Forgiveness & PPP Flexibility Act

The Senate just passed the PPP Flexibility Act, which attempts to resolve many of the shortsighted provisions of the original loan program. There is still funding available, so if you have been holding out due to the onerous terms, you might want to reconsider.

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New York Reopening + NY Forward Loan Program

Governor Cuomo announced that construction staging can commence in Mid-Hudson and Long Island, in anticipation of those regions reopening next week. He also said New York is setting up a $100 million loan program to help small businesses stay afloat a little longer.

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Construction Among those Hit Hardest By Unemployment Crisis

Yesterday, the U.S. Department of Labor reported nearly 3 million more unemployment applications were filed in the last week. That brings the total to a staggering 37 million since the pandemic started. Construction saw the third largest drop in employment over the past two months at 13%, with New York shedding the most workers with a 41% drop.

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Job Site Reopening Guide

Contractors are anxious for a broad reopening of job sites as the region's COVID cases continue to decline. But with the restart of work comes the new reality of job site safety. We've pulled together considerations and resources to help you and your team get back to work safely.

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Capitalizing on Low- and Interest- Free Loans

While some construction sites in the NYC region have been reopened, stretching cash continues to be critical for most contractors. With stimulus funds slowly starting to hit bank accounts, we rounded up some reminders and tips on how to make it last - including social security tax deferral.

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Construction in "Phase 1" of NY Reopening Plan

Cuomo announced a phased reopening of New York, with upstate regions like Central New York and North County potentially set to permit construction as soon as May 15th, when the "Pause" ends, assuming coronavirus cases continue to decline.

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Online Safety Training Discounts

With so many construction sites temporarily closed, now is a perfect time to get your safety training up-to-date. We're partnering with ClickSafety to provide discounts of up to 25% on their online coursework. Sign up for more information.

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"Essential" Construction in NYC

On Friday, NYC's Department of Buildings released an interactive map showing active "essential" construction sites throughout the city. After 35,000 job sites were ordered closed after Cuomo's executive order, NYC now shows over 5,000 job sites are active.

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Stimulus for American Workers

On March 27th, Congress approved a $2 trillion stimulus package to help Americans amid the COVID-19 pandemic. It includes a wide range of benefits, from stimulus checks and expanded unemployment to protection for renters and homeowners.

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Paycheck Protection Program

This past Friday the massive $2.2 trillion stimulus bill was signed into law. This will have a major impact on you, your business, and your employees. We've broken down key points for one of the most significant parts of the stimulus for small businesses — the Paycheck Protection Program.

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SBA 7(a) Lenders in NYC Area

With the $2.2 trillion stimulus bill working its way through congress, there are steps you can take to prepare for the Paycheck Protection Program. We've collected a list of past SBA 7(a) lenders in the region and their contact information so you can get ahead of the rush.

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Navigating Uncertainty w/Covid-19

We've been speaking with a few of our contractors about how to buckle down during these uncertain times. We wanted to broaden the conversation and share some of that advice with the community. First, a few tips on managing your working capital through credit limits, insurance adjustments, and vendor payments.

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