Business & Finance

May 12, 2021

WASHINGTON, D.C. — A cyberattack against a “vital” U.S. oil pipeline has contributed to a spike in already high gasoline prices. New Jersey gas prices now average $3.04 per gallon, according to AAA, compared to roughly $3.01 per gallon nationally.  In Passaic County, the price at the pump has ...

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NEW JERSEY – Gov. Phil Murphy threw a $25 million lifeline to New Jersey micro businesses, those with five or fewer employees, when he put his signature to a five-bill, $100 million relief effort aimed at helping the state’s economy recover from the year-long pandemic, on Thursday.  The federal ...

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PATERSON, NJ - Paterson’s downtown business owners are again getting an increased opportunity to attract customers thanks to the further expansion of sidewalk sales during the spring and summer months. Starting Friday, local merchants and restaurants can utilize the sidewalks adjacent to their ...

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PATERSON, NJ — The Greater Paterson OIC has announced the launch of their next Entrepreneurship and Small Business (ESB) Certification Training Program. The next session will get underway in Spring 2021. The course is free for qualified candidates. The ESB certification course teaches, test, and ...

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NEW JERSEY -- Gov. Phil Murphy last week unveiled his Fiscal Year 2022 Budget, which included $200 million to support New Jersey’s small businesses, the backbone of New Jersey’s economy. Hit hard by the COVID pandemic, small businesses have been forced to adapt to a vastly changed economy. The ...

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NEWARK, NJ — A program initiative initially based in Newark to provide capital to the city’s Black and Latinx business owners and communities is now planned to expand to Paterson, as well as six other cities across the state.  The Newark FAM Fund (Newark 40 Acres and a Mule Fund), which launched ...

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TRENTON, NJ - New Jersey businesses will once again have the opportunity to purchase personal protective equipment at discounts of nearly 70 percent from designated suppliers thanks to the return of the New Jersey Economic Development Authority’s (NJEDA) New Jersey Small and Micro Business PPE ...

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TRENTON, NJ -- Gov. Phil Murphy announced Wednesday that loans received through the federal Paycheck Protection Program (PPP) will not be subject to state taxes and that all expenses paid through PPP funds will be tax-deductible. "This is another layer of protection our business owners need to ...

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PATERSON, NJ - Mayor Andre Sayegh was joined by members of his administration and the United Way of Passaic County at a press conference Thursday to announce the forthcoming Financial Empowerment Center (FEC), aimed at serving Paterson residents who need guidance navigating the complexities of the ...

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PATERSON and HALEDON, NJ - Not too different from the city they call home, Paterson’s Damen and Lizzie VanGinneken are determined to make 2021 the year that embodies the spirit of the name of their Haledon bar. On December 29, 2020, Underdog Bar and Grill in Haledon was selected as a recipient ...

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HAMILTON, NJ --  Governor Phil Murphy signed the landmark New Jersey Economic Recovery Act of 2020 into law on Thursday at Hamilton's Carella's Chocolate's and Gifts, a local family business for more than 80 years. The law provides economic support for small businesses, while propelling New ...

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TRENTON, NJ - New Jersey’s minimum hourly wage will go up by $1 to $12 per hour, for most employees, on January 1, 2021, per the state Department of Labor and Workforce Development. Increases are less if you are a small employer or operate a seasonal business, to $11.10, while employees who work ...

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TRENTON, NJ-- Legislation sponsored by Senator Nellie Pou (D-Paterson) which would permit municipalities to authorize property tax reward programs unanimously advanced from the Senate Community and Urban Affairs Committee on Monday. Under the bill, S3188, municipalities would be permitted to ...

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PATERSON, NJ – As a difficult year draws to a close, Paterson’s small business community needs a boost now more than ever. The COVID-19 pandemic has taken a toll on many businesses across the state and has made the holiday shopping season more important this year than in the past.  Kathleen ...

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PATERSON, NJ -  Eligible businesses in the Great Falls Neighborhood of Paterson have until December 2 to apply for grants of up to $5,000 as part of funding awarded to the New Jersey Community Development Corporation (NJCDC) to promote the continued recovery and revitalization of neighborhoods in ...

