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NJBIA SUPPORTS $235 MILLION IN COVID-19 RELIEF GRANTS FOR The Assembly Appropriations Committee on Tuesday advanced a six-bill package, strongly supported by NJBIA, that would provide $235 million in funds for grants to help small business recover from their financial losses during the pandemic. Restaurants, childcare centers, nonprofits and small businesses and microbusinesses would be eligible to apply for New Jersey Economic Development Authority RECREATIONAL MARIJUANA WORKPLACE SAFETY LAW FAST FACTS Recreational Marijuana Workplace Safety Law Fast Facts —Background— On February 22, 2021, the Governor signed into law A-21 / S-21, legalizing the use of recreational marijuana in New Jersey.The comprehensive law, created after New Jerseyans voted to legalize recreational marijuana by referendum on Nov. 3, 2020, covers a range of social, commercial, regulatory, and legal logistics. EMPLOYER GUIDE TO 2021 TAX WITHHOLDING CHANGES The 2021 TDI and FLI Taxable Wage base for employees-only is $138,200 – up from 2020’s $134,900. The TDI Taxable Wage Base for employers-only is $36,200 – a slight increase from 2020’s $35,300. The 2021 disability tax rate for employees rises to 0.47% of taxable wages, up from 0.26%. The tax rate for existing employers for thestate
SURGING LUMBER PRICES BOOST NEW HOME COSTS The meteoric rise in lumber prices over the past 12 months has added $35,872 to the average cost of a new single-family home, according to the National Association of Home Builders. Now economists are predicting that lumber shortages and high prices will continue for another year or two. Experts say supply and demand is at the root ofthe problem.
NJBC TOWN HALL: EXPANDING UNEMPLOYMENT BENEFITS HAS LED TO A landscaping contractor says that bonus unemployment payments has job applicants asking to be hired 'off the books' so they can keep collecting benefits. NJBIA HEALTHY BUSINESS CERTIFICATION We are pleased to announce our new partnership with Hackensack Meridian Health to enhance our already popular online Healthy Business Certification.. Businesses not only learn best practices and develop policies and procedures for a healthy and safe workplace, they now have access to healthcare experts from Hackensack Meridian Health’s tier-one, Keeping America Safe Program. EMPLOYEE INFECTIOUS DISEASE TRAINING Employee Infectious Disease Training provides need-to-know information about how to safely work during an outbreak, epidemic or pandemic. Your employees will understand best practices on how to operate making sure everyone stays safe, healthy and confident about your business. This online course is 45 minutes and can be taken at the employee IT'S OFFICIAL: NJ REBATES AVAILABLE FOR ELECTRIC CARS This will result in varying incentive amounts, for example: * A fully electric car with 200 miles of electric range or more will qualify for a $5,000 rebate. * A hybrid electric car with 20 miles of electric range will qualify for a $500 rebate. The bill also codifies the Murphy Administration’s goal of 330,000 registered light-dutyelectric
WORKERS COMPENSATION AND LEAVES OF ABSENCE EXPLAINED Workers who file for temporary disability benefits receive 70 percent of their average weekly wage up to a maximum $921 a week. That $921 figure represents 70 percent of the state average weekly wage ($1,228.25), and injured workers who normally earn more than that amount still max out at $921. NJBIA - NEW JERSEY BUSINESS & INDUSTRY ASSOCIATIONADVOCACYTHE BENEFITS OF MEMBERSHIPHEALTHCARE SOLUTIONS WITH AMTHR SUPPORT CENTER ACTION ALERT SEND A MESSAGE Tell Governor Murphy To Take Action on NJ’s Hiring Crisis New Member Benefit HR SUPPORT CENTER LEARN MORE CORONAVIRUS Recovery & Reinvention RESOURCE PAGE NJBIA Covid-19 Training Courses LEARN MORE MOVE FORWARD Market or Find RecoveryResources Today!
NJBIA SUPPORTS $235 MILLION IN COVID-19 RELIEF GRANTS FOR The Assembly Appropriations Committee on Tuesday advanced a six-bill package, strongly supported by NJBIA, that would provide $235 million in funds for grants to help small business recover from their financial losses during the pandemic. Restaurants, childcare centers, nonprofits and small businesses and microbusinesses would be eligible to apply for New Jersey Economic Development Authority RECREATIONAL MARIJUANA WORKPLACE SAFETY LAW FAST FACTS Recreational Marijuana Workplace Safety Law Fast Facts —Background— On February 22, 2021, the Governor signed into law A-21 / S-21, legalizing the use of recreational marijuana in New Jersey.The comprehensive law, created after New Jerseyans voted to legalize recreational marijuana by referendum on Nov. 3, 2020, covers a range of social, commercial, regulatory, and legal logistics. EMPLOYER GUIDE TO 2021 TAX WITHHOLDING CHANGES The 2021 TDI and FLI Taxable Wage base for employees-only is $138,200 – up from 2020’s $134,900. The TDI Taxable Wage Base for employers-only is $36,200 – a slight increase from 2020’s $35,300. The 2021 disability tax rate for employees rises to 0.47% of taxable wages, up from 0.26%. The tax rate for existing employers for thestate
SURGING LUMBER PRICES BOOST NEW HOME COSTS The meteoric rise in lumber prices over the past 12 months has added $35,872 to the average cost of a new single-family home, according to the National Association of Home Builders. Now economists are predicting that lumber shortages and high prices will continue for another year or two. Experts say supply and demand is at the root ofthe problem.
