On May 22, 2020, the Small Business Administration (“SBA”) released two interim rules regarding (i) the forgiveness process of the Paycheck Protection Program (“PPP”), and (ii) the SBA’s process for reviewing loan applications and loan forgiveness applications, as well as the responsibilities of borrowers and lenders (collectively, the “Interim Rules”).
On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act (PPPFA). The PPPFA makes changes to the Paycheck Protection Program (PPP) established under the CARES Act (signed into law on March 27, 2020).
On June 8, 2020, New York City will enter “Phase 1” of the State of New York’s Reopening Plan, which could result in upwards of 400,000 individuals returning to work in the City. Similar reopening plans in New Jersey and Massachusetts have begun to hit the first of several criteria in their respective Reopening Plans.
On May 13, 2020, the New York State Department of Health issued a model plan and guidance for reopening and operating construction sites in New York State during the Covid-19 Emergency. There is also an overall guide from the State entitled: NY Forward Reopening Guide that contains more general information. The following are links to the Master Guide, the Short Guide, Model Plan and Reopening Guide all prepared by the State of New York.
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.
The disruptive impact of the CV-19 pandemic has impacted all areas of society including education.
The new guidance memorandum from the U.S. Department of Labor’s Occupational Health & Safety Administration (OSHA) regarding employers’ obligations to record confirmed cases of COVID-19 goes into effect today and rescinds OSHA’s prior guidance on this topic.
States across the nation are beginning to plan for reopening businesses, houses of worship, and other venues. In many states, however, schools have committed to concluding the school year without returning to face-to-face instruction and the use of school facilities.
The coronavirus disease (COVID-19) has altered business operations worldwide and brought the pharmaceutical and healthcare industries to the forefront of international focus.
Massachusetts, New Jersey and New York are moving to allow stalled construction projects to restart. For employers on job sites, be they owners, construction managers, general contractors, trade contractors or suppliers, the risks posed by coronavirus on reopened construction sites are concerning.