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Articles by Steven Firkser
New Jersey Enacts Landmark Legislation to Overhaul Affordable Housing Laws | JD Supra
What You Need to Know New Jersey has enacted legislation revamping the state’s affordable housing laws and providing an aggressive schedule for municipalities to prepare their plans before the next round of affordable housing obligations begins in 2025.
New Jersey Enacts Landmark Legislation to Overhaul Affordable Housing Laws
What You Need to Know New Jersey has enacted legislation revamping the state’s affordable housing laws and providing an aggressive schedule for municipalities to prepare their plans before the next round of affordable housing obligations begins in 2025.
Revised Liquor License Laws Provide New Potential Business Opportunities in New Jersey | JD Supra
What You Need to Know New Jersey has revised the state’s liquor laws in a move that is expected to provide some significant new business opportunities on a variety of fronts. Enacted on January 16, 2024, the legislation substantially revises NJ liquor law licenses for the first time in nearly a century, since the end of Prohibition.
Revised Liquor License Laws Provide New Potential Business Opportunities in New Jersey
What You Need to Know New Jersey has revised the state’s liquor laws in a move that is expected to provide some significant new business opportunities on a variety of fronts. Enacted on January 16, 2024, the legislation substantially revises NJ liquor law licenses for the first time in nearly a century, since the end of Prohibition.
New Jersey Amends Uniform Construction Code to Address Delays in Construction Project Inspections
Counsel, Real Estate and Redevelopment & Land Use Departments Mr. Firkser’s practice centers on commercial real estate and financing. He has significant experience in the representation of developers, lenders and government agencies in a variety of business and commercial real estate transactions and municipal law matters. Mr. Firkser counsels developers and lenders in the acquisition and financing of commercial properties from contract to closing.
Revisions to Uniform Construction Code Provide Expedited Inspections | JD Supra
What You Need to Know New Jersey’s Uniform Construction Code has been amended to provide for expedited inspections of building projects in the state. The revised construction code, upon implementation, will provide property owners and contractors with the option of utilizing an authorized private inspection company if the inspection process is delayed by public construction officials.
Revisions to Uniform Construction Code Provide Expedited Inspections
What You Need to Know New Jersey’s Uniform Construction Code has been amended to provide for expedited inspections of building projects in the state. The revised construction code, upon implementation, will provide property owners and contractors with the option of utilizing an authorized private inspection company if the inspection process is delayed by public construction officials.
The New Jersey Economic Recovery Act Of 2020: An Overview Of The New Jersey Ignite Program | JD Supra
The New Jersey Economic Recovery Act of 2020 (ERA), a seven-year, $14 billion package of incentive programs intended to encourage New Jersey job growth, property development and redevelopment, community partnerships, and numerous other economic development initiatives, was signed into law by Governor Phil Murphy on January 7, 2021. This Client Alert focuses on the New Jersey Ignite Program, approved under the ERA to provide start-up rent grants to early stage innovation economy businesses.
Paycheck Protection Program Update: Coronavirus Response And Relief Supplemental Appropriations Act Allows Second Round Of PPP Funding And Brings Significant Changes To PPP Loan Process | Greenbaum, Rowe, Smith & Davis LLP - JDSupra
The Coronavirus Response and Relief Supplemental Appropriations Act (CRRSA) was enacted on December 27, 2020. The new law, the federal government’s follow-up to the CARES Act, provides for renewed stimulus payments to individuals and businesses and includes significant provisions relating to the Paycheck Protection Program (PPP). This Client Alert provides an overview of those provisions. New PPP Loans CRRSA allocates approximately $285 billion for a new round of PPP loans.
Paycheck Protection Program Update: SBA Issues New FAQs on PPP Loan Forgiveness | JD Supra
In its continuing effort to provide guidance on the Paycheck Protection Program, the Small Business Administration (SBA) released new Frequently Asked Questions (FAQs) specifically targeted to the Loan Forgiveness process on August 4, 2020.
Deadline Extended For New PPP Loan Applications | JD Supra
The Small Business Administration’s Paycheck Protection Program has provided forgivable loans to businesses designed to maintain employment levels by covering payroll and other expenses during the COVID-19 crisis. While many businesses have taken advantage of the program, there still remains more than $120 billion in funds available for PPP loans. To provide additional aid to businesses, the application deadline for PPP loans was recently extended from June 30 to August 8, 2020.
SBA Releases Revised PPP Loan Forgiveness Applications | JD Supra
The Small Business Administration (SBA) has released an updated Loan Forgiveness Application and instructions to incorporate the revisions to the Paycheck Protection Program (PPP) pursuant to the recently enacted Paycheck Protection Program Flexibility Act. There is also a new Form 3508EZ for qualified applicants.
Revised SBA Rules Clarify Repayment and Loan Forgiveness Terms for PPP Loans | JD Supra
The Small Business Administration (SBA) has issued revised Interim Final Rules on the Paycheck Protection Program (PPP) to address questions raised by the recent passage of the Paycheck Protection Program Flexibility Act of 2020. This Client Alert summarizes the provisions of the revised Rules, as follows: Covered Period. The Rules confirm that the definition of ‘covered period’ for purposes of loan use, loan eligibility and related requirements is extended from June 30, 2020 to December 31, 2020.
New Paycheck Protection Program Flexibility Act Provides Significant Relief to Borrowers | JD Supra
On Friday, June 5, 2020, President Trump signed the Paycheck Protection Program (PPP) Flexibility Act of 2020, which provides welcome relief to businesses with PPP loans by extending the period for borrowers to use PPP loan proceeds for payroll costs, extending the date for borrowers to rehire employees, reducing the amount of payroll costs required for forgiveness of the loan, and modifying the period to repay loans that are not forgiven.
Paycheck Protection Program Update: SBA Releases Rules to Clarify Loan Forgiveness and Loan Review | JD Supra
On May 22, 2020, the Small Business Administration (SBA) released two new interim final rules to clarify the administration of loans under the Paycheck Protection Program (PPP). The first interim rule confirms the guidance provided in the loan forgiveness application, as previously reported: Full time employees are based on a 40-hour workweek, and the borrower has a choice in the method of calculating part-time employees.
Paycheck Protection Program Update: SBA Releases Loan Forgiveness Application | JD Supra
The Small Business Administration (SBA) has released the Loan Forgiveness Application and instructions for the forgiveness of loans under its Paycheck Protection Program (PPP), providing some much-needed clarification on the calculation of the loan forgiveness amount and including guidance on the forgiveness standards if less than all employees are re-hired or retained during the 8-week period after disbursement of the loan. Full-Time Employees (FTEs).
Governor Murphy Signs Executive Order 142: Resumption of Non-Essential Construction, Curbside Pick-Up from Non-Essential Retail Stores, Gatherings in Vehicles | Greenbaum, Rowe, Smith & Davis LLP - JDSupra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
SBA Issues New Guidance Providing Safe Harbor for Paycheck Protection Program Loans Under $2 Million; Extends Repayment Deadline to May 18, 2020 | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
Second Emergency Stimulus Bill Provides Additional Funding for SBA EIDL Program; Takes Steps to Direct PPP Loan Funds to More Small Businesses | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
New Emergency Legislation in NJ Permits Notarization of Documents Through Remote Communications | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
An Overview of Recent Land Use Guidance and Legislation in New Jersey in Response to COVID-19 | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
SBA Announces Rule Governing Paycheck Protection Program | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
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