Business & Tech
Hoboken Company Got Virus Relief Funds
Under the CARES Act, the federal government has awarded more than $2.4 billion to New Jersey companies.
HOBOKEN, NJ — The federal government has sent more than $2.4 billion to companies in New Jersey for coronavirus relief efforts since Congress passed the CARES Act in March.
Approximately three quarters of a million dollars of that federal money ended up in Hoboken, according to the Federal Procurement Data System.
The money went to Hoboken-based Academy Bus, which received two payments totaling $749,200.
Find out what's happening in Hobokenfor free with the latest updates from Patch.
Congress passed the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27. In addition to direct aid to people who lost their jobs and the Paycheck Protection Program to help small businesses avoid laying off workers, the act included direct government spending for fighting the coronavirus.
You can search for companies that received payments under CARES Act contracts through Nov. 5 using the search box below. You can also search by town. (NOTE: A payment showing $0 means the contract has been awarded but not payments had been made as of Nov. 5).
Find out what's happening in Hobokenfor free with the latest updates from Patch.
Source: Federal Procurement Data System
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