NJBC TOWN HALL: EXPANDING UNEMPLOYMENT BENEFITS HAS LED TO A landscaping contractor says that bonus unemployment payments has job applicants asking to be hired 'off the books' so they can keep collecting benefits. NJBIA HEALTHY BUSINESS CERTIFICATION We are pleased to announce our new partnership with Hackensack Meridian Health to enhance our already popular online Healthy Business Certification.. Businesses not only learn best practices and develop policies and procedures for a healthy and safe workplace, they now have access to healthcare experts from Hackensack Meridian Health’s tier-one, Keeping America Safe Program. EMPLOYEE INFECTIOUS DISEASE TRAINING Employee Infectious Disease Training provides need-to-know information about how to safely work during an outbreak, epidemic or pandemic. Your employees will understand best practices on how to operate making sure everyone stays safe, healthy and confident about your business. This online course is 45 minutes and can be taken at the employee IT'S OFFICIAL: NJ REBATES AVAILABLE FOR ELECTRIC CARS This will result in varying incentive amounts, for example: * A fully electric car with 200 miles of electric range or more will qualify for a $5,000 rebate. * A hybrid electric car with 20 miles of electric range will qualify for a $500 rebate. The bill also codifies the Murphy Administration’s goal of 330,000 registered light-dutyelectric
WORKERS COMPENSATION AND LEAVES OF ABSENCE EXPLAINED Workers who file for temporary disability benefits receive 70 percent of their average weekly wage up to a maximum $921 a week. That $921 figure represents 70 percent of the state average weekly wage ($1,228.25), and injured workers who normally earn more than that amount still max out at $921. NJEDA PHASE 2 EMERGENCY LOANS TO PRIORITIZE SMALL 16 hours ago · The New Jersey Economic Development Authority (NJEDA) board this week approved an update to Phase 2 of the Small Business Emergency Assistance Loan Program, which will provide up to $100,000 in low-cost financing to New Jersey small businesses and nonprofits. NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY GRANT PACKAGES Dear Member: I’m very happy to bring you some good news this morning. The New Jersey Economic Development Authority just approved and announced a package of grant and loan programs for small- and mid-sized businesses and non-profits hit hard by the coronaviruscrisis.
SHOULD YOU LET VACCINATED EMPLOYEES REMOVE MASKS AT WORK New Jersey businesses can now allow vaccinated employees to remove their masks at work, under the state’s latest COVID-19 guidance. However, employers who do so should prepare for the challenges this policy creates, lawyers say. During a recent NJBIA webinar, attorneys from Greenwald-Doherty, a law firm that advises employers on HR-related legal needs, discussed the NJBC TOWN HALL: EXPANDING UNEMPLOYMENT BENEFITS HAS LED TO A landscaping contractor says that bonus unemployment payments has job applicants asking to be hired 'off the books' so they can keep collecting benefits. LALEVEE DISCUSSES COVID-19'S LONG-TERM IMPACT ON NJ'S 1 day ago · Steve Adubato sits down with Greg Lalevee, business manager, International Union of Operating Engineers Local 825, to discuss Gateway tunnel project’s importance to the region’s economy, the Biden administration’s approach to infrastructure compared to that of the Trump administration, and the long-term impact of COVID-19 on the New Jersey’s infrastructure. SBA LAUNCHES 6TH ANNUAL GROWTH ACCELERATOR FUND The U.S. Small Business Administration has announced its 6th Annual Growth Accelerator Fund Competition that includes a new component aimed at spurring investment in underrepresented communities within the innovation economy.. The 2021 Growth Accelerator Fund Competition (GAFC) and Small Business Innovation Research (SBIR) Catalyst programs will recognize the nation’s most EMPLOYEE INFECTIOUS DISEASE TRAINING Employee Infectious Disease Training provides need-to-know information about how to safely work during an outbreak, epidemic or pandemic. Your employees will understand best practices on how to operate making sure everyone stays safe, healthy and confident about your business. This online course is 45 minutes and can be taken at the employee BUSINESS GROUPS WARN SENATE BILL WILL OPEN FLOODGATES ON 18 hours ago · The New Jersey Business & Industry Association and other groups on Thursday opposed a bill that they warned overreaches in its attempt to expand the threshold for bringing litigation for harassment and discrimination in the workplace. Bill S-3352, which was before the Senate Labor Committee, also removes an employer’s ability to take preventative measures to NJBIA TESTIFIES IN SUPPORT OF SCHOOL REGIONALIZATION BILL 1 day ago · New Jersey Business & Industry Association. 10 West Lafayette Street Trenton, NJ 08608-2002. Tel: 609-393-7707 SURVEY: OVER 50% OF CPAS HAVE ADVISED INDIVIDUALS 1 day ago · More than 50% of certified public accountants surveyed recently by the New Jersey Society of CPAs reported that they have advised an individual or business to leave New Jersey because of the high cost of living and doing business here.. The NJCPA survey, sponsored by Provident Bank, was conducted in May to gauge how accountants view both the national and New Jersey economies.Hide Unhide
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