Sign in Subscribe
Emergency preparedness

Economic Recovery Center Offers Assistance to Businesses Affected by New Jersey and New York Floods

Strategic Insights

— 2 min read

FORT MYERS, Fla., July 17, 2025 /PRNewswire/ -- The Economic Recovery Center has announced that it is now accepting applications from businesses affected by the recent floods in New Jersey and New York. With the historic flooding having left countless small and medium-sized businesses at risk for operational setbacks, financial loss, and uncertain futures, the Economic Recovery Center has opened its portal to applicants in need of financial assistance. New Jersey Governor Phil Murphy has declared a State of Emergency for all 21 counties, and a large number of applicants are expected to file in the coming days.

The application process has become more complicated due to a 43% reduction in staff caused by DOGE cuts, and it can take months for applications to reach a loan officer. Kristin Norton, Chief Operating Officer of the Economic Recovery Center, stated that statistically, 9 out of 10 disaster loan applicants never make it to the loan officer stage due to their lack of understanding of the application process or missing deadlines. A free eligibility review provided by the Economic Recovery Center can simplify the process for business owners and help them avoid delays due to staff reductions and expected large numbers of applicants.

Key Takeaways:

  • The Economic Recovery Center is now accepting applications from businesses affected by the floods in New Jersey and New York.
  • The historic flooding has left small and medium-sized businesses at risk for operational setbacks, financial loss, and uncertain futures.
  • New Jersey Governor Phil Murphy has declared a State of Emergency for all 21 counties, and a large number of applicants are expected to file in the coming days.
  • The application process has become more complicated due to a 43% reduction in staff caused by DOGE cuts.
  • Kristin Norton, Chief Operating Officer of the Economic Recovery Center, stated that statistically, 9 out of 10 disaster loan applicants never reach the loan officer stage.
  • A free eligibility review provided by the Economic Recovery Center can simplify the process for business owners and help them avoid delays due to staff reductions and expected large numbers of applicants.
  • Business owners can visit , call (385) 376-2372, or email support@economicrecoverycenter.com to schedule a free eligibility review.
  • The Economic Recovery Center handles all communication, document submission, and follow-up, relieving business owners of the burden during an already stressful time.

Statistics:

  • 43% reduction in staff at the Economic Recovery Center due to DOGE cuts.
  • 9 out of 10 disaster loan applicants never reach the loan officer stage.
  • 21 counties in New Jersey under State of Emergency due to recent floods.
  • The Economic Recovery Center has handled all communication, document submission, and follow-up for over 100 business owners affected by previous disasters.

Sources:

  • PRNewswire
  • Economic Recovery Center

Read more