Stimulus package lets restaurants pay workers' tips as well as wages - Business Insider

Alex Lynch, a captain at the NoMad in Manhattan who wasA server delivers food to a table at a Chicago restaurant on March 16, 2020.in San Francisco, said the provision specifically mentioning cash tips is the most important part of the stimulus bill.

Einbund, who's had to lay off nearly all of his 20 employees but has kept his restaurant open for curbside pickup, said it's crucial that restaurants get these funds as quickly as possible.Survival for most of us isn't about knowing the funds might be coming, it's about getting the funds so we can start dispersing them," he said, adding that it's "crushing" not being able to pay staff and vendors.

Restaurant owners like Einbund, who've already had to lay off the majority of their employees, can still be eligible for the full loan amount — as long as they rehire all their full-time employees by the end of June.that are already barely keeping their heads above water.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Who Is Eligible For Small Business Loans In The Economic Stimulus Package?The law provides clear guidelines on what small businesses are eligible, and what their loans will look like.
Source: ForbesWomen - 🏆 477. / 51 Read more »

NYC restaurant workers on how their lives have changed since coronavirus outbeak - Business Insider'Blindsided' with no backup plan and rents closing in: Laid-off NYC restaurant workers describe how their lives have changed as their industry collapses around them We need to freeze life as we know it so we can reset. If not, almost the entire country will casualties. We need all govt officials to be non partisan and figure this out.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Macy's is furloughing most of its workers without pay - Business Insider'My top priority is having cash sufficiency in our company during the crisis,' CEO Jeff Gennette said in an email to Macy's staff on Monday. 'The Cincinnati-based retailer also disclosed its typical employee made $13,810 during the same period that ended Feb. 3. The company calculated Gennette made 806 times the median worker.' Furlows allow them to keep their Healthcare
Source: BusinessInsider - 🏆 729. / 51 Read more »