• directions

Legislation

New and revised legislations affect every type of OCNJ business. Stay current on the newest laws and regulations pertaining to OCNJ commerce with these legislation reports.

Monday, May 3, 2021

Governor Murphy Announces Additional Easing of Restrictions

With COVID-19 Numbers Trending Decisively in the Right Direction, Governor Murphy Announces Additional Easing of Restrictions
Changes Include Removal of All Percentage Capacity Limits for Indoor and Outdoor Businesses, Lifting of Prohibition on Indoor Bar Seating, and Removal of Outdoor Gathering Limit
Changes Effective in Two Phases – On Friday, May 7 and Wednesday, May 19 

Today, Governor Murphy will sign an executive order that makes the following changes effective Friday, May 7 (some of which were previously scheduled to take effect on Monday, May 10):

Read more...

Wednesday, April 14, 2021

NJEDA Small Business Emergency Assistance Grant - Phase 4

Grants up to $20,000 are available for small- and medium-sized businesses and nonprofits that have been negatively impacted by the COVID-19 pandemic. If you are interested in these grants, you will need to pre-register between Monday, April 19th at 9:00 a.m. and Thursday, April 29th at 5:00 p.m. If you do not pre-register, you will not be eligible for these grants.
The New Jersey Economic Development Authority announced Wednesday it will begin accepting applications in May for a number of the recently announced programs that are aimed at providing $85 million in grants to various types of small businesses.
The programs include $25 million for microbusinesses (5 or fewer employees), $15 million for small businesses (6 to 50 employees), $10 million for child care centers and $35 million for eating/drinking establishments. More information is available here.
Read more...

Monday, April 5, 2021

Restaurant Revitalization Act - Important Info

$28.6 Billion in Relief for Restaurant Industry
American Rescue Plan Act of 2021 (“ARPA”)—Restaurant Revitalization Act (“RRA”) Summary
KEY Points
•   A good deal of money is obtainable!
•   Grants are non-taxable!
•   All of your independent restaurants/beverage establishments will surely qualify!
•   The ARPA provides $28.6 billion in grants designed to support the recovery of small and medium-sized food and beverage businesses. The grants will be awarded by the SBA (the federal Small Business Authority), and individual businesses are eligible to receive up to $5 million in grants, while businesses with up to 20 locations are eligible for a maximum of $10 million.
Read more...

Tuesday, March 23, 2021

Restaurant Revitalization Fund

This year we’ve had wins big and small for New Jersey restaurants. The Restaurant Revitalization Fund based @WeRRestaurant’s Blueprint for Recovery is the most important. Find out if your restaurant is eligible here: http://bit.ly/UnderstandingRRF

Read more...

Thursday, March 18, 2021

Summer Work Exchange Programs Vital For Seasonal Tourism’s Recovery

Summer work exchange programs vital for seasonal tourism’s recovery, by Cape chambers of commerce

Many of the businesses in Cape May County depend on the Summer Work Travel (SWT) exchange programs and could not operate without them. We live in an area with a high percentage of seasonal businesses and the available American workforce in the area is not sufficient to provide all of the local businesses with the staff that they need during the busiest times. The SWT program helps the businesses in the community keep their doors open and serve more Americans during the peak tourist season.

As we come out of the pandemic and are given the thumbs up to increasingly open up our economies, we need to ensure that local businesses can operate to the capacity they are allowed in order to maximize the limited summer season. If Cape May County is going to be able to rebound, it will require businesses maintaining their full- time, year-round and seasonal employees. The Summer Work Travel programs help businesses supplement and diversify their workforce with a small, but critical, addition.

Read more...

Wednesday, March 10, 2021

Restaurants, gyms, personal services to go to 50% capacity on March 19

Gov. Phil Murphy announced Wednesday that restaurants, gyms/fitness centers, personal care services (hair and nail services) and recreational and amusement facilities will be allowed to operate at 50% capacity, beginning March 19.

Murphy issued a number of new capacity rulings at his COVID-19 briefing.

The governor said that the number of people at an indoor gathering could increase from 10 to 25 and that the number of people at an outdoor gathering could increase from 25 to 50. These gatherings exclude religious ceremonies, political events, weddings, funerals and memorial services, which can be held in greater numbers.

Read more...

