The deadline to apply for the federal Paycheck Protection Program is March 31, 2021. If you haven’t already, we encourage you to contact your lender or visit nyc.gov/ppp to get 1-on-1 support, access webinars, and find other resources to help you apply. Need help finding a PPP lender? Check out the list of Community Development Financial Institutions accepting applications here https://www1.nyc.gov/assets/sbs/downloads/pdf/businesses/PPP2_NYC_CDFIs.pdf
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Associated Enters BID
A New York based mortgage banker has opened a new local office at 3770 East Tremont Avenue (between Randall & Roosevelt Aves).
Associated Mortgage Bankers, which has been in business for over 25 years, offers residential mortgages for one to four family homes, condos and co-ops for both purchase and refinance transactions. Associated Mortgage Bankers has the established processes and resources of a large-scale lender, but enjoys the nimble responsiveness of a boutique mortgage lender. Ed Angelino, (left in photo) and David Valcich (right) are the Mortgage Loan Officers who will be based out of the office. Each has over 20 + years servicing the community. They bring a vast knowledge of the home financing process to their
NYC Restaurants Can Expand to Half Capacity Indoors Starting March 19, according to the Governor’s Office.
The newly-enacted stimulus bill allocates $28.6 billion to assist restaurants, food trucks, bars, and street vendors in paying their back rent, mortgages, and some other expenses.
The Throggs Neck BID will be distributing posters that let your customers and clients know you care. The attractive red, white and blue signs will be given out this week, as Executive Director Bob Jaen and Associate Frank Vernuccio go door-to-door to collect registration forms.
New York State is establishing phases for distribution based on federal guidance, and we are working closely with our government partners to make sure everyone who is eligible has access to the vaccine.
For information about who is currently eligible and where to get the vaccine, please visit the NYC Vaccine Command Center website.
Who is eligible?
Right now, the following New Yorkers are eligible to get the vaccine, with the full eligibility list available on the NYC Health Department website:
- Grocery store workers, including convenience store and bodega workers
- Restaurant and Restaurant Delivery workers
- Regional food bank workers
- Food pantry workers
- Permitted home-delivered meal program workers
- Hotel workers who have direct contact with guests
- And full list of eligible groups is online.
How to make an appointment?
Eligible New Yorkers can find vaccination sites and make an appointment online at vaccinefinder.nyc.gov or by calling 877-VAX-4NYC (1-877-829-4692).
People who are eligible based on their employment must attest that their job requires them to have in-person contact with members of the public or with co-workers, or that they are unable to work remotely.
They must also have proof of employment in New York, such as an employee ID card, a signed letter from their employer or affiliated organization, a recent pay stub (depending on specific priority status), or proof of work via an application (e.g., Uber, Lyft, DoorDash, etc.).
These documents will not be used as legal proof of your employment status, and they will not be collected. Their only purpose is to confirm eligibility for vaccination. Visit here for information about proof of eligibility.
The Throggs Neck BID, working with the NYC Health and Hospitals Corporation and NYC Labs, has arranged for ongoing COVID-19 testing in our community. The service is available seven days a week at the Derosa O’Boyle Triangle from 9am—7pm.
Pictured: BID Director Bob Jaen and NYC Lab owner Jay Garcia. Jaen and Frank Vernuccio delivered a large quantity of masks to the testing site.
On Wednesday, February 24, 2021 at 9 am ET, SBA will establish a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees. This will give lenders and community partners more time to work with the smallest businesses to submit their applications, while also ensuring that larger PPP-eligible businesses will still have plenty of time to apply for and receive support before the program expires on March 31, 2021.
SBA also announced four additional changes to open the PPP to more underserved small businesses than ever before. While these changes are being implemented, SBA will work with community partners to improve the emergency relief “digital front door” and conduct extensive stakeholder outreach. And, SBA will strengthen its relationships with lender partners to advance equity goals, deliver funding efficiently, and prevent fraud, waste, and abuse. SBA will:
- Allow sole proprietors, independent contractors, and self-employed individuals to receive more financial support by revising the PPP’s funding formula for these categories of applicants;
- Eliminate an exclusionary restriction on PPP access for small business owners with prior non-fraud felony convictions, consistent with a bipartisan congressional proposal;
- Eliminate PPP access restrictions on small business owners who have struggled to make student loan payments by eliminating student loan debt delinquency as a disqualifier to participating in the PPP; and
- Ensure access for non-citizen small business owners who are lawful U.S. residents by clarifying that they may use Individual Taxpayer Identification Number (ITIN) to apply for the PPP.
A critical goal from Congress for the latest round of PPP was to reach small and low- and moderate-income (LMI) businesses who have not received the needed relief a forgivable PPP loan provides. Congress set a $15B set-aside for small and LMI first draw borrowers. With existing policies, the current round has only deployed $2.4B to small LMI borrowers, in part because a disproportionate amount of funding in both wealthy and LMI areas is going to firms with more than 20 employees. The less than 20 exclusivity period combined with the changes to expand access for sole proprietors, ITINs, returning citizens, and student loan debt will help us achieve Congressional goals.
BID Director Bob Jaen helped deliver 200 boxes of food for the homeless and hungry this past weekend. The BID has, since its inception in 2020, consistently assisted in community endeavors, fulfilling its goal of making the area a better place to do business, shop, dine, and live.
NYC restaurants and bars indoor seating will be allowed to increase to 35% of capacity effective Feb. 26. The rest of the state remains at 50%.
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Cousin’s Pizza Adds Bakery
Renowned food reviewer Bailey Provetto, the founder of Tasty Ladies New York, reviews BID restaurants.
Cousin’s Pizzeria at 3579 Tremont Avenue has added a bakery to their pizzeria.
They updated the look and it has the decor and feel of an upscale pizzeria with a fun family tree art on the wall with ” A Pizza of our History” with pictures of the owners family.
Their menu is extensive and resembles more an Italian restaurant than just pizzeria. A full array of pastas, entrees, salads, appetizers, Heroes, Calzones, Pinwheels, Beef Patties and of course Pizza! Lots of Pizza, over 10 specialty Pizzas by the slice or by the pie.
I ordered a regular slice, a Sicilian, a sausage slice and a pepperoni pinwheel.
The crust was very nice and crunchy with a nice oven singe on the bottom with zesty sauce and gooey, stringy cheesy goodness. The sausage was sliced thin the way I like it and the pinwheel was perfect.
They just added “The Sweet Spot” with a display of fresh baked cookies and bread, cakes, fresh filled cannolis and gluten free items as well. They have a full coffee station as well.
They have a full array of soft drinks and they have delivery. Catch all their specials on their Facebook and Instagram pages.