Information on COVID-19 Assistance Programs
- By: Shannon Davison
- On: 04/02/2020 11:58:59
- In: Legislative Bulletins
In response to the COVID-19 (coronavirus) pandemic, the United States government has passed multiple bills to directly combat the virus.
These bills have given aid to healthcare workers, provided assistance to businesses, and bailed out state and local governments which are being hit hard by the coronavirus. On the business side, several programs have been created to directly assist businesses and workers who have been affected by the coronavirus and the "stay at home" orders which have effectively halted the American economy.
As these assistance programs become available for businesses, the United States Chamber of Commerce of which TRALA is a member, has compiled multiple documents to better help businesses understand how these programs work and how they can apply for direct assistance. Below please find several links to the documents created by the US Chamber on the coronavirus response.
CHAMBER IN ACTION
The latest news, actions, and announcements from the U.S. Chamber
- The U.S. Chamber today released new guides for businesses to secure relief under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
- The first lays out the CARES Act's expansion of the Small Business Administration's Economic Injury Disaster Loan (EIDL) program, which includes $10,000 grants for eligible applicants.
- The U.S. Chamber also released a guide explaining the employee retention tax credit for employers who are closed, partially closed, or experiencing significant revenue losses as a result of the coronavirus.
- The U.S. Chamber also has updated its small business loan guide to help small businesses access billions of dollars in emergency loans created by the CARES Act. Starting April 3, small businesses will be eligible to apply for the loans described in our guide. Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza are working to get capital onto Main Street and banks are preparing to deliver. There is information for both small business borrowers and for banks that want to be part of this emergency small business lending program at https://home.treasury.gov/cares
If you have any questions regarding the assistance programs listed in this email please do not hesitate to contact Jake Jacoby at email@example.com or Andrew Stasiowski at firstname.lastname@example.org.