June 10, 2020
Senate Small Business Committee Dems Announce New PPP Legislation
Senators Ben Cardin, Chris Coons, and Jeanne Shaheen, all senior Democratic members of the Senate Committee on Small Business & Entrepreneurship, announced plans to introduce the Prioritized Paycheck Protection Program Act. The bill will authorize new lending to small businesses who have already expended an initial PPP loan, and who can demonstrate a revenue loss of at least 50 percent during the COVID-19 pandemic.
Additionally, the P4 Act would:
- provide eligible small businesses with as much as 250 percent of monthly payroll costs worth up to $2 million;
- prevent affiliated businesses with separate locations from receiving more than $2 million in aggregate P4 loans; and
- allow P4 recipients to apply for forgiveness of their loans 8 weeks after the loans have been disbursed.
The press release announcing the legislation can be read here.
Governor Andrew Cuomo Announces Upgrades As Part of $8 Billion Transformation of LaGuardia Airport
Celebrating the biggest milestone to date in LaGuardia Airport’s ongoing $8 billion transformation, Governor Andrew M. Cuomo today announced the opening of a brand-new, state-of-the-art Terminal B Arrivals and Departures Hall at the airport. Showcasing permanent public art installations curated by the Public Art Fund, the new Terminal B will open to the public on Saturday, June 13th and serve American Airlines, United Airlines, Southwest Airlines and Air Canada. The four story terminal will include local concessions, large, modern restrooms and a shopping district built to move passengers more safely with improved distancing during and after the COVID-19 pandemic.
At today's press conference, Governor Murphy layed out details of the state's contact tracing program, for additional information, click here.
Today, the NJ BPU introduced its "Energy Efficiency and Peak Demand Reduction” programs.
The Department of Environmental Protection (DEP) announced recycling grants that total $19.4 million.
NJ Transit: State Assembly Committee Advances Bill Requiring Notice of Alternative Options During Service Curtailment.
Advocates push lawmakers to pass a bill that would release some inmates as coronavirus continues to impact prisons.