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)