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Corner Office: Executive Q&A
How do you think the South Jersey business community will bounce back from this pandemic?

by Daniel Sulpizio and Joe Tredinnick

Daniel Sulpizio
Executive vice president, South Jersey Federal Credit Union
“South Jersey business owners are strong and dedicated to their customers and communities. I have no doubt in mind we will see that “Jersey Strong” attitude shine through. I have seen business owners think outside the box to keep their businesses afloat. Many have had to reinvent themselves and their strategy and implement new ideas. Will this be easy for them? Will it happen quickly? No, but I am confident it will happen.”
 
Joe Tredinnick
Market president, Republic Bank
“The coronavirus pandemic has completely changed how we live our lives. People are eager for a sense of normalcy. When it is safe for businesses to reopen? I believe we will see a measured and important return to “normal.” The impact over the past six weeks has been significant, so we should expect recovery to be slow, but steady. Our community must rally around businesses and support them as they continue to weather this storm.”
 
BREAKDOWN
Since March 14, 22 million Americans have filed for unemployment benefits--making up roughly 13.5 percent of the labor force. As of mid-April, 429,000 New Jersey residents are receiving unemployment benefits.
 
On April 16, the Small Business Association ran out of the $349 million for the Paycheck Protection Program.

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Published (and copyrighted) in South Jersey Biz, Volume 10, Issue 4 (April 2020).

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