SNJDC COVID-19
MEMBER UPDATE

April 13, 2020
Emergency Assistance Loan Program
This morning NJEDA's Emergency Assistance Loan program went live and the $10 million loan program is already oversubscribed. All applications will be reviewed and a status report will go out to applicants.

The EDA received more than 34, 000 applications for their loan program and 225 have been approved with $130,000 having been disbursed to date. The CRDA added $2 million to the $5 million program designated to Atlantic County businesses. The EDA is still on the hunt for additional corporate contributions to fund this program.


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Unemployment Insurance
The NJ Department of Labor announced that those on UI will have an additional extension of 13 weeks of unemployment benefits. They are currently awaiting guidance. The application for independent contractors will be available this week once the federal mandated issues can be resolved to smooth out the process .

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Site Remediation and Waste Management Program
The NJ Department of Environmental Protection has extended the comment period for the proposed new rules, amendments, and repeals and have postponed the public hearing. The remediation standards apply to contaminated sites throughout the State.

The comment period for the proposal was originally scheduled to close on June 5 and is being extending until August 5, 2020.  The public hearing on the proposal was originally scheduled for May 11. The date and time of the hearing will depend on circumstances surrounding the COVID-19 public health emergency. 

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Southern NJ Development Council | (856) 228-7500 | snjdc.org