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Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) Executive Summary for Restaurants
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- Category: News
March 25, 2020
Paycheck Protection Program
How Does It Work?
- The plan provides $349 billion in cash flow assistance through 100% federally guaranteed loans to small businesses and 501(c)(3) nonprofit organizations during this emergency. To help bring workers who may have already been laid off, the program can be retroactive to February 15, 2020, so employees can return onto payrolls. The loan’s covered period is February 15 to June 30, 2020. The expected forgiveness amount can be expended on payroll costs, payments of interest on a mortgage obligation, rent obligations, and utility payments. The loan can pay for:
87% of Small Business Owners Say Their Business Is Hurting from the Coronavirus
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- Category: News
NEW YORK, NY - Around 87% of business owners say their businesses are hurting from the coronavirus, according to WalletHub’s new Coronavirus Small Business Survey, released today. This survey, which follows WalletHub’s report on State Economies Most Exposed to Coronavirus, shows some of the ways in which COVID-19 has impacted business owners’ livelihoods and opinions on topics such as reopening the economy.
Below are additional highlights of the report, along with a WalletHub Q&A.
Westminster Presbyterian Church To Offer Drive Through Palms & Psalms Sunday
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- Category: News
MIDDLETOWN, NJ - Because Palm Sunday is the beginning of Holy Week and one of the most cherished dates on the Christian calendar, Westminster Presbyterian Church has come up with a way to celebrate it during the pandemic.
Since public Worship is prohibited, WPC will be delivering palm crosses in sanitized packets to some of its elderly house-bound members on Sunday, April 5th. The delivery folks will be wearing Personal Protection Equipment (PPE) when dropping off the packets.
WPC will also be hosting a One Hour Drive-through Palms & Psalms event beginning at 11:00 am and ending at noon. The palm distribution will take place in Westminster’s driveway following the 10 am virtual Palm Sunday Worship Service.
Ospreys Have A Shocking Spring Migration
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- Category: Save Coastal Wildlife
Do you feel it? Even if it’s been a mild winter, spring is underway in the northern hemisphere. The first full day of spring, a season normally full of hope and renewal, arrived on Friday, March 20.
Spring peepers and wood frogs are calling for a mate, flowers are blooming, crows are nesting, songbirds are singing, and river herring are migrating from the Atlantic Ocean to warmer coastal waters. All life is beginning to stir, except of course for people. Across New Jersey and the rest of the country, many people have begun adjusting to a life of home-bound isolation, an effort to radically reduce human-to-human contact and slow the spread of the coronavirus.
Menendez, Booker: What’s in the $2T COVID-19 Emergency Stimulus for NJ
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- Category: News
NEWARK, N.J. – U.S. Senators Bob Menendez, a senior member of the Senate Finance Committee and one of the bipartisan bill negotiators, and Cory Booker, who was also involved in negotiations on the deal, detailed today how New Jersey will initially benefit from the $2 trillion stimulus package Congress passed to respond to the COVID-19 pandemic. Both senators voted in favor of the bipartisan deal and are committed to passing additional funding bills to address the ongoing health and economic crises.
“This package delivers an immediate shot in the arm for New Jersey’s hospitals and frontline healthcare workers, support for everyday New Jerseyans and small businesses to help weather the storm, and billions in aid to help our state and local communities deliver essential services and respond to the COVID-19 outbreak,” said Sen. Menendez. “To successfully combat the coronavirus, we need a seamless and coordinated federal, state and local response. I will continue to fight in Washington for the federal resources and guidance we need in New Jersey, and I am prepared to go back to Congress to deliver additional funding so long as the need persists.”
