Small Businesses Resources
MINIMUM WAGE INCREASE
On January 1, 2023, New Jersey’s statewide minimum wage has increased to $14.13 per hour for most employees. Annual increases in the minimum wage are due to legislation signed by Governor Murphy in February 2019 that raises the wage floor to $15 per hour by 2024 for most employees. Under the law, the minimum wage increases by $1 per hour – or more if warranted because of significant increases in the Consumer Price Index (CPI), as happened this year.
In an effort to keep our town and businesses looking beautiful, please find below some tips on keeping your property clean as well as a Clean Communities Litter Prevention Guide distributed by NJClean.org
SMALL BUSINESS LEASE GRANT
The NJEDA is still accepting applications for the Small Business Lease Grant. This grant supports the growth and success of small businesses and nonprofits by providing grant funding to cover a portion of lease payments.
NJEDA NEW PILOT PROGRAM
The New Jersey Economic Development Authority (NJEDA) launched a $1 million pilot program this week that will provide free e-commerce and digital marketing consulting services to small businesses across New Jersey to help them adapt to the growing e-commerce economy, which has grown since the start of the pandemic.
IRS GENERAL INFORMATION
The Internal Revenue Service today reminded retirees who turned 72 during 2022 that, in most cases, Sunday, April 1, 2023, is the last day to begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s, and similar workplace retirement plans.
SCORE NJ BUSINESS PITCH PROGRAM
SCORE is introducing the SCORE NJ Business Pitch Program for women-owned businesses including start-ups and existing businesses. The purpose of this program is to award two $4,000 Grants to women-owned businesses or start-ups in New Jersey.