The Downtowner
Monthly Newsletter
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Greetings!
Welcome to the Pompton Lakes Business Improvement District "The Downtowner" Newsletter. Here's the latest information on what's going on in Downtown Pompton Lakes, assembled, produced, and donated by the Pompton Lakes Business Improvement District.
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Welcome to Pompton Lakes, Randy's Homemade Ice Cream |
By Michael Carelli
Randy's Homemade Ice Cream has officially opened in the heart of downtown, located at 322 Wanaque Avenue, Suite D, Pompton Lakes, NJ 07442.
The shop serves premium homemade ice cream, always with their signature animal cracker topping on each cup.
Randy's offers a variety of fresh, homemade flavors such as mint chocolate chip, cookies and cream, and Madagascar Vanilla.
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Pompton Lakes Mayor Michael Serra welcomed Randy's to Downtown Pompton Lakes. "It is great to see a new business come into town under such difficult times. Myself and all our residents wish him the best of luck. I know I will be in for a cone as soon as I have the chance", said Mayor Serra.
Councilman and Borough Liaison to the Business Improvement District William Baig commented, "I'd like to welcome Randy's Ice Cream to downtown Pompton Lakes. As a new business in town customers are reporting a business with a great atmosphere and staff and Awesome diary fresh ice cream."
Business Hours are Tuesday through Friday 5:00 p.m. to 9:00 p.m., Saturday 12:00 p.m. to 9:00 p.m., Sunday's 12:00 p.m. to 8:00 p.m., and closed on Monday's.
Welcome to Pompton Lakes!
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Friends of the Pompton Lakes Library Hosts Successful Drive In Movie at the Pompton Lakes Towne Square |
Friends of the Library, with Lisa Ciancarelli, Steve Edgeller and Michael Drazek brought the first Drive-In movie to Pompton Lakes last Sunday night. With thanks to advertisers, contributors and volunteers: |
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- Frank’s Pizza
- Cannonball Gym
- Cardinal Travel
- Cardinal Frame
- Goldberg’s Bagels
- Home Field Advantage
- Mr. Ramen Restaurant
- Mr. Sushi Restaurant
- Miss Korea Restaurant
- R&M Hardware
- Selenita’s Restaurant
- Top Breed Fitness
An extra big thanks to the Pompton Lakes BID, Pompton Lakes CERT, Pompton Lakes Office of Emergency Management, Pompton Lakes Ambulance/First Aid and UB Properties!!
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COVID-19: Passaic County Debuts Blueprint for Recovery Taskforce for Passaic County Businesses |
Passaic County has formed a “Blueprint for Recovery” Taskforce focusing on the development of programs to assist the business community emerge from the economic challenges that the country is experiencing. One effort, is focused in working directly with company leaders as they innovate to survive the new normal. |
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This new program links companies on a conference call with a local, well established company president. Companies share best practices and creative ideas in an effort to improve their company’s business operations.
This program is offered by the County of Passaic in partnership with William Paterson University Small Business Development Center. One hour sessions are scheduled for Wednesday mornings from 9 am to 10 am and 10 am to 11 am. Please contact Deborah Hoffman, 973-569-4720 or deborahh@passaiccountynj.org to schedule your session.
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Coronavirus (COVID-19) Business Resources |
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COVID-19: NJEDA New Jersey Small and Micro Business PPE Access Program |
The Micro Business Loan Program provides financing of up to $50,000 available to businesses with annual revenues in the most current fiscal year of no greater than $1,500,000, and 10 full-time employees or less at time of application. Financing can be used for inventory, the purchase of equipment, or working capital. Ten percent of the approved loan amount may be forgiven if the business is still open and in operation 12 months from date of loan closing. |
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Startup businesses (defined as being in operation 6-12 months) are eligible for financing but must provide the Authority a business plan and five-year projections at time of application.
WHAT IS THE MICRO BUSINESS LOAN PROGRAM:
- Loans of up to $50,000 to New Jersey micro businesses.
- Business must be registered to do business in New Jersey, have less than $1.5 million in annual revenue and no more than 10 full time employees to be eligible.
- Startup businesses (in operation for at least 6-12 months), and home-based businesses/all 501c nonprofits (in operation for at least two years) are eligible to apply.
- Loans can be used for inventory, equipment, and working capital to fund business operating expenses.
- 2% interest rate, with no principal and interest payments for the first three years of the loan.
- 10% of will be forgiven if the business is open and operating 12 months after closing date.
