Dutchess Business Notification Network Update for Wednesday, June 17

Update for Wednesday, June 17

• In today’s (Wednesday) press conference, Governor Andrew Cuomo confirmed that our region is on track to enter Phase 3 on Tuesday of next week. Phase 3 guidance for the food industry and personal care service can be found HERE.
• Governor Cuomo also announced he would stop his daily press briefings after this Friday (6/19) and move back to a similar schedule of briefings that was in place before COVID-19. We will continue to monitor his briefings and update you with any relevant information.
• The Small Business Administration today released a three-page “EZ” Paycheck Protection Program loan forgiveness application requiring less documentation and fewer calculations than previously required. Form 3508EZ applies to borrowers who meet any one of these three criteria:
  1. Applied for the PPP loan as self-employed, an independent contractor or a sole proprietor with no employees.
  2. Did not reduce salary or wages for any employee by more than 25%, and did not reduce the number or hours of their employees (excepting laid-off employees who refused an offer to return).
  3. Did not reduce salary or wages for any employee by more than 25% during the covered period and experienced reductions in business activity as a result of health directives related to COVID-19.
• Form 3508EZ can be found HERE, and an instructions sheet on how to complete the form can be found HERE.
• A new interim final rule for forgiveness has been published on the PPP as well. That rule can be found HERE.

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.