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Gottheimer Announces Emergency Resources to Help North Jersey Small Businesses During Coronavirus Outbreak
North Jersey businesses can now apply for SBA resources to help pay employees
On Thursday, March 19, 2020, U.S. Congressman Josh Gottheimer (NJ-5) announced that the U.S. Small Business Administration (SBA) has named New Jersey a declared disaster state in response to the novel coronavirus (COVID-19) outbreak.
“Small businesses are truly the bedrock of our North Jersey community. They’re our job creators. Throughout this public health crisis, I’ve been talking with small business owners in North Jersey who are concerned about being able to keep their doors open and pay their workers at a time where consumer demand is unpredictable,” said Congressman Josh Gottheimer (NJ-5). “These SBA resources are a critical first step, and I am going to continue fighting to help local businesses throughout the Fifth District remain operational and able to pay their employees during this outbreak.”
Earlier this week, Gottheimer, along with Congressman Rodney Davis (IL-13), led a bipartisan group of 14 Members of Congress to call on congressional leadership, as they explore further economic stimulus legislation, to consider extending Unemployment Insurance for gig and freelance workers, raising the U.S. Small Business Administration’s (SBA) maximum loan amount, allowing the SBA to provide direct loans, and extending the payroll tax credit to businesses beyond the 500-employee limit.
New Jersey has more than 860,000 small businesses, which makes up 99.6% of all businesses in the state. 1.8 million people in New Jersey are small business employees, making up 49.6% of all employees within the state.
More information on the SBA’s disaster assistance loan program can be found on their website HERE.