PPP Funds Still Available More than $100 Billion in Paycheck Protection Program funds are still available. The recent passage of the Paycheck Protection Flexibility Act allows small businesses to use funds up to 24 weeks and have the option of extending the life of the loan from two years to five. SBA will forgive loans if […]
A Presidential Executive Order signed on May 14, 2020 (click here) provides International Development Finance Corporation lending authority under the DPA to re-shore domestic production of strategic resources needed to respond to the COVID-19 crisis, and to strengthen any relevant domestic supply chains. The DFC has now posted background and application information for initiative (click […]
The Federal Reserve has expanded the Main Street Lending Program to allow more small and medium-sized businesses to be able to receive support. Click here for more on this expansion, and click here for more information about the program generally.
The CDC has posted guidance focused on reopening and safe operations for office workspaces, including for office-based employers, building owners and managers, and building operations specialists. Click here for more. For more guidance resources for employers, click here.
AIV’s national allies at NAM are helping present the following webinars that might be of interest to Vermont manufacturers and other businesses: Webinar on SBA tools for exporters and suppliers featuring the SBA’s Office of International Trade. June 9 at 1:00 pm. Click here. Webinar on navigating PPP loan forgiveness. June 10 at 2:00 pm. […]
Governor Scott has announced an easing of travel restrictions. Effective June 8 interstate travel to and from New England and New York counties with 400 or fewer active COVID-19 cases per million is permitted without quarantine requirements. This is in addition to existing allowances for for employee commuting and other travel. Click here for more.
Federal Contractor Guidance The Office of Federal Contract Compliance Programs has tools and guides to help federal contractors. Click here. Paid Leave Compliance Assistance The Wage and Hour Division has guidance for employers on new paid leave requirements under the Families First Coronavirus Response Act. Click here. Strengthen Your Workforce with Veterans The Veterans’ Employment […]
The President as signed the recently passed PPP Flexibility Act, which extends to PPP borrowers 24 weeks to utilize loans and increases flexibility for the allocation of funds between payroll and nonpayroll expenses, replacing the minimum 75% payroll allocation requirement with a 60% requirement. There will be further updates with online resources and guidance, including […]
The following is provided by AIV member A.N. Deringer. USTR Grants 16 Extensions for Section 301 List One Exclusions, Set to Expire June 4 The US Trade Representative (USTR) has extended sixteen exclusions from list one of the Section 301 tariffs imposed on Chinese imports. The exclusions, which were set to expire on June 4, […]