Twenty twenty-one will be a big year for businesses and not just because of COVID-19. With the election over and the inauguration forthcoming, we wanted to bring you a brief forecast of what businesses can expect during the Biden Administration. While the President-Elect’s transition platform provides clues, the Administration’s future business and employment policy goals…
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The U.S. Treasury and Small Business Administration (“SBA”) officially reopened the Paycheck Protection Program (“PPP”) on January 11, 2021, but with a caveat. PPP funds are initially only available for those for businesses applying through community financial institutions (“CFI”) that typically serve the concerns of traditionally underserved small businesses. The SBA has announced that this…
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The COVID-19 pandemic has broadly impacted the residential real estate industry in both the context of overall market conditions and in the context of the structure and logistics of individual transactions. In February and March of 2020, many state and local governments initially responded to the pandemic by instituting shutdowns that severely limited economic activity…
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Employers across the country are looking towards a time when business operations can return to pre COVID-19 operations. While there is no clear guidance as to when this will occur, many states are beginning to formulate plans to relax workplace restrictions. The following is an update as to the status of economy reopening in Massachusetts, Connecticut,…
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While the Coronavirus has struck all aspects of the economy, hotels and motels are in a unique situation; they are considered an essential service and can stay open but more and more, the economics of staying open are simply not viable. Before widespread implementation of ‘Stay at Home’ orders due to the COVID-19 pandemic, average…
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As various states (and local governments) begin (and continue) lifting or loosing up the stay-at-home restrictions, restaurants and other food and beverage retailers throughout the United States are now dealing with new legal challenges, regulatory compliance and operational impediments. Nearly all restaurants and other food and beverage retailers have taken a substantial hit as a result…
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With the rapid pace within which the COVID-19 situation unfolded during the prior 6 weeks, employers were caught off guard and not afforded the luxury of careful planning typically associated with layoffs. Now that things have begun to normalize, employers should take care to evaluate which actions may have triggered obligations under the Federal Worker Adjustment…
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The Tax Cuts and Jobs Act, enacted in December 2017, created a national Opportunity Zone program to provide significant Federal tax incentives, including foregoing capital gains taxes, for investors who invest long term in 8,700 historically distressed neighborhoods throughout the United States that have been designated as Opportunity Zones by the Governor of each State…
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Many industries have been upended by the Coronavirus epidemic and the local, state and national government response. Because of the fundamental role real estate plays in our economy and the broad umbrella of activity that falls under the category of “real estate development”, developers, property owners and tenants have been particularly impacted. Landlords, tenants, contractors,…
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In the past month many employers have been forced to learn to manage the COVID-19 threat while continuing operations. Employers that shut down operations are going to be confronted with the same challenges, as they prepare to reopen once government ordered lockdowns are lifted. This alert addresses some recent guidance and regulations issued under federal law. While…
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