Local Law addressing personal liability provisions in commercial leases raises constitutional law discussion. On May 26, 2020, Mayor Bill de Blasio signed seven COVID-19 relief bills into law during New York City’s first ever virtual bill signing. Among the laws, Local Law 55 of 2020, sponsored by Council Member Carlina Rivera, temporarily prevents the enforcement of personal liability provisions in commercial leases or rental agreements involving COVID-19 impacted tenants. The law also makes it a … <Read More>
Search Results for: COVID-19 Relief
Council Committee Holds Hearing on COVID-19 Relief Bills
Committee hearing calls into question the amount of loans and protections for small businesses during COVID outbreak. On April 29, 2020, the City Council’s Committee on Small Business and Committee on Consumer Affairs and Business Licensing held a joint public hearing on the impact of COVID-19 on small businesses in New York City. Of the thirteen proposed bills, three were specifically labeled as part of a COVID-19 Relief Package. The bills address personal liability for … <Read More>
City Launches Fair Share NYC to Help Small Businesses Access Relief Funds
New federal relief funds are available for minority-owned, female-owned, and other small businesses. On January 13, 2021, Mayor Bill de Blasio and NYC Department of Small Business Services (SBS) Commissioner Jonnel Doris launched Fair Share NYC. The campaign aims to support small businesses and to keep thousands of New Yorkers employed by connecting small business owners to federal relief funds.
Comptroller’s Report Reveals COVID-19 Impact on Minority- and Women- Owned Businesses
Eighty-five percent of the survey respondents expect to go out of business within six months. On July 10, 2020, New York City Comptroller Scott M. Stringer released a comprehensive analysis of the economic hardships minority and women-owned enterprises (M/WBEs) are facing during the COVID-19 pandemic. In response to the survey findings, Comptroller Stringer announced new accountability measures to ensure the City is meeting its M/WBE goals.
Governor Cuomo Announces COVID Rent Relief Program
Renters will not have to repay the rental subsidy. On July 14, 2020, Governor Andrew Cuomo announced a new statewide emergency rent assistance program for low-income families facing financial hardship as a result of the COVID-19 pandemic.