NJ Recovery Update- 5/6/2021

Posted: Thursday, May 06, 2021


• Paycheck Protection Program has run out of money for most borrowers. Already approved PPP loans will be funded.

• Two out of three business executives are now ready to attend in-person networking events.

• 34 N.J. breweries are now offering a free beer to those who get vaccine shots.

Paycheck Protection Program Has Run Out of Money for Most Borrowers. Already Approved PPP Loans will be Funded.
The Paycheck Protection Program has run out of money for most borrowers before its planned May 31 end date, the Small Business Administration said. Going forward, the program will only accept new applications from community financial institutions, which typically serve minority borrowers, as about $8 billion in funding was set aside for such businesses. The SBA will continue to fund outstanding approved PPP applications from other lenders but won’t accept any new applicants. (CNBC)

Helping businesses get back on track, together.

Two Out of Three Business Executives are Now Ready to Attend In-Person Networking Events
Two-thirds of New Jersey business executives said they are ready to immediately attend in-person business networking events, according to a survey of N.J. Chamber of Commerce members conducted Wednesday. Exactly 66% of respondents said they would consider attending an in-person business networking event now. Meanwhile, 22% said they would consider attending such an event two to three months from now. The remaining 12% said they needed more time. (ROI-NJ)

A Drop in Vaccine Demand is Shifting N.J.’s Strategy from Megasites to Shots at Doctors’ Offices and Local Pharmacies
Vaccination sites are closing and cutting hours as vaccine demand drops. It’s part of the state’s plan to transfer focus from large, regional immunization operations to smaller, community-based programs that allow people to get shots in doctors’ offices, local drugstores or at home with help from a visiting caregiver, Gov. Phil Murphy said. The state is also targeting young people by partnering with colleges, and establishing the “Shot and a Beer” program, which enables those who get a first dose in May to enjoy a free beer at participating breweries. (NJ Spotlight News)

34 N.J. Breweries are Now Offering a Free Beer to those who Get Vaccine Shots
An additional 22 breweries in New Jersey signed on to offer a free beer to people 21 or older who receive a first COVID shot this month. Anyone who wants a free brew can bring their vaccination card to one of the 34 participating breweries by May 31, Gov. Phil Murphy said. (nj.com)

Rite Aid Is Now Taking Walk-In Customers for COVID-19 Vaccination Shots at its 129 N.J. Locations
Rite Aid recommends scheduling an appointment, but it will now make a limited number of shots available for walk-in customers. (ROI-NJ)

CVS Pharmacy is Now Taking Walk-In Customers for COVID-19 Vaccination Shots at its 324 N.J. locations
Same-day scheduling, including appointments as soon as one hour from time of scheduling, also are available, CVS said. (ROI-NJ)

The State is Down to 15 New Jersey School Districts with Exclusively Remote Learning
That number is down from 142 at the beginning of March. Among the 15, seven are charter schools, four are public school districts, and four are special service schools. The four remaining public school districts are Hillside, Passaic, Paterson, and Pleasantville. (nj.com)

New Jersey will End its Ban on Indoor Interstate Youth Sports, Starting May 19
The state banned interstate youth and high school sports in November as COVID-19 numbers began to rise. New Jersey allowed outdoor interstate sports to resume in March, and now indoor interstate competitions can resume on May 19. (nj.com)

What it’s Like for Kids Stricken by ‘Long-Haul COVID-19'
Kids that had COVID-19 and recovered can suffer sudden relapses, with symptoms including shortness of breath, mental confusion, and physical impairment of heart and lungs, healthcare providers said. Athletes with these symptoms get benched, while straight-A students see grades plummet. (NJ Spotlight News)

Join Us in Calling on Congress to Pass a Comprehensive Infrastructure Deal
Our nation’s roads, bridges, water and energy infrastructure need modernization and every citizen deserves dependable access to broadband. Tell Congress: Pass comprehensive infrastructure legislation by the Fourth of July. (U.S. Chamber of Commerce)