Economic Relief & Community Assistance

Economic Relief

With businesses brought to a halt and all but New York’s essential workers sheltered at home, the state and the nation face the potential of economic disaster on a scale not seen since the 1930s. Policymakers are resorting to emergency measures to prop up the economy, offering trillions in economic relief in the form of credit guarantees, funding, loans, forbearance, forgiveness, and more. As new legislation and regulations unfold, we will continue to offer legal advice to those affected by the novel coronavirus, helping businesses navigate the way to increased liquidity and maintenance of a robust workforce, and individuals to maximize their chances at financial security.

https://www.nylaborandemploymentlaw.com/2020/10/mayor-de-blasio-signs-legislation-to-expand-protections-for-workers-and-commercial-tenants-affected-by-pandemic-related-closures/ (Oct. 19, 2020)

A Crash Course in the Paycheck Protection Program Forgiveness Application (May 19, 2020)

The CARES Act Provides Financial Relief for Those Struggling to Pay Their Student Debt (May 15, 2020)

New Guidance Issued, PPP Loans of $2 Million or More to Face Scrutiny When Forgiveness is Sought (May 13, 2020)

Breaking News: Governor Cuomo Extends Moratorium on Evictions Through August 20, 2020 (May 7, 2020)

PPP Updates: IRS Issues Tax Ruling, Treasury Announces Audits and Safe Harbor Period Extended (May 7, 2020)

Legislation Appropriating Additional Funds to the Paycheck Protection Program Passes,But Access to New Applicants Will Be Limited (April 24, 2020)

New York City Council Introduces Rent Relief Legislation (April 24, 2020)

Federal Reserve Loans Under Title IV of the CARES Act (April 20, 2020)

Paycheck Protection and EIDL Loan Programs Depleted, Senate Adjourns with No Deal for Additional Funding (April 16, 2020)

U.S. Treasury Posts PPP Interim Final Rule Relating to Self-Employment, Dealing Blow to Partnerships and LLCs (April 15, 2020)

U.S. Treasury Department Issues Guidance on Paycheck Protection Program Loans (April 9, 2020)

Expanded Unemployment Benefits Under the CARES Act (April 5, 2020)

How to Become a Paycheck Protection Program Lender (April 4, 2020)

Navigating the Rules and Guidelines Applicable to the Paycheck Protection Program (April 3, 2020)

Title IV of the CARES Act Offers Financial Opportunities to Businesses in Aviation and National Security (April 3, 2020)

U.S. Treasury Department Releases Paycheck Protection Program Fact Sheets and Application (March 31, 2020)

A Summary of Relief Available to Businesses Under the CARES Act (March 30, 2020)

CARES Act Becomes Law, Bringing Substantial Relief to Individuals and Businesses (March 27, 2020)

Community Assistance

In these trying times, many us find ourselves, or our families, friends and/or neighbors in search of help with the most basic human need: food. All of the attorneys and staff members at Jaspan Schlesinger LLP empathize with those who find themselves in that position, and we wish to highlight some of community services available to those in need.

Long Island Cares: The Harry Chapin Food Bank is a tremendous resource in locating food pantries. Individuals can visit licares.org, and search by zip code for a list of providers in their local community. You can also apply for Long Island Care’s mobile food pantry, which brings food to those who are unable to travel.

Island Harvest: Island Harvest is a second resource for Long Islanders, and supports a network of 400 community partners that provide services to seniors, veterans, families and children. The organization is a lifeline for people struggling to put food on their tables during this public health crisis. For assistance, visit islandharvest.org or call (631) 873-4775.

Many local restaurants have also answered the call to assist fellow Long Islanders during this crisis. For example, Dang BBQ, with locations in Islip and Seaford, intends to assist up to 50 families every day . Visit their website, dangbbq.com, for more information or to donate. La Famiglia in Smithtown has also committed to donate meals to the elderly and needy. Call (631) 382-9454 for more information.