully Vaccinated People in N.J.: 4,235,201
You are welcome to share this newsletter via email, social media or on your organization's website. Please credit the New Jersey Chamber of Commerce with a link to http://njchamber.com.
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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New Jersey Chamber of Commerce | 216 West State Street, Trenton, NJ 08608