Page 16 - புதியது ஜெர்சி பொருளாதார வளர்ச்சி அதிகாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Jersey City Council hears from Fulop on Centre Pompidou, $620M budget during caucus
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Flag Day 2021: Newark NJ skyline is know for the flags
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NJ gears up $10M of loans for businesses recovering from COVID June 9, 2021
1:46 pm
The New Jersey Economic Development Authority said June 9 it will open applications for a $10 million pandemic-relief loan program as the state embarks on its recovery from the COVID-19 recession.
Loans will be capped at $100,000 per business and last 10 years with a 0% interest rate and deferred payments for the first two years. NJEDA officials expect the loan pre-registration period to open in July.
It’s the latest in hundreds of millions of dollars in state support meant to hold establishments over during the litany of COVID-19 mandated closures that have pummeled businesses such as gyms, restaurants, bars, hotels, salons and retail outlets. State officials contend the finances in this latest round could be a shot in the arm for employers, especially small businesses, eyeing how to scale up their operations in the midst of the reopening.
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