Chapter News, New York Related News

COVID-19: Business Resources

With daily updates about the economic impact of the Coronavirus (COVID-19) on businesses and questions about the relief offered by the U.S. Government agencies, EACC has put together an overview of state and federal relief available to offset economic losses. American & European small and medium size businesses are facing an unprecedented economic disruption due to the COVID-19 outbreak Congress has put together various loan programs to help those businesses. Concrete as a first step the U.S. President signed into...

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Member News, New York Related News

FaegreDrinker: New York’s New Data Breach Notification Law, What Businesses Should Know

April 3, 2020 As the COVID-19 pandemic continues to demand the attention of corporate leaders and the public at large, businesses have likely had little time to get up to speed on New York’s new data breach notification law, the Stop Hacks and Improve Electronic Data Security (SHIELD) Act. The SHIELD Act, which went into effect on March 21, 2020, significantly alters New York’s prior data breach notification law, both by expanding the reach of information covered and by imposing...

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New York Related News

New York Fed Opens the Registration Process for the Commercial Paper Funding Facility and Releases Additional Information for April 14 Launch

The Federal Reserve Bank of New York today opened the registration process for the Commercial Paper Funding Facility (CPFF) and released an expanded set of Frequently Asked Questions (FAQs) pertaining to the facility’s operations. The CPFF will begin funding purchases of commercial paper on April 14, 2020. Commercial paper markets directly finance a wide range of economic activity, supplying credit and funding for auto loans and mortgages as well as liquidity to meet the operational needs of a range of businesses and municipalities. By...

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Member News, New York Related News

Littler: A COVID-19 Roadmap for New York Employers

March 30, 2020 The U.S. response to the COVID-19 outbreak has included rapid and dramatic changes in local, state and federal employment laws. Some New York employers are struggling to understand the new paid leave laws while others are facing the decision to conduct mass layoffs. This article will provide New York employers with a roadmap of important new COVID-19 developments, including how to determine whether their business operations qualify as “essential,” how to respond when their employees need sick...

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Chapter News, New York Related News

Businesses in the Tri-State Region Struggling to Weather the Coronavirus Outbreak

March 30, 2020 As a result of the coronavirus outbreak, New York State, New Jersey, and Connecticut have closed nonessential businesses and schools and asked residents to stay home in an effort to slow the spread of the virus. These actions are unprecedented, and the economic impacts are likely to be temporary but severe, and difficult to track and measure. With conditions changing so rapidly, timely data on the economic impacts of the outbreak and resultant policies on businesses and...

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New York Related News

Paid Sick Leave for COVID-19 Impacted New Yorkers

Supporting Families Affected By COVID-19 In response to the outbreak of novel coronavirus (COVID-19) in New York State, Governor Andrew M. Cuomo has guaranteed workers job protection and financial compensation in the event they, or their minor dependent child, are subject to a mandatory or precautionary order of quarantine or isolation issued by the state of New York, the Department of Health, local board of health, or any government entity duly authorized to issue such order due to COVID-19. Most employees...

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Chapter News, New York Related News

NYC Coronavirus Update from NYC Mayor’s Office – March 19

An updated message from NYC Mayor Bill de Blasio’s Office for International Affairs regarding NYC’s response to COVID-19. Thursday, March 19, 2020. Dear Colleagues, As part of our ongoing efforts to keep you informed on the City’s response to COVID-19, the NYC Mayor’s Office for International Affairs is sharing the following information from Mayor Bill de Blasio’s press conference on Thursday, March 19, 2020: Statistics (as of 10 a.m. Thursday): 3,615 confirmed cases of COVID-19 in NYC              ...

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Member News, New York Related News

New York Sick Leave, Disability, and Paid Family Leave Benefits for Employees Quarantined Due To COVID-19

On March 18, new legislation was enacted in New York state to provide additional paid sick leave, as well as insurance benefits under paid family leave (“PFL”) and statutory disability (“DBL”) policies to employees subject to a mandatory or precautionary order of quarantine. This legislation is limited to where there is a mandatory or precautionary order of quarantine or isolation issued by the state of New York, the department of health, local board of health or any governmental entity duly...

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Chapter News, New York Related News

NYC’s Coronavirus Update from the Mayor’s Office – March 17

A message from NYC Mayor Bill de Blasio's Office for International Affairs regarding NYC's response to COVID-19.   Dear Colleagues, In an ongoing effort to keep you informed about the City’s response to COVID-19, below are the latest updates from NYC Mayor Bill de Blasio’s press conference on March 17, 2020: Shelter-in-place A decision HAS NOT yet been made but New Yorkers should prepare for possibility of shelter in place order; that decision may come in the next 48 hours • A lot of considerations must be...

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