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Category Archives: COVID-19
Open For Business Directory
The City of Charlotte Small business network is more than 10,000 strong. Add your small business to the Open for Business directory to have your information displayed on the Open for Business website and receive notifications when new access to capital … Continue reading
Top 10 Issues Facing Commercial Real Estate
The COVID-19 pandemic—and its impact on businesses over the year ahead—is the leading concern among commercial real estate executives, according to The Counselors of Real Estate. The Counselors, a commercial trade group for CRE designees, surveyed its members to identify current … Continue reading
North Carolina Phase 2 Extended Three Weeks; Statewide Requirement for Face Coverings Added
Governor Roy Cooper announced yesterday that as trends move in the wrong direction, North Carolina will remain in Phase 2 for three more weeks. Executive Order 147 also requires face coverings in public and at various business settings where individuals … Continue reading
Perspectives Video Series: Ryan Thompson, CRCBR Board Member At-Large & Membership Chair
We’re back with an all new Perspectives Video! This week, CRCBR Board Member At-Large and Membership Committee Chair, Ryan Thompson, gives his perspective about current events and his experiences over the last few weeks, saying “We remain positive that Charlotte … Continue reading
Posted in COVID-19, Local, Membership, Perspectives Video Series
Charlotte Water Advises Clearing Water Lines in Unoccupied Buildings
Many buildings and places of business have been unoccupied since the NC Executive Order to shelter in place started on March 30, 2020. Stagnant water in building pipes can become unhealthy as chlorine, a disinfectant added in the treatment process, … Continue reading
US Economy Expected to Begin Recovery in Q3: ABA Forecast
The U.S. economy will experience about a 6% contraction this year, but will begin to recover from a severe second-quarter downturn in the third quarter, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee. While the … Continue reading
Congress Approves Widened PPP Loan Terms
Last week, Congress passed the Paycheck Protection Program Flexibility Act, which will make it easier for small businesses to utilize funds under the PPP and still qualify for loan forgiveness. A few specific changes: Borrowers now have 24 weeks, rather … Continue reading
Posted in COVID-19, Industrial
IRS, Citing COVID-19, Backs Off Some Opportunity Zone Requirements
The IRS announced Thursday that it was easing off some requirements for the Opportunity Zone program and will give taxpayers more time to meet certain deadlines because of the Covid-19 pandemic. For instance, people trying to defer capital gains taxes … Continue reading
Posted in COVID-19, Opportunity Zones
Legislative, Regulatory Action on Paycheck Protection Program
In a near-unanimous vote last week, the House passed the Paycheck Protection Program (PPP) Flexibility Act (H.R. 7010). Cosponsored by Reps. Dean Phillips (D-PA) and Chip Roy (R-TX), the bill loosens a number of eligibility requirements and forgiveness rules associated with PPP … Continue reading
Posted in COVID-19, Legislative
Effects of COVID-19 Global Pandemic Predicted to Decrease US Office Demand
By Hany Guirguis and Timothy Savage Since March 2020, COVID-19 has markedly altered the U.S. macroeconomic landscape as states issued stay-at-home orders designed to limit the spread of the disease. Since the first U.S. case was identified in January 2020, … Continue reading
