Dutchess Business Notification Network Update for Wednesday, May 13, 2020

Below are updates and resources for businesses, employers, and employees. Please feel free to forward this email to anyone you believe would benefit from this information.

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Update for Wednesday, May 13, 2020

• Complimentary reusable cloth face coverings are once again being made available to essential businesses and nonprofit organizations located in Dutchess County. They will be available for pickup on May 15. Registration is required by tomorrow at 2 p.m. and can be done so by clicking HERE.
• The U.S. Department of Agriculture (USDA) Agricultural Marketing Service (AMS) and Farm Service Agency (FSA) will host a webinar on Thursday, May 14, at 1 p.m. This webinar is for farmers, ranchers and other producers interested in applying for direct payments through the Coronavirus Food Assistance Program (CFAP). To register for this webinar, click HERE.
• An updated FAQ has been posted today on treasury.gov addressing how SBA will evaluate the good faith certification regarding the necessity of the PPP loan request. It can be found HERE.
• The safe harbor deadline for businesses to return PPP funds if they determine that they were ineligible has been extended until tomorrow, 5/14, pending publication of the procedures for returning the funds. If the guidance is not ready by then, we would expect another extension of the deadline.
• The EIDL Advance has no reporting requirements and does not have to be repaid. It is designed to provide immediate economic relief. This is independent from the EIDL Loan and not part of the Loan’s terms and conditions. Any Advance funds will be deducted from PPP forgiveness, however.
• EIDL Loan funds may only be used for working capital expenses. Business expansion or acquiring fixed assets are not eligible uses of proceeds.
• In today’s (Wednesday) press conference Governor Andrew Cuomo said 12 additional counties can now conduct elective surgeries because of the decreasing infections in the state.
• NYS Comptroller Thomas DiNapoli's office has released an analysis of the state's fiscal outlook. "The state’s Enacted Budget Financial Plan anticipates a dire fiscal outlook in State Fiscal Year (SFY) 2020-21 and projects sweeping budget cuts that could affect essential services provided by the state, schools and local governments..." The full report can be found HERE.

If you have any questions regarding the information in this notification or any other business related concerns and suggestions, please email Contact@DutchessBNN.com. Please do NOT contact elected officials regarding information in this email as they are currently inundated with handling the government response to this crisis. This network was created to help coordinate responses and share the burden, and we ask that you please contact us with any questions or concerns so our elected officials can focus on their task at hand. Thank you for your continued support through this time.

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