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, 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.
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
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.”
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.”
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.
Wednesday, December 30, 2020
Coronavirus Update for New Jersey Businesses 12/30/2020
Tuesday, December 29, 2020
Consolidated Appropriation Act of 2021
Tuesday, December 22, 2020
Federal COVID-19 Relief Bill Passed
Monday, December 21, 2020
Federal Stimulus Package Update
Wednesday, December 2, 2020
Coronavirus Update for New Jersey Businesses 12/2/2020
Today's News for New Jersey Business:
They're back: New drive-thru COVID-19 test sites open in New Jersey as cases rise. First COVID-19 vaccine shots can be given within days of FDA approval. First doses should go to health workers and long-term care residents, CDC Panel says.
New Drive-Thru COVID-19 Test Sites in New Jersey Open Amid Rising Demand – With cases of COVID-19 increasing, public demand for testing is growing. To meet the need, counties are once again opening drive-thru testing sites, a déjà vu from this spring. (NJ Spotlight News)
Tuesday, December 1, 2020
Learn About the State News Impacting Your Business 12/1/2020
New Jersey Business Update
Stock Up on PPE With New Discounts
Sign up for the NJ Economic Development Authority’s PPE Access Program to receive discounts on PPE (Personal Protective Equipment) purchases made through partnering online retailers: Boxed, Staples, & Office Depot.
- All NJ Businesses are eligible for a 10% discount.
- Businesses and nonprofits with 100 or fewer employees can receive additional discounts up to 65%.
Apply for discounts by December 10, 2020, at covid19.nj.gov/ppeaccess.
Tuesday, December 1, 2020
Coronavirus Update for New Jersey Businesses 12/1/2020
Today's News for New Jersey Business:
Indoor sports ban applies to games and practices for youth, school and adult recreation. Some businesses resist Newark's 10-day lockdown. The stats are in: Travel was down on Thanksgiving 2020.
N.J.’s Indoor Sports Ban Applies to Games and Practices for Youth, School and Adult Recreation – All indoor organized sports at the youth, high school, and adult recreation levels – both games and practices – will be suspended for four weeks to battle the pandemic, Gov. Murphy announced Monday. It takes effect Saturday and lasts until Jan. 2. College and professional sports are not included. (nj.com)
The Fine Print – Here are the new rules on indoor sports and outdoor gatherings. Outdoor gatherings are now limited to 25 people, with exceptions for wedding ceremonies, funerals, memorial services and religious and political events. Athletes, coaches, referees and other individuals that are necessary for a professional or collegiate sports competition are not counted towards the 25-person limit.
Tuesday, December 1, 2020
Murphy Announces Additional $60M for Small Business Grants
Friday, November 6, 2020
N.J. Mandates COVID-19 Safety Rules for Workplaces
N.J. Mandates COVID-19 Safety Rules for Workplaces
Beginning November 5, employers that require or permit their workforce to be physically present at a worksite must abide by the following requirements, at a minimum, to protect employees, customers, and others who come into contact with its operations:
Monday, October 19, 2020
NJEDA Small Business Emergency Assistance Grant Program Phase 3
- Restaurants – 9:00 a.m. on Thursday, October 29, 2020
- Micro businesses – 9:00 a.m. on Friday, October 30, 2020
- All other businesses, excluding restaurants and micro businesses – 9:00 am on Monday, November 2, 2020
Tuesday, October 13, 2020
SBA and Treasury Announce Simpler PPP Forgiveness for Loans of $50,000 or Less
The U.S. Small Business Administration, in consultation with the Treasury Department, today released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars.
Friday, September 18, 2020
NJBIA Criticizes Decision to Raise Income Taxes
This tax increase in exchange for suggested middle class relief is a gimmick that further verifies what we have said all along – increased taxes were always completely unnecessary as part of the FY2021 budget that already includes billions in bonding.
We note that the relief tied to this tax increase is undermined by other non-budget hikes for tolls and gas and other proposed taxes in the budget. Our taxpayers need real tax reform that includes property tax relief, while this does not really improve our overall affordability crisis or remove us from the edge of our fiscal cliff.
Wednesday, September 2, 2020
Fix This Irresponsible Budget!
The proposed $40.1 billion budget Governor Murphy announced Tuesday morning simply does not reflect the stark reality of our times. And we need your help to convince the Legislature to fix it.
Instead of keeping expenses low for our taxpayers, Governor Murphy is raising taxes and making New Jersey businesses less competitive. Instead of holding the line on spending, Governor Murphy has proposed spending $1.4 billion more than the prior year, a 3.6% increase, and $5.4 billion (15.6%) more than the budget three years ago before he took office.
Monday, August 24, 2020
Action Alert - NJ Business Coalition Priorities for Congressional Delegation
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