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Mercer County, local officials come together to discuss use of American Rescue Plan federal funds
State legislators, Mercer County commissioners, Mercer County mayors and administrators gathered virtually to discuss their aspirations for federal funds from the $1.9 trillion American Rescue Plan Act.
Organized by the Capital City Area Black Caucus, the discussion on April 24 centered on how Mercer County government and municipal officials would hope and plan to utilize the federal funds. As of April 27, the U.S. Department of the Treasury has not provided specific guidance yet on how the federal funds can be used by the county and local municipalities.
Nonprofits Access Small Business Pandemic Loans
April 26, 2021
New Jersey Gov. Phil Murphy has signed a law authorizing nonprofits and small businesses to receive up to $15 million in coronavirus relief-related federal grants. The legislation, A. 5446, is part of a five-bill set that will provide up to $100 million in targeted aid to New Jersey enterprises and others suffering from the effects of the pandemic.
Under the terms of the new legislation, the New Jersey Economic Development Authority (NJEDA) is charged with distributing the funds to nonprofit organizations and businesses within the state, with an eye toward preventing further nonprofit organization and business closures, preserving and creating jobs and spurring economic recovery.