Rockland County finance, bankruptcy, environmental, employment
Many brokers and insurers have reflexively said there is no coverage and have discouraged policy holders from filing claims but doing so now could protect you down the road.
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The Palisades Center could go into foreclosure by mid-summer if owner Pyramid Management Group does not find a buyer, according to an inside source at J.P. Morgan.
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Its massive debt of $388.5 million has been transferred to a special CMBS servicing unit because of “imminent monetary default.”
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Only 31 percent of CEOs expect the New York State economy to return to pre-virus levels of revenue and employment within the next six months according to an Upstate New York Business Leader COVID-19 Survey from Siena College Research Institute (SCRI), sponsored by the Business Council of New York State, Inc.
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The value of overall retail sales fell 8.7% from the prior month, the biggest decline in records dating back to 1992, according to Commerce Department data released Wednesday
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Two Rockland small businesses that have received emergency relief from the government this week were surprised and delighted but neither business owner knows whether the funding will be enough to mitigate potential long-term damage the coronavirus may have on the economy.
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Businesses across Rockland and beyond are nervously fretting over the authenticity of promises the government has made to bail them out at a time when the economy has virtually been shut down.
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Businesses should not presume that insurance policies are written in stone. To begin, dust off your policies and call your agent or broker.
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The New York State Department of Labor says anyone who is in the process of filing an application and was told to call back to complete their claim will not have to call back. NBC 4 is reporting that those trying to claim benefits should hear from a rep within 72 hours.
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For many like Bridges, president of Proactiv, a Blauvelt-based audio/video company that provides corporate entities setups for meetings and events, the coronavirus pandemic has caused a grievous interruption to a successful 20-year business and leaves questions about its recovery.
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