Employment Opportunity!

P/T staffer needed for a Healthcare agency.

(As a staffer they match up the client with a home health aid who is available)

Call for more information: 973-399-1066 (Mention name Susanne from the Chamber)

Reliable Healthcare Agency Inc.
50 Union Ave., Suite 801- B
Irvington, NJ 07111

There are also jobs available for men and women who have their CHHA license and would like to work.

April New and Renewal Memberships

Welcome and congratulations to our newest April Member!
• Ms. Robin Hollows Olivera, Bloomfield Resident

Thank you to our membership renewals for April. We appreciate your continuous and generous support!
Bella Napoli Restaurant
• Compass Self Storage
• Cowan’s Public
• Dunkin Donuts (Belleville Avenue, Bloomfield)
• Everside Health (formerly Paladina Health)
• Generazio Associates, Inc.
• Lynnes Auto Group
• Nutley Auto Kia
• PS Optical
• Susanne Kaltsas, Professional Counseling
• Terry Drugs
• The Eye Care Center of NJ
• Vincent J. Castellano, DMD
WBMA-TV (Bloomfield)
• Zippo’s Mobile Electronics

NJBAC: New Business Handy Check List

The NJ Business Action Center has just produced a handy check list for all individuals thinking about starting a business. It is the "New Business Checklist" which can be accessed and downloaded at this link nj-new-business-checklist.pdf.

The checklist walks a person through all the stages of starting a business with the necessary links. It also connects the person to the NJBAC for any additional questions.

Thank you.

Melanie L Willoughby
Executive Director
NJ Business Action Center
33 West State Street
Trenton, NJ 08068
609-462-6917 cell
melanie.willoughby@sos.nj.gov
https://www.nj.gov/state/bac

NJEDA ANNOUNCES LAUNCH DATES FOR $85 MIL PHASE 4 SMALL BUSINESSES

NJEDA ANNOUNCES LAUNCH DATES FOR $85 MILLION PHASE 4 OF THE SMALL BUSINESS EMERGENCY ASSISTANCE GRANT PROGRAM

Phase 4 provides short-term, immediate payroll and working capital support to NJ small and medium businesses and non-profits
TRENTON, N.J. (April 14, 2021) – The New Jersey Economic Development Authority (NJEDA) today announced Phase 4 of the Authority’s Small Business Emergency Assistance Grant Program, adding $85 million in funds from the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Phase 4 will provide short-term operating support to a broad group of New Jersey small and medium sized businesses and non-profits that have been negatively impacted during the declared state of emergency. More information is available here.

Interested business owners will need to pre-register here to access the application. Pre-registration will begin on Monday, April 19, 2021 at 9:00 a.m. and will close on April 29, 2021 at 5:00 p.m. The application will be available via a phased approach following the end of the pre-registration period, as detailed below. Applicants must complete the full application to be considered for grant funding.

In line with Governor Murphy’s commitment to a stronger, fairer recovery, Phase 4 funding will be allocated to support the most adversely affected businesses, including restaurants, micro-businesses, and child care providers, as well as other small businesses. To ensure grants reach businesses in the hardest hit communities, including communities of color, one-third of funding will be targeted to businesses with a primary business location within the 715 census tracts designated as eligible to be selected as an Opportunity Zone.

“The economic impact this pandemic has wreaked in New Jersey is still being felt one year after it started, and it has disproportionally affected woman- and minority-owned businesses. The $85 million in additional funds committed to Phase 4 of the Small Business Emergency Assistance Grant Program will directly and expeditiously help these businesses stabilize their operations and minimize potential furlough or layoffs,” said NJEDA Chief Executive Officer Tim Sullivan. “Businesses that are still struggling cannot wait for assistance and we are working uninterruptedly at the NJEDA to ensure that our communities don’t just survive the pandemic, but emerge from it stronger, fairer, and ready to rebuild.”

The Small Business Emergency Assistance Grant Program was created to provide funding as efficiently and quickly as possible to small and medium-sized businesses that needed payroll and working capital support as a result of adverse economic impacts following the March 9, 2020 declaration of a State of Emergency and a Public Health Emergency. Since the launch of Phase 1 of the program on April 6, 2020, the Authority has approved nearly 44,000 grant applications representing over $214 million in total grant funding awarded through Phases 1 – 3. The program has evolved with each phase to offer expanded eligibility and award amounts.

Phase 4 funds aim to reimburse lost revenue as result of the business interruption caused by the pandemic between March 1, 2020 and the date of the grant agreement, providing the necessary resources to any eligible business that has been temporarily shut down, has been required to reduce hours, has had at least a 20 percent drop in revenue, has been materially impacted by employees who cannot work due to the outbreak, or has a supply chain that has materially been disrupted and therefore slowed firm-level production during the pandemic.

Phase 4 once again increases the amount of funding available to businesses. Grant awards will be calculated based on the number of full-time equivalent employees (FTEs) businesses employ. Micro-businesses with five or fewer FTEs and sole proprietorships will receive up to $10,000; businesses with six to 25 FTEs will receive up to $15,000; and businesses with 26 to 50 FTEs will receive up to $20,000. A grant size estimator is available here.

