As part of the 2021-22 Budget, New York State has adopted an enhanced historic tax credit for small projects equal to 150 percent of the project’s federal rehabilitation tax credit. For certified historic rehabilitation projects receiving the federal rehabilitation tax credit and are located in qualifying census tracts, New York State offers a refundable tax […]
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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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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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Under Section 1110 of the CARES Act, Congress authorized certain advances in the amount of $10,000 to small businesses to assist with the impacts of COVID-19. These $10,000 payments are more in the nature of a grant and are not expected to be repaid by the recipient. Eligible Entities: • Businesses with not more than […]
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