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May 2020 Archives

Stay Home Order Will Lift

Yesterday, Governor Walz issued Executive Order 20-56, which announces the stay‑home order will lift starting May 18, 2020. At that time, "individuals may leave their homes for activities," subject to certain requirements and guidelines.

Most PPP Borrowers Receive Certification Safe Harbor

The SBA and Treasury issued new guidance on PPP loan-request certifications. Most PPP borrowers will now benefit from an automatic safe harbor, which should remove certification questions for loans under $2 million. Specifically, the guidance says that borrowers that "received PPP loans with an original principal amount of less than $2 million will be deemed to have made the required certification concerning the necessity of the loan request in good faith." Most PPP borrowers will benefit because very few PPP loans exceed $2 million.

EEOC Announces Delay in Collection of EEO-1 Information

As a result of the current public health emergency, the Equal Employment Opportunity Commission (EEOC) announced on May 7 a delay until March 2021 of the collection of EEO-1 Component 1 information. EEO-1 Component 1 information asks for the number of employees who work for a covered business sorted by job category, gender, race, and ethnic background.

Stay-Home Order Extended and Modified

Yesterday, Governor Walz signed Executive Order 20-48, which requires that Minnesotans stay home until May 18, 2020. In many ways, the order is an extension, rather than a modification, of the previous stay-home order. You cannot leave your home, unless you are performing "Critical Sector" work or engaging in other activities that the government specifically allows. You should continue to social distance and telework where possible.

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Dunlap & Seeger, P.A.
30 3rd Street SE
Rochester, MN 55904

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