The U.S. Small Business Administration (the SBA) was formed pursuant to the Small Business Act of 1953 to encourage the growth of small businesses in the United States. One of the SBA’s primary functions in pursuing its stated goal is to support small businesses through various funding programs, Continue Reading
U.S. Federal Government Proposes Various Changes to SBA Loan Programs to Assist Small Businesses Affected by Coronavirus
The Bottom Line In light of the economic impact of the COVID-19 pandemic, the federal government has taken steps to expand the availability of, and streamline the process for, obtaining loans administered by the U.S. Small Business Administration (SBA). In addition, further changes are expected Continue Reading
New York State Implements Sick Leave for Employees Required to Quarantine or Self-Isolate By Government Order
The Bottom Line On March 18, 2020 the New York State Legislature passed, and Governor Cuomo signed into law, a mandatory sick leave law benefitting many employees in New York State affected by the COVID-19 crisis. New York’s new law sets forth minimum requirements for employers to provide Continue Reading
New York City to Provide Financial Assistance to Small Businesses Impacted by COVID-19
The Bottom Line New York City (NYC) has recently made available two financial assistance programs to aid small businesses located in the five boroughs. NYC Mayor Bill de Blasio announced on March 8, 2020 that NYC will offer access to the NYC Employee Retention Grant Program (ERGP) and the Continue Reading
Revisions to Proposed Family First Coronavirus Response Act: Potential Relief for Employers
Update The Senate confirmed this version of the FFCRA and the President signed it into law on March 18, 2020. It goes into effect April 1, 2020. Of importance, the amended version of the bill tightens the definitions of when employees can take coronavirus-related leave or sick time and places caps Continue Reading
The Families First Coronavirus Response Act: What Employers Need to Know
The Bottom Line On March 14, 2020, the House passed the Families First Coronavirus Response Act (the Act), which the Senate is expected to approve in sum and substance sometime this week. President Trump has expressed approval for the legislation, which will go into effect 15 days Continue Reading
Coronavirus: Protective Measures for the Workplace
The Bottom Line In the wake of the Coronavirus outbreak, employers are seeking advice on how to best protect the health and safety of their employees. Coronavirus is a respiratory virus that spread rapidly after first being identified in Wuhan, China. While the World Health Organization has Continue Reading