Update for Friday, May 15, 2020
- To view a recording of today’s webinar, Paycheck Protection Program Forgiveness Guidelines, click HERE.
- A new FAQ document has been published by the Treasury Department regarding the Paycheck Protection Program. Included in this updated document is the answer to “How will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request?” That document can be found HERE.
- In today’s (Friday) press conference Governor Andrew Cuomo said the Mid-Hudson Region would continue to follow the NY PAUSE measures until May 28. He also noted today that “as soon as a region hits its benchmark it can move to a Phase 1 reopening of the economy.” This will include manufacturing, construction, wholesale trade, agriculture, forestry, fishing and hunting.
- The governor also extended the state’s stay at home order until June 13 in his latest Executive Order found HERE.
- Governor Cuomo recommended to assisted living and group home facilities to find ways to spread out their residents within the facilities to try to slow the spread within the facilities. He did not answer a question on if it was safe for facilities to continue to move staff between locations on a regular basis.
- Governor Cuomo also announced that hair stylists will now be able to reopen in Phase 2 of reopening. This reverses the announcement yesterday that hair stylists will not be included in Phase 2.
- Robert Mujica, the Budget Director for New York, said that if the state does not receive funds from the federal government by the end of May, the state would have to begin implementing the 20% cuts to schools, hospitals, and local governments.
- The House of Representative’s Committee on Small Business has released a summary of the effects the HEROES Act will have on small businesses. It can be found HERE. The Senate has not yet announced if this legislation will be put to a vote in that chamber of Congress, or if the legislation will be amended if it is voted on.
If you have any questions regarding the information in this notification or any other business related concerns and suggestions, please email Contact@DutchessBNN.com. Please do NOT contact elected officials regarding information in this email as they are currently inundated with handling the government response to this crisis. This network was created to help coordinate responses and share the burden, and we ask that you please contact us with any questions or concerns so our elected officials can focus on their task at hand. Thank you for your continued support through this time.