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COVID 19 Update 14.1

Post: Mar. 25, 2020

Deal Reached on $2T Coronavirus Stimulus: What It Includes for SMBs

The economic impact of COVID-19, also known as the coronavirus, prompted the Senate and the Trump administration to release a $2 trillion stimulus package intended to bolster businesses and individuals, as many Americans remain out of work because of the pandemic.

What’s in the coronavirus stimulus plan for small businesses?

Read More at Business News Daily


SBA Offers Disaster Assistance to New York Small Businesses Economically Impacted by the Coronavirus (COVID-19)

The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to New York small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today. SBA acted under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, to declare a disaster following a request received from Gov. Andrew M. Cuomo on March 17, 2020.

NY_16346 EIDL Fact Sheet


Business Council of New York State Offers an Excellent Explanation of State and Federal Leave Laws

We thank them for sharing! 

Business Council of NY Guidance on Leave Laws


Ventilator Manufacturers Need More Components

Companies such as Royal Philips want to make more ventilators to meet demand caused by the coronavirus pandemic, but they lack enough circuit boards and other parts to do so. US manufacturer Calumet Electronics has gotten orders for tens of thousands of the boards.

Read the Full Story at BNN