Legislation Protects NY Small Business from Pandemic Backlash
The Associated Press reports New York’s Democratic-led Assembly is moving forward legislation to help workers and small businesses financially survive the coronavirus pandemic.
Workers could still collect unemployment insurance while working part time under the legislation. In addition, small businesses would be protected from being charged higher rates for unemployment insurance when they reopen. New York State would put a hold on eviction and foreclosure for small businesses under the legislation.
AP says small businesses often have lower ratings because they have fewer employees and claims, and the Assembly bill would exclude such businesses from extra unemployment insurance charges if they were forced to close or reduce their staff after March 12, 2020.