By Raj Dhaliwal The Governor’s Office of Economic Development (“GOED”) announced the Utah Leads Together Small Business Bridge Loan Program (“Program”) to help businesses in Utah stay afloat during the unprecedented COVID-19 Crisis (“Crisis”). The Program will provide over $8,000,000 in loans to eligible small businesses, which will be disbursed in at least two separate… Read more »
By Christopher N. Nelson This afternoon the U.S. Small Business Administration released interim guidance on implementation of the Paycheck Protection Program (“PPP”). This guidance, while not final and subject to change, is helpful to both small businesses and lenders as they participate in this program under which loans are available beginning April 3, 2020. In… Read more »
By Christopher N. Nelson Among other provisions designed to provide relief to individuals and businesses affected by the novel coronavirus, the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) provides incentives to encourage charitable giving and assist nonprofit organizations during these challenging times. Incentives to Encourage Increased Charitable Giving Charitable Benefits for Non-Itemizers. … Read more »
By Steve Jones On March 26, 2020, the Environmental Protection Agency (EPA) issued a memorandum outlining “COVID-19 Implications for EPA’s Enforcement and Compliance Assurance Program.” In the memo, EPA announced that it was temporarily modifying the Agency’s enforcement of certain environmental obligations in response to the COVID-19 pandemic. EPA’s new policy will apply retroactively to… Read more »
By Katherine Priest Since the time Governor Herbert declared a state of emergency as a result of COVID-19, the Utah Division of Consumer Protection has been aggressively pursuing local companies and individuals suspected of price gouging, particularly related to the sale of medical supplies and equipment or other consumer goods in high demand at this… Read more »
By Brent D. Wride In the face of the world-wide pandemic that has forced many restaurants and small businesses to close, business owners are wondering where to turn to find financial help to weather the storm. One possible answer may be insurance policies that cover “business interruption” losses resulting from COVID-19 closures. Many companies have… Read more »
By Raj Dhaliwal What is the Salt Lake City Emergency Loan Program? Mayor Erin Mendenhall and the Salt Lake City Council recently announced the Salt Lake City Emergency Loan Program (“Program”) to help support small businesses during the COVID-19 Crisis (“Crisis”). The Program provides a total of $1,000,000 in loans to eligible small businesses, which… Read more »
By D. Zachary Wiseman, Gavin M. Reese, and Aaron C. Hinton A SUMMARY OF “PAYCHECK PROTECTION” LOANS To stimulate the national economy in the wake of the COVID-19 pandemic crisis, the CARES Act provides an unprecedented $2 trillion of economic relief to businesses and individual citizens across the country. For employers, the most significant provision… Read more »
By Michael K. Erickson Read more about Salt Lake County’s “Stay Safe, Stay Home” order here. On March 27, 2020, Utah Governor Gary Herbert issued a Directive to the State of Utah to “Stay Safe, Stay Home.” In the Directive, Governor Herbert stresses that it is “not to be confused with a shelter-in-place order,” but… Read more »
By Michael K. Erickson On Sunday, March 29, 2020, Salt Lake County Mayor Jenny Wilson ordered county residents to “Stay Safe, Stay Home,” except to engage in essential activities and work to provide essential business, infrastructure, or governmental services. This Advisory highlights the specific requirements for Salt Lake County businesses and nonprofit organizations, which became… Read more »