Thursday, March 4, 2021

Coronavirus Update for New Jersey Businesses 3/4/21

Today's News for New Jersey Business:

New rules for self-employed and sole proprietors applying for Paycheck Protection loans. Restrictions are loosened for weddings and summer camps.

Read more...

Wednesday, February 3, 2021

Gov. Murphy Will Relax Restrictions On Restaurants Starting Friday

Today's News for New Jersey Business: Gov. Murphy said he will relax restrictions on restaurants starting Friday. Limits on many public gatherings will also be relaxed, including in gyms and entertainment venues. Paycheck Protection Program loans keep flowing.

Read more...

Friday, January 15, 2021

SBA Re-Opening Paycheck Protection Program to All Eligible Lenders

The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15 at 9 a.m. EST. The portal will fully open on Tuesday, January 19 to all participating PPP lenders to submit First and Second Draw loan applications to SBA.

Earlier in the week, SBA granted dedicated PPP access to Community Financial Institutions (CFIs) which include Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), and Microloan Intermediaries as part of the agency’s ongoing efforts to reach underserved and minority small businesses.

Read more...

Wednesday, January 13, 2021

Action Requested - Help Our Restaurants

Dear Chamber Members,
Please help our restaurants by emailing Governor Murphy through the link below encouraging him to sign legislation to allow restaurants to continue outdoor dining.
The NJ Restaurant and Hospitality Association has been working on this bill with the sponsors and the Governor’s office since last Monday when the governor vetoed the original bill.
Read more...

Monday, January 11, 2021

PPP Available This Week

The PPP for first time applicants opens today, and the 2nd draw loan program starts on Wednesday. For more information, please see the below press release that came out on Friday, as well as these summary documents:

Top-line Overview of First Draw PPP (1.8.2021)-508

Top-line Overview of Second Draw PPP (1.8.2021)-508

The SBA website has also been update, so you can view all things PPP by visiting www.sba.gov/ppp.

Read more...

Monday, January 11, 2021

Legislation Signed to Reduce Unemployment Insurance Payroll Tax

Legislation Signed to Reduce Unemployment Insurance Payroll Tax

New legislation will reduce the amount of an employer’s unemployment taxes through Fiscal Year 2023 in an effort to continue supporting small businesses impacted by the COVID-19 pandemic.

Learn More

Read more...

Monday, January 11, 2021

Minimum Wage to Rise to $12/Hour for Most Employees Goes into Effect

Minimum Wage to Rise to $12/Hour for Most Employees Goes into Effect

The New Jersey minimum hourly wage increase announced in September 2020 went into effect on January 1, 2021. The change brings the minimum wage for most employees up from $11 to $12, from $10.30 to $11.10 for seasonal and small business employees, and from $10.30 to $10.44 for agricultural employees. The Department of Labor & Workforce Development outlines the changes in this chart.

Read More

Read more...

Friday, January 8, 2021

Economic Recovery Act: 6-year, $14B package of programs

Murphy signs Economic Recovery Act: Here’s breakdown of 6-year, $14B package of programs

By Tom Bergeron, ROI-NJ

Governor trumpets return of incentives, saying they will provide relief for small businesses while fundamentally changing economic development

Gov. Phil Murphy signed into law Thursday morning the New Jersey Economic Recovery Act of 2020, a six-year, $14 billion package of incentive programs that he feels will provide economic support for small businesses, while propelling the state’s economic recovery and growth for much of the next decade.

“These programs are the product of nearly three years of hard work, during which we received input from hundreds of voices on how best to structure our state’s recovery and growth,” Murphy said. “I am immensely proud of the result, which will not only provide much-needed relief for our small businesses, but will also fundamentally change economic development in our state while creating thousands of high-paying jobs for our residents.”

Read more...

Friday, January 8, 2021

Governor Murphy Signs Historic Economic Recovery Legislation

Governor Murphy Signs Historic Economic Recovery Legislation NJ.gov

Bill Will Provide Aid to Small Businesses and Usher in New Era of Economic Development

TRENTON – Governor Phil Murphy today signed into law the landmark New Jersey Economic Recovery Act of 2020, which will provide economic support for small businesses, while propelling New Jersey’s economic recovery and growth for much of the next decade.

