Update for Thursday, April 2, 2020:
- The State today announced the NY State of Health insurance marketplace will remain open until May 15.
- The Governor also asked any company that can create personal protective equipment for hospital or emergency response personnel, to please call 212-803-3100 or email firstname.lastname@example.org. The State will pay a premium for the supplies and help finance any factory conversion costs.
- The IRS has released an FAQ page to answer questions on how the COVID-19 paid leave tax credits will work for small and medium sized businesses.
- The New York Power Authority put out a press release explaining they will offer a relief program for their Economic Development Power Customers.
- The New York Department of Health has released initial guidance on cleaning and disinfecting numerous types of businesses or facilities. It can be found at the bottom of the State’s Coronavirus/COVID-19 website.
- The FFCRA Employee Notice Requirements are now in effect, meaning your business must either post the informational poster at your work place, or digitally send the poster to your employees if they are not on site.
- Guidance for essential classification for landscapers was released today by the State.
- The New York Council of Nonprofits and Nonprofit New York will host a webinar on Friday, April 3, 1-2pm, to discuss how the new federal legislation will impact nonprofits in New York. Register for the webinar online.
- Also on April 3, at 2pm, Cornell University School of Hotel Administration and the Cornell Institute for Food and Beverage Management will bring together restaurant executives and faculty experts to offer solutions to the challenges operators, employees, and guests are experiencing. Register for the webinar online.
- A reminder to all who will be applying for the Paycheck Protection Program: 75% of the money received must go towards payroll. “Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.” The loan will mature in 2 years at an interest rate of .5%. More information is available on the SBA website.
- Read the SBA’s Borrower Fact Sheet online.
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.
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