With pandemic orders ending and vaccination rates climbing, New Jersey and New York will continue to search for the New Normal. Many are looking forward to the Summer season with less restrictions, but others such as the unemployed and landlords facing record levels of rent non-payment will continue to search for paths forward with the myriad of different plans being put forth to help local economies emerge from lockdown. One thing is certain, many businesses – large and small – have already not made it through the tough economic times and shuttered. Others are clinging to lifelines hoping that State leaders will navigate an equitable path forward. The economic landscape has permanently changed through the pandemic, and many trends, such as the decline of retail and the rise of remote work have accelerated. While pandemic orders ending are a good sign, much work remains to be done to reverse trends that existed even before the pandemic started and that saw an exodus of businesses to more business-friendly states. The choices made now by State leaders will determine the future of the New Jersey and New York economies for years to come. For businesses new and old, let’s hope they make wise ones.
“New Jersey lawmakers are pressing to prevent an expected flood of evictions and foreclosures for nonpayment of rent or mortgages during the COVID-19 pandemic. Evictions have been legally on hold under an executive order from Gov. Phil Murphy. But that protection expires two months after the end of the public health emergency he declared to deal with the pandemic. That health emergency will end soon after Murphy and top Democrats in the Legislatures passed a bill Thursday to end nearly all of the executive orders he issued during the pandemic.”
Read: Most pandemic orders will end, ban on evictions remains at NJSpotlight
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 or (646) 389-2946 for a free consultation.
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