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SJBiz_BizInBrief_8_20_BizInBrief 8 / 21 / 20 11 : 54 AM Page 1 biz I BUSINESS NEWS FROM AROUND SOUTH JERSEY Edited By Deanna Pineiro and Julie Shannon The New Jersey Economic Development Authority will begin accepting applications for its expanded Micro Business Loan Pro - gram . Small businesses or nonprofit organ - izations with 10 or fewer full - time employees and annual revenues of no more than $ 1.5 million are eligible for financing up to $ 50,000 . Spring Hills Cherry Hill has requested township approval for a 64 - bed addition that would be dedicated for Alzheimer's patients . The Tractor Supply Co . has proposed a 19,000 - square - foot store on a six - acre site on Route 73 and Jackson Road in Berlin Township . The city of Woodbury has received a $ 100,000 Transform South Jersey grant from the Community Foundation of South Jer - sey . High Place Church in Merchantville pur - chased the former Danzeisen & Quigley store , a 33,000 - square - foot building on Route 70 in Cherry Hill . WCRE was the ex - clusive agent for the deal . Rutgers University - Camden has received a $ 2.2 million grant from the National Insti - tutes of Health in support of its medical re - search on preventing medial toxicity in new medications . The New Jersey Department of Trans - portation , through the New Jersey Trans - portation Trust Fund , granted $ 161.25 million in county aid to the state’s 21 counties . This money will be equally distributed be - tween each county to help improve their infrastructure . In light of the COVID - 19 pandemic , Rowan College of South Jersey is waiving its setup fees and reimbursing students who were already charged . The South Jersey Transportation Authority voted to use $ 16 million in reserve funds in response to COVID - 19 revenue reductions . The board accepted a $ 7.9 million federal CARES Act grant that would also help the COVID - 19 downturn . 36 | SOUTH JERSEY BIZ | VOLUME 10 issue 8 | SouthJerseyBiz.net
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SJBiz_BizInBrief_8_20_BizInBrief 8 / 21 / 20 11 : 54 AM Page 2 INbrief Dick’s Sporting Goods is relocating its current Deptford store on Almonesson Road to the Deptford Mall . The company is also planning on opening 10 new locations throughout the U.S . Mount Laurel - based Pinnacle Treatment Center acquired one of Georgia’s treatment companies , HealthQwest . Installation of more than 50,000 solar panels has begun for a massive energy project in - tended to slash electricity costs for the PATCO Hi - Speedline and its parent or - ganization . With health risks being too high , Princeton University changed its original plan of having some students on campus to going fully remote for the fall semester . Lord & Taylor is closing 19 stores after filing for bankruptcy due to ramifications from the COVID - 19 pandemic . The U.S . Department of Housing and Ur - ban Development ( HUD ) granted New Jersey $ 6.9 million to support lower - income individuals living with disabilities Additionally , the state received $ 18.5 million from HUD to help low - income families keep their houses amid the pandemic . Vantage Real Estate Services ( RES ) rep - resented the following businesses in recent transactions : • Dessert Soiree in the signing of a lease at Liberty Town Center , 412 Sicklerville Road in Sicklerville . • Mindful Soul Center for Wellbeing in the purchase of an office building in Haddon Heights . • O’Donnell Orthopaedics in the signing of a long - term medical office lease at South Jersey Medical Center , 1401 Route 70 in Cherry Hill . German grocery chain Lidl is looking to ex - pand in South Jersey and wants to build a 31,000 - square - foot store at the Black Horse Pike and Lakeland Road in Gloucester Town - ship . Moorestown’s planning board will consider Heritage Village at Moorestown , a pro - posed 82 - unit , three - story affordable housing apartment on Centerton Road . Wolf Commercial Real Estate ( WCRE ) rep - resented Stratford Classical Christian Acad - SouthJerseyBiz.net | VOLUME 10 issue 8 | SOUTH JERSEY BIZ | 37
