Client Alert: Shumaker Advisors Florida Coronavirus Update

Download Client Alert: Shumaker Advisors Florida Coronavirus Update

Shumaker Advisors Florida is focused on keeping you up to date on valuable information relating to COVID-19. We are monitoring the local, state, and federal activities as they are changing quickly. We are here to help you navigate this crisis and to address any questions or concerns you have. Please reach out to us if we can be of any service.  If you have questions about this report or anything related to the Coronavirus crisis, Shumaker has established a hotline to assist its clients. 

CALL OUR 24/7 SHUMAKER COVID-19 LEGAL AND LEGISLATIVE HELPLINE AT 1.800.427.1493. For the most up-to-date legal and legislative changes, please visit our Shumaker COVID-19 Client Resource Center as well.

https://www.shumaker.com/client-resource-center

WHAT TO KNOW NOW:

Florida COVID-19 Update

Monday, March 23, 2020

Coronavirus in Florida by the numbers:

1,007 total cases in Florida

13 Floridians have died

State figures show more than 9.700 people have tested for the virus

Closures and Essential Worker & Business Guidance Information:

All county beaches and public beach parking closed at 11:59 p.m. Friday, March 20, 2020 and plan to stay
closed until April 4, 2020.

Last week, Governor Ron DeSantis issued an Executive Order that directed all restaurants and food establishments in the state to suspend on premise food and alcohol for consumption. Many are offering pick up and some delivery. Please continue to support local businesses when you can. Additionally, gyms and fitness centers were ordered closed throughout the state.

Florida has not yet issued a shelter in place, nor has Florida indicated that only essential businesses will remain open. Ohio joined New York, California, New Jersey, Kentucky, Louisiana, Pennsylvania, Illinois, and a few other states to establish versions of ‘shelter in place’ for citizens. Many states are beginning to outline guidance for essential business. Shumaker Advisors is tracking guidelines for essential businesses so we can best support clients. Feel free to call us with questions. The Department of Homeland Security defines 14 employment categories as Essential Critical Infrastructure. Those include:

  • Health care and public health workers
  • Law enforcement, public safety, and first responders
  • Food and agriculture workers
  • Energy employees
  • Water and waste management
  • Transportation and logistics
  • Public works
  • Communications and information technology
  • Other communication-based government operations and essential functions
  • Critical manufacturing
  • Hazardous materials
  • Chemical workers
  • Defense industrial base
  • Financial services

During certain situations, the federal government provides a list of essential business that may remain open.  States utilize these guidelines.  The following link provides an example of essential businesses provided by the state of Pennsylvania.  These may vary by state. View the list of essential businesses that may remain open here.

Federal Reserve Changes as of Today – (Source: CNBC)

The following emergency steps have been announced
today:

$300 billion in lending program backed by the Treasury

Will purchase finance corporate bonds, asset-backed securities, municipal bonds

Will purchase commercial mortgage backed securities

Main Street Lending program- The Federal Reserve expects to announce soon the establishment of a Main Street Business

Lending Program to support lending to eligible small and medium sized business

Additional sites for your use can be viewed here.

Governor DeSantis Recent Executive Orders can be viewed here.

If you or a loved one thinks you are ill, please follow this link here.

Please reach out to us individually should you need anything.

Ronald A. Christaldi, Partner, Management Committee

Member, President/CEO Shumaker Advisors Florida, LLC

rchristaldi@shumaker.com | 813.221.7152

Amy Maguire, Principal, Shumaker Advisors Florida, LLC

amaguire@shumakeradvisors.com | 813.676.7279

Congressman David Jolly, Executive Vice President & Principal, Shumaker Advisors Florida, LLC

djolly@shumakeradvisors.com | 813.676.7277

Carlye Morgan, Principal, Shumaker Advisors Florida, LLC

cmorgan@shumakeradvisors.com | 813.676.7222

Patrick Baskette, Principal, Shumaker Advisors Florida, LLC

pbaskette@shumakeradvisors.com | 202.744.1547

Mike Hamby, Senior Advisor, Shumaker Advisors Florida, LLC

mhamby@shumakeradvisors.com | 813.229.7600

For the most up-to-date legal and legislative information related to the coronavirus pandemic, please visit our Shumaker COVID-19 Client Resource Center at shumaker.com. We have also established a 24/7 Legal & Legislative Helpline at 1.800.427.1493 monitored by Shumaker lawyers around the clock.

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