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Bill > S2447


NJ S2447

NJ S2447
Appropriates $30 million to EDA from federal "Coronavirus Relief Fund" to assist certain live entertainment venues.


summary

Introduced
02/05/2024
In Committee
02/05/2024
Crossed Over
Passed
Dead

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill appropriates $30 million to the New Jersey Economic Development Authority from a portion of those federal block grant funds allocated to the State from the federal "Coronavirus Relief Fund," established pursuant to the federal "Coronavirus Aid, Relief, and Economic Security (CARES) Act," Pub.L.116-136, for use by the EDA to provide financial support, by way of loans or grants, to food establishments for costs associated with business operation interruptions caused by Executive Order No. 158. Over the past four months, the State has been confronting the viral disease known as coronavirus 2019 disease (COVID-19), which has necessitated certain emergency measures to curtail its spread. As part of these measures, on March 21, 2020, the Governor signed Executive Order No. 107, which directed all residents to stay at home until further notice and closed all non-essential businesses to the public. This order affected thousands of businesses and especially food establishments, some of whom shuttered their doors permanently. In the months following this order, subsequent orders have been signed lifting these restrictions as cases of COVID-19 have fallen, and since June 15, 2020, food establishments have been able to offer outdoor dining service, which has helped recoup some of their losses. In light of this progress, on June 26, 2020, the Governor, as part of his administration's reopening plan, signed Executive Order No. 157, which allowed food establishments to offer indoor dining service, with limitations. This order, originally scheduled to go into effect on July 2, was a source of added relief for food establishments who were struggling financially, even after the reopening of outdoor dining. Yet, with hospitalizations for COVID-19 having fallen 90 percent since April, and with the State on track to contain the disease, the Governor reversed his decision to reopen indoor dining, citing a rise in COVID-19 cases in other states. This decision, formalized under Executive Order No. 158, severely affected food establishments who hired additional staff and equipment in anticipation of reopening, and may lead some establishments to close permanently. Under this bill, $30 million will be allocated to the EDA from the "Coronavirus Relief Fund" in order to financially support food establishments impacted by Executive Order No. 158. By providing this support, an important part of our State's economy and culture will be protected.

AI Summary

This bill appropriates $30 million from the federal "Coronavirus Relief Fund," established under the CARES Act, to the New Jersey Economic Development Authority (EDA) to provide financial support, in the form of grants, to live entertainment venues for costs associated with business interruptions caused by the COVID-19 pandemic. The bill excludes commercial establishments that regularly feature live performances characterized by the exposure of specified anatomical areas or sexual activities. The EDA is required to adopt rules and regulations to implement the provisions of the bill, which will take effect immediately.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Economic Growth Committee (on 02/05/2024)

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