“These programs are the product of nearly three years of hard work, during which we received input from hundreds of voices on how best to structure our state’s recovery and growth,” said Governor Phil Murphy. “I am immensely proud of the result, which will not only provide much needed relief for our small businesses, but will also fundamentally change economic development in our state while creating thousands of high-paying job for our residents.”

Read more here

Read more...

Wednesday, January 6, 2021

Help Support New Jersey Restaurants

The NJ Economic Development Authority recently announced It will provide grants of $100,000 or more to organizations so they can support restaurants impacted by the COVID-19 pandemic. 

The program is open to organizations legally registered to do business in New Jersey and have a track record or capability to purchase bulk meals from New Jersey restaurants 

Learn more and start your application at https://business.nj.gov/covid/eligibility-for-sustain-and-serve.

Read more...

Wednesday, December 30, 2020

Coronavirus Update for New Jersey Businesses 12/30/2020

Today's News:
Be prepared to apply – more forgivable business loans are coming from the feds. State minimum wage will automatically increase by $1 on Jan. 1. Christmas air travel broke pandemic records. 
Be Prepared. More Forgivable Loans Under the Federal Paycheck Protection Program are Coming – The New Jersey Chamber of Commerce has been receiving questions about the new federal COVID-19 relief legislation, specifically about changes to the PPP forgivable loans. The PPP program will resume soon thanks to new funding from the relief legislation. We were informed by the N.J. district director of the Small Business Administration (SBA) that it could take up to 10 days before the new application forms for PPP loans are ready. We suggest that any organization interested in applying begin discussions with their bank now so they can be ready to fill out the application as soon as it is available.  
State Minimum Wage to Automatically Increase by $1 on Jan. 1 – When the calendar flips over to 2021, New Jersey's minimum wage will increase by $1, to $12 per hour, as part of a law signed in early 2019 that calls for yearly increases leading up to an eventual minimum wage of $15. “We realize that there are a lot of people out there who are going through some difficult times, a $1 increase will help them dramatically,” said Tom Bracken, president of the N.J. Chamber of Commerce. “But at the same time, businesses are suffering dramatically and they're going to incur an increased expense.” (NJ 101.5) 
Read more...

Tuesday, December 29, 2020

Consolidated Appropriation Act of 2021

Dear Chamber Members,
We have been receiving questions about the COVID Relief legislation that was recently signed into law, specifically about the changes to PPP. We were just informed by the NJ District Director of the Small Business Administration (SBA) that it could take up to 10 days before new application forms for PPP are ready. In the interim, we suggest that any organization interested in applying begin discussions with their bank now so they can be ready to fill out the application as soon as it is available.
Consolidated Appropriation Act of 2021
The Consolidated Appropriation Act of 2021 was signed by the President December 27, 2020, containing the most recent COVID-19 relief provisions as well as many tax provisions.
Following is a summary of the individual and business tax provisions included in the proposed Act.
Read more...

Tuesday, December 22, 2020

Federal COVID-19 Relief Bill Passed

Federal COVID-19 Relief Bill Passed
The U.S. Senate and House of Representatives overwhelmingly passed a $900 billion COVID-19 relief bill Monday night that provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment benefits, and provides more than $300 billion in aid for small businesses. The bill now awaits action by President Donald Trump to become law.
 
Below is a quick look at the federal stimulus package for businesses. A special thank you to the New Jersey Business Action Center for providing the following analysis:
Read more...

Monday, December 21, 2020

Federal Stimulus Package Update

Federal Stimulus Package Update
You may have heard or read over the weekend that Congressional leaders have reached an agreement on a $900 billion coronavirus relief bill. While the legislation has not been passed or signed into law yet, here are some highlights:
·        Stimulus Checks: A second round of direct payments up to $600 per adult and per child.
·        PPP Extension: Additional $284 billion, and allows for a second loan.
·        Small Businesses: $20 billion for businesses in low-income communities and $15 billion for struggling live venues, movie theaters and museums.
·        Tax Breaks: Allows businesses to deduct expenses associated with their forgiven PPP loans, in addition to expanding the employee retention credit intended to prevent layoffs. Increases the Earned Income Tax Credit and extends a payroll tax subsidy for employers offering workers paid sick leave.
Read more...

Page 1 of 8