What to Know About New Rent Legislation
For Restaurants (and Tenants). For restaurants and bars across the NY Metropolitan area, and for tens of thousands of industry workers, April 1 means one big thing: Rent is due. Though costs like labor and food have largely been eliminated, rent is a cost that doesn’t go away with a shutdown for most businesses or for apartment tenants who are now unemployed. But states and local officials have made some changes in hopes of helping, such as suspending evictions, and more laws are in the works. Here’s everything to know about what’s already been done — and what still needs to happen.
NJEDA’s Covid-19 Economic Relief Package
NJ Small Business Emergency Assistance Grant Program. The purpose of the Small Business Emergency Assistance Program is to provide short-term, immediate payroll and working capital support to New Jersey small and medium sized enterprises (businesses and non-profits) (SMEs), between one and 10 full-time employees (FTEs), facing prolonged operating restrictions or closure due to the COVID-19 outbreak, thereby helping to stabilize their operations and minimizing any potential furloughs and/or layoffs.
Did You Know?
Bielat Santore & Company’s “Thursday Restaurant Rap” begins today. This series will appear each Thursday within the company’s Restaurant Industry Alert daily bulletins. It presents recorded virtual video interviews with local restauranteurs and other industry professionals, many of who are the firm’s clients, customers and associates.
Today’s exclusive interview is with Angelo DiCapua, CEO, MJ’s Restaurants, New Jersey.
Coronavirus checks: 5 things the IRS wants you to know. As people stay home to #flattenthecurve and prevent the spread of coronavirus, several chefs and industry professionals have found a way to engage with social-distancing viewers via virtual classes.