The Small Business Administration (SBA) is changing how small businesses seek the award of federal contracting dollars designated for concerns owned and controlled by women. Self-certification for WOSBs and EDWOSBs seeking new contracts will be phased out beginning this summer and eliminated entirely this fall. On Oct. 15, 2020, small businesses seeking new set-aside, sole […]
SBA AND TREASURY RELEASE PPP LOAN FORGIVENESS APPLICATION
As has been much discussed, loan forgiveness is a key feature of the CARES Act’s Paycheck Protection Program (PPP) administered by the Small Business Administration (SBA), but there has been little guidance regarding the process and criteria for seeking forgiveness. Late Friday, May 15, 2020, the SBA and Department of Treasury released the PPP loan […]
SBA Again Updates Safe Harbor Guidance for PPP Loans
Earlier today, May 13, 2020, the Small Business Administration (SBA) again updated its guidance regarding the safe harbor provision for loans disbursed under the Paycheck Protection Program (PPP), the lifeline extended to small businesses under the financial relief package known as the CARES Act. As previously reported, the PPP loan application requires applicants to certify […]
COVID-19 and Commercial Leasing, Part III: New Requirements for DC Retail Tenants and their Landlords
Although Northern Virginia, Maryland and DC are not yet ready to begin easing COVID-19 restrictions, business leaders are preparing now. What can landlords and tenants do today to survive a challenging second quarter, prepare for reopening, and emerge strong for the rest of 2020? In Part III of OFP’s COVID-19 Commercial Leasing Playbook, we focus […]
COVID-19 and Commercial Leasing, Part II: Practical Advice for Tenants
Although Northern Virginia, Maryland and DC are not yet ready to begin easing COVID-19 restrictions, business leaders are preparing now. What can landlords and tenants do today to survive a challenging second quarter, prepare for reopening, and emerge strong for the rest of 2020? In Part II of OFP’s COVID-19 Commercial Leasing Playbook, we focus […]
COVID-19 and Commercial Leasing, Part I: Practical Advice for Landlords
Although Northern Virginia, Maryland and DC are not yet ready to begin easing COVID-19 restrictions, business leaders are preparing now. What can landlords and tenants do today to survive a challenging second quarter, prepare for reopening, and emerge strong for the rest of 2020? In Part I of OFP’s COVID-19 Commercial Leasing Playbook, we focus […]
Sweeping Changes to Virginia’s Employment Laws on the Horizon
On July 1, 2020, the Virginia Values Act (VVA) will become effective as law and introduce new legal protections designed to make the Commonwealth a more accepting workplace for all members of society. In doing so, the VVA is expected to produce a sweeping overhaul of employment discrimination litigation in Virginia by prohibiting employment discrimination […]
SBA Updates FAQs: PPP Safe Harbor Extended to May 14
The Small Business Association (SBA) late yesterday, May 5, issued additional guidance on the Paycheck Protection Program, the lifeline extended to small businesses under the financial relief package known as the CARES Act. As previously reported, the PPP loan application requires applicants to certify that “current economic uncertainty makes this loan request necessary to support […]
Document … Document … Document … Smart steps for government contractors
With the Federal government issuing near-daily guidance to government contractors and rolling out much needed relief for small businesses, there is one key take-away for every government prime and subcontractor presently experiencing adverse impacts to performance as a result of COVID-19: document … document … document … and then document some more. A recent survey […]