JERSEY CITY, NJ – New Jersey has been one of the toughest states to operate a business in, no thanks to the draconian lockdowns and closures strictly enforced by New Jersey Governor Phil Murphy and while the state itself has little to offer small businesses, Barstool Sports CEO Dave Portnoy does.
On Monday, Portnoy delivered the news to Kelly, the owner of Broads Management, a female-owned general contractor.
Broads Management is a female-run construction company in Jersey City, New Jersey. This company specializes in construction management, interior renovations and real estate development.
“Once COVID-19 hit, we were considered non-essential…and we were not allowed to work for three months,” she said. “I used my real estate commissions to prop the business. I was just about at my American Dream and COVID shut it down.”
Broads management focuses on giving women and minorities a chance to work in the construction and home improvement industry.
“Nobody is helping us,” she said when Portnoy broke the news that they would be receiving funding from the Bar Stool Sports Fund. “You’re amazing.”
The Barstool Sports Fund is funded with the help of the 30 Day Fund. The nonprofit 30 Day Fund was launched by Virginia technology entrepreneur Pete Snyder and his wife, Burson. Working with other business leaders throughout the nation, the Fund’s goal is to help save as many jobs as possible. Jeff Bartos co-founded the Pennsylvania 30 Day Fund with a group of local business leaders and worked with Barstool Sports to help save Reading Terminal Market. Since the first launch in Virginia, the 30 Day Fund launched in Pennsylvania, Georgia, Mississippi, Arkansas, and New Jersey. The funds disbursed do not need to be repaid, but if businesses who receive the Fund’s assistance do, at a later date, wish to “pay it forward,” they may do so by directing those dollars back to the Fund, which will disburse them to another business in need. To date, the 30 Day Fund has raised more than $8 million and is on the way to funding more than 2,200 small businesses.
You can learn more about the Barstool Fund on its website.