DHC: Washington D.C. Update
March 24, 2020 – D.C. Update: Congressional leaders are optimistic they will soon reach an agreement on a stimulus bill that would inject nearly $2 trillion into the nation’s economy. Davidoff Hutcher and Citron’s government relations group in Washington, D.C. has been working around the clock with Members of Congress to ensure that our clients […]
DHC CAN HELP YOU WORK IT OUT
March 24, 2020 – Workouts, Restructuring, Bankruptcy and Creditor Rights Financial distress is one fallout from COVID-19 (coronavirus), with the worldwide supply chain disrupted, businesses shut down, oil prices plummeting, mass unemployment and financial hardship all around. Lenders and borrowers, landlords and tenants, business owners and employees: everyone has been affected to varying degrees. The […]
Governor’s Executive Order 202.6 Guidance
March 20, 2020 – Governor Cuomo and the New York State Economic State Development have provided a list and guidance on essential services exempt from the 75% work from home rule. Please note that the Governor has mandated that all barbershops and nail salons close until further notice. We will have additional information after the […]
Update: Governor’s Executive Order 100% Workforce
March 20, 2020 – Here are some important updates for businesses. We understand that many businesses are looking for clarifications on many of these directives. We are working on getting those answers for you. The situation remains extremely fluid and is changing on a day to day basis. Per Governor Cuomo’s announcement today, all businesses […]
SBA Offers Disaster Assistance to New York Small Businesses Economically Impacted by the Coronavirus (COVID-19)
March 20, 2020 – The SBA Administrator Jovita Carranza has announced that 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). DHC has experience in assisting small businesses with SBA disaster assistance loans and […]
COVID-19: Employment, Student, and Other Sources
March 19, 2020 – Unemployment Assistance New York State is waiving the 7-day waiting period for Unemployment Insurance benefits for people who are out of work due to Coronavirus (COVID-19) closures or quarantines. Visit the New York State Department of Labor website for more information. · NYS DOL is implementing a new filing system based on the first […]
Update: Governor’s Executive Order 75% Workforce
March 19, 2020 – UPDATE: Governor Cuomo has just held his news conference and announced that Executive Order 202.6 will be adjusted from 50% to at least 75% of the workforce of non-essential services must work from home. Please see below for the full details. The executive order from Governor Cuomo requiring businesses to keep […]
Update: Governor’s Executive Order 50% Workforce
March 19, 2020 – Good Morning – DHC will be sending out important updates most mornings and afternoons as we have new information for you. The executive order came out overnight from Governor Cuomo requiring businesses to keep at least 50% of their workforce at home and is provided in the link below. You will […]
New York City Resources for Small Businesses
March 18, 2020 – New York City Resources Small businesses are now eligible to apply online for an employee retention grant. The NYC Department of Small Business Services is also working as quickly as possible to set up the zero-interest loan program and will be sharing more information on that in the days ahead. The […]
Legislative Update: Covid-19
March 11, 2020 – In light of recent developments regarding the spread of COVID-19, we wanted to update you on measures that are either being taken, or considered, to address economic concerns. Please keep in mind that this is a very fluid situation, and information is constantly evolving. However, here’s what we’re hearing so far: […]