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Businesses slammed by COVID-19 get some breaks from NJEDA mandates

New Initiatives to Support Businesses Impacted by COVID-19 

The New Jersey Economic Development Authority (NJEDA) announced a suite of new programs to support businesses and workers facing economic hardship due to the outbreak of the novel coronavirus COVID-19.  The new initiatives include:  

Small Business Emergency Assistance Grant Program – A $5 million program that will provide grants up to $5,000 to small businesses in retail, arts, entertainment, recreation, accommodation, food service, repair, maintenance, personal, and laundry services to stabilize their operations and reduce the need for layoffs or furloughs. Small Business Emergency Assistance Loan Program – A $10 million program that will provide working capital loans of up to $100,000 to businesses with less than $5 million in revenues. Loans made through the program will have ten-year terms with zero percent for the first five years, then resetting to the EDA’s prevailing floor rate (capped at 3.00%) for the remaining five years. Community Development Finance Institution (CDFI) Emergency Loan Loss Reserve Fund – A $10 million capital reserve fund to take a first loss position on CDFI loans that provide low interest capital to micro businesses. This will allow CDFIs to withstand loan defaults due to the outbreak, which will allow them to provide more loans at lower interest rates to microbusinesses affected by the outbreak. READ MORE

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More Information Resources for Small Businesses Compiled by Main Street Highland Park

Funding Programs & Business Support for businesses affected by COVID-19

The Small Business Administration’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses. Learn more. Facebook is offering $100M in cash grants and ad credits through their Small Business Grants Program. Learn more. JPMorgan pledged $50 million global philanthropic commitment to support communities and people hit hardest by this public health crisis, including $2 million to existing nonprofit partners and $8 million to assist small businesses. READ MORE

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Updates from Main Street HP: May 3 HP 5K and Street Fair Felled by COVID-19; Support Farmers Market Vendors and Local Merchants

HP 5k Race & Street Fair Update We are very sad to say that due to COVID-19 concerns and uncertainty, we be postponing the annual Highland Park 5k race and Spring Street Fair on Sunday May 3, 2020. Please email mainstreethighlandpark@gmail.com to be put on our mailing list for rescheduling updates. Updates will also be posted on our website. Farmers Market Update We’re not in season yet, but our vendors are still in business. You can click here to see some online shopping options from some of our market vendors. READ MORE

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Cheers to 100 Years: Join Pino’s Celebration of a Century in Highland Park on Feb. 14

Appropriate for Valentine’s Day, Highland Park is celebrating the 100th anniversary of its love affair with Pino’s. Everyone is invited to celebrate Highland Park’s entertainment “heart,” watering hole, living room, live music venue, and gift basket shop and wine cellar on Friday February 14, 2020, 7 p.m. to 11 p.m., 13 North Fourth Avenue. The event will be a tribute to the history of Highland Park and the 100-year journey of Pino’s. At the event, Pino’s will debut their 100-Year-Anniversary
cocktail menu, featuring a Highland Park Scotch tasting and Birnn Chocolate
pairing for just $10, plus Highland Park chocolate whiskey cupcakes, live music
with Rouvan and imagery/artifacts provided by the Highland Park Historical
Society. Aside from its great selection of beers, wines, and gifts,
Pino’s is Highland Park’s de facto gathering spot in all weather, indoors and
outdoors; it is part of the fabric of the community. READ MORE

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Celebrate and Support the Highland Park Retail Community – and Bring Joy to Everyone

Don’t Miss the Fun! Small Business Weekend in Highland Park
Saturday Nov 30 & Sunday Dec 1

SMALL BUSINESS DEALS & DISCOUNTS
Follow our Small Business page — Highland Park’s business deals, discounts, and events will be posted on our page! HOLIDAY ARTISAN MARKET
Saturday 11/30, 12 pm – 7 pm & Sunday 12/1, 12 pm – 4 pm
212 Raritan Ave
Vendors, live music, photos with Santa, caroling, food trucks, and a gingerbread house contest

TREE LIGHTING
Saturday 11/30, 6 pm – 7 pm
212 Raritan Ave
Live music, caroling, hot chocolate…and Santa on the Highland Park fire truck! FREE MOVIE: STAR WARS
Saturday 11/30, 8 pm
Inside Pino’s, 4 North 4th Ave
The Highland Park Outdoor Movie Theater is delighted to present the original theatrical release of STAR WARS! CENTRAL JERSEY POP-UP FLEA MARKET
Saturday 11/30, 10 am – 7 pm & Sunday 12/1, 10 am – 4 pm
431 Raritan Ave
Vendors, food trucks, and live music

MUSIC AROUND TOWN
Roving caroling courtesy of the Highland Park Community Chorus on Saturday & roving troubadour Dennis MC DoNoUgh! READ MORE

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Main Street HP Hosts Annual Meeting Nov. 14 to Highlight its Initiatives for a Vibrant Downtown

Please be advised that the Main Street Highland Park Annual Meeting will be held on Wednesday, November 14, 2018 at 6 p.m. at the Highland Park Senior/Youth Center, 220 S 6th Ave, Highland Park, NJ 08904. The public is welcome to attend to learn about and provide input to the strategies/initiatives for creating an exciting and sustainable Highland Park downtown environment. Main Street Highland Park (“MSHP”) is a non-profit community development organization that manages the downtown Business District for the benefit of the merchants, business owners  and residents of Highland Park. As a dedicated advocate for the downtown, Main Street leverages its budget resources and relationships on behalf of its constituent members to bring about change that would not otherwise be possible. Main Street Highland Park’s numerous programs improve the image of downtown Highland Park, focusing on its commercial assets, visual appeal, safety and desirability as a destination for business, for shopping, dining and fun. READ MORE

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