We are pleased that the U.S. Congress approved the CARES Act in a quick and bipartisan manner to assist those affected by COVID-19.
The NJ Chamber thanks all of New Jersey’s Congressional members who helped secure this critical legislation and we are grateful for the commitment and dedication they have shown during this unprecedented crisis.
The $350 billion allocated for small business assistance will help restore in our businesses confidence that they can continue to operate. It will restore in our citizens security that jobs can be preserved.
Most importantly, the $100 billion for hospitals will bring much-needed relief to the strained health care system that is on the front lines of this pandemic.
Recent reports indicate that the U.S. has the most COVID-19 cases in the world, with New Jersey having the second highest number of cases in the nation. As this crisis continues, New Jersey’s residents and businesses may eventually need more relief.
The New Jersey Chamber of Commerce stands ready to assist in this matter in any way.