More openings are the focus of New Jersey businesses. Unlike many other States around the country, New Jersey has maintained an intense lockdown level and slow pace of openings that has wreaked havoc of many domestic industries. Other States that have opened more widely have seen a much higher rate of economic recovery. While cases have risen in New Jersey even with its slow pace, like many other States hospitalizations and mortality are low as medical practitioners have made tremendous strides in infection management since the early days of the pandemic. Time will tell if New Jersey’s slow initial response and continued tight lockdowns will further delay the State’s recovery. For many businesses, time has already run out. Even with the lockdowns, New Jersey’s economy is buzzing and hiring is up, with New Jersey’s unemployment rate already below Great Recession levels. One can only imagine how low it would be if New Jersey followed the re-opening plans of other States who have managed safety while keeping economic recovery a priority.
“Bridget O’Brien said the child care industry is about to get pummeled. Again. “COVID is only the first punch,” O’Brien said. “Under the best conditions, we operate with very small margins, we are labor-intensive and we have substantial fixed costs. Some studies estimate as many as 70% of child care centers in the nation could close without intervention.”…Mark Bernard, general manager of the restaurant Charlie’s of Bay Head, said the order limiting indoor dining to 25% of restaurants’ capacity is crushing that industry. Alan Sobel, the president of the New Jersey Society of Certified Public Accountants, said the state’s “one-size-fits-all” approach hasn’t worked…”
Shared by Geoffrey G. Gussis, Esq., a business attorney and technology attorney licensed in New Jersey and New York. Learn more about me, the legal services I provide, and articles I have written. Contact: firstname.lastname@example.org or (732) 898-0549 for a free consultation.
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