On June 15, 2020, the SBA announced that the Main Street Lending Program portal is now open. The Main Street Program provides additional funding to small and mid-size businesses, and Not-for-Profit Organizations, with relaxed regulations, as part of the CARES Act. On July 17th, the Federal Reserve Board has approved two new loan options, which Read More…
Congratulations to BKC employee, Maya Sleczka, HCRHS Class of 2020 graduate. Maya will be attending Rider University in the fall and has a bright future ahead. A kind post from @JeffMooreEdD, Jeffrey Moore, Ed.D, Superintendent of Hunterdon Central Regional High School, as we recognize the graduating class of 2020.
On June 15, 2020, the SBA announced that the Main Street Lending Program portal is now open. The Main Street Program provides additional funding to small and mid-size businesses, with relaxed regulations, as part of the CARES Act. The Main Street New Loan Facility (MSNLF) offers eligible borrowers the ability to secure loans ranging from Read More…
On June 9, 2020, the NJEDA began accepting applications for Phase 2 of the Emergency Assistance Grants. The grants are available for businesses with 25 or less employees. The NJEA has $45 million dollars available to distribute, as part of the federal CARES Act. The grant will be in the amount of $1,000 per full-time Read More…
On Friday June 5, 2020, the President signed H.R. 7010, cited as the “Paycheck Protection Program Flexibility Act of 2020” into law. The Paycheck Protection Program (PPP) is part of “The Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) that was signed into Law on March 27, 2020. The new Flexibility Act provided many Read More…
The Division of Local Government Services (DLGS) increases the NJ Minimum Bid Threshold beginning July 1, 2020. Governmental entities in NJ such as, municipalities, public schools, fire districts and sewer utilities must comply with N.J.S.A 52-34-7, in which all purchases and contracts exceeding the established thresholds must be achieved through an open and fair bidding Read More…
By Ross Forman In the midst of the COVID-19 crisis, operational challenges are among the top sources of pressure for businesses. Unforeseen costs, disruptions in services and, for most organizations, significant material hits to revenue are top of mind as you navigate new issues related to maintaining facilities and business functions. For these reasons, identifying and Read More…
On Friday, March 27, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (also known as the CARES Act), a $2 trillion stimulus package intended to help mitigate the economic devastation caused by the novel coronavirus (COVID-19). The stimulus is good news for manufacturers, many of whom are struggling given the current economic Read More…
Programs Available Under the CARES Act From Main St. to Wall St., all businesses have been affected by COVID-19 in one way or another. Businesses that were considered to be essential service business were affected by employees being unable to work due to their need to care for their children, who were now home from Read More…
By Jeff Pratt, Sean Murphy The novel coronavirus (otherwise known as COVID-19) crisis has struck a serious blow to the manufacturing industry, which was already battling trade policy turbulence, a slowdown in global manufacturing growth and broader economic uncertainty. The virus’ disruptive impacts are rippling throughout global manufacturing supply chains, particularly in the auto sector. Automakers rely Read More…
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