Small business Paycheck Protection Program available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) providing 100% guaranteed and forgivable loans for payroll, employee benefits, rent, mortgage, lease payments, and utility payments due to the coronavirus COVID19 pandemic.
Posts Tagged: #coronavirus
Update on Lockdown Executive Orders for Financial Institutions and Clients
Puerto Rico Governor Executive Order No. 2020-037 “authorized the operations and personnel strictly necessary to carry out transactions directly related to financial incentives or assistance, through local and federal programs, for non-profit organizations, and small- and medium-sized businesses, as defined by the Small Business Administration (SBA). To carry out the transactions related to the funds approved under the CARES Act,” …
Puerto Rico Lockdown Order Extended to May 25th, with Exceptions, Requires Workplace Contagion Risk Management Plans
On Thursday, April 30th, 2020 the Governor Wanda Vázquez announced that she would extend the lock down and curfew orders with certain modifications providing for new exceptions to certain services, businesses and industries set to reopen, provided they met special safety and health standards, requiring Contagion Risk Management Plans, and allowing people to exercise. The Department of State published the new Executive Order No. 2020-038 on Friday, May 1st, 2020 at about 6:10 p.m.
Puerto Rico Enacts Supplemental Paid Sick Leave Effective Immediately
On April 9, 2020, Puerto Rico enacted into law Act No. 37-2020, in response to the COVID-19 pandemic, to establish a special paid sick leave for non-exempt employees infected (or are suspected of being infected) due to a state of emergency declared by either the Governor of Puerto Rico or the Secretary of the Puerto Rico Health Department.
