The Daily Update: Thursday, April 23, 2020

• Stay Positive – “If opportunity doesn’t knock, build a door,” Milton Berle

• News – AT&T and the AT&T Foundation Donate $150,000 for Food Programs – As a way to thank medical and emergency personnel – and to support local restaurants in the Garden State – AT&T and the New Jersey Restaurant and Hospitality Association (NJRHA)…- Click Here For More

• Resource – Where did the money go – The SBA has released data showing where the 349B of funds were ultimately allocated. There is a lot to unpack here but some interesting conclusions to draw are the following
  • Average loan size: $206k
  • Average loans processed per lender over the 2 week period: 333
  • Most loans approved: Texas
  • Most dollars approved: California
  • 74% of loans were under $150k
  • 21% of loans were between $150k and $1M
  • Construction received the most loan proceeds in terms of dollars
• Professional, “scientific” and “technical” services had the most approved loans…Overview Courtesy of Withum

• Virtual Event – NJSBDC Rutgers New Brunswick: Explore Business Ownership Opportunities – Today, Thursday, April 23rd, 10 AM  – Click Here To Register

• Support a Local Business – South Brunswick – Patch’s Local Business Directory is a Free Directory for Local Businesses and the Communities They Serve – Click Here For Details

• Chamber Event –Virtual Networking Breakfast – Designed to Provide an Opportunity to Network, Develop New Connections and Grow Your Business. – Tomorrow, Friday, April 24th at 9 AM – Click Here To Register

• Donate – Robert Wood Johnson University Hospital Blood Services: – COVID-19 Convalescent Plasma Donor Information – Click Here To Donate

• Question of the Week: 30 minutes a day of reading can alter your life and your career. What are you reading? When are you prioritizing reading into your schedule?

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