MEDFORD, NJ - Gov. Phil Murphy was in Burlington County on Thursday to sign into law S3523, which provides $25 million in federal COVID-19 relief aid for small businesses throughout New Jersey.
The bill 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," Murphy said. "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."
"Small businesses are the heart and soul of our communities. While these businesses have been hit the hardest by COVID-19, the resilience and ingenuity of business owners and their employees throughout the pandemic has been inspiring," said Tim Sullivan, New Jersey Economic Development Authority chief executive officer. "I am proud to be here today with Governor Murphy celebrating this new bill that will provide additional resources for small businesses as they begin the hard work of recovering from the devastation of the pandemic."
The relief aid will be administered by the NJEDA, which so far has provided more than $250 million in aid to 55,000 New Jersey businesses. The legislation is part of a five-bill, $100 million relief effort aimed at helping New Jersey’s economy recover from the year-long pandemic.