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One-In-Five NJ Small Businesses Anticipate Having to Lay off Employees in Next Six Months

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the staff of the Ridgewod blog

Ridgewood NJ, NFIB’s Research Center released the latest survey relating to COVID-19 and its impact on the small business economy. The majority of Paycheck Protection Program (PPP) borrowers have used all of their loans and are preparing to apply for forgiveness.

“Small businesses in NJ have reached their financial limitations,” said NFIB’s New Jersey State Director Eileen Kean. “Now is the time for New Jersey to use the $2-billion CARES Act money that has not yet been spent to help Main Street survive.”

Continue reading One-In-Five NJ Small Businesses Anticipate Having to Lay off Employees in Next Six Months