Check out top news from our members for February 2021.
SBA Extends Physical Disaster Loan Deadline to March 18 in Pennsylvania
The U.S. Small Business Administration (SBA) has extended the deadline for businesses of all sizes, private nonprofit organizations, homeowners and renters to apply for a physical disaster loan to March 18. Anyone in the declared counties in Pennsylvania with damages caused by Tropical Storm Isaias on Aug. 4, 2020, should apply for the disaster loan program.
The declaration covers Berks and Philadelphia counties, and the adjacent counties of Bucks, Chester, Delaware, Lancaster, Lebanon, Lehigh, Montgomery and Schuylkill in Pennsylvania; and Burlington, Camden and Gloucester in New Jersey.
Businesses and nonprofit organizations may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.
Franklin Bank President/CEO, Mark V. Edwards, Celebrates A Forty-Year Career Milestone
Franklin Bank Board of Directors are pleased to recognize the 40th work anniversary of current bank President/CEO, Mark V. Edwards. On March 9, 1981, Edwards began his career at Franklin as an Accountant and advanced through the ranks, resulting in his recent appointment in April of 2020.
Board Chairman, Dr. Peter B. Contini said this about Edwards “Over his 40 years of service, Mark has not only demonstrated strong knowledge and skills, but also a deep commitment to the success of Franklin Bank. Now as President/CEO he has taken these experiences and established himself as an extraordinary leader.”
Edwards holds a BA in Business Administration and is a 1980 Graduate of Gettysburg College. He currently serves on the Salem Community College Foundation Board and is President of the Lawnside Cemetery in Woodstown. Edwards is also a member of the Philadelphia Chapter of Financial Managers Society Inc. and served as past President in 2000/2001. Additionally, he is an active and proud volunteer for the Disciples Food Pantry.
Comcast RISE Opens Applications for Business & Marketing Services
Comcast RISE was created to invest in the success of small businesses owned by Black, Indigenous and People of Color (BIPOC) by providing valuable and practical support. On November 24, Comcast announced the first round of Comcast RISE award recipients —over 700 businesses are receiving consulting, media and creative production services from Effectv, the advertising sales division of Comcast Cable, or technology upgrades from Comcast Business, based on their specific needs.
Recipients in 285 cities in 29 states included a diverse roster of small businesses from restaurants and salons, to professional services and retail shops. One of these businesses is located in Gloucester County – Growth Hair Salon by Naeemah in Turnersville.
In addition, 3,300 small businesses have already signed up to receive the Comcast RISE monthly newsletter, which offers free marketing insights and resources.
The next wave of applications for Comcast RISE business and marketing services awards opened on Feb. 8, 2021, and will close on May 7, 2021. For more information and to sign up for the newsletter, visit www.comcastrise.com
SJI, South Jersey Gas and Elizabethtown Gas Show Community Commitment with Giving Initiatives
South Jersey Industries is proud to reflect on 2020 as a year of support and giving to local communities during unprecedented times marked by a global health pandemic, significant economic contraction in our State and strained resources for social services organizations.
SJI and its utility companies, South Jersey Gas and Elizabethtown Gas, provided more than half a million dollars to local communities, including $100,000 to organizations that directly addressed the healthcare, social and economic impacts of COVID-19 on New Jersey’s most vulnerable populations.
To continue the advancement of our local economy, South Jersey Gas and Elizabethtown Gas maintained support of several organizations committed to serving New Jersey’s small businesses, including the Gloucester County Chamber of Commerce.
Click here to learn more about the several organizations they supported in 2020.
Governor Murphy Expands Small Business Lease Assistance Grant Program by $5 Million
Governor Phil Murphy today announced an additional $5 million has been allocated to the Small Business Lease – Emergency Assistance Grant Program (SBL-EAGP), which allows businesses in 64 legislatively designated municipalities to apply for grants of up to $10,000 for lease costs.
The program, which has already allocated $10 million to roughly 1,000 businesses, assists small business owners impacted by the COVID-19 pandemic.
“This program has helped nearly 1,000 small business owners pay their leases during the unprecedented economic fallout from COVID-19,” said Governor Murphy. “The Small Business Lease – Emergency Assistance Grant program is one of many we have stood up over the past year in an effort to help small businesses weather this storm.”