SBA has released the Paycheck Protection Program Loan Forgiveness Application — available here. Costs Eligible for Forgiveness The application provides the following instructions: Eligible payroll costs. Payroll costs paid and payroll costs incurred during the eight-week (56-day) Covered Period (or Alternative Payroll Covered Period) (“payroll costs”). Payroll costs are considered paid on the day that […]
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New York has issued rules for the re-opening of construction as a part of Phase 1. Eligible construction includes: Building Equipment Contractors, Building Finishing Contractors, Foundation, Structure, and Building Exterior Contractors, Highway, Street and Bridge Construction, Land Subdivision, Nonresidential Building Construction, Residential Building Construction. and Utility System Construction. Construction Guidelines for Employers and Employees Available at the link above, New York […]
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Phase 1 of the Re-Opening starts tomorrow. County Executive Ryan McMahon and the whole team at the County did a great job on behalf of the whole region.
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On May 7, 2020, Governor Cuomo issued Executive Order 202.28. The Executive Order contains several provisions affecting landlords and tenants. Security Deposits For Residential Leases: Landlords and tenants may agree to use security deposits (and any interest accrued thereon) to pay past or future rent. Landlords are required to provide this relief to any tenant […]
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The May 12th update to the Regional COVID-19 Metrics shows that four regions are now eligible to open on May 15th: Finger Lakes Mohawk Valley North Country Southern Tier Central New York Region inched closer to meeting the minimum COVID-19 testing rate (30 per 1,000 residents per month).
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Today Governor Cuomo alerted everyone that re-opening New York will start on Friday. It was nice that the Governor selected a photo of Skaneateles Lake in the summer. The docks are ready! Each region should prepare for the re-opening. Ready to open means the number of hospitalizations and infection rates are declining and that a […]
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Governor Cuomo outlined new criteria for regional re-opening today. Per his comments and a release by the Governor’s office, the State will monitor four core factors in determining if a region can re-open. A region must have: 1. 14 days of decline in total net hospitalizations (on a 3-day rolling average). In regions with few […]
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On April 28, 2020, Governor Cuomo set forth criteria for a regional reopening of the state from the mandatory closures imposed during the COVID-19 pandemic. The regions are: • Capital Region • Central New York • Finger Lakes • Mid-Hudson Valley • Mohawk Valley • New York City • North Country • Long Island • […]
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The Paycheck Protection Program and Health Care Enhancement Act (H.R. 266) passed the Senate on April 21, 2020, and is pending in the House. The following is subject to both passage in the House and signature by the President. A summary of the Act: Increased Funding: The amount appropriated for loans under the Paycheck Protection […]
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