Legislation just signed by President Trump includes $284 billion for 1st and 2nd forgivable Paycheck Protection Program loans. It expands eligibility for local newspapers, as well as local TV and radio broadcasters. The legislation provides $20 billion for Economic Injury Disaster Loans.Businesses receiving PPP loans may take tax deductions for expenses covered by forgivable loans. The new law extends the tax credit for needy employers who keep employees on payroll. It allows those receiving tax credits to qualify based on their 2019 incomes.
Author: Frank V
After years of unsuccessful attempts by various local organizations and officials, the Throggs Neck BID managed, (thanks to the efforts of Executive Director Bob Jaen) in its very first year of operations, to get an evergreen tree planted at Derosa O’Boyle Triangle. With the assistance of Rubin Farrah of Councilmember Gjonaj’s office and the enthusiastic help of the Parks Department’s Nave Strauss, an Oriental Spruce was planted on, fittingly enough, Christmas Eve. The tree will be dedicated to First Responders and Essential Workers at a special ceremony scheduled for early 2021.
Legislation just signed by President Trump includes $284 billion for 1st and 2nd forgivable Paycheck Protection Program loans. It expands eligibility for local newspapers, as well as local TV and radio broadcasters. The legislation provides $20 billion for Economic Injury Disaster Loans.
Businesses receiving PPP loans may take tax deductions for expenses covered by forgivable loans. The new law extends the tax credit for needy employers who keep employees on payroll. It allows those receiving tax credits to qualify based on their 2019 incomes.
NYC restaurants have received a temporary postponement of the sales tax deadline. The new deadline is now March 2021.
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Wicked Wolf
Renowned food reviewer Bailey Provetto, the founder of Tasty Ladies New York, reviews BID restaurants
Comfort food is at its best at the Wicked Wolf, with an abundance of choices and a friendly atmosphere and staff.
We started with their home made soups to warm the cockles of our hearts. The French onion soup was so good with caramelized onions in a delicious broth with a good covering of cheese melting over on the sides of the crock. The lentil soup was thick with tender lentils, tons of veggies and seasoned perfectly.
Our entrees were old fashioned dishes of Shepard’s pie with a great mashed potato crust on top. The true winner was the Beef Stroganoff with tender chunks of beef in a sumptuous cream sauce over egg noodles .
Their menu has a large selection of comfort food, including burgers, salads, German cuisine, pastas, seafood and grill food with a full bar and wicked cocktails.
Would have loved to have One of their decadent desserts, but with the huge portions and endless bread basket we were too full! Maybe we will start with dessert first next time!
They have a great weekend brunch and specialty days of Monday Taco, wing specials, and Prime Rib.
On Saturday, December 19, the Throggs Neck BID sponsored COVID-19 testing. NYC Mobile Laboratories provided a mobile facility on the corner of East Tremont and Randall.
Photo: Mobile COVID test facility, with NYC Laboratories’ Sal Garcia in front.
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Curbside Dining Resumes
The ban on curbside dining was ended as of 6pm on December 17.
Due to the impending snowstorm, roadside dining will be banned, effective at 2 p.m. today. It could end as early as Thursday evening.
From Governor Cuomo:
To mitigate the spread of this disease, food establishments will not be permitted to offer indoor dining beginning on Monday, December 14.
Food establishments that are located outside of State-designated “red zones” are still permitted to offer take-out, delivery, and outdoor dining. Food establishments that are located within State-designated “red zones” may continue to offer take-out and delivery only.
If you are a restaurant owner whose establishment is permitted to offer outdoor dining, you may still sign up to participate in the Open Restaurants program by visiting nyc.gov/openrestaurants. If you are already participating, you may use the same link to check siting requirements and ensure your set up is compliant.
Remember: New York State’s current guidance for outdoor and take-out/delivery food services permits restaurants to install a temporary or fixed cover (i.e. awning, roof, or tent) only if two (2) or more side walls are open.
If your structure has fewer than two (2) side walls open, it is considered an indoor dining area and therefore cannot be used for dining unless:
• a) you modify the structure to be compliant with New York State’s guidelines;
• or b) State officials announce that indoor dining may resume.
If you would like to ensure that your set up is compliant with Open Restaurant requirements, you may request a virtual compliance consultation by visiting nyc.gov/bizconsult.
(Editor’s note: EATER Magazine responded to the Governor’s move, noting that “Restaurants and bars accounted for 1.4 percent COVID-19 cases recorded in the last three months, prompting some restaurateurs to push back against the ban…many felt the decision seemed to contradict the data. By comparison, private and social gatherings accounted for nearly 74 percent of COVID- 19 cases tracked by the state between September and the end of November, and the restaurant industry placed fifth overall among the various industries and activities contributing to the spread of the virus.”)
From the Citizens Committee for New York, courtesy of the Bronx Chamber of Commerce:
| Small businesses, vital to the fabric of their neighborhoods, will receive grants of up to $10,000 to maintain payroll and operations. We will prioritize businesses owned by people of color, immigrants, and women, businesses that have the greatest need and minimal access to resources, as well as those that modify their operations slightly in order to remain open during the pandemic (i.e., hire delivery workers, increase inventory, or make modifications to provide product pick-up). CitizensNYC has cultivated the infrastructure, expertise, and community knowledge to help struggling New Yorkers directly. Our relentless commitment to empower even the hardest-to-reach New Yorkers has built a reputation that we will now leverage as we embark on this new grant program. Applications accepted on a rolling basis. |
Apply here https://www.tfaforms.com/4842203