PPP2 loans will be available to first-time qualified borrowers and, for the first time, to businesses that previously received a PPP loan. Specifically, previous PPP recipients may apply for another loan of up to $2 million, provided they:
Have 300 or fewer employees.
Have used or will use the full amount of their first PPP loan.
Can show a 25% gross revenue decline in any 2020 quarter compared with the same quarter in 2019.
Maximum Loan Amounts for the Hospitality IndustryBorrowers that have NAICS Code 72 (typically restaurants and hotels) are permitted to use a 3.5x multiplier of their average monthly payroll costs to calculate their maximum loan amount, subject to the $2 million cap.
Choose Your Own Covered Period
Borrowers are able to choose the length of their covered period so long as it is at least eight weeks and is not longer than 24 weeks
Use of PPP Funds
Use of Covered Operations Expenditures: payments for business software or cloud computing service that facilitates business operations, product or service delivery, the processing, payment or tracking of payroll expenses, HR and billing functions, or account or tracking of supplies, inventory, records and expenses
Covered Property Damage Costs: costs related to property damaged and vandalism or looting due to public disturbances that occurred during 2020 that was not covered by insurance or other compensation
Covered Supplier Costs: expenditures to a supplier of goods that are essential to the operations of the entity at the time at which the expenditure was made and is made pursuant to a contract or order in effect at any time before the covered period or, with respect to perishable goods, in effect at any time during the covered period
Covered Worker Protection Expenditures: operating or capital expenditures that allow a business to comply with requirements or guidance issued by the CDC, HHS, OSHA or any state or local government during the period beginning March 1, 2020 and ending on the date which the national emergency declared by the president expires related to the maintenance of standards for sanitation, social distancing or any other worker or customer safety requirement related to COVID-19. These expenses appear to include PPE, physical barriers that were put in place, expansion of indoor/outdoor space, ventilation or filtration systems and drive-through windows.
PPP loans will not be included as taxable income. Expenses paid with the proceeds of a PPP loan that is forgiven are now tax-deductible.
EIDL Advances Do Not Reduce Forgiveness
Further guidance is expected to be issued.
Forgiveness Applications for Loans Under $150,000
US CHAMBER OF COMMERCE UPDATE VIDEO
COVID-19 VACCINE REGISTRATION
COVID-19 vaccines are on the way to hospitals and clinics across New Jersey. You can reserve your spot to get a vaccine now by pre-registering at the link below
Morris County Office of Health Management is now offering At-Home COVID-19 Testing.
Testing Eligibility: Morris County Residents or Non-Residents working in Morris County. If you are a non-resident, you must submit proof of employment in Morris County (e.g Employee ID, Pay-Stubs, Contact Information of Employer), please allow some time for documentation to be approved.
The Town of Morristown has waived the $250 Sidewalk Cafe Fee for 2020
A café may extend in front of adjacent business(es) with the permission of the property owner and the affected business(es). This is especially effective when hours are complementary.
A café may be placed in front of your establishment from your storefront to the curb
A café may be placed in front of your establishment into the parking stall(s) immediately in front that are not otherwise occupied or dedicated for loading, curbside pick-up or handicapped parking. Should this be approved, the Town will provide safety barriers to be placed on the street side of the parking space. Barriers are available on a first come first served basis while supplies last. We will do our best to accommodate requests.
A café may be placed on adjacent private vacant property (like a parking lot or lawn) with the permission of the property owner.
Capacity of an expansion area will be limited to the number of seats approved as part of a socially distanced layout
No standing patrons will be permitted; everyone must be seated to be served
No patrons are permitted self-service of alcohol unless served to go in compliance with the State’s guidelines; all on-premise alcohol service must be done by wait staff to seated patrons
Capacity for any outside dining area or expansion will be limited to no more than the indoor capacity of the associated business
Each business who wants to have a sidewalk café in the public right-of-way and/or is seeking a COVID 19 Expansion of Premises Permit from the State ABC must submit an application (forms linked) for a permit through the Clerk’s Office that includes:
Certificate of Liability Insurance
Diagram of proposed café including dimensions and placement of furnishings
Signed affidavit(s) from each property owner and affected business for any café that expands to another property giving permission for the café placement.
COVID 19 Expansion of Premises Permit: ABC has created a new permit to allow licensees to expand their licensed premises onto nearby property to accommodate reasonable seating capacity while observing social distancing guidelines. This permit will be available to all licensees with retail consumption privileges and will allow expansion privileges subject to local approval.
Office of the Town Clerk Morristown Town Hall 200 South Street,1st Floor Morristown, New Jersey 07960 Office Hours: 8:30am – 4:30pm (973) 292-6636
To help stop the spread of COVID-19 and save lives, New Jersey businesses, organizations, employees, and customers can participate in the One Jersey Pledge, committing to follow health and safety guidelines during New Jersey’s economic and social restart and recovery.
Note that this pledge provides no liability protection.
Businesses and organizations can download posters with their commitment to customers and to employees.
As part of the One Jersey Pledge:
Businesses and organizations pledge to:
Wear face coverings and gloves for contact with their customers and goods
Ensure social distancing to the greatest extent possible
Follow hygiene guidelines, including regular hand-washing
Clean high-touch surfaces frequently
Train their employees on all health and sanitization protocols
Conduct employee health screenings
Support contact tracing initiatives in the interest of public health
Require employees with symptoms of COVID-19 to stay home
Customers pledge to:
Stay home if they’re not feeling well
Keep their distance (6 feet)
Employers pledge to:
Provide appropriate PPE for employees’ jobs
Provide sanitization materials, training, and time to practice safe hygiene as recommended by CDC
Support contact tracing efforts, while respecting employees’ privacy
Require that employees with COVID-19 symptoms stay home
Employees pledge to:
Follow hygiene guidelines, including regular hand-washing
Wear face coverings at all times and gloves for certain activities