Governor Cuomo announced that construction staging can commence in Mid-Hudson and Long Island, in anticipation of those regions reopening next week. As part of the Phase 1 reopenings around the state, the Governor's office also updated it's New York Forward Reopening Guidance, including:
Separately, Cuomo said that New York is setting up a $100 million loan program to help small businesses stay afloat a little longer. The program is available to small businesses with up to 20 employees and less than $3M in gross annual revenue, which have not secured a PPP or EIDL loan. The general loan terms follow:
And notably, unlike the PPP debacle, this program is not first-come, first-served. Pre-applications are currently open - visit NY Forward Loan for more information.