Reopening Support & Resources:
National Realty & Development Corp. is committed to the success of our tenants as they prepare to reopen their businesses. We will make modifications as needed to offer support and guidance ensuring our tenants continue to provide goods and services to their communities.
We have created designated “Curbside Pick-Up” areas at select properties – yellow striped parking stalls with easily-identifiable signage for customer curbside parking. Shoppers should contact the store or restaurant directly to arrange for the pick-up of their items.
For those establishments that would like to offer outdoor dining to the community, please contact us to discuss further on how we can assist 1.800.922.0204.
The International Council of Shopping Centers (ICSC) has aggregated information from a variety of sources to create reopening best practices for consideration.
For restaurant operators getting ready to reopen, the National Restaurant Association offers direction and provides a framework for best practices as you reopen.
It is important to also refer to CDC guidelines, as well as local and national authorities, for further guidance.
National Realty & Development Corp. is here to answer any questions, concerns or emergency related matters. Please reach out to our Property Operations Department at 914.272.8040 or email@example.com.
For all emergency issues at the property level, all New Jersey tenants can contact Charles Bryant, Director of Maintenance Services directly at 732.433.2471.
CARES Act & COVID-19 Small Business Resource Center
Our nation and our economy are facing an unprecedented crisis. Federal & State Governments are marshalling their full resources to help companies continue to operate and keep paychecks flowing to American workers and families, while mobilizing the business community to combat the pandemic. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses. You are encouraged to research these programs to determine which might be of assistance to your business.
The Paycheck Protection Program (PPP) is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead. The new Paycheck Protection Program Flexibility Act which was signed on June 5th, 2020, provides more flexibility to those who participated in the PPP Program with modifications to deadlines, limitations and other provisions related to the rules around loan forgiveness. Some of the changes include:
Learn more here.
- An extension of the covered period, granting recipients the period beginning on the date of the origination of a covered loan and ending the earlier of 1) the date that is 24 weeks after loan origination or 2) Dec. 31, 2020.
- The new Act requires a borrower to use at least 60% of the covered loan amount for payroll costs, and states that a borrower may use up to 40 percent for any payment of interest on any covered mortgage obligation
The Economic Injury Disaster Loan (EIDL) provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic.
The Employee Retention Credit is available to all employers, regardless of size of business, and covers up to 50 percent of up to $10,000 in wages.
The Families First Coronavirus Response Act (FFCR) provides small and midsize employers refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing paid sick and family leave wages to their employees for leave related to COVID-19.
The Federal Reserve Board has just expanded its Main Street Lending Program to allow more small and medium-sized businesses to be able to receive support. The changes included are:
- Lowering the minimum loan size for certain loans to $250,000 from $500,000;
- Increasing the maximum loan size for all facilities;
- Increasing the term of each loan option to five years, from four years;
- Extending the repayment period for all loans by delaying principal payments for two years, rather than one; and
- Raising the Reserve Bank's participation to 95% for all loans.
If your small business has been impacted by the COVID-19 pandemic, learn more about the CARES Act, other resources and how to apply for funding by visiting the US Department of The Treasury.
Several states offer guidance for businesses impacted by COVID-19.