COVID-19 Update: NYC & NJ
April 3rd, 2020
Department of Community Affairs: DCA is working on programs to address renter relief. Currently Governor Murphy does not have a plan to address commercial and/or residential rent relief beyond mortgage relief.
Department of Labor: DOL successfully processed 33,000 UIB claims yesterday.
Department of Health (DOH): Regarding medical transportation, DOH does not currently have protocols that supersede a patient’s request, but would consider mandates if additional travel restrictions were implemented. DOH is funding clinical studies regarding the use and effectiveness of chloroquine and hydroxychloroquine. DOH is using New York City modeling to help with healthcare projections and as a results, is making contingency plans to transform field hospitals into Covid-19 capable hospitals if necessary.
Economic Development Authority: EDA CEO Tim Sullivan participated in the press conference and gave details on EDA's initiatives to help the small business sector.
As of last week 73% of small businesses have reported economic hardship and 50% of small businesses have had to consider or execute layoffs. The EDA has announced a $40 million direct grant package, which is expected to leverage between $70 million and $100 million for small businesses. This will be the first of several initiatives by the EDA. Following the grant program, a loan program, and a program supporting the banking sector will be available for NJ businesses.
Additional information about the Grant program including eligibility and application can be found here. Within an hour of the program window opening this morning, the EDA received over 10,000 applications.
A zero-interest loan program will be available to small and mid-size businesses and offers $10 million dollars in loans with up to $100,000 per lender. The application will be available Monday April 6th, and can be submitted starting Monday, April 13th.
Business owners from communities of color, businesses owned by veterans, and new business will also be eligible for help in navigating SBA programs.
Additionally, the EDA is managing the state's portion of the $350 billion federally-funded Paycheck Protection Program (PPP), as well as the Economic Injury Disaster Program that NJ is now eligible for due to its Major Disaster Declaration designation. For more information, please visit https://www.njeda.com/.
Executive Action from Governor Phil Murphy
Governor Murphy has signed Executive Order 114 to fly all NJ flags at half staff until the end of the state of emergency.
Governor Murphy is considering staffing for his skunkworks team, a group that will focus on a plan for reopening NJ’s economic activity after the Covid-19 crisis.
After the Democratic National Committee pushed back their Presidential Convention to August, the Governor plans to postpone the date of the NJ Primary, currently scheduled for June 2, 2020.
New York City
The NYC Department of Small Business Services Employee Retention Grant program is no longer accepting applications after 5 p.m. this evening. New York City Council Speaker Corey Johnson stated Thursday evening that the Council had called on SBS to allocate additional funding to the grant program and to extend the deadline.