Archive for Uncategorized

NJBIA Criticizes Decision to Raise Income Taxes as Policymakers Confirm They Weren’t Needed to Fill Budget Gaps

This tax increase in exchange for suggested middle class relief is a gimmick that further verifies what we have said all along – increased taxes were always completely unnecessary as part of the FY2021 budget that already includes billions in bonding.   We note that the relief tied to this tax increase is undermined by other non-budget hikes for tolls and gas and other proposed taxes in the budget. Our taxpayers need real tax reform that includes property tax relief, while this does not really improve our overall affordability crisis or remove us from the edge of our fiscal cliff.   It does not get to the root causes of our lost $24 billion in net adjusted gross income over the a 12-year span. It incentivizes those who can live anywhere and work remotely,... Read More

Virtual Fall Block Party!

Even though the Annual Ocean City Fall Block Party may be cancelled, that doesn't mean that you can't shop from home! The Block Party is going virtual! October 9th thru 11th you can SHOP LOCAL from your own home! Store specials will be posted below and you can shop online or shop in person! ... Read More

Action Alert – NJ Business Coalition Priorities for Congressional Delegation

Your action is requested. We encourage you all to call our delegation members asap. DC and NJ contact info is below. Talking points are below and/or reference the letter (click here) when you reach out to our delegation members. NJ Business Coalition Priorities for Congressional Delegation ·     Federal Assistance ·     New Jersey faces an unprecedented budget shortfall and, without federal assistance, the state will likely take action that would damage the state’s economic prospects including cutting costs by reducing expenditures on services our businesses rely on, increasing taxes on businesses and families, and borrowing billions of dollars. ·     Legislation such as the SMART Act, sponsored by our own Sen. Robert Menendez (D-NJ) and Congresswoman Mikie Sherrill (D-NJ), which would allocate $500 billion to state and local governments, would help the state replace lost revenue and reduce the... Read More

Return to Work Guidelines from NJDOL

We just received the below information from the NJ Department of Labor regarding guidance for returning to work. The Commissioner will be unveiling this at the Governor’s press conference today. Return to Work Guidelines FAQs for Employers General FAQs: Read More

Governor Murphy – Open Our Businesses

Please Help Us Urge Governor Phil Murphy to Fully Open Boardwalk Businesses! We are working with Ocean City Boardwalk Merchants Association to urge the Governor to fully open Ocean City businesses. Strength comes in numbers! Please take a few seconds to support this petition. Thank you! Sign the Petition... Read More

Update on Reopening and Recovery Plan

The Chamber previously released the Ocean City, NJ Reopening and Recovery Plan, which was derived from the comprehensive feedback of more than 100 Ocean City business owners. The plan has been updated with survey results. Please click the button below to read the plan. Click Here to Read the OCNJ Reopening and Recovery Plan... Read More

Governor Murphy – Open our Attractions!

Help us persuade Governor Murphy to open our amusements and attractions. Please share on your social media pages and tag Governor Murphy. When you post, please use the following to get the attention out there: Twitter: @govmurphy FB - Governor Phil Murphy Instagram- #guvmurphy or @govmurphy ... Read More

Help us urge Governor Murphy to Open Swimming Pools

Please Help Us Urge Governor Phil Murphy to Open Swimming Pools! Hello, We are working with Greater Wildwood Chamber of Commerce to urge the Governor to open public swimming pools. Strength comes in numbers! Please take a few seconds to support this petition. Thank you! Sign the Petition ... Read More

Update on PPP

We are very pleased to report that by unanimous consent (no debate, no roll-call vote), the Senate just approved H.R. 7010, the Paycheck Protection Flexibility Act. As you know, this bill will make a number of retroactive improvements to the PPP, including: 24-week covered period (instead of 8) 60/40 split (instead of 75/25) Loan forgiveness still possible if FTEs won’t come back, or if revenue in December is below Feb 2020 levels. Five year loan-repayment terms for future PPP loans Payroll tax deferment restored An analysis of how the bill would change PPP for current users can be found here. We expect it will be signed into law by the president very soon. As noted last week, getting the Senate to agree to anything unanimously is a challenge these days – and the unrest of this week raised the bar significantly. The... Read More