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New Jersey to invest additional $100M into state’s economic recovery

Gov. Phil Murphy announced that an additional $100 million in funding will be invested into the state’s economic recovery.

News 12 Staff

Oct 13, 2020, 10:14 PM

Updated 1,347 days ago

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Gov. Phil Murphy announced that an additional $100 million in funding will be invested into the state’s economic recovery.
The governor said at a news conference on Monday that $70 million will be going to restaurants and small businesses impacted by the COVID-19 pandemic. Small businesses will also get $10 million to help purchase PPE. Another $15 million will go to support renters, and $5 million will go to support hunger relief efforts such as food banks.
"In other words, we are ready to help business not just get through this unprecedented time, but emerge primed and ready for growth,” Murphy said. "All of this will help us keep our economy moving ahead and our families working, even as we continue our work to not only defeat the virus, but deliver more critical aid to our families and small businesses.”
The governor said that on top of that $100 million, the Department of Human Services unveiled $12 million in rental and mortgage assistance for eligible households.
State health officials say that New Jersey saw 993 new positive COVID-19 cases on Tuesday, along with seven additional deaths. The rate of transmission is holding steady at 1.16.
Hospitalizations remain elevated at 649 patients, 160 of which are in intensive care. There are 58 patients on ventilators.
Ocean County remains on the top of the list of most infected, with 122 new cases announced on Tuesday.


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