U.S. Federal Government Proposes Various Changes to SBA Loan Programs to Assist Small Businesses Affected by Coronavirus
The Bottom Line To alleviate the economic hardships of COVID-19 on small businesses, the President signed into law the Coronavirus Preparedness and Response Supplemental Appropriations Act, which increased funding for the SBA’s Economic Injury Disaster Loan Program and declared COVID-19 a disaster Continue Reading
New York State Implements Sick Leave for Employees Required to Quarantine or Self-Isolate By Government Order
The Bottom Line New York’s new sick leave law confirms that it is meant to supplement benefits that may be available to certain employees under the federal Families First Coronavirus Response Act (FFCRA), new federal legislation that becomes effective April 1, 2020, as discussed in Continue Reading
New York City to Provide Financial Assistance to Small Businesses Impacted by COVID-19
The Bottom Line To provide financial relief to small businesses in NYC that have experienced a loss of revenue due to the impact of COVID-19, NYC Mayor Bill de Blasio made available the:NYC Employee Retention Grant Program; andNYC Small Business Continuity Fund.Small businesses should review 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 With the likely enactment of the Families First Coronavirus Response Act, mandated school closures and the current state of the pandemic in the United States, employers must get ready to provide up to two weeks of additional paid sick leave and 12 weeks of partially-paid, Continue Reading
Coronavirus: Protective Measures for the Workplace
The Bottom Line There is no need for panic, as the likelihood of contracting Coronavirus in the United States is low, according to both the CDC and OSHA. Adopting the common sense measures recommended by the CDC will go a long way toward keeping employees healthy during this cold and flu season, Continue Reading