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New Update from the Sullivan County Chamber of Commerce 4/2/2020

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April 02, 2020
NEW UPDATE FROM THE SULLIVAN COUNTY CHAMBER OF COMMERCE 4/2/2020
 
 
  • In Governor Cuomo's press conference today (Thursday), the governor announced that the health insurance market place will remain open until May 15.
 
  • Governor Cuomo also asked any company that can create personal protective equipment for hospital or emergency response personnel, to please call 212-803-3100 or email covid19supplies@esd.ny.gov. The state will pay a premium for the supplies and help finance any factory conversion costs.
 
  • The IRS has released an FAQ page to answer questions on how the COVID-19 paid leave tax credits will work for small and medium sized businesses. It can be found HERE.
 
  • The New York Power Authority put out a press release explaining they will offer a relief program for their Economic Development Power Customers. To read the press release, click HERE.
 
  • The New York Department of Health has released initial guidance on cleaning and disinfecting numerous types of businesses or facilities. It can be found at the bottom of the link HERE.
 
  • The FFCRA Employee Notice Requirements are now in effect, meaning your business must either post the informational poster at your work place, or digitally send the poster to your employees if they are not on site. The poster can be found HERE.
 
  • For landscapers that have been waiting for essential and nonessential clarity, it was released today and can be found HERE.
 
  • The New York Council of Nonprofits and Nonprofit New York will host a webinar on Friday April 3, from 1pm to 2pm, to discuss how the new federal legislation will impact nonprofits in New York. You can register for the webinar HERE.
 
  • On April 3, at 2pm, Cornell University School of Hotel Administration and the Cornell Institute for Food and Beverage Management will bring together restaurant executives and faculty experts to offer solutions to the challenges that operators, employees, and guests are experiencing. You can sign up for this webinar HERE.
 
  • A reminder to all who will be applying for the Paycheck Protection Program: 75% of the money received must go towards payroll. "Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease." The loan will mature in 2 years at an interest rate of .5%. More information can be found HERE.
 
  • The SBA's Borrower Fact Sheet can be found HERE.
 

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