Stimulus Offers Commercial Landlords Savings on Improvements
By Steve Adams | Banker & Tradesman Staff | Mar 27, 2020 | Reprints | Unlock Link 
Commercial landlords will get a tax break on building upgrades under the $2-trillion stimulus package awaiting final approval by the U.S. House of Representatives.
Eastern Bank Establishes $5M Loan Fund for Small Business
By Diane McLaughlin | Banker & Tradesman Staff | Mar 27, 2020 | Reprints | Unlock Link
A prominent area bank is launching its own, $5 million small business fund to compliment state and federal efforts aimed at keeping these businesses from going under.
Mass. Tax Deadline Extended to July
Mar 27, 2020 | Reprints | Unlock Link
The state’s income tax deadline has been extended after days of speculation whether Massachusetts would follow the federal government’s lead.
Baker Says He’ll Defer to Walsh on Construction Freeze
By James Sanna | Mar 26, 2020 | Reprints | Unlock Link
Gov. Charlie Baker said in a Thursday afternoon press conference that local officials had to be satisfied they had the capacity to enforce safe work sites before they could lift construction freezes.
Banking Regulators Delay CECL Implementation
Mar 27, 2020 | Reprints | Unlock Link
Banks that became subject to CECL this year can delay implementing the standard for two years following an interim final rule issued by federal bank regulators on March 27.
House Passes $2.2T Rescue Package, Rushes It to Trump
By The Associated Press | Mar 27, 2020 | Reprints | Unlock Link
Acting swiftly in an extraordinary time, the House rushed President Donald Trump a $2.2 trillion rescue package Friday, tossing a life preserver to a U.S. economy and health care system left flailing by the coronavirus pandemic.
Community Good Works
Banks gave back to their communities in substantial ways in recent weeks.
Travelers to Massachusetts Asked To Quarantine for 14 Days
By James Sanna | Mar 27, 2020 | Reprints | Unlock Link
In the face of surging coronavirus cases in New York City and elsewhere around the world, Gov. Charlie Baker is asking all visitors to Massachusetts and all travelers returning to the state to self-quarantine for 14 days.
State Construction Projects to Hold COVID-19 Stand-Down
By State House News Service | Mar 27, 2020 | Reprints | Unlock Link
Public construction projects statewide will be brought to a temporary halt Friday while contractors review site-specific issues, develop mitigation strategies and communicate to workers about new state guidelines for construction work during the coronavirus pandemic.
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