Katherine Falcone – Councilwoman at Large KFalcone@MonroeTownshipNJ.org

I represent Monroe Township by participating in weekly calls communicating with Gloucester County’s Department of Economic Development. It is integral for our town to continue to communicate weekly so that we can remain on the same page and have accurate and timely information to share with businesses and non-profits. Monroe Township is working hard helping local businesses to stay safe and find resources to survive.

Here is a list of programs available now for Businesses.

(PPP) Paycheck Protection Program – Contact your local bank.

  • The federal government will be releasing the (PPP) Paycheck Protection Program on Friday, April 3 at 9 am. The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.
  • This program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits, interest on mortgages, rent, and utilities bills.  Fully forgiven funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required.
  • Starting Friday, April 3, 2020, small businesses and sole proprietorships will be able to apply. Starting April 10, 2020, independent contractors and self-employed individuals will be able to apply. We encourage businesses to apply as quickly as possible, as there will be a cap on funding.
  • The program is eligible is for small businesses with 500 or fewer employees, including nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors. *Businesses with more than 500 employees are eligible in certain industries

EIDL Program – Contact SBA.gov

  • In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.
  • The SBA’s Economic Injury Disaster Loan provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic.
  • This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19.
  • Businesses in certain industries may have more than 500 employees if they meet the SBA size standards for those industries.
  • The Economic Injury Disaster Loan advance funds will be made available within days of a successful application, and this loan advance will not have to be repaid.
  •  To apply for a COVID-19 Economic Injury Disaster Loan and loan advance, contact  https://covid19relief.sba.gov

NJEDA PROGRAMS – Contact –  https://cv.business.nj.gov/

The new initiatives emergency financial programs includes:

  • Small Business Emergency Assistance Grant Program – A $5 million program that will provide grants up to $5,000 to small businesses in retail, arts, entertainment, recreation, accommodation, food service, and other services – such as repair, maintenance, personal, and laundry services – to stabilize their operations and reduce the need for layoffs or furloughs.
  • Small Business Emergency Assistance Loan Program – A $10 million program that will provide working capital loans of up to $100,000 to businesses with less than $5 million in revenues. Loans made through the program will have ten-year terms with zero percent for the first five years, then resetting to the EDA’s prevailing floor rate (capped at 3.00%) for the remaining five years.



New Jersey Community Capital is pleased to launch the Garden State Relief Fund to meet the immediate needs of small businesses and nonprofits critically affected by the COVID-19 pandemic.

Program Highlights

  • Working capital loans to small businesses and nonprofits in New Jersey
  • 3% interest rate
  • Loan term up to 36 months
  • No fees

 NJ Department of Labor Links

  • The New Jersey Department of Labor has released more resources regarding the COVID-19 outbreak. Work-related questions and answers regarding COVID-19 can be found by visiting www.nj.gov/labor/covid
  • Jobs website https://jobs.covid19.nj.gov
  • There are over 625 companies and 50,000 jobs on this website

Unemployment Insurance

  • Last week 4733 new unemployment claims were received in Gloucester County for a three week total of 13,725. That is 2.2% New Jersey’s total new claims which is over 600,000 in this two week period. They assisted over 423 people by calls since March 18th.
  • Unemployment insurance has a two week backlog so it could  take claimants 2-3 weeks to get your checks
  • To file and unemployment claim please go online or call Unemployment Insurance at contact information
    • South New Jersey: 856-507-2340
    • Out-of-state claims: 888-795-6672 (you must call from a phone with an out-of-state area code)
  • The preferred method is to online at  https://myunemployment.nj.gov/labor/myunemployment/  (90% of claims are being filed online with minimal complications.


 Gloucester County Open for Business

The County has instituted a new program that will allow local business to input your name, location, website, business type, hour of operations and any take out, curbside pickup or delivery options they have available for the public. We call this dashboard “Gloucester County is Open for Business”.

To add your business click on the link https://arcg.is/1mmHTX

Please stay safe in these challenging times.


Katherine Falcone