SBA Opens Review of $500K+ Loans

At long last, beginning today, October 8, the Small Business Administration (SBA) will begin reviewing and qualifying Economic Injury Disaster Loan (EIDL) applications in excess of $500,000. You will recall that the maximum loan amount was increased early last month from the original $500,000 cap to the current $2 million limit. At the same time,…

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New York COVID Designation, HEROES Act Extended

Last week, New York Governor Kathy Hochul announced that Public Health Commissioner Howard Zucker, MD has extended the designation of COVID-19 as a “highly contagious communicable disease” and thereby continued the implementation of the HERO Act. Under the state’s Health and Essential Rights (HERO Act) Act, all employers must implement workplace safety plans establishing procedures…

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Florida Increases Minimum Wage

Speaking of ballot initiatives, as a result of the successful minimum wage initiative last year in the Sunshine State, the Florida minimum wage increased as of last Thursday, September 30, 2021 from the former minimum of $8.56 per hour to the new minimum of $10/hour. The 17 percent jump in the state minimum represents the…

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Inflation Fuels Larger Wage Hikes

While many of today’s younger workers – and voters – may not have experienced the bite of inflation eating more of their compensation, those of us who more clearly understand the meaning and impact of the Consumer Price Index (CPI) are already seeing some effect from inflation. Among the many states, counties and cities that…

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California Dreamin’

But some are bad dreams for certain employers! Fresh off surviving a recall election just two weeks ago, California Governor Gavin Newsom, signed a couple of pieces of legislation into law over the past two weeks that won’t bode well for business going forward. Assembly Bill 1003, provides that employers found guilty of intentional theft…

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Massachusetts Changes PFML Benefit

The Department of Family and Medical Leave (DFML) has implemented a couple of changes that Bay State employers need to be aware of. Effective January 1, 2022, the DFML will increase the average weekly wage and increase the maximum benefit for covered leave. At the same time, the Department also announced a decrease in the…

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DC Tip Credit Initiative Clear for Ballot

You can chalk up another advocacy victory for One Fair Wage, the advocacy group backed by the Restaurant Opportunities Center (ROC), as initial approval of the language was granted to The District of Columbia Tip Elimination Act of 2021 (Initiative 82) for placement on the Washington, DC primary ballot in 2022. Notwithstanding approval of the…

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FTC Investigation Sought

The National Coalition of Associations of 7-Eleven Franchisees (NCASEF) has formally petitioned the U.S. Federal Trade Commission (FTC) to initiate an investigation into the franchise industry. In particular, the petition urges that the agency investigate 9 franchise brands in particular, including 7-Eleven, Subway, UPS Stores, IHG Hotels, Choice Hotels, Experimax/Experimac, Supercuts, Massage Envy and Dickey’s…

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New FTC Chair Outlines Goals

Speaking of the FTC, as the sole agency in the federal government with any significant degree of oversight of the franchise industry, it is important to note that the Chairwoman Lina Khan, confirmed by the U.S. Senate back in June, released a memorandum last week that clearly outlined her vision and priorities for the agency…

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DOL Publishes New Tip Pool Rule

The U.S. Department of Labor (DOL) published a new rule on tip pooling last Friday that subject employers to more significant monetary penalties for mishandling workers’ tips. Under the previous DOL regulation, put in place during the Trump administration, an employer could be subjected to civil penalties if the employer’s action of mishandling or illegally…

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