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Category: Kaplin Stewart Blog

PENNSYLVANIA CONSTRUCTION ACTIVITY ALLOWED TO RESTART ON MAY 8

5/6/2020 | Articles & Alerts, General, News & Resources

On April 20, 2020 Pennsylvania Governor Tom Wolf and Secretary of Health Rachel Levine issued Amendments to existing Orders that had prohibited non-life essential construction activity in Pennsylvania because of the COVID pandemic. The Amended Orders authorize “limited” residential and commercial construction activity in Pennsylvania (which had been previously restricted) to commence starting on May 8, 2020. Such activity includes residential and commercial construction and residential and commercial tenant fit out work. Amended FAQs issued with the Amended Orders state […]

DEP AND EPA TO ASSIST HOLDERS OF ENVIRONMENTAL PERMITS

5/4/2020 | Articles & Alerts, General, News & Resources

In accordance with Governor Wolf’s Proclamation of Disaster Emergency of March 6, 2020 and the Governor’s powers pursuant to the Emergency Management Code, 35 Pa.C.S. §7301, the Governor has authority to suspend regulatory obligations and other legal obligations where strict compliance will prevent, hinder, or delay necessary action in coping with the COVID-19 emergency. The Pennsylvania Department of Environmental Protection (“DEP”) has announced the availability of a process for requesting temporary suspensions of environmental permitting and regulatory compliance obligations. Regulated […]

Treasury Issues Additional Guidance and New Application Form for Paycheck Protection Program Loans

4/6/2020 | Articles & Alerts, General, News & Resources

On April 2, 2020, the United States Treasury and the Small Business Administration (SBA) issued additional implementation guidelines and requirements for its Paycheck Protection Program (PPP)—a key component of the CARES Act stimulus package intended to incentivize small businesses and sole proprietorships to maintain payroll during the COVID-19 crisis by providing them with access to forgivable loans for payroll and overhead through existing SBA lenders (“PPP Loans”). In the new guidelines, the SBA clarifies certain provisions of the CARES Act, […]

Frequently Asked Questions about the Paycheck Protection Program (PPP) Loans Under the CARES Act

4/1/2020 | Articles & Alerts, General, News & Resources

What is the PPP Loan Program? This is an expansion of the SBA Section 7(a) loan program to incentivize employers to retain and pay its employees using loan proceeds of up to $10 million which can be paid back over up to 10 years at a maximum interest rate of 4%. These PPP loans may also qualify for tax-free loan forgiveness of up to 8 weeks of the employer’s operating costs. Who qualifies as an Eligible Employer? Any business that […]

CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY (CARES) ACT SUMMARY

4/1/2020 | Articles & Alerts, General, News & Resources

Below is a summary of the highlights of the CARES Act, including those relating to expanded SBA (potentially forgivable) Loans programs, Unemployment Compensation and Other Individual Benefits, and certain Tax Incentives. The just enacted federal CARES Act offers significant financial support to “small” businesses and individuals who have suffered economic impact from the COVID 19 pandemic. A summary of those portions of the Act which provide benefits to small businesses, individual employees and their families, and certain tax incentives, follows. SMALL […]