Eligible individuals will continue to apply through the state unemployment website. Unemployment assistance is available retroactively to January 27. By state law, contributory employers are entitled to automatic relief from charges, as are reimbursable employers who have paid a solvency fee. Reimbursable...
Information regarding the CARES Act is dynamic and we will provide more information as it becomes available. Everyone at The Menke Group is here to help you and your ESOP thrive. Be well and please let us know if you have any questions or need any assistance. Share this article: LinkedIn...
However, the CARES Act creates a new, temporary Pandemic Unemployment Assistance program. The new program provides unemployment coverage through the end of the year to freelancers and independent contractors. It also provides an additional $600 per week for 4 months in addition to regular state ...
The Assistance for Mid-Sized Businesses program will be for businesses (and, to the extent practicable, nonprofit organizations) with 500 to 10,000 employees that satisfy certain requirements. The program provides financing for banks and other lenders to make direct loans to eligible borrowers subject...
Additionally, states are offering their own assistance programs. In Connecticut, for example, Governor Lamont has also created the Connecticut Recovery Bridge Loan Program, which can provide emergency cash flow to businesses and non-profits with fewer than 100 employees. For details, check out this ...
Bank of America makes no representation that information contained herein is up-to-date or complete. Before submitting a request for loan forgiveness, borrowers may wish to visit theSBA,U.S. Treasury Assistance for Small Businesses, andU.S. Treasury FAQwebsites for the latest information and gui...
“critical to maintaining national security,” that have not otherwise received adequate economic relief under the CARES Act. The secretary of the Treasury has the discretion to determine which businesses will qualify for such assistance, particularly, which are “critical to maintaining national ...
The City has received authorization from the U.S. Department of Housing and Urban Development to accept applications from non-profits and small businesses with 50 or fewer employees for assistance in paying rent, utility and overhead bills. ...
Of funding announced, $50 million will go toward rent, mortgage, water and/or sewer assistance; $125 million toward small business assistance; $37.5 million for bars and restaurants; $62 million for rural and critical access hospitals; $100 million for higher education; $25 million for nonprofi...
President Trump has signed the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act,” which includes several provisions that impact employers. These measures are largely aimed at stimulating the economy, and focus on assistance for small businesses, industries that have suffere...