COVID-19 Updates and Resources
- ENDING TODAY : NYC Employee Retention Grant – The City will stop accepting new applications for the Employee Retention Grant today, Friday, April 3rd, at 5 p.m. but DO NOT PANIC. The key features of this grant is being “replaced” by the SBA Paycheck Protection Program (more information below). Interested businesses with fewer than 5 employees should apply ASAP as applications that are submitted before 5 p.m. today will still be processes. Click here for more information.
- Paycheck Protection Program (PPP) – Although today is the official launch date of this program, we are receiving reports that many banks and lenders are not ready to accept the applications at this time. Please contact your bank or lender to get guidance on when you can submit your application. You should prepare to submit application ASAP, as the size of this program is capped at $349 million nationwide. We recommend reviewing the Sample Application to ensure you have the basic information for the application. We are closely following the development of this program. Click here for more information or see below.
- On Wednesday, April 8, join us for a COVID-19 Town Hall Webinar with LICP Member Farrell Fritz on Employment Strategies During a Pandemic.More information here.
- The CARES Act – The Coronavirus Aid, Relief, and Economic Security (CARES) Act primarily provides financing assistance to small businesses and non-profits through SBA and other tax provisions. Regulations and procedures are still being developed, but the major programs and initiatives of the Act include:
- Paycheck Protection Program – Provides traditional 7(a) Loans with payment forgiveness of up to 8 weeks of payroll based on employee retention and salary levels, no SBA fees, and at least six months of deferral with maximum deferrals of up to a year
- Emergency Economic Injury Grants – Provides up to $10,000 of advance that does not need to be repaid to applicants of the SBA Economic Injury Disaster Loan.
- Employee Retention Tax Credit for Employers Subject to Closure or Experiencing Economic Hardship – Provides a refundable payroll tax credit for 50% of wages paid by employers whose operations have been fully or partially suspended as a result of government order.
- Delay of Payment of Employer Payroll Taxes – Provides deferment to allow taxpayers to delay paying the employer portion of certain payroll taxes through the end of 2020.
- Governor Andrew Cuomo has issued a plea for additional healthcare workers. 1199SEIU employers are seeking of workers at all levels and in all staff positions as our healthcare system responds to the current COVID-19 pandemic. Click here for more information and to apply.
- NYS Unemployment Filing – NYS’s Department of Labor is working tirelessly to handle incoming claims. If you have been unable to get through the phone and/or online system this week, please keep trying. Once filed, all benefits will be retroactive to the day you were out of work. For more information, please contact 1-888-4-NYSDOL (888-469-7365). Or visit http://labor.ny.gov.
- Federal Tax Credit to Support Paid Sick Leave – Employers with less than 500 employees can claim a special 100% reimbursement for employee paid leave, up to 80 hours paid sick leave and expanded paid child care leave per employee. Self-employed individuals can receive an equivalent credit. We recommend discussing this option with your accountant or tax professional. For more information, please visit the IRS website.
- Governor Cuomo signed the "NEW YORK STATE ON PAUSE" Executive Order. This order mandates 100% closure of non-essential businesses statewide. This order went into effect on Sunday, March 22nd at 8pm. Click here to see a list of essential businesses that will remain open. Click here to read the full executive order.
- NYC Parks Department has announced closures and changes due to COVID-19 including banning team sports and encouraging people to practice social distancing while in the parks. This will be enforced by Parks Enforcement Patrol and the NYPD. Click here for more information.
Grant and Loan Assistance Programs
We have launched a new social media campaign in an effort to help small local LIC businesses during this crisis. We are proactively encouraging people to support local LIC businesses by ordering in food, picking up taking, ordering from a caterer or purchasing a gift card to use later on. Please join us in promoting the below campaign and together we can help our local businesses during this difficult time.
If you are currently open and operating for delivery/takeout or offering any special promotions, please let us know that way we can do anything we can to help direct customers your way. Reach out directly to Carla Nicdao at firstname.lastname@example.org and make sure to use the hashtag #SupportLICLocal on your posts!
Please help us spread the word far and wide, and keep supporting each other!
LIC Community Support
Our community needs the support of each other and, together, we will get through this. Members of the LIC Community have come together to create a LIC COVID-19 Relief Group that is focusing on certain areas of donations and volunteers. We have created a resource highlighting how you can get involved and for requests from LIC-based nonprofits.
If you're an LIC-Based nonprofit and want to add information to our page about your organization, please reach out to Carla Nicdao at email@example.com.
Due to COVID-19, many businesses are experiencing significant disruptions in operations, and the employees are also being affected. The NYC Department of Small Business Services has created this Guidance for Business Owners to provide some tips to help address changing operations during this time. The page is frequently updated as new information becomes available and include guidance on:
- General Good Practices
- Workplace Safety
- Industry-Specific Practices
- Alternative Work Arrangements
- HR Policies
- Business Disruption Insurance
COVID-19 Prevention Tips and Resources
- Stay home if you are sick. Avoid close contact with people who are sick.
- Cover your nose and mouth with a tissue or sleeve when sneezing or coughing — do not use your hands.
- Wash your hands often with soap and water for at least 20 seconds, or use an alcohol-based hand sanitizer.
- Do not touch your face with unwashed hands.
- Do not shake hands. Instead, wave or elbow bump.
- If you have family or friends who are elderly, have compromised immune systems or chronic respiratory or coronary issues, do not visit them if you feel sick. Stay home and keep your loved ones safe.
- Consider telecommuting, biking or walking to work if possible.
- Consider staggering working hours. For example, instead of 9 a.m. to 5 p.m., change some work hours to 10 a.m. to 6 p.m. or 8 a.m. to 4 p.m.
- Clean and disinfect frequently touched objects and surfaces using a regular household cleaning spray or disinfecting wipes.
- Get your flu shot. Although the flu shot will not protect you from COVID-19, it will help prevent the flu which has similar symptoms to this coronavirus.