February 20, 2021
By Barrett Seaman
The notice came just two days after New York State’s oft-extended pandemic moratorium on commercial evictions finally lapsed at the end of January. With more than $35,000 in unpaid back rent, Irvington’s popular Main Street café, The Black Cat, was notified by its landlord, KIN Properties of Boca Raton, Florida, that it must vacate the premises by the end of February that is, by the end of next week as of this writing.
The café’s proprietress, Emily Feliciano, who had been trying to negotiate a restructuring of her $3,268.96 per month rent since the pandemic shut down so many businesses last March, resorted to the modern-day version of the tin cup: she launched a GoFundMe fundraising effort on the internet and laid out her financial predicament for all to see on the local Facebook page.
New York’s largest African American Chamber the Long Island African American Chamber of Commerce, Inc. will present a Virtual Small Business Expo on February 26, 2021.
On Kauai, a tiny credit union lifted a heavy load: Helping hundreds of businesses stay afloat
On Kauai, a tiny credit union lifted a heavy load: Helping hundreds of businesses stay afloat By Jim Mendoza | February 19, 2021 at 4:39 PM HST - Updated February 19 at 6:48 PM
HONOLULU, Hawaii (HawaiiNewsNow) - Throughout the pandemic, the Kauai Government Employees Federal Credit Union has been there for small businesses.
CEO Monica Belz said the tiny bank stepped up big time.
âWe really just positioned ourselves to say, âLetâs work with the community. Letâs figure out how to access these funds, and letâs get it out to Kauai as soon as possible,ââ she said.
Highlights from KFSK s on-going COVID-19 program kfsk.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kfsk.org Daily Mail and Mail on Sunday newspapers.
Today s Business: Commercial property insurance: Relief for business interruption due to COVID-19?
David A. Slossberg
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Can business interruption insurance help firms that have been hurt by the pandemic?
Businesses have sought different ways to stay afloat. Some have applied for available federal government assistance, such as through the Payroll Protection Program. Government relief generally has been tailored to help cover payroll and other business expenses. Firms have been left to identify and pursue other means to recover the income lost due to government-ordered closure, or from losses naturally flowing from the coronavirus pandemic.
As a result, businesses increasingly have been pursuing relief under their private commercial property insurance policies for business interruptions caused by COVID with, at best, mixed results. The chance of success is highly dependent on the language of the individual insurance policy at issue.