NYS Executive Order No. 202.6 – Guidance Issued

Effective throughout New York State on Sunday, March 22th, 2020, at 8PM EST, the governor has ordered a 100% workforce reduction to non-essential businesses[1]. This follows the guidance issued on Executive Order No. 202.6 6: Continuing Temporary Suspension and Modification of Laws Relating to the Disaster Emergency. As of the date and time listed above, all business and non-for-profit entities…

NYC Small Business Financial Assistance 2020

NYC will be providing financial assistance to small businesses located in NYC Mayor De Blasio announced on March 8th that the City will begin to provide financial assistance/relief to small business located in NYC (across the five boroughs) to mitigate any decrease in revenue caused by COVID-19.[1] The City has two programs small businesses can apply for: NYC Employee Retention…

NYS Paid Family Leave Update

Please find the following update from the New York State Department of Labor: COVID-19 Update: New Legislation to Assist New Yorkers Dear Employers and Business Owners: Governor Cuomo has signed legislation to provide immediate assistance to New Yorkers affected by COVID-19. This will assist New Yorkers who have been subject to a mandatory or precautionary quarantine order and minimize the…

NYS Mortgages Waived for 90 Days

On Thursday, March 19, 2020, Governor Cuomo announced that banks in New York State will waive mortgage payments for 90 days and suspend foreclosures[1]. The waivers will be dependent on financial hardship (those affected by the outbreak, including but not limited to layoffs)[2]. Fees involved with late payments and overdraft on ATM and credit cards will be ignored by banks.…