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New York City Announces Reinstatement of Refundable Biotech Tax Credits for Emerging Companies Through 2026

On December 4, 2023, New York City Mayor Eric Adams signed legislation to reinstate previously lapsed tax credits for biotech companies (the Credit), with a view towards bolstering the emerging biotechnology sector in New...more

SBA Paycheck Protection Program (PPP): SBA Updates PPP Loan Forgiveness Rules and Loan Forgiveness Applications in Response to...

In recent days, the Small Business Administration (SBA), in consultation with the Department of the Treasury, has published a number of updates to its Paycheck Protection Program (PPP) loan forgiveness rules and loan...more

SBA Paycheck Protection Program (PPP): Paycheck Protection Program Flexibility Act (PPPFA) Significantly Overhauls Paycheck...

On June 5, 2020, the Paycheck Protection Program Flexibility Act of 2020 (PPPFA) was signed into law after nearly unanimous passage of the legislation by Congress. The PPPFA significantly overhauls the original PPP loan...more

Reopening Your Business in Massachusetts: What Employers Need to Know

On May 18, 2020, the Massachusetts Reopening Advisory Board published its Reopening Massachusetts Report (the "Report") setting out detailed requirements for businesses that are currently open and those that are permitted to...more

SBA Paycheck Protection Program (PPP): SBA Publishes Loan Forgiveness Application and Instructions for Borrowers

Late Friday evening, May 15, 2020, the Small Business Administration (SBA), in consultation with the Department of the Treasury, published its long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application, as...more

SBA Paycheck Protection Program (PPP): New Clarifying Guidance Concerning SBA Review of Necessity Certification in PPP Loan...

Earlier today, the Small Business Administration (SBA), in consultation with the Department of the Treasury, published important clarifying guidance concerning the SBA's review of Paycheck Protection Program (PPP) loan...more

The CARES Act: A Summary for Technology and Life Sciences Companies

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a $2 trillion stimulus package thought to be the largest in U.S. history. This is the third stimulus package adopted...more

The CARES Act: SBA Size and Affiliation Issues for Loan Programs

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a $2 trillion stimulus package thought to be the largest in U.S. history. The CARES Act expands or establishes...more

The Life Sciences Report - Summer 2017

Factoring in Human Factors - According to a recent British Medical Journal research report, the mean rate of death from medical error in U.S. hospitals is estimated to be over 251,000 people per year. Though many medical...more

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