The Small Business Administration (SBA) has released details on the $349 billion Paycheck Protection Program (PPP) that was included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was enacted last week. SBA 7(a) lenders may begin processing loans as soon as April 3. However, small businesses impacted
Congress passed a $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act. Many Capital Region businesses will need the funding and financial tools it provides to recover from the economic disruptions caused by COVID-19. The Center for Economic Growth is helping local businesses identify stimulus-related funding programs as well as
In response to the coronavirus outbreak, the Center for Economic Growth is leveraging our extensive economic development expertise and status as a federally designated Manufacturing Extension Partnership center to provide the Capital Region’s business community with technical and disaster assistance support. In the past two weeks alone, we’ve consulted with
There is a tremendous amount of information for businesses on how to respond to the coronavirus pandemic and its impacts on operations. It can be overwhelming. That is why the Center for Economic Growth has compiled this list of 25 links we believe are important to both Capital Region employers
New York State is looking for manufacturers that can help produce critical medical supplies during the COVID-19 crisis. The state is encouraging companies that have the proper equipment and personnel to begin manufacturing Personal Protective Equipment (PPE) products, such as masks. We would like to hear from you. If you
Starting the night of Sunday March 22, New York State will require a 100 percent workforce reduction for non-essential businesses. CEG is first advising Capital Region manufacturers to determine whether they satisfy the criteria for “essential manufacturing,” as outlined in an Empire State Development (ESD) Guidance on Executive Order 202.6.
New York State has issued guidance as to what businesses are considered essential and those subject to the mandated 75% workforce reduction. We strongly encourage ALL businesses review these requirements and comply given the greater need for public health and safety. However, if you feel your business provides an
Manufacturers looking for ways to keep their workers safe and reduce their workforces to 25 percent in response to COVID-19-related reduction requirements may want to consider a Share Work Program. This New York State Department of Labor program enables employers to keep trained staff and avoid layoffs. Capital Region companies
Below are some CEG tips and takeaways from Gov. Cuomo’s Executive Order 202.6 requiring non-essential businesses to reduce their n-person workforce at any work locations by 50 percent (later stated to be reduced to 25 percent) no later than March 20 at 8 p.m. The workforce restrictions take effect at
CEG is committed to exercising caution in response to continuing developments to the Coronavirus (COVID-19) outbreak in accordance with evolving guidelines from NYS and local public health officials. To ensure the safety of our staff, members, and clients, we will be working remotely as much as possible, with a plan
