SNJDC COVID-19
MEMBER UPDATE

April 27, 2020
New Jersey's Roadmap to Recovery
Today, Governor Murphy announced a six-step process in his Road to Recovery plan. The stay-at-home Executive Order, which has been in effect since March 21st, will remain in effect in its entirety until further notice. The following six principles and key metrics will guide the process for lifting restrictions and restoring New Jersey’s economic health through public health:

  1. Demonstrate Sustained Reductions in New COVID-19 Cases and Hospitalizations.
  2. Expand Testing Capacity
  3. Implement Robust Contact Tracing
  4. Secure Safe Places and Resources for Isolation and Quarantine
  5. Execute a Responsible Economic Restart
  6. Ensure New Jersey’s Resiliency

The Governor emphasized that data and science will dictate actions and that a reopening will occur methodically, strategically, and responsibly.

Click here for more information.
Paycheck Protection Program
This morning, the U.S. Small Business Administration continued accepting applications for the Paycheck Protection Program, a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.

SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

Click here for more information.
Goldman Sachs, Pursuit to Provide $10 Million for
New Jersey Small Business Loans
On Friday, the NJEDA announced that Goldman Sachs, in partnership with Pursuit, a mission-driven lender formerly known as New York Business Development Corporation, has committed $10 million to loans for small businesses in New Jersey. The commitment is part of Goldman Sachs’s 10,000 Small Businesses initiative

The loans will be made through the U.S. Small Business Administration’s Paycheck Protection Program (PPP). They provide a new opportunity for small businesses and nonprofits that have been unable to submit a PPP application through another lending institution.

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The Chronicle
We’re soliciting sponsored content for our COVID19 Special Edition Chronicle Magazine to be delivered electronically to over 4,600 email addresses of business leaders and elected officials.

The theme is "How COVID19 is Impacting South Jersey" and we are offering SNJDC members an opportunity to provide sponsored content.

Click here for more information.
Southern NJ Development Council | (856) 228-7500 | snjdc.org