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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The volunteer movement called Nyack Mask Makers, born a mere two weeks ago, has since produced more than 4,000 face masks for Nyack Montifiore Hospital, nursing homes, rehabilitation facilities, Nyack Ambulance Corp, the Orangetown Police, the County Sheriff’s department, and more.
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Smart landlords are doing more than offering rent abatement to tenants during this unprecedented time of upheaval. Instead, they are hiring small business consultants to help tenants navigate federal loan assistance programs because rent abatement may not be enough to salvage a tenancy
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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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Just over half of New Yorkers, 51 percent, are concerned with being able to meet their monthly financial obligations and 37 percent of all New Yorkers, 46 percent of those 18-34 years of age and 48 percent of those 35-49 years of age, are concerned with being laid off
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businesses across the spectrum are doing what they can to sustain relevance. Among the most nimble and sought-after are tech companies, as we can see here in three local examples.
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There are millions of leases in place on commercial property. Most have incorporated considerations for scenarios from A to Z. But not necessarily a widespread and devastating health pandemic.
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