New Jersey Future statement on the expansion of small business COVID-19 loans

TRENTON, May 22, 2020 — New Jersey Future Executive Director Peter Kasabach, a member of the Main Street Committee of Governor Murphy’s Restart and Recovery Advisory Council, released the following statement on the New Jersey Economic Development Authority’s small businesses COVID-19 grant program expansion:

“Our downtown and main street businesses are trying their best to weather this storm and get ready to re-open. During this time of uncertainty, cashflow subsidies are critical to ensure that they can rebound and stay a vital part of our downtown and main street fabric. The EDA’s announcement will provide much needed support, and we hope these funds will find their way to the small businesses owners that have not been able to access these resources previously, either because they lack the experience, ability, or knowledge to do so.”