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Back to COVID19

December 31, 2020 - COVID-19 Update

 12/31/2020 10:48 AM

A business guide to the $900 billion federal relief package. Indoor recreational and school sports are coming back on Jan. 2. In the new year, you will be able to sign up for a COVID-19 vaccination.

A Business Guide to the $900B Federal Relief Package – The relief bill includes significant updates to Paycheck Protection Program (PPP) loans, how PPP loans are taxed, tax credit eligibility and cash grants for businesses. See this breakdown. (U.S. Chamber of Commerce) 

Facts About Forgivable Loans in the Paycheck Protection Program – Paycheck Protection Program loans have been a top option for businesses struggling during the pandemic, but the tax obligations associated with them have been challenging to understand. Here are FAQs about loan forgiveness and tax obligations related to the PPP. (U.S. Chamber of Commerce) 

How to Get Your Paycheck Protection Loan Forgiven – Here is what businesses need to do to get their PPP loans forgiven. (U.S. Chamber of Commerce) 

‘Main Street New Jersey’ Applications are Coming – The state Department of Community Affairs will be accepting new applications from Feb. 1 to March 31 for Main Street New Jersey designations, which allow communities to apply for grant opportunities to assist with improvement projects in their districts. The DCA said it is the first time since 2015 that it is accepting the applications. (DCA) 

Indoor Recreational and School Sports Are Coming Back – On Jan. 2, indoor practices and competitions for organized youth, high school and adult recreation sports can resume with health and safety protocols in place. However, indoor youth sports competitions with teams from other states continues to be prohibited in New Jersey. (State of New Jersey) 

Vaccinations in the Prisons – New Jersey prisoners and officers will be part of the first wave of coronavirus vaccinations, the head of the state health department said Wednesday during a virtual press conference. Health care workers remain the highest priority, followed by the tens of thousands of people who live and work in nursing homes and other long-term health facilities. Prisons would be next in line, along with group homes, federal housing for seniors, the state’s five developmental centers and other facilities, according to the health department. (nj.com) 

You'll Be Able to Sign up for a Vaccination – New Jersey unveiled a website where people will be able to sign up to receive a vaccine for COVID-19 in “the near future,” Gov. Murphy said Wednesday. Murphy has said he hopes doses for the wider public will be available by April or May. (nj.com) 

Back to College (with Proof of a Negative COVID-19 Test) – The end of the year means the start of a spring semester for colleges and universities. Most will be offering a hybrid model of learning this spring and require students to present a negative COVID-19 test before returning to campus. Some are requiring students to remain on campus for the entire semester in a “bubble,” while others are creating social pods to reduce the spread of the disease. (NJ Spotlight News) 

New York Penn Station Gets an Upgrade with 92-Foot-High Skylights – Moynihan Train Hall, a new annex to Manhattan's Penn Station, will open on New Year’s Day. The $1.6 billion hall, in the old James A. Farley Post Office Building across Eighth Avenue from the main station, will serve Amtrak and LIRR passengers. The 255,000 square foot space is designed to be the antidote to the dark, underground experience of Penn Station, with a sprawling open waiting area centered around an Art Deco clock, and 92-foot-high skylights made out of an acre of glass. (Politico) 

Looking at Employee Health Insurance for 2021? – N.J. Chamber of Commerce member companies can enroll in the Members Health Plan that gives you – and your employees – the power of a big employer when it comes to health insurance service and stability of rates. Find out how you can save.

 

N.J. Coronavirus Cases - New Jersey Residents
(Source: N.J. Health Department)

Total Confirmed Deaths Reported: 16,931
Total Positive COVID-19 Cases Reported: 472,264
For data on hospitalizations and discharges, click here.

 

* Resources From NJ Chamber of Commerce


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