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Welcome to Our Summer 2020 Associate, Sara Kizer!
Please join us in welcoming our 2020 Summer Associate, Sara Kizer! Sara is a law student at the Sandra Day O’Connor College of Law at Arizona State University. Read more about her below!
Sara recently completed her first year of law school at the ASU Sandra Day O’Connor College of Law. Before law school, she was a senior consultant at the Lewin Group, a health and human services consulting firm, where she specialized in policy research and program evaluation of Medicare and Medicaid programs. Sara enjoys spending time with her family and two cats, attending Pure Barre classes, and during the quarantine developed a knack for recreating dishes she used to eat at her favorite restaurants.
Paycheck Protection Program Flexibility Act of 2020
Last evening, Congress passed the Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”), which provides greater flexibility in how borrowers may use Paycheck Protection Program (“PPP”) loan funds and receive loan forgiveness. It is anticipated that the Act will be signed into law by the President in short order. Under the Act, businesses that have not already received a PPP loan will have until December 31, 2020 to apply, subject to continuing availability of funds. PPP monies are still available.
The Flexibility Act also extends the covered period used to determine loan forgiveness. Increased from 8 weeks, borrowers may now receive loan forgiveness for amounts spent on forgivable expenses during the 24 week period following loan origination, or December 31, 2020, whichever comes first.
COVID-19 Update on Reopening Restaurants, Bars, Taprooms, and Tasting Rooms
Executive Order 2020-34 allows food and beverage businesses to reopen for dine-in services. This modifies and supplements Executive Order 2020-09, which previously closed restaurants and bars with the exception of takeout and delivery orders. Now restaurants, bars, taprooms, and tasting rooms can allow dine-in services as of Monday, May 11, 2020, and continue to offer takeout and delivery.
The Executive Order allows food and beverage businesses to resume dine-in services “provided they establish and implement protocols and best practices for businesses to address COVID-19, including enacting physical distancing policies, limiting the number of diners and following the protocols as directed by the Centers for Disease Control and Prevention, the United States Department of Labor Division of Occupational Safety and Health Administration and the Arizona Department of Health Services.” Phrase-by-phrase, this means:
- Dine-in services is a broad term that covers restaurants, bars, taprooms, and tasting rooms that serve food.
New Main Street Lending Program to Provide Substantial Financing to Businesses
The Federal Reserve recently announced that it is establishing the Main Street Lending Program (“MSLP”) to provide significant financing for businesses impacted by the COVID-19 pandemic. The MSLP will provide 4-year loans to companies employing up to 10,000 workers (or with revenues of less than $2.5 billion on an annualized basis). The minimum loan size will be one million dollars. Principal and interest payments will be deferred for one year. MSLP loans are not currently available, but they are expected to come online soon, as the Federal Reserve is currently working to create the necessary infrastructure and is considering feedback provided by the public.
Chambers USA 2020 Ranks Gammage & Burnham in Zoning/Land Use and Real Estate
Gammage & Burnham is pleased to announce that Chambers USA 2020 has ranked six of the firm’s attorneys and two of our largest practice groups among the best in the U.S.
Chambers and Partners, which produces “Chambers USA,” is a client referral organization that researches and subjectively ranks attorneys and law firm practice groups nationwide. It ranks firms and lawyers who are considered leaders in their profession.
The firm earned rankings in two of its core areas:
Zoning/Land Use (Band 1) and Real Estate (Band 2).
