Today, Governor Walz announced details about Phase II of the Stay Safe MN plan, which begins June 1. The Stay Safe MN plan may be found here.
PPP Forgiveness Application Released
The SBA and Treasury recently released Form 3508, the long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application. Here's an overview.
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.
Survey of Property Tax Deferments in Southeastern Minnesota
Many counties in Minnesota have passed property tax deferments and penalty waivers for the first installment due May 15th. The following is a survey of the current property tax relief measures in southeastern MN counties:
Getting Outside This Weekend? Leaving Home Legally
If you choose to get outside this weekend, know how to leave home legally. At least through May 18, 2020, you cannot leave your home, unless you are performing "Critical Sector" work or are engaging in other activities the government specifically allows.
EEOC Issues New Return to Work Guidance
On Thursday, the United States Equal Employment Opportunity Commission (EEOC) issued additional guidance for how businesses should accommodate workers with medical conditions during the pandemic.
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.
Elective Surgeries Resume Next Week
Governor Walz recently issued Executive Order 20-51. Beginning May 11, 2020, hospitals, ambulatory surgical centers, and clinics-whether veterinary, medical, or dental-may resume a wider range of clinically necessary care, including care that uses PPE or ventilators.
New PPP FAQs: Put Rehire Offers in Writing
On Sunday, the SBA and Treasury Department posted a few more frequently asked questions/answers on the Paycheck Protection Program (PPP).
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.
