Helping Small Employers Who are Struggling During the COVID-19 Outbreak

The US Chamber of Commerce Foundation has established the Save Small Business Fund, a grantmaking initiative offering short-term relief for small employers in the United States and its territories. Funded by corporate and philanthropic partners, the Save Small Business Fund is a collective effort to provide $5,000 grants to as many small employers as they can.…
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Statement of ESRTA Executive Director on White House Plans to Re-Open the Economy

Scott Wexler, ESRTA Executive Director, issued the following statement on the White House Plans to Re-Open the Economy: “The White House COVID-19 plan to re-open the economy in stages misses the mark by recommending large venues, such as sit-down dining and movies theaters, be allowed to operate while bars would not be able to re-open…
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SLA ISSUES EMERGENCY SUSPENSION FOR WESTCHESTER BAR

The New York State Liquor Authority (SLA) summarily suspended the liquor licenses of Joe Vin Enterprises LLC, doing business as “Uncle Henry’s” at 309-311 Halstead Avenue in Harrison. The bar was found operating in violation of the Governor’s Executive Order, requiring bars and restaurants to cease on-premises service of food and alcoholic beverages to combat…
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SLA ISSUES EMERGENCY SUSPENSION FOR BRONX BAR

he New York State Liquor Authority (SLA) summarily suspended the liquor licenses of St. Bees LLC., at 4466 Baychester Avenue in the Bronx.  The bar was found operating in violation of the Governor’s Executive Order, requiring restaurants to cease on-premises service of food and alcoholic beverages to combat the spread of the coronavirus. Following a…
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SLA ISSUES EMERGENCY SUSPENSIONS FOR WESTERN NEW YORK BARS

The New York State Liquor Authority (SLA) summarily suspended the liquor licenses of Swannie House Ltd., doing business as the “Swannie House” at 170 Ohio Street in Buffalo, and Toralti & Marfurt Restaurant Inc., doing business as “AJ’s” at 10250 Main Street in Clarence.  Both bars were found operating in violation of the Governor’s Executive…
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NYS Posts Resources to Help Understand SBA Coronavirus Loan Programs

Empire State Development has posted resources to assist eligible small businesses and nonprofits understand the loans programs available from the Small Business Administration to respond to the Coronavirus crisis. Paycheck Protection Program: Empire State Development’s Checklist for the Paycheck Protection Program Paycheck Protection Program FAQ U.S. Chamber of Commerce Emergency Loan Guide   Economic Injury…
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Financial Relief for Our Policyholders – A Notice from the State Insurance Fund

April 2, 2020   Dear Policyholder, In response to the ongoing coronavirus pandemic, Governor Cuomo has issued an executive order directing insurance companies, for the next 60 days, to suspend cancellations for non-payment, suspend non-renewals, and suspend conditional renewals for workers’ compensation and disability benefits insurance policies for employers with 100 or fewer employees. We applaud all…
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A Notice from NYS Lottery on Covid-19 Relating Closings

The New York Lottery is working with retailers statewide that are affected by the COVID-19 public health challenge.  If a licensed retailer decides to temporarily close from COVID-19 outcomes or has been required to close: The retailer is to contact any New York Lottery regional office and request a temporary pin-off and specify that COVID-19…
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Feds Enact CARES Act – Borrowers Can Start Applying April 3

The U.S. Senate and the U.S. House of Representatives passed and the President signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), a $2.2 trillion stimulus package designed to mitigate the effects of the novel coronavirus (“COVID-19”). The legislation includes relief for businesses and individuals, assistance to states, and key protections for workers.…
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Treasury Department Issues Guidelines on Federal Small Business Loan Program

The Treasury Department has released initial guidelines regarding the CARES Act Paycheck Protection Program, which will provide up to $350 billion in fully forgivable loans to help small businesses affected by COVID-19.  The loan program will be administered through the Small Business Administration, and is currently open to existing SBA-certified lenders, as well as those…
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Property and Casualty Insurance Premiums Waived for Small Businesses

New York ordered property and casualty insurers to waive premiums for small businesses and consumers Monday. The Department of Financial Services directed property and casualty insurers to provide a 60-day grace period to small businesses and consumers financially affected by Covid-19. In the same regulation, it ordered life insurers regulated by the state to allow consumers to defer paying premiums…
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US Chamber of Commerce Publishes Guide to Coronavirus Emergency Loans

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses. The US Chamber of Commerce has published this guide to the emergency loans (and…
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