Economic Recovery and Reopening Update

NJ Chamber Economic Recovery & Reopening Update

May 5, 2021

Content Curated By Scott Goldstein


INSIDE TODAY’S UPDATE

  • With New Jersey now slated to lift many COVID-19 restrictions, here’s what you should know. 
  • Will COVID-19 vaccine resisters block New Jersey’s path to herd immunity?
  • Pfizer expects to seek vaccine authorization this September for kids between 2 and 11.

With New Jersey Now Slated to Lift Many COVID-19 Restrictions, Here’s What You Should Know
The announcement Monday that the state is lifting many COVID-19 restrictions was a lot to digest. What’s changing and when? What will be different for restaurants, bars, gyms and other businesses? Here is a condensed summary. (NJ Spotlight News)

A Detailed Look at the Easing of Restrictions
Here are the details on the state’s easing of restrictions, including a removal of all percentage capacity limits for indoor and outdoor businesses, a lifting of the ban on indoor bar seating, and an end to the outdoor gathering limit. (New Jersey Governor’s Office)

Will COVID-19 Vaccine Resisters Block New Jersey’s Path to Herd Immunity?
Vaccine resisters come in two forms — total no-go and on-the-fence. New Jersey’s efforts to vaccinate 4.7 million people by July will likely focus more on convincing on-the-fencers. On Monday, Gov. Phil Murphy launched “Operation Jersey Summer,” a massive outreach campaign that will trade vaccine shots for beer, send 900 volunteers and big vaccination vans out into pockets of resistance in the state, to convince hold-outs to take the vaccine. (NJ Spotlight News)

Biden Aims to Vaccinate 70% of American Adults by July 4
President Joe Biden on Tuesday set a new vaccination goal to deliver at least one shot to 70% of adult Americans by July Fourth as he tackles the vexing problem of winning over the “doubters.” Demand for vaccines has dropped off markedly nationwide, with some states leaving more than half their available doses unordered. The Biden administration for the first time is moving to shift doses from states with weaker demand to areas with stronger interest in the shots. (The Associated Press)

Pfizer Expects to Seek Vaccine Authorization this September for Kids between 2 and 11
Pfizer expects to apply for emergency use authorization from the Food and Drug Administration for its COVID-19 vaccine for children between 2 and 11 in September, the company said during an earnings call on Tuesday. A study to examine the safety and efficacy of the vaccine among those between 6 months and 11 years old is ongoing. Additionally, Pfizer said it’s expecting to seek authorization for its vaccine among children between 6 months and 2 years in the fourth quarter of 2021. (Yahoo! News)

How to Claim the Employee Retention Tax Credit, which Offers Tax Relief to Companies that Lost Revenue in 2020 and 2021 due to COVID-19
Eligible companies can receive as much as $7,000 per employee per quarter for four quarters in 2021, or $28,000 per employee. The ERTC has changed over time, so it can be confusing to track where things stand. Here’s what you need to know about the ERTC and how to take advantage of it. (U.S. Chamber of Commerce)

Small Business Series: The National Outlook for 2021 – May 19
Join Curtis Dubay, senior economist at the U.S. Chamber of Commerce, for a discussion on the economic outlook for the remainder of 2021. This is the second of the N.J. Chamber’s five webinars focused on information for small businesses. Register free of charge here. (N.J. Chamber of Commerce)


New Online Resource: The NJ Chamber Legislative Roster

An up-to-date, mobile friendly, single source for office and contact information for New Jersey’s Governor and every N.J. legislator

Try it out here – NJCCGovGuide.com


Business Resources

Federal Grants for Restaurants and Bars (U.S. Chamber of Commerce)

Guidance, Restrictions, and Assistance for Businesses (State of N.J.)

State & Federal Financial Assistance (U.S. Chamber of Commerce)

Pandemic Resources for Small Businesses (U.S. Chamber of Commerce)

Reopening Playbook for Employers (U.S. Chamber of Commerce)

Vaccine Guide for Businesses (U.S. Chamber of Commerce)

Paycheck Protection Program (PPP) Guidance (U.S. SBA)

Discount PPE for NJ Businesses (State of N.J.)

Jobs and Hiring Portal Job Seekers | Employers (State of N.J.)

General Pandemic Information (State of N.J.)

Guide to Starting a Business in N.J. (New Jersey Business Action Center)


NJ Coronavirus Cases

(Source: N.J. Health Department)

Total Confirmed Deaths Reported: 23,033

Total Confirmed COVID-19 Cases Reported: 876,925

Data: Hospitalizations and Discharges | Vaccinations


Source: N.J. Chamber of Commerce

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