NJ Chamber of Commerce Economic Recovery & Reopening Update 06.01.2021

New Jersey Chamber of Commerce
 
NJ Chamber
Economic Recovery & Reopening Update
 
 
June 1, 2021
 
Content Curated By Scott Goldstein
 
INSIDE TODAY'S UPDATE
 
  • N.J. Chamber of Commerce president calls for the state to use federal relief money to set up a $2 billion fund to help struggling businesses. 
 
  • Gloomy start to the weekend doesn't dent business optimism at The Jersey Shore. 

  • As more people get vaccinated, the risks grow for those who don’t. 
 
N.J Chamber of Commerce President Calls for the State to Use Federal Relief Money to Set Up a $2 Billion Fund to Help Struggling Businesses 
N.J. Chamber of Commerce President Tom Bracken is proposing that New Jersey provide another $2 billion in funding for small businesses, using new federal relief funds. He also proposed a one-time return-to-work bonus payment to encourage unemployed workers to return to the workforce. (NJ Spotlight News) 
 
PESG
 
Helping businesses get back on track, together.
 
Gloomy Start to the Weekend Doesn't Dent Business Optimism at The Jersey Shore 
With most restrictions lifted, Shore towns expected crowds, but rainy weather dashed hopes of a banner weekend. Still, with summer rentals booming, hopes are high for a big summer. (NJ Spotlight News) 
 
As More People Get Vaccinated, the Risks Grow for Those Who Don’t  
By May 19, the infection rate among unvaccinated Americans was 69% higher than what was recorded for the public at large, and their death and hospitalization rates were also elevated, according to an analysis by The Washington Post. In New Jersey, that analysis showed unvaccinated residents were being infected at a rate at least double that of their immunized neighbors. (NJ Spotlight News) 
 
CDC: Fully Vaccinated Kids Don't Need to Wear Masks Indoors or Out  
Children who are not vaccinated are strongly encouraged to keep their masks on indoors and in crowded situations outside. Social distancing is also recommended for the unvaccinated. According to the state Department of Health, more than 93,000 vaccine doses have been given to kids between 12 and 15 years old. (NJ Spotlight News) 
 
New Jersey’s 7.5% Unemployment Rate is the Nation's 7th Highest. There are Several Reasons. 
The pandemic hurt New Jersey’s economy much more than other states and restrictions have lasted longer, so it will take longer and more effort for the state to recover, said James Hughes, economist and professor at Rutgers University. In the meantime, many parents have been forced to stay home due to lack of childcare as many schools in New Jersey were on a hybrid schedule, and other workers who have been reluctant to return due to their own health concerns and fears, Hughes added. (nj.com
 
The NJEDA is Now Accepting Tax Credit Applications from Residential Developers
The New Jersey Economic Development Authority today announced it is now accepting applications for the residential component of the Economic Redevelopment and Growth Program. Some $50 million in tax credits is available to support residential and mixed-use projects. The program, originally created to address project financing gaps in development projects, previously stopped accepting new applications in June 2019. The Authority in March announced the reopening of the program. For more information, click here. (N.J. Economic Development Authority)
 
TODAY AT 2 P.M., JUNE 1 EVENT: The Historical Perspective on Black Wall Street and its Relevance to Business Today.
Actor and humanitarian Danny Glover and business leaders discuss the legacy of the Black-owned businesses of Tulsa's Greenwood District and today’s Black-owned enterprises. For more information and to register, click here. (U.S. Chamber of Commerce) 
 
New Online Resource: The NJ Chamber Legislative Roster
 
An up-to-date, mobile friendly, single source for office and contact information for New Jersey’s Governor and every N.J. legislator 
 
Try it out here - NJCCGovGuide.com
 
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: 23,542
 
Total Confirmed COVID-19 Cases Reported: 887,699
 
Fully Vaccinated People in N.J.: 4,229,214
 
 
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