Weekly Squeal for the Week of June 8th

The Week of June 8th

This weeks Hometown Hero is Stan Blackwell. Stan Blackwell and his partner Ginny Parazette are the owners of Sixty Minute Spectacles in Los Alamitos. With 30+ years of experience in Quality Control and Lab work, actually making eyewear Stan knows what works for you and what does not. He makes finding the perfect eye wear easy, economical and exciting!

During COVID 19, they have been shipping glasses to your home and even complete repairs the same way! Stan has also been personally delivering eyewear to those in need. They also offer free eyewear adjustments and minor repairs. Stan also gives 20% off discounts to Active, Retired and Disabled Veterans as well as Leisure World Residents. Stan goes above and beyond for his customers as well as the Seal Beach Chamber of Commerce. Stan is always the go to for new ideas and his innovative thinking. He is all about giving back to the community, he even raffles off his original artwork.

By staying true to this path, he successfully founded his business, had fun along the way, and helped countless customers see the world in a new light. That's why Sixty Minute Spectacle has become the name locals of Los Alamitos count on for the highest standard of eyewear services. Whether you're interested in repairing your current frames or leaving with a custom design, they have exactly what you're looking for. So step in today and see the difference! Please call Stan at 714-234-6801 or email him at stanopt@sbcglobal.net for all your eyewear needs.

NEW SECTORS ARE OPENING FRIDAY

The County of Orange has provided clarification for local businesses after the State released new guidance for reopening of the following industries:

Cardrooms, Satellite Wagering Facilities, and Racetracks https://covid19.ca.gov/pdf/guidance-cardrooms-racetracks.pdf
Campgrounds, RV Parks, and Outdoor Recration https://covid19.ca.gov/pdf/guidance-campgrounds.pdf
Family entertainment centers https://covid19.ca.gov/pdf/guidance-family-entertainment.pdf
Fitness facilities https://covid19.ca.gov/pdf/guidance-fitness.pdf
Hotels https://covid19.ca.gov/pdf/guidance-hotels-lodging-rentals.pdf
Museums, galleries and zoos https://covid19.ca.gov/pdf/guidance-zoos-museums.pdf
Restaurants, Bars and wineries https://covid19.ca.gov/pdf/guidance-restaurants-bars.pdf

Nail salons, movie theaters, and youth sports are not authorized to reopen. We will let you know as soon as they are able to open.

To keep you updated with the most recent information, Paycheck Protection Program (PPP) .

Congress has passed and as recently as today the President has signed, the Paycheck Protection Program Flexibility Act (PPPFA). This reform legislation gives business owners more flexibility and time to use the loan money and still have it forgiven as part of PPP program.

To address this issue, the Act now extends the PPP program “covered period” until December 31, 2020, and gives employers 24 weeks, rather than eight weeks to spend PPP proceeds. However, a congressional letter was added to the record to clarify that no new PPP loans may be originated after June 30, 2020

The Act also reduces the percentage of loan proceeds that must be spent on payroll costs from 75 percent to 60 percent, enabling businesses to spend more on overhead and fixed expenses such as rent and utilities.

The safe harbor restoration deadline has been extended from June 30, 2020, to December 31, 2020.

Clarifies that loan forgiveness will not be reduced based on an inability to rehire employees if the employer can:
Document written offers to rehire individuals who were employees of the organization on February 15, 2020; or
An inability to hire similarly qualified employees for unfilled positions by December 31, 2020.

Clarifies that forgiveness will not be reduced for failure to maintain employment levels if the organization is able to document the following:
An inability to return to the same level of business activity as existed prior to February 15, 2020, due to compliance with COVID-19-related guidance for sanitation, social distancing, or
Worker or customer safety requirements from the Health and Human Services (HHS), the Centers for Disease Control and Prevention (CDC), or the Occupational Safety and Health Administration (OSHA) between March 1 and December 31, 2020.

The Act also allows employers that receive PPP loan forgiveness to continue deferring payment of the employer share of the Social Security tax under CARES Act (Section 2302) through December 31, 2020.