Legislation is Part of a $100 Million Relief Package for New Jersey Small Businesses
MEDFORD, NJ (STL.News) Governor Murphy signed into law S-3523, which provides $25 million in federal COVID-19 relief aid for small businesses throughout New Jersey. The bill – sponsored by Senators Dawn Marie Addiego and Joe Lagana and Assemblymen Gordon Johnson, John Armato, and Roy Freiman – focuses on providing a lifeline to microbusinesses with five or fewer employees. The bill is part of a five-bill, $100 million relief effort aimed at helping New Jersey’s economy recover from the year-long pandemic.
“Main Street businesses have always been the backbone of our economy and unfortunately have been the hardest hit during the pandemic,” said Governor Murphy. “This bill, along with others I’ll sign later this month, will help thousands of businesses keep their doors open as we climb out of the economic hardships wrought by COVID-19.”
“New Jersey never fully recovered from the Great Recession, and a lot of that was due to the limited relief residents, businesses and organizations received,” said Senator Dawn Marie Addiego. “Right now, we have an opportunity to learn from our mistakes and provide relief funding for those who have struggled over the past year, specifically microbusinesses.