- No application/closing fees for first 3 months of the program.
WHAT YOU WILL NEED TO APPLY:
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Your organization’s registered legal name. Please check here to confirm the name is correct: https://www.njportal.com/DOR/BusinessNameSearch/Search/BusinessName
- Date your business was established and date your business began operating.
- A list of all owners of the business, with the percentage of the business owned by each owner.
- For each owner: name, personal address, and social security number.
- At least one owner/guarantor must have a minimum 600 FICO score.
- Information on how the NJEDA loan would be used
- Type, date and amount of other State or Federal assistance the business has applied for: (i.e. NJEDA Small Business Emergency Assistance Grants/Loans, Federal Paycheck Protection Program, Federal Economic Injury Disaster Grant/Loan)
AFTER YOU APPLY, BE PREPARED TO SUPPLY NJEDA WITH THE FOLLOWING INFORMATION:
- Formation Documents, which may vary depending on the type of business you are. Some examples are:
- For-Profit- Filed Certificate of Incorporation, Bylaws, Filed Certificate of Authority-NJ (entity formed outside of NJ), Amendments
- Non-Profit: Filed Certificate of Incorporation, Bylaws, Filed Certificate of Authority-NJ (entity formed outside of NJ), Amendments, IRS Determination Letter
- LLC- Filed Certificate of Formation, Operating Agreement, Amendments, Filed Certificate of Authority-NJ (entity formed outside of NJ)
- LLP: Filed Partnership Certificate, Partnership Agreement, Amendments, Filed Certificate of Authority-NJ (entity formed outside of NJ)
- General Partnership - Partnership Agreement, Amendments
- Trust: Trust Agreement, Amendments
- Most recent New Jersey WR-30 filing with the NJ Department of Labor
- Three consecutive years of federal business tax returns (or as many years tax returns as appropriate for entities that have been in business less than 3 years). For nonprofits, three consecutive years of CPA prepared financial statements.
- Three consecutive years of personal tax returns for anyone with a 10% or more ownership stake in the business. Not required for nonprofits.
- For startup businesses, a business plan and 5-year projections
- Information supporting how you plan to use the loan. For example:
- Payroll: Payroll reports/ledger
- Rent: Current lease
- Mortgage: Most recent statement/bill
- Utilities: Most recent bill
- Taxes: Most recent municipal statement/bill
- Inventory/Equipment: Invoices, estimates for equipment installation
- Loans of $25,000 or less will be unsecured (no collateral required)
- For loans of greater than $25,000, NJEDA will accept various forms of collateral for the full loan amount. NJEDA may look to place liens on any new equipment purchases including rolling stock, blanket lien on personal/business assets, residential or investment property to meet the collateral requirement. Maximum loan to value of 100% for secured loans
Rates & Terms:
- Standard 10 year term, with the ability to increase to 15 years if needed in order to meet the 1.00x global debt service coverage ratio requirement.
- Interest Rate: 2 percent, set at approval, with no interest and no payment due for the first three years.
- 10% of the total approved loan amount will be forgiven if the business is open and operating 12 months after closing date.
Fees*:
- No fees for entities that apply within the first three months the program is available.
- Following the three-month period, fee structure is as follows:
- Application fee: $300
- Commitment Fee: 0.5% of loan amount
- Closing Fee: 0.5% of the loan amount
* All fees are non-refundable.
NJEDA Small Business Services Team:
Please contact an NJEDA Small Business Services Team member below prior to applying for the Micro Business Loan Program.
For startups interested in a Micro Business Loan, the Small Business Services Officer can help connect you with an entrepreneurship training program or Small Business Development Center counseling session in your area.
Maribel Fermin
Senior Small Business Liaison
New Jersey Economic Development Authority (NJEDA)
One Gateway Center, Suite 1410, Newark, NJ 07102
(609)802-2932 (cell)
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Restaurants Currently Open for Take Out and/or Delivery |
The Pompton Lakes Business Improvement District has put together a current listing of Pompton Lakes Businesses open for take out and delivery. |
Signs Have Been Installed in windows of Restaurants Open for Take and/or Delivery! |
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Highlights From Around Downtown |
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Jazzercise September Sale |
Pompton Lakes Jazzercise is offering unlimited livestream classes with their REBOOT 2020 SALE!
2 MONTHS OF UNLIMITED LIVESTREAM CLASSES FOR $119 (20% off regular prices). Visit jazzercise.com to sign up online September 1st - 30th.
