SBA Makes Major Changes to EIDL

It was announced yesterday in Washington DC that the U.S. Small Business Administration (SBA) has made a number of significant changes to the Economic Injury Disaster Loan program. The loan cap, which previously was set at $500,000, has been increased to $2 million and actually went in effect Wednesday evening although it wasn’t announced until…

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State of the Industry

One of the many great presentations given at this week’s 20th Annual Multi-Unit Franchising Conference which concludes today in Las Vegas, was effectively a status report on the state of the franchising industry. Overall, the report by FranData CEO Darrell Johnson pointed to calm seas on the surface with much tumult churning below. As to…

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Jobless Claims Hit Pandemic Low

Notwithstanding the expanding spread of the COVID Delta variant and the ongoing difficulties with getting the economy completely opened up again – let alone the continuing labor shortage – first-time unemployment claims dropped last week to 340,000, the lowest level since the pandemic hit in March of 2020. This Department of Labor (DOL) report comes…

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CFA Day Postponed To June 2022

The lingering apprehension of the COVID-19 pandemic coupled with the resilience of the delta variant has forced the Coalition of Franchisee Associations (CFA) to postpone its annual CFA Lobby Day in Washington DC until next year. As the corona virus continues to cause turmoil across the country, CFA could not get the necessary meetings scheduled…

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Third-Party Deliveries Drawing Ire

In California, a proposal by San Diego Assemblywoman Lorena Gonzalez would require food delivery companies to provide customers – and restaurants – with an itemized breakdown of third-party fees and commissions for each transaction. Additionally, AB 286 would also allow restaurants to set the price of food and drink sold through delivery companies. The bill…

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Governor Expands New York Recovery Grant Program

Newly installed New York Governor Kathy Hochul announced this week that she was expanding the eligibility to the state $800 million small business recovery grant program to allow businesses with 2019 revenues up to $2.5 million to qualify for the grant program. The Pandemic Business Recovery Initiative, which was initiated under former Governor Andrew Cuomo,…

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Mass. Governor Proposes $1B in UI Relief

Last week, Massachusetts Governor Charlie Baker proposed a supplemental budget that would utilize $1 Billion in federal pandemic relief funds to replenish the state Unemployment Insurance Trust Fund. During the height of the coronavirus pandemic with its accompanying layoffs, shutdowns and business closures, the Unemployment Insurance Trust Fund, funded by a payroll tax on employers,…

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With an Eye on the Calendar

As we get ready to close out the summer months, there are a number of dates approaching where new laws – or changes to existing laws – will become effective that you need to be aware of. We’ve previously advised you that effective September 1, the sexual harassment laws in the state of Texas will…

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Replenishing Restaurant Revitalization

Efforts continue in Congress, albeit unsuccessfully at this point, to replenish funding for the popular Restaurant Revitalization Fund (RRF). This most recent effort was lead by Maryland Senator Ben Cardin along with Mississippi Senator Roger Wicker, and would have provided for an additional $48 billion in new funding for the RRF. The program was originally…

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OSHA Updates COVID Guidance

Last week, Occupational Safety and Health Administration (“OSHA”) issued updated guidance on preventing COVID-19 in the workplace. The guidance, entitled Mitigating and Preventing the Spread of Covid-19 in the workplace, is meant to help employers protect (1) unvaccinated employees (including people who are not fully vaccinated) or otherwise at-risk employees, including those who are immunocompromised,…

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