COVID-19 FAQs for DSB Customers

We understand these are very trying times. DSB is dedicated to providing as many resources to our customers as possible. This page will be continuously updated as more information becomes available. We will also send email alerts when necessary.

TENANT PORTAL FOR SERVICE REQUESTS

To our David S. Brown Enterprises Community:

As the government’s response to the COVID-19 crisis constantly evolves and we all seek the latest available information, we wanted to share the following links to reliable resources. We recommend that all tenants who qualify immediately apply for all of the state and federal programs available to them

Links are pasted below containing the three Maryland programs mentioned in Governor Hogan’s press conference on 3/23/2020 along with links provided by the federal government. Tenants should apply right away to be “first in line” should these funds run out.

State Resources:

Maryland COVID-19 Emergency Relief Fund Programs for Businesses

Federal Resources:

Coronavirus Emergency Loans: Small Business Guide and Checklist

Resources from SBA (U.S. Small Business Association)

SBA Main Page (Translate language if needed)
Disaster Assistance Main Page
Disaster Loan Assistance Application
Paycheck Protection Program
Related Link: Understanding the Paycheck Protection Program

This is a challenging and quickly changing time, but we are confident we will get through this together. Although Governor Hogan announced business closures yesterday, please be advised that the business of David S. Brown Enterprises was not restricted. We are dedicated to maintaining our properties and we are steadfast in our commitment to work with our tenants during this difficult time.

Please contact Beth Workman at bworkman@davidsbrown.com with any further questions or concerns.

How can small businesses in Maryland seek financial assistance?

Governor Larry Hogan recently announced that Maryland has received official designation from the U.S. Small Business Administration (SBA) for its Economic Injury Disaster Loan (EIDL) program, which provides low-interest federal disaster loans for small businesses impacted by the COVID-19 pandemic. According to the SBA, the loans will help alleviate financial strain and allow businesses to pay bills, payroll, and accounts payable, with long-term payments stretching up to 30 years. Small businesses and private non-profit organizations can apply directly to the SBA for financial assistance here.

This loan program, combined with other state and federal assistance, will give businesses the support and resources they need to continue to operate.

RELATED ARTICLE: SBA Gearing Up for ‘hundreds of thousands’ of Loan Applications

For additional business resources available during the COVID-19 outbreak, please visit businessexpress.maryland.gov/coronavirus or sba.gov/disaster-assistance/coronavirus-covid-19

For details on the administration’s ongoing response, visit governor.maryland.gov/coronavirus.

Find assistance at the local level here: https://sba.gov/local

SBA Express Bridge Loans Guide

How can small businesses in Baltimore County seek financial assistance?

Baltimore County is committing over $10 million in grants to protect small businesses. The Department of Economic and Workforce Development (DEWD) will administer the Baltimore County COVID-19 Small Business Relief Grants Program, which will award grants of up to $15,000 each to more than 650 Baltimore County-based small businesses on a first-come, first-served basis.Grant applications will be accepted on the department’s website beginning May 11.

 

How is the state of Maryland providing assistance?

The State of Maryland has developed a portal where you can ask questions and apply for assistance:

https://businessexpress.maryland.gov/coronavirus

Please send any business-related questions that you have to secretary.commerce@maryland.gov

How is the state of Pennsylvania providing assistance?

Resource Guide: Responding to COVID-19 in Pennsylvania

Harrisburg Regional Chamber

COVID-19 Working Capital Access Program (CWCA)

Updates from Governor Wolfe

Governor Wolf Announces Financial Assistance Available to Small Businesses

Gov. Wolf Signs COVID-19 Response Bills to Bolster Health Care System, Workers, and Education and Reschedule the Primary Election

COVID-19 Resources for Restaurant Owners

Coronavirus Information and Resources

Marketing Resources for Restaurant Owners

Lightspeed Marketing Support

Targetable Emergency Restaurant Support

Executive Summary for Restaurants of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) from the National Restaurant Association.

CARES Act Document

List of Restaurants Open For Delivery/Carry-Out at David S. Brown Properties

Full List Here

Is there any coronavirus-related paid leave for workers or tax credits available?

The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. This relief to employees and small and midsize businesses is provided under the Families First Coronavirus Response Act (Act), signed by President Trump on March 18, 2020.

The Act will help the United States combat and defeat COVID-19 by giving all American businesses with fewer than 500 employees funds to provide employees with paid leave, either for the employee’s own health needs or to care for family members. The legislation will enable employers to keep their workers on their payrolls, while at the same time ensuring that workers are not forced to choose between their paychecks and the public health measures needed to combat the virus.

Key Takeaways

Paid Sick Leave for Workers: For COVID-19 related reasons, employees receive up to 80 hours of paid sick leave and expanded paid child care leave when employees’ children’s schools are closed or child care providers are unavailable.

Complete Coverage: Employers receive 100% reimbursement for paid leave pursuant to the Act.

Health insurance costs are also included in the credit.

Employers face no payroll tax liability.

Self-employed individuals receive an equivalent credit.

Fast Funds: Reimbursement will be quick and easy to obtain.

An immediate dollar-for-dollar tax offset against payroll taxes will be provided where a refund is owed, the IRS will send the refund as quickly as possible.

Small Business Protection: Employers with fewer than 50 employees are eligible for an exemption from the requirements to provide leave to care for a child whose school is closed, or child care is unavailable in cases where the viability of the business is threatened.
Easing Compliance: Requirements subject to 30-day non-enforcement period for good faith compliance efforts.

To take immediate advantage of the paid leave credits, businesses can retain and access funds that they would otherwise pay to the IRS in payroll taxes. If those amounts are not sufficient to cover the cost of paid leave, employers can seek an expedited advance from the IRS by submitting a streamlined claim form that will be released next week.

Full Press Release

Have the Treasury and IRS extended the filing deadline and federal tax payments?

The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date has been automatically extended from April 15, 2020, to July 15, 2020.

Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.

Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief. Individual taxpayers who need additional time to file beyond the July 15 deadline, can request a filing extension by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses who need additional time must file Form 7004.

The IRS urges taxpayers who are due a refund to file as soon as possible. Most tax refunds are still being issued within 21 days.

Full Press Release

What public health resources are available?

The following links from the CDC and OSHA may be helpful:

CDC Resources for Businesses and Employers

Guidance on Preparing Workplaces for COVID-19

Resource Guide For Residents

Click Here

Can DSB hold mail and deliveries if a tenant is working remotely?

If your company makes the decision to close with no one on site to receive mail/packages, it is important that you reach out to the USPS and commercial carriers to make arrangements to hold or forward your deliveries. Unfortunately, DSB cannot be responsible for any mail/deliveries to your workplace. As we shared earlier, DSB’s Customer Service representatives will be responding to emergency situations only, so they will be unable to monitor for any packages outside the doors. Please take this time to make alternate arrangements for mail, shipments and any regular deliveries you are expecting. A few USPS options may be found here: USPS Manage Your Business Mail

What level of frequency should be expected from DSB as the COVID-19 situation evolves?

The health and well-being of our customers is a top priority. We will communicate as often as necessary to provide up-to-date information and announcements. If you would like to add an emergency contact to our distribution list, please contact bworkman@davidsbrown.com