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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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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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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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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