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Draft CDC Guidelines on Reopening for Child Care, Schools and Day Camps, Faith Communities, Vulnerable Workers, Restaurants and Bars and Mass Transit

In Corporate Resources, Employer Resources by Porzio

CDC developed draft guidance to assist employers in reopening while making reasonable and effective efforts to contain the corona virus that spreads COVID-19. See infra While the draft guidelines are targeted to services that attract groups of people in close contact, there are some general principles that will help many commercial offices and businesses to reopen safely.

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Main Street Lending Program – A New Option for Companies With More Than 500 Employees

In Corporate Resources, Employer Resources by Porzio

On April 9, 2020, the Treasury Department and the Federal Reserve announced the Main Street Lending Program (“Program”) to expand upon emergency loans otherwise provided by the CARES Act and to provide additional funding opportunities for small to mid-size businesses. Access to these funds through the Program is intended to be available from May 2020 through September, 2020. In the interim, it is prudent to understand the Program and be prepared to access as much as $600 billion in loans by working with your participating lender.

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COVID-19: How to Pivot Your Business and Prepare for the Next 6 Months – A 5 Part Series

In Corporate Resources, Employer Resources by Porzio

The time is now to anticipate and prepare for the fall-out of COVID-19. One of the anticipated consequences is the possible lawsuits that may be the result of this pandemic. Plaintiffs’ lawyers will not miss this opportunity, just as they have missed no other opportunity to blame employers for injuries to their employees and customers.

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SBA – Paycheck Protection Program Guidance

In Corporate Resources, Employer Resources by Porzio

The Small Business Administration (SBA) has published guidance for the $349 billion Paycheck Protection Program (PPP) contained in The CARES Act. The PPP is designed to help small and mid-sized businesses offset the economic impact of the COVID-19 pandemic. Beginning April 3, 2020, small businesses, including nonprofits and sole proprietorships, can apply for and receive loans to cover their payroll and certain other expenses through existing SBA lenders.