To maximize the funding businesses can receive in Phase 4, grant awards will be based on the peak FTE count from a business’s past eight quarters of WR-30 filings. Businesses must use funds from the Grant Program for reimbursement of lost revenue as a result of business interruption caused by the pandemic. Businesses may not use grant funds for capital expenses.

The $85,000,000 in funds available through Phase 4 will be allocated as follows:

Restaurants: $35 million of funding to support businesses classified as “Food Services and Drinking Places” under NAICS code 722, given the disproportionate impact these businesses have experienced due to the pandemic, including caps on on-location dining and unusual costs they incurred to adapt their business models for safe operations.
Child Care Providers: $10 million of funding to support businesses classified as “Child Day Care Services” under NAICS code 624410, given the disproportionate impact these businesses have experienced due to the pandemic, including caps on capacity numbers and unusual costs they incurred to adapt their business models for safe operations.
Micro-businesses: $25 million of funding to support businesses that have had 5 or fewer FTEs in each of their past eight quarters of WR-30 filings (including businesses with no FTEs), given the unique financial vulnerability experienced because of the pandemic by micro-businesses, which typically have lower financial reserves.
Other small businesses (6-50 FTE): The remaining $15 million of funding will support businesses that are not eligible under the micro-business category.

Applications will become available on a rolling basis following the pre-registration period (April 19, 2021, 9:00 a.m. to April 29, 2021, 5:00 p.m.) Pre-registered applicants will need to return to
https://programs.njeda.com/en-US/ to complete an application based on the following schedule:

• Businesses that did not apply for, or were not approved for Phase 3 funding – 9:00 a.m. on May 3, 2021
• Restaurants and child care providers – 9:00 a.m. on May 5, 2021
• Micro businesses (five or fewer FTEs) – 9:00 a.m. on May 10, 2021
• All other small businesses, excluding restaurants, micro businesses, and child care providers – 9:00 a.m. on May 12, 2021

Applications for each category will be open for a period of one week and will be accepted on a first-come, first-served basis, based upon the date and time the Authority receives a completed application submission.

The NJEDA is partnering with three leading marketing agencies to coordinate strategic outreach to targeted communities. Tara Dowdell Group, Medina=Citi, and 360 Marketing and PR were selected to support these outreach efforts based on their established connections to diverse communities across the state. All three firms are minority- and/or woman-owned.

The NJEDA is providing the online pre-registration and application in English and Spanish and offering applicants access to interpretation services to support speakers of ten additional languages –Arabic, Chinese (Mandarin and Cantonese), Gujarati, Hindi, Italian, Korean, Polish, Portuguese, and Tagalog.

In addition to the Small Business Emergency Assistance Grant Program, the NJEDA administers a variety of technical assistance and low-cost financing programs for small and mid-sized businesses impacted by COVID-19. More information about these programs and other State support is available at https://business.nj.gov/covid or call 844-965-1125.
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About the New Jersey Economic Development Authority

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses call NJEDA Customer Care at 609-858-6767 or visit https://www.njeda.com and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

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PROVIDENT BANK SPONSORS CHAMBER FOUNDATION SCHOLARSHIP!

The Suburban Essex Chamber of Commerce Foundation and Its Mission:

“We are a volunteer association of businesses and professional people, working together for the sole purpose of providing scholarships to graduating high school seniors in the Townships of Bloomfield and Belleville, and the Borough of Glen Ridge, NJ.”

Thank you for your sponsorship donation for the 2021 Foundation Scholarship Program!

March New and Renewal Memberships

Chamber Welcomes March new Memberships!
Beacon Wealth Partners, Daniel Cocco, Financial Advisor
Robin Hollows-Olivera, Patron

March Membership Renewals!

All Star Pediatrics and Sports Medicine, Dr. Ruchi Mehta
American Roofing and Siding, Michael DeRosa, President
Belleville Motor Lodge, Cecelia Polizzi, President
Bloomfield Auto Body, Anthony Trama, Owner
Bloomfield Parks, Recreation & Cultural Affairs, Michael Sceurman, Director
Job Haines Home, Noreen Haveron, Exec. Dir., President; Reineen Dohman, Dir. of Mktg.
Minor Rubber, Robert Walker, Manager
Wilber’s Painting & Home Improvements

Thank you for membership and support!

