Details on Non-Essential NJ Business Closings
As the novel coronavirus continues to rapidly sicken New Jersey residents, Gov. Murphy today issued an executive order that shuts down all non-essential retail businesses in the state; orders residents to stay at home (again, with limited exceptions, such as to obtain food), and forbids even private gatherings or parties – all historically unprecedented moves aimed at hopefully slowing person-to-person transmission of the virus.
Did You Know?
Trump economic stimulus plan considering converting loans to grants. The small-business section, which Rubio led, offers loans to small businesses with under 500 employees. The $300 billion for the loans would be made available through lenders certified by the Small Business Administration, such as banks and credit unions, with the maximum loan capped at $10 million. The portion of the loan used by the small businesses to cover their payrolls could be forgiven if firms retain their employees through the end of June 30, 2020. Loans given to firms with tipped employees, such as bars and restaurants, could be forgiven if they are used to provide additional wages to their employees.
What to Do If You’re Laid Off Due to Coronavirus Closures. How do I apply for unemployment? What do I do if I can’t pay my rent or mortgage? What about utilities, taxes? Many in the tri-state are facing and fearing layoffs as the states impose closures of restaurants, theaters, gyms, schools and non-essential businesses to prevent the spread of coronavirus. If you’re one of those people laid off — or you’re worried you’re going to be laid off, or you are a small business feeling the strain of the virus – here is some basic advice from officials, legal experts and budgeting officials.