Notwithstanding constitutional and other issues with SBA programs designed to assist small businesses recovering from the coronavirus pandemic, some states are successfully launching assistance programs. New York is one example as the Cuomo administration announced the Small Business Pandemic Recovery Program last week and began accepting applications on June 10. The application process, which will…
Read More »The New York General Assembly and Governor Andrew Cuomo reached agreement on a spending plan for the current fiscal year that calls on several significant tax increases to balance the $212 billion spending plan. Notwithstanding billions of dollars coming in federal largesse from the recently passed American Rescue Plan Act of 2021, New Yorkers will…
Read More »Notwithstanding the ruling by the Senate Parliamentarian, the US House is expected to give final approval to Biden’s $1.9 trillion American Rescue Plan Act of 2021 as soon as today, with some questions still remaining as to what the final bill will ultimately include. As of this writing, the legislation, which cleared the House Budget…
Read More »Staying out west for the moment, on January 25, the Seattle City Council voted – unanimously – to pass an ordinance mandating that certain grocery store employees receive hazard pay during the COVID-19 pandemic. The City of Seattle minimum wage is currently $16.69 per hour and the hazard pay mandate will add $4 for each…
Read More »Although they may not be offering immunity, a number of other states are offering additional business assistance programs and loosening their purse strings with more funds for business relief. In that vein, New Jersey governor Phil Murphy signed legislation last week that provides up to $14 billion in corporate tax relief to businesses in the…
Read More »Earlier this week, Governor Gavin Newsom announced a new temporary three-part program for small businesses in California in an effort to help them cope with the economic fallout from the coronavirus pandemic. Newsom explained that two of the components of the program are available to small businesses with larger businesses targeted by the third component…
Read More »Ohio Governor Mike DeWine announced this week that the state Bureau of Workers Compensation (BWC) is again preparing to send out worker compensation rebates to businesses across the state. In a press conference on Tuesday, DeWine reported that as much as $1.3 billion in rebates will be returned to Ohio businesses. The rebates, which are…
Read More »While Congress fiddles and diddles with (hopefully) another Coronavirus relief package, some cities and states are using funds received from the earlier federal relief bills to craft grants to help small businesses recover from the economic effects of the pandemic shutdowns. As one case in point, we noted Washington, D.C. Mayor Muriel Bowser is launching…
Read More »In the face of the coronavirus pandemic, states and local communities are taking dramatically different approaches to helping small businesses recover from the shutdown and the general economic turmoil that the pandemic has yielded. In that vein, several have announced small business grant and loan programs in the past (New York, New Jersey, Massachusetts and…
Read More »In other equally important SBA news, the agency this week also announced the reopening of the Economic Injury Disaster Loan (EIDL) program to all small businesses. The popular program, to which Congress had appropriated an additional $50 billion and expanded EIDL eligibility through the CARES Act earlier this year, was quickly overwhelmed and shut down…
Read More »