The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers.
President Trump has now signed the COVID-19 relief package that was approved by Congress last week. An overview of important points for the local business community is provided.
On May 18th, New York State issued detailed guidelines for the reopening of Phase 1 businesses, which are required to be adhered to prior to reopening during the COVID-19 Public Health Emergency. The state’s guidance, which can be found at https://forward.ny.gov/, includes: Summary Guidelines for employers and employees; Detailed Guidelines, which contain a Business Affirmation component; and a Business Safety Template, which must be completed and posted at the premises.
“Businesses must go to the NY Forward Website and electronically sign the detailed guidance documents, after they’ve read them for their business type, before they can reopen,” said Mark Geise, Deputy County Executive and CEO of the County of Chautauqua Industrial Development Agency (CCIDA). “They also need to complete the business guidance template, print it out, and keep it close at hand at their business location in case of an inspection by the NYS Department of Health, or local health or safety authorities.”