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NJEDA – The NJ Economic Development Authority’s Initiatives to Support Businesses Impacted by COVID-19 The package of initiatives includes a grant program for small businesses, a zero-interest loan program for mid-size companies, support for private-sector lenders and Community Development Financial Institutions (CDFIs), funding for entrepreneurs, and a variety of resources providing technical support and marketplace information. Click here for FAQs .

NJ BIZ – NJEDA Unveils Picks for Community Lender COVID-10 Business Relief Program – Each program is geared towards small businesses and micro-sized companies, which often have up to 10 employees. Read more.

NJ Realtors – IRS Extends Tax Deadlines

The IRS has issued guidance to grant deadline relief for 1031 like-kind exchanges and opportunity zone investments that are already underway.

· 1031 like-kind exchanges: If the first step has been taken and the deadline falls between April 1 and July 15, the deadline has been extended to July 15

· Opportunity Zones: If an investor who sold a capital asset planned to roll over the gain into an Opportunity Fund and the 180-day deadline to do so falls between April 1 and July 15, 2020, he or she can make the investment as late as July 15

Sole proprietors who pay their taxes quarterly have until July 15 to file their first and second quarter payment.

NJ Realtors – New Independent Contractor Guidance for Pandemic Unemployment Assistance

Last week, the NJ Department of Labor released new guidance for independent contractors applying for Pandemic Unemployment Assistance. Read more here.

There are two new guides to help you through the process:

· Frequently Asked Questions and Answers

· How to File a Pandemic Unemployment Assistance Claim

NJ BIZ – NJ Businesses Got More Than $9.5B in PPP Money NJ small businesses nabbed 33,519 of the 1.6 million loans nationwide through the Paycheck Protection Program created by the federal COVID-19 stimulus relief bill. Read more.

NJ BIZ – Report: South Jersey, Shore Likely to Feel COVID-19 Economic Pain Through 2020 Study reports global pandemic could hit large swathes of South Jersey far greater than the Great Recession did over a decade ago, and last through the end of this year. Read more.