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PARAMUS, NJ - Bergen New Bridge Medical Center is hosting a Veteran Recruitment Hiring Fair on Thursday, November 12. Operation Bergen New Bridge Serve Again is underway at Bergen New Bridge Medical Center, 230 East Ridgewood Avenue, Building 6 - Auditorium, Paramus, from 1 to 6 p.m. The fair ...

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PATERSON, NJ - The annual celebration of trick-or-treating took on a new look due to the onset of the coronavirus earlier this year.   Halloween festivities for children that were held, including special events hosted by the Paterson Lady Royals, Paterson Cares, and the Bronze Heat, featured new ...

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PATERSON, NJ – For Tshon Wells, running a business based in Paterson isn’t just about making a living for himself and his family. It’s also about inspiring others to pursue their dreams and giving back to his hometown. Wells, 42, is the owner of Wells Cleaning Company, a professional cleaning ...

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PATERSON, NJ – After learning more about New Jersey’s medical marijuana program, Asia Rollins decided to apply for a job at Rise Paterson, a dispensary that opened last December in the city. Now, on the cusp of one year on the job, Rollins is on the way up at one of the fastest growing companies in ...

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NEW JERSEY — Standing before a wall of kegs Tuesday, Gov. Phil Murphy spoke of $100 million in new Coronavirus Aid, Relief, and Economic Security (CARES) Act funds that will go toward New Jersey businesses and residents hit the hardest by the global health crisis.  “We're ready to help ...

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PATERSON, NJ – In a nod to Paterson’s role in the battle against COVID-19, Bergen County and Bergen New Bridge Medical Center recently made a bulk purchase of 110,000 N95 respirators from city-based Protective Health Gear (PHG). The masks, officials said, will help them maintain local stockpile of ...

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WASHINGTON, DC - U.S. Senator Bob Menendez announced last week that he has cosponsored the Restaurants Act, legislation that would provide $120 billion in federal relief for local food service, drinking establishments, and caterers that have suffered financial losses due to COVID-19.   Funding ...

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PATERSON, NJ - For three Paterson men, Diayaa Khatib, Mohammed Hlal, and Samir Al Khawaldah the challenge of overcoming the economic downturn brought on by COVID-19 was secondary to the one that saw them arrive from Syria less than five years ago to build new lives for themselves. On Monday, ...

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TRENTON, NJ – As winter turned to spring and the coronavirus began taking hold in New Jersey, small business owners faced a variety of pressing questions. Were they considered essential services? Would the federal government provide financial aid to keep them afloat? When could customers safely ...

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PATERSON, NJ - The battle line in the fight against COVID-19 now runs right through Paterson. On Wednesday company and public officials joined together to cut the ribbon on Protective Health Gear, New Jersey’s first production facility of N95 respirators, the type of face covering that, if used ...

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PATERSON, NJ - As the battle against COVID-19 continues in Paterson, and across the globe, one local entrepreneur is putting her business skills, and extensive well-being experience, to work to help make the community healthier.  For born and raised Patersonian Sakima Gillespie, the key to ...

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TRENTON, NJ –  Despite reporting encouraging figures related to the continued spread of COVID-19, Governor Phil Murphy continued to insist that gyms and indoor dining facilities must remain closed. Murphy, during his Wednesday press briefing, again refused to provide a timeframe for the reopenings ...

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TRENTON, NJ – Small business in Paterson are among those eligible to apply for grants of up to $10,000 to assist with lease costs under the Small Business Lease - Emergency Assistance Grant Program (SBL-EAGP) announced by Governor Phil Murphy Thursday.  The program will assist small business ...

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PATERSON, NJ - When the COVID-19 shutdown threatened the livelihood of her business, La Shonda Tyree did what many entrepreneurs in New Jersey did over the past few months. She pivoted. Tyree, the founder and chief executive officer of Nyah Beauty, a plant-based skincare company, spent this ...

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PATERSON, NJ - The efforts of local officials and area business owners to give the bustling 21st Avenue corridor a facelift got a boost on Friday with the announcement of a $500,000 state grant that will be used for new curbing, sidewalks, ADA compliant ramps, and other pedestrian friendly ...

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