Federal Activities:
On January 22, in response to President Biden’s COVID-19 Economic Relief Executive Order, the U.S. Department of the Treasury announced that it would create an online tool to assist households in obtaining stimulus payments. For more information, click
On January 20, the Biden administration issued a
memorandum to federal agencies and executive departments that places a regulatory freeze on reviewing new or pending rules. One rule recently finalized and currently pending is the Office of the Comptroller of the Currency’s rule on access to banking services provided by national banks, federal savings associations, and federal branches and agencies of foreign bank organizations. For more information, click
To embed, copy and paste the code into your website or blog:
To revitalize a state suffering from the economic and personal hardships wrought by the COVID pandemic, New Jersey Governor Murphy signed into law on Jan. 7, 2021, the New Jersey Economic Recovery Act of 2020. The Act adopts a series of incentives to both encourage businesses to settle in New Jersey and prevent Garden State businesses from fleeing to greener pastures elsewhere. Many of these programs will be administered by the New Jersey Economic Development Authority (“Authority”).
The new Emerge Program provides tax credits to encourage economic development, job creation and the retention of significant numbers of jobs in imminent danger of leaving the state. The program will target businesses that build, acquire or lease space in the state with plans to create or retain full-time jobs.
Sumter Bill to Establish NJ Biannual Business Matchmaker Initiative Clears Assembly Committee January 13, 2021, 3:52 pm | in
Sumter Bill to Establish NJ Biannual Business Matchmaker Initiative Clears Assembly Committee
(TRENTON) – Ensuring small businesses are connecting to opportunities offered by federal, state and local government agencies, Assemblywoman Shavonda Sumter sponsors legislation that would create a business matchmaker program in New Jersey.
The measure was approved Wednesday by the Assembly Community Affairs and Development Committee.
“Business matchmaker programs have been successful in other states around the country. Small business owners with aspirations to grow their businesses need access and a conduit to these important connections in various government agencies,” said Sumter (D-Bergen, Passaic). “A program like this one will be especially crucial as we begin to rebuild Main Street, small business communities and local e