When the annual corporate funding for the New Jersey chapter of the Jobs for America’s Graduates program started to wane because of COVID-19, Withum CEO and Managing Partner Bill Hagaman stepped up — reaching out to his colleagues with the New Jersey Chamber of Commerce and imploring them to find funding for the program.
This week, the New Jersey Legislature is considering legislation that would require certain entities authorized to issue health benefit plans to pay an annual assessment.
Of course, “assessment” is just another way of saying “tax” — which is what this is, a tax on health insurance. Worse, if this bill becomes law, it will actually create a second tax on health insurance in New Jersey.
On June 19, the New Jersey Senate Republican caucus sent a letter to Gov. Phil Murphy urging him to release more of the federal Coronavirus Aid, Relief, and Economic Security Act funding to help the state’s struggling business community — including nonprofits and educational institutions.
An Asbury Park shopping district decimated by civil unrest 50 years ago had crawled its way back to a palpable level of vibrancy when Hurricane Sandy dealt another paralyzing blow in October 2012.
But as bad as Sandy was for the local Asbury Park economy, the devastation left behind by the coronavirus outbreak stands to be even worse.
New Jersey is taking the first tentative steps toward restarting its economy and, hopefully, with each passing day, we will see more and more businesses opening their doors.
In response to the unprecedented crisis caused by the coronavirus outbreak, everybody is understandably focused on their health and the health of their loved ones as well as the viability of their jobs and businesses.
We at the New Jersey Chamber of Commerce heard these concerns in dozens of voices last week on a conference call with small business owners discussing the new federal relief legislation - How do we survive? How do I keep my employees on the payroll? How long will this nightmare last?