This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NJ Gov: Grants Will Help State Rebuild After Sandy

By ANGELA DELLI SANTI

WOODBRIDGE, N.J. (AP) â¿¿ New Jersey Gov. Chris Christie urged business owners Tuesday to take advantage of grants and training programs to help them get back on their feet after Superstorm Sandy.

The governor, who was the keynote speaker at the New Jersey Business and Industry Association's annual public policy forum, told 300 business leaders state and federal aid is in place and more is proposed that is geared specifically to businesses trying to recover from the October storm.

"I feel a little like I'm one of those guys on the infomercial," Christie joked to an appreciative crowd, as he detailed the available aid.

The U.S. Labor Department has allocated $15.6 million in National Emergency Grants to allow unemployed residents to be hired for post-storm cleanup work, hastening the process, Christie said.

"One of the ways people psychologically recover is to see the evidence of the storm leave their communities," Christie said. "If we're going to ask people to recover and have hope for tomorrow, we need to take away the painful reminders of what happened to us from their everyday sight."

The $60 billion Sandy relief package President Barack Obama submitted to Congress contains $2 billion in small business grants. The grants â¿¿ $25,000, $50,000 or $75,000 â¿¿ would help pizza parlors, liquor stores and ice cream stands repair damages, perhaps in time for summer, Christie said.

The governor said $26 million in grants from the state Labor and Workforce Development Department are for new worker training in post-Sandy jobs that there's a demand for in industries ranging from construction to landscaping to utilities.

Christie, who decided to seek re-election because he says he wants to lead the state through the storm rebuilding, sounded a lot like a candidate as he described the post-storm challenges.

"This is a moment of the greatest crisis that New Jersey has ever faced, and we've passed it with flying colors so far," Christie said. "Now we stand in front of the greatest challenge New Jersey has ever faced â¿¿ to rebuild the hopes, the dreams, the infrastructure, the homes, the businesses, the livelihoods of our citizens."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs