Expanded Capacity and PPP Loan Update

Expanded Capacity for Sports, Entertainment Venues, and Religious Events

Effective March 1st at 6 a.m., large venues, including sports and entertainment venues, with a fixed seating capacity of 5,000 or more are permitted to host events at 10% capacity indoors and 15% capacity outdoors. High school and collegiate sports events can now have up to 2 parents or guardians attend per athlete, but may not exceed 35% of a room’s capacity. Houses of worship and religious services can now operate at 50% capacity. Read more on expanded capacity on business.nj.gov.

PPP Loans Now Open to Businesses Under 20 Employees

Beginning Wednesday, February 24th, small businesses with fewer than 20 employees will have 14 days of exclusive access to the Payment Protection Program application. If you receive a loan, it may be fully forgiven if all employees are kept on payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. Visit the Small Business Association website for more information.

 

Leave a Reply