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COVID 19 Update 16

Manufacturing is Essential

Manufacturers across the Hudson Valley, New York State and the United States are mobilizing to supply desperately needed health care equipment and to keep supplying the essentials for daily life – while at the same time keeping our employees and communities safe. We should all be proud of the efforts we are making to end this pandemic.  But we have much more work to do.

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Key Provisions and FAQs from the CARES Act (Fed Stimulus)

The CARES Act COVID-19 relief bill the Senate passed Tuesday night and which the House is expected to pass it today.  Our partners at NAM secured some key wins in the legislation, including new federal loans and loan guarantees to help businesses get through this difficult time and tax incentives to aid manufacturers, such as a new credit for companies that retain workers during a temporary closure.

Read a summary of key provisions in the bill here and an FAQ document about the bill here.

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FuzeHub Compiles Useful list of Resources for New York’s Manufacturers.

Our friend (and Associate Member) FuzeHub has put together a very useful list of resources for New York State manufacturers coping with the many issues arising from the coronavirus outbreak.

FuzeHub COVID-19 Resources for Manufacturers

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COVID 19 Related Employment Law Issues Web Conference Essential HR Discussion with Greenwald Doherty  

When: Monday, March 30, 2020 at 1 pm
Where: Online webinar/conference call
Cost: No fee to participate

contact abutler@councilofindustry.org for more information.

Register here

Through this discussion with three partners at Greenwald Doherty, participants will learn about best practices for managing the workforce, workplace safety and employer options concerning sick time, FMLA PFL, salary reductions and layoffs.

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China Is Open for Business, but the Post-coronavirus Reboot Looks Slow and Rocky

The Wall Street Journal reports that more than two months after imposing quarantines to counter the coronavirus, China is getting back to work. It is a slow and rocky process, one that rests on the world battling back successfully against the pandemic.

With new infections dwindling, factories are restarting, stores are reopening, and people are venturing outdoors. In some ways, China is where the U.S. and Europe hope to be within weeks or months.

Yet many Chinese factories find demand for their products has evaporated. Consumers in China and elsewhere are reluctant to spend over worries about what they have lost and what lies ahead.

Read More (subscription required)

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