AMERICAN RESCUE ACT: IMPORTANT DETAILS ON HOW PLAN WILL HELP NJ

https://www.booker.senate.gov/news/press/menendez-booker-release-more-details-on-how-american-rescue-plan-will-help-nj

LIST OF SPECIFIC PROGRAMS IMPACTING BUSINESSES
• $25 billion targeted assistance for hard-hit restaurants, bars and eateries based on the RESTAURANT Act
• $7.25 billion for the Paycheck Protection Program (PPP) and second-draw PPP loans
• $15 billion for Economic Injury Disaster Loan (EIDL) advance grants
• $10 billion for the State Small Business Credit Initiative
• $1.25 billion in grants for shuttered concert and stage venues
• Extends the Employee Retention Tax Credit (ERTC) through the end of 2021 to provide a maximum $14,000 payroll tax credit per employee to help keep employees on payroll at struggling businesses
• Emergency pandemic UI programs due to lapse Mar. 14 will be extended to Sept. 6, not Aug. 29, as in the House version of the bill
• Extends $300 federal weekly enhanced benefit through Sept. 6
• Makes first $10,200 of UI tax-free income for individuals earning up to $150,000
• Freelancers, gig workers and independent contractors eligible

OVERVIEW ON BUSINESS IMPACTS BY CNN

The $1.9 trillion American Rescue Plan Act that President Joe Biden signed into law contains a number of provisions intended to help small businesses, especially restaurants.

It authorizes another $7.25 billion for the Paycheck Protection Program, which offers forgivable loans to small businesses and other organizations hurt by the pandemic. The loans will only be forgiven, however, if at least 60% of the money is used to support payroll expenses and the remainder goes to mortgage interest, rent, utilities, personal protective equipment or certain other business expenses.
The additional money is intended to expand eligibility for the loans to include more nonprofit organizations than were eligible before, as well as digital news services providing local news and public health guidance during the pandemic.

Despite the added funds, however, the legislation doesn't actually extend the program, which is currently set to expire on March 31.

That's an issue because there is already a backlog of applications still pending approval by the Small Business Administration. And, under current rules, any loan that hasn't been approved by March 31 will not be funded.

That means banks must decide how much longer they want to accept new applications, since it now takes 24 to 48 hours for a bank to hear back from the SBA on whether a submitted loan application has been approved.

In cases where applications haven't been approved, the SBA may request more information, or flag a business owner as ineligible. Clearing up those issues can take days or weeks longer.

Bank of America, for instance, stopped accepting new applications on Tuesday. "As the largest lender in the program since it began, we have 30,000 applications in process and want to allow enough time to complete the work and get each client's application through the SBA process by March 31," a bank spokesman said.

Banking associations, the American Institute of CPAs and others have been calling on Congress to extend the program beyond March 31, or to at least allow the SBA to continue processing loan approvals for applications submitted before March 31.

As of March 7, the SBA has made 7.6 million PPP loans totaling $678.4 billion since Congress created the program last spring, according to data from the federal agency.

More money for restaurants, venue operators and minority-owned businesses. Other provisions in the American Rescue Plan intended to help small businesses include: Money to help states assist their small business economies: Through the State Small Business Credit Initiative, the legislation allocates $10 billion for state governments to help leverage private capital and make low-interest loans and other investments to help their small business economies recover.

More money for underserved businesses: The legislation earmarks $15 billion to the Economic Injury Disaster Loan grants program to be given to small businesses in underserved areas, especially those that are minority-owned.

Special relief for restaurants: The American Rescue Plan includes nearly $29 billion to create a grant program that provides direct relief to restaurants.

More money for operators of closed venues: Another $15 billion will be added to the Shuttered Venue Operators Grants program, created by the previous economic aid package. The grants are intended to help those who run museum, theater, concert and other venues that had to shut down due to Covid restrictions. The bill also allows such operators to apply for PPP loans in addition to these grants.
Additional funding for the Small Business Administration: To help the SBA administer all the new programs that have fallen under its purview as a result of the pandemic, the bill allocates another $1.325 billion to its budget.

IMPORTANT LINKS TO SUMMARIES
https://www.sba.gov/article/2021/mar/11/american-rescue-plan-act-elevates-small-business-support-response-covid-19-pandemic

FEBRUARY MEMBERSHIP NEW & RENEWALS

THE SUBURBAN ESSEX CHAMBER OF COMMERCE WELCOMES OUR NEWEST FEBRUARY MEMBER!
Newmark Associates, James Davenport, Commercial Real Estate Agent

FEBRUARY MEMBERSHIP RENEWALS
Bloomfield Board of Education
Bloomfield Collision
• Clara Maass Medical Center | RWJ Barnabas Health
• Halpin-Bitecola Brookdale Funeral & Cremation Service
• Lois Tirrell
• Worrall Media

WE APPRECIATE AND THANK YOU FOR YOUR GENEROSITY AND CONTINUOUS SUPPORT DURING THESE TRYING TIMES!

Please PATRONIZE our local member businesses. For a complete list of our members visit website at www.suburbanessexchamber.com. Thank you!

STARTING A NEW BUSINESS IN NJ

The NJ Business Action Center has just produced a handy check list for all individuals thinking about starting a business. It is the "New Business Checklist" which can be accessed and downloaded at this link nj-new-business-checklist.pdf.

The checklist walks a person through all the stages of starting a business with the necessary links. It also connects the person to the NJBAC for any additional questions.

Melanie L Willoughby
Executive Director
NJ Business Action Center
33 West State Street
Trenton, NJ 08068
609-462-6917 cell
melanie.willoughby@sos.nj.gov
https://www.nj.gov/state/bac