The New Jersey Business Action Center The New Jersey Business Action Center team of experts works with businesses one-on-one to find solutions to the daily issues and concerns they face. Call 1-800-JERSEY-7 and connect with a Business Advocate who can work with you. Business.nj.gov - new business website As businesses focus on reopening and finding new, better ways to operate, our team can connect you with the right government agencies and facilitate and coordinate meetings with government officials to guide you through the process. We stay up-to-date on state laws and guidelines so we can support businesses of all sizes with everything from permitting and site selection to exporting and compliance with state regulations.
The New Jersey Business Action Center The New Jersey Business Action Center https://www.nj.gov/state/bac/ Business Helpline: 1-800-JERSEY-7 business.nj.gov Covid Business Website cv.business.nj.gov Melanie Willoughby, Executive Director Melanie.Willoughby@sos.nj.gov
The New Jersey Business Action Center
The New Jersey Business Action Center
The New Jersey Business Action Center ONE JERSEY ONE JERSEY Our pledge to you as an employer Nuestro compromiso con usted como empleador We will: Nos comprometemos a: Provide appropriate PPE for your job Proporcionarle EPP adecuado para su Provide sanitization materials, training, trabajo and time to practice safe hygiene as Proporcionar materiales de desinfección, recommended by CDC. capacitación y tiempo para practicar una higiene segura según lo recomendado Support contact tracing efforts, while por el CDC respecting your privacy Apoyar esfuerzos de rastreo de Require that you and/or any of your contactos, respetando su privacidad colleagues with COVID-19 symptoms Requerir que usted y/o cualquiera de sus stay home colegas con síntomas de COVID-19 se quede en casa Su compromiso como Your pledge as an employee empleado For more information: Para más información: covid19.nj.gov covid19.nj.gov I will: Yo me comprometo a: Know your rights in NJ: Conozca sus derechos Follow hygiene guidelines, including Seguir las pautas de higiene, incluido nj.gov/labor en NJ: nj.gov/labor regular hand-washing el lavado regular de manos Utilizar una mascarilla en todo Wear face coverings at all times and momento y guantes para ciertas gloves for certain activities actividades Participate in staff health screening on Participar en el tamizaje de salud del arrival personal a mi llegada Limpiar las áreas de alto contacto con Clean high-touch areas frequently frecuencia
The New Jersey Business Action Center The New Jersey Business Action Center https://www.nj.gov/labor/
PAYCHECK PROTECTION PROGRAM www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection- program The PPP is now accepting applications until August 8, 2020. • You can apply through any existing SBA 7(a) lender or through a federally • insured credit union that is participating. The loan will be fully forgiven if the funds are used for payroll costs, • interest on mortgages, rent and utilities. At least 60% of the forgiven amount must have been used for payroll. Forgiveness will be reduced if full-time headcount declines, or if salaries • and wages decrease. Sole proprietors, independent contractors and self-employed persons can • apply.
The New Jersey Business Action Center State & Federal Resources To Assist Businesses With Operational Challenges Reopening And In Recovery New Jersey Economic Development Authority NJEDA.COM 609-858-6767 Small Business Emergency Assistance Grant Program Small Business Emergency Assistance Grant Program has closed. Businesses can now check the status of their loan at: https://www.cognitoforms.com/NJEDA/grantapplicationstatus/. Small Business Emergency Assistance Loan Program – A $10 million program that will provide working capital loans of up to $100,000 to businesses with less than $5 million in revenues. Loans made through the program will have ten-year terms with zero percent for the first five years, then resetting to the EDA’s prevailing floor rate (capped at 3.00%) for the remaining five years. To apply: https://www.njeda.com/pdfs/NJEDA_COVID- 19_Loan_App_Walkthrough/. In addition, you can check the status of your loan here: https://forms.business.nj.gov/loan-status/.
The New Jersey Business Action Center State & Federal Resources To Assist Businesses With Operational Challenges Reopening And In Recovery New Jersey Economic Development Authority NJ Entrepreneur Support Program – A $5 million program that will encourage continued capital flows to new companies, often in the innovation economy, and temporarily support a shaky market by providing 80 percent loan guarantees for working capital loans to entrepreneurs. https://application.njeda.com/NJESP_Login.aspx. Small Business Emergency Assistance Guarantee Program – A $10 million program that will provide 50 percent guarantees on working capital loans and waive fees on loans made through institutions participating in the NJEDA’s existing Premier Lender or Premier CDFI programs.
The New Jersey Business Action Center State & Federal Resources To Assist Businesses With Operational Challenges Reopening And In Recovery New Jersey Economic Development Authority Micro Business Loan Program – makes financing of up to $50,000 available to businesses with annual revenues in the most current fiscal year of no greater than $1,500,000, and 10 full-time employees or less at time of application. Financing can be used for inventory, the purchase of equipment, or working capital. Ten percent of the approved loan amount may be forgiven if the business is still open and in operation 12 months from the date of loan closing. The application will be ready the end of July. Check the cv.business.nj.gov website
The New Jersey Business Action Center State & Federal Resources To Assist Businesses With Operational Challenges Reopening And In Recovery New Jersey Economic Development Authority Community Development Finance Institution (CDFI) Emergency Loan Loss Reserve Fund – NJEDA has partnered with the following CDFIs to provide low cost financing. Businesses and non-profits seeking financing should contact the CDIFs directly: NJ Community Capital www.newjerseycommunitycapital.org/ • UCEDC www.ucedc.com • Regional Business Assistance Corp. www.rbacloan.com • Greater Newark Enterprise Corp www.gnecorp.org • First Bergen Federal Credit Union www.1stbergen.com • Cooperative Business Assistance Corp (CBAC) www.cbaclenders.com •
The New Jersey Business Action Center State & Federal Resources To Assist Businesses With Operational Challenges Reopening And In Recovery New Jersey Economic Development Authority Premier Lenders - The NJEDA partners with participating financial institutions to provide access to capital to businesses throughout New Jersey. Please note that the information listed should be used as a reference tool only. Contact the NJEDA at 609-858-6767 for more information or to verify your bank’s status. BB&T Lakeland Bank Sterling National Bank Bank of America M&T Bank TD Bank Columbia Bank Newfield National Bank The Bank of Princeton ConnectOne Bank OceanFirst Bank Provident Bank Cross River Bank Peapack-Gladstone Bank TriState Capital Bank Fulton Bank, NA PNC Valley National Bank Investors Bank Republic Bank Wells Fargo JPMorgan Chase Santander Bank
The New Jersey Business Action Center State & Federal Resources To Assist Businesses With Operational Challenges Reopening And In Recovery Businesses & organizations have challenges in reopening & recovery: Complying with state and federal guidelines to maintain a safe and healthy environment for my employees and customers. Complying with state and federal employee laws and regulations arising from COVID-19. Reviewing &updating employee handbook in consideration of implications due to COVID-19. Determining status of previous vendors and suppliers and identifying new ones if needed. Identifying availability of financial resources with technical assistance to apply. Have Questions? Call Our Business Helpline 1-800-JERSEY-7
The New Jersey Business Action Center State & Federal Resources To Assist Businesses With Operational Challenges Reopening And In Recovery Businesses & organizations encouraged to review & address the following areas: Health – Addressing and improving physical and mental health due to the coronavirus is important. From employees to vendors to customers, everyone has been impacted. The firm’s response to questions about health maintenance will assist everyone’s return. N J Mental Health Cares Helpline For emotional support dealing with stress, anxiety and depression due to COVID-19, speak with a behavioral care specialist at 866-202-HELP (4357) daily from 8am-8pm. You can also text NJHOPE to 51684.
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