Your Success is Our Business!

The latest edition of the Chamber newsletter is now ready!  Read it online at https://salemcountychamber.com/chamber-newsletter/

Join us for July’s General Membership Luncheon at Riverview Inn.

Our topic this month is “Workforce Development” presented by the Cumberland/Salem Workforce Investment Team led by Christi DiLeonardo.

Date: July 10th, 2019
Time: 12:00
Location: Riverview Inn 60 Main St. Pennsville, NJ 08070 Date: July 10th, 2019
Price: $30.00 per person

RSVP No Later than July 3rd
Tickets and Reservations can also be made by visiting our website or via email at brit@salemcountychamber.com

CLICK HERE TO DOWNLOAD RSVP FORM PDF

Join us for a lovely morning coffee networking event in the garden at Morning Star Daylilies in Mannington Township.

Date: Thursday, July 18th
Time: 8:00 AM – 10:00 AM
Location: Morning Star Daylillies – 105 Oeschle Rd. Wodstown, NJ 08098

Mary Burgents, owner of Morning Star Daylilies invites us to peruse the grounds of her farm while enjoying coffee, refreshments and great networking. Mary breeds unique, award winning varieties of daylilies. You will be amazed at the beautiful colors of the blooms. As the gardens will be in full bloom, you’ll be able to appreciate their beauty.

PLEASE RSVP
To ensure adequate refreshments created by our gracious Hostess, Mary Burgents, Owner of Morning Star Daylilies, please RSVP your intention to attend to Brittany Vanaman at Brit@SalemCountyChamber.com or at 856-351-2244

CLICK HERE TO DOWNLOAD FLIER PDF

SBA Economic Injury Disaster Loans Available for Combined Effects of Excessive Rain, Flooding, Hurricanes Florence and Michael Following Secretary of Agriculture Disaster Declaration for New Jersey

CLICK HERE TO DOWNLOAD NEWS RELEASE PDF

The U.S. Small Business Administration announced today that Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations located in Cumberland, Gloucester and Salem counties in New Jersey as a result of the combined effects of excessive rain, flooding, hurricanes Florence and Michael from June 14 through Nov. 29, 2018.

“These counties are eligible because they are contiguous to one or more primary counties in Delaware. The Small Business Administration recognizes that disasters do not usually stop at county or state lines. For that reason, counties adjacent to primary counties named in the declaration are included,” said Kem Fleming, director of SBA’s Field Operations Center East.

Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers and ranchers.

The loan amount can be up to $2 million with interest rates of 2.5 percent for private nonprofit organizations of all sizes and 3.61 percent for small businesses, with terms up to 30 years. The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at Disasterloan.sba.gov.

Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov. Loan applications can be downloaded from Disasterloan.sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

Submit completed loan applications to SBA no later than Oct. 21, 2019.

About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

As you are aware, Governor Murphy signed a new minimum wage law this week.

Here’s what you need to know:

♦  July 1, 2019 minimum wage rate increases to $10/hour

♦  January 1, 2020 minimum wage rate increases again to $11/hour

♦  January 1, 2024 minimum wage rate will be $15/hour

♦  Seasonal businesses and businesses with less than 6 employees will have a longer phase-in time to reach $15/hour by the year 2026.

♦  Agricultural workers’ minimum wage rate will rise to $12.50/hour by 2024, but no higher without review by the NJ Dept of Labor & Workforce, and with legislative approval.

♦  Training wages are allowed for new employees. A sub-minimum wage rate may be paid for the first 120 hours of work, but can not be less than 90% of the current minimum wage.

♦  Tipped wages will increase from $2.13/hour to $5.13/hour. Wage plus tips must equal the current hourly minimum wage rate.