March 20, 2020

Dear Needleman Management Tenants,

We hope you, your closest ones, your staff and your clients are healthy and remain so.

COVID-19 is swiftly disrupting businesses and individuals.  It is important to us that we stay in touch, that we have each other’s back, and that we look after our common and community well-being.

AS OF MARCH 20, AT 12 NOON:

• Our buildings are not closed.  Opening and closing times will remain on the current schedules and keypad and FOB access are available after hours.
• US Postal mail service, Fedex and UPS services are still delivering/operating.    However, you may elect to temporarily change mail delivery to your home address.    https://www.change-mypostusaddress.website/us_post.jsp
• Needleman Management staff are working remotely and are available by phone and email. 
• In an effort to protect our Maintenance Technicians, we are currently physically responding only to emergency calls.  We are creating work orders for all non-emergency requests, which will be prioritized and addressed when able.

This information is subject to change, and we will update you as we have more information.

Following is an update on legislative efforts to support the business community.

This is not legal advice but our best efforts to summarize business-related critical information.

NJ State Efforts to Alleviate Economic Impact of COVID-19 New Jersey Businesses:

The following bills, by New Jersey State Legislature, have been sent Governor Phil Murphy which, if signed, would become law.

• A-3845/S-2284: Expands EDA Small Business Loan Program
  This bill authorizes the New Jersey Economic Development Authority (“EDA”) to provide grants during periods of emergency declared by the Governor, for the duration of economic disruptions due to the emergency.
• A-3846/S-2293: Creates “Temporary Lost Wage Unemployment Program.” 
  This bill allows employers to pay wages to workers ordered under quarantine and persons to claim for lost wages due to coronavirus disease 2019.  To qualify for payment from this fund employees must have lost wages as a result of missing work to care for a family member; the employee’s own sickness; the employer being closed; or missing work to care for a child after their school or childcare facility was closed, all related to the COVID-19 outbreak.  No individual shall receive benefits from the Program for any period or wages for which the individual receives unemployment compensation.
• A bill which was NOT presented to the Governor but is being reworked deals with business interruption insurance.

Federal Efforts to Alleviate Economic Impact

The US Senate has approved multi-billion dollar emergency aid package Wednesday, March 19^th, that if signed by the President, will provide paid sick and family leave for many Americans, offers free testing for the coronavirus and bolsters unemployment insurance.

US Federal Tax due date delayed from April 15 to July 15.

We will continue to update you as we have more information.We sincerely appreciate your patience and we very warmly wish you and yours good health.

Needleman Management Team and Family