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Is New Jersey Providing Additional Pandemic Relief for Impacted Small Businesses?

Is New Jersey Providing Additional Pandemic Relief for Impacted Small Businesses?

Author: David EdelbergDate: April 20, 2021

The New Jersey Legislature is advancing a package of bills intended to help small businesses impacted by the COVID-19 pandemic. The relief measures include both grant programs and tax credits.

New Jersey small businesses have struggled to stay afloat during the pandemic. According to the New Jersey Business & Industry Association (NJBIA), the number of small businesses in New Jersey is down 38.7%, and their revenues are down 41.9%, compared to pre-pandemic January of 2020. The state’s hospitality industry has been particularly hard hit, with 66.9% of small businesses having closed since January 2020.

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