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Performing Arts Academy: Celebrating 30 Years of Excellence |
Performing Arts Academy in Pompton Lakes will be celebrating our 30th year of excellence in dance instruction this year, and we can't wait to welcome our students back to the studio in just a few short weeks! Under the supervision of Artistic Director Dawn Laviola Schaub, we have been keeping a close eye on state guidelines and are doing everything we can to keep our dancers safe, including: |
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- Disinfecting studios between classes
- Deep cleaning by Accurate Pro Clean nightly
- Temperature checks
- Hand sanitizer stations throughout the studio
- Social distancing and mask regulations strictly enforced
- All air filters upgraded to MERV-13
- UV-C lights installed in all air ducts
- Limited class sizes and building capacity
- All studios equipped with video technology to allow students to participate from home as needed/desired
Our exceptional teaching and office staff has been thoroughly trained in safety procedures, so you can feel confident knowing that your child will receive a top-notch dance education in a safe, clean, and supportive environment. Registration is now open, so head over to www.thepaa.com to check out our class options and register! We're so excited to dance together again this fall!
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Iron Eagle Martial Arts Academy is offering a free uniform with registration for all new members September 1st - Oct. 1st 2020.
Kids, Teens, Adults.
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Rhino Theatre Action Continues This Fall: Upcoming Events and Activities |
Rhino Theatre presents "Sounds of the 70's" on September 19th and 20th for an unforgettable evening of songs from an unforgettable decade. Rain dates are September 21st and 22nd. Current mandates limit our events to 70 people so call or visit the website for tickets. This is located at the Outdoor Stage at Studio 237 at 237 Hamburg Turnpike, Pompton Lakes, New Jersey 07442.
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Zayna's Cuts for Kids: Back to School Sale! |
Back to School Sale! 40% off all retail items and 10% off e-gift card sales through September 8th. Shop online (curbside pickup) or in person. Schedule an appointment for any back to school service including chlorine removal treatments, haircuts, ear piercings, and hair color services. Call/text/email for appointments: appointments@zaynascutsforkids.com; 973-831-2390.
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The Closet Shopper Resale Boutique
2 Colfax Avenue, Pompton Lakes, NJ
Open Wednesday, Thursday and Friday 12-4 Saturday 11-3
Unique one of a kind items gently Preowned. Designer brands of Women's Clothing, Shoes, accessories, Jewelry, Handbags, home Decor, household items, decorative items and much more.
The Closet Shopper will be offering 10% off your total sale. Excludes Sale Items.
Follow me on Facebook, Instagram and Twitter @Denise Benzenhoefer The Closet Shopper
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Home Field Advantage is open and offering 10% off on all sports equipment in stock.
973-835-7714
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It's that time to spend time with your special girl or guy!
ages 4+. $5/person reservation** charge. Choose any pottery from our studio collection. Pottery cost & $7 studio fee still applies. Pay for your pottery choice during checkout. Reservation charge includes: table reservation, light refreshments and snacks.
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What to Wear: You will be using glazes that are not permanent. We provide aprons, upon request. We highly recommend that you dress accordingly.
IMPORTANT: SESSION ENDING TIMES ARE APPROXIMATE and vary from session to session and with each unique group of painters. We reserve the right to cancel sessions with fewer than 4 registered guests.
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The Winner of Instagram of the Month for September 2020 is The Cheese Bar, located at 322 Wanaque Avenue, Pompton Lakes, NJ 07442. Give them a follow here!
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The BID is now on Instagram! |
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The Pompton Lakes Business Improvement District is now on Instagram! Follow us here.
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Old A&P Site -- Will Include a New Supermarket Along with Self Storage in Back -- A Huge Win for Pompton Lakes! |
Located at the old A&P shopping center, there will be a new supermarket, LIDL, along with self storage in the back of the building. Read the plans here.
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Available Storefronts in Pompton Lakes |
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Prime Office/Retail Space in the heart of Downtown Pompton Lakes. High visibility storefront or office space available. Call (973) 835-6040. |
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"Restaurants currently unable to have sidewalk seating, parking spaces in front are made available by polite request to help our restaurants with a quick pick up. Thank you for your support" |
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Pompton Lakes Business Improvement District
274 Wanaque Avenue
Pompton Lakes, New Jersey 07442
Email: pomptonbid@gmail.com
To submit content to this Newsletter:
Email Michael Carelli at plsocialmedia@pomptonlakes-nj.gov
@PomptonLakesBID
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~We Will See You Next Month~ |
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