Business Report: Newark grants, Goya Foods boycott, financial literacy

Newark’s small business grant fund has awarded $2.2 million to more than 100 businesses in third round of funding

Newark businesses have received some much-needed funding from the city. Newark’s small business grant fund has awarded a total of $2.2 million to more than 100 businesses. Money went to hair salons, restaurants, retailers and other companies in areas hardest-hit by the economic fallout from the pandemic. This is the third round of funding from the city’s grant program, which launched last spring.

There are calls once again on social media to boycott Secaucus-based Goya Foods following weekend comments made by the CEO. Bob Inanue spoke at the Conservative Political Action Conference, where he said Donald Trump was the legitimate president of the U.S. Goya also faced calls for a boycott last summer.

The state Assembly has unanimously approved a bill designed to help residents get smarter about finances. The bill would create financial empowerment centers in five major cities where residents could get coaching on personal finances as well as attend financial literacy programs.

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