(TRENTON) – Assembly Democrats Vince Mazzeo (D-Atlantic), Roy Freiman (D-Somerset, Mercer, Middlesex, Hunterdon), Lisa Swain (D-Bergen, Passaic), Andrew Zwicker, (D- Somerset, Mercer, Middlesex, Hunterdon), John Armato (D-Atlantic), and Chris Tully (D-Bergen, Passaic) announced Friday plans to introduce to a $235 million bill package designed to aid small businesses throughout the state that have struggled as a result of the ongoing COVID-19 pandemic.
The sponsors issued the following joint statement:
“Small businesses are the backbone of New Jersey’s economy and assisting them as we reopen our state is paramount. We need to bolster our small business community in every way possible. Giving them the resources they need to survive and thrive is a win-win. As New Jersey returns to normalcy, we must ensure that everyone is well positioned for our inevitable recovery.”
Specifically, the funds would be allocated as follows:
• Microbusinesses: $120 million (Mazzeo)
• Bars and Restaurants: $20 million (Freiman)
• Child Care Facilities: $10 million ((Swain)
• New Businesses and Start-Ups: $25 million (Zwicker)
• Sustain and Serve: $10 million (Armato)
• Other Small Businesses: $50 million (Tully)