NRA Launches Restaurants Act Website

The National Restaurant Association (NRA) has launched a new industry website geared to COVID-19 related education and industry advocacy. Restaurantsact.com, managed by the NRA, is a veritable one-stop hub of critical information for restaurants, employees, customers and industry partners. It offers an exceptional interactive map of each state across the country as well as the…

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Upcoming Events – Webinars

There are two upcoming webinars that we think will be very helpful to our readers, the first of which is this afternoon. From 2:00 to 3:00 PM EDT today, April 24, 2020  Immediate Cash Flow and Refund Opportunities from the Government Stimulus Programs and Tax Changes will feature Restaurant Finance Monitor’s John Hamburger and panel…

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PPP Officially Out of Money

The Paycheck Protection Program (PPP) has officially run out of money as of late Wednesday evening with the entire appropriation of $349 billion having been allocated to small businesses across the country. The Small Business Administration (SBA), which was charged with the administration of the forgivable loan program as part of the massive $2.2 trillion…

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There’s Still An Action Alert on PPP Funding

Notwithstanding the current stand-off in Congress, efforts are still underway in the US Senate to appropriate additional funds for the critical Paycheck Protection Program. As we reported last week, the Coalition of Franchisee Associations (CFA) was asking all franchisees to contact Congress to urge the appropriation of additional funds for this program. This week, that…

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DOL Revises FFCRA Regulations

The Department of Labor (DOL) has published revisions to its regulations on the Families First Coronavirus Response Act (FFCRA), Phase II of the COVID-19 economic recovery legislation. As revised, the regulations allow employers to require employees to use employer-provided paid leave (paid time off, vacation, etc.) and expanded family and medical leave concurrently, except in…

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Trump Names 17 Economic Revival Task Forces

The White House announced the creation of 17 industry specific task forces that the President will look to for advice and guidance relative to reopening the American economy.  One of the task forces, focused on the food and beverage industry, consists of twenty-three (23) individual members including restaurant brand CEOs, chefs and restaurateurs as well…

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Virginia Governor Wants Minimum Wage Freeze

In what one could argue is an acknowledgement of the negative impact minimum wage increases can have on businesses, Virginia Governor Ralph Northam last week proposed an amendment to delay a planned increase in the state minimum wage, rather than veto the measure outright. Virginia became the latest democratic trifecta state in 2019 (both branches…

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Pennsylvania Bill Would Lift Stay-At-Home Order

Apparently President Trump is not the only elected official itching to open the economy back up as quickly as possible. The Pennsylvania legislature passed legislation this week that would override Governor Tom Wolf’s current stay-at-home order and require the state to align with federal guidelines on which businesses will be allowed to reopen during the…

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State Insurance Czars Order Refunds/Extensions

The California Insurance Commissioner and the New Jersey Department of Banking and Insurance both took actions this week to put more money in the pockets of insurance customers. In California, a Bulletin from the Office of Insurance Commissioner Ricardo Lara requires insurance companies to provide a premium credit, reduction, return of premium or other appropriate…

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Ohio Workers Comp Board OKs Dividend

Following up on a hearing we told you about last week in Small Regular, the Ohio Board of Workers Compensation gave its blessing to a proposal of Governor Michael DeWine that the Board pay out employer dividends in the amount of $1.6 billion as a vehicle to help the state’s business community deal with the…

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