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Biden administration changes PPP rules to help reach the smallest businesses
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Biden administration changes PPP rules to help reach the smallest businesses
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Minnesota nonprofits getting creative to crawl out of COVID-19 financial hole The coronavirus has wreaked havoc for the nonprofit world, from large health systems to small arts and social service agencies and colleges. These organizations must now figure out how to rebuild after vaccines allow public spaces to open and people form new habits. January 23, 2021 7:15am Text size Copy shortlink:
Nonprofits across the spectrum have tackled the constraints of the pandemic in similar ways with creativity as the watchword.
The work of compiling the annual Star Tribune Nonprofit 100 is always an exercise in looking backward. But relying on 2019 results for 2021 budgeting might edge dangerously close to sepia-hued nostalgia not reflecting the effect of the coronavirus pandemic or the racial unrest of 2020.
By Johan Romero Luna
It’s been almost a year since we had to adapt to a new normal due to COVID-19. The year 2020 has affected us as individuals and professionals. While the Paycheck Protection Program for small businesses and the stimulus checks to individuals as part of the CARES Act helped in the short-term, behind these programs, looms a more concerning situation: Employee financial wellness, a topic not often addressed by employers. The fact is, just as employees are more productive when they’re physically healthy, the same goes for financial wellness.
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Johan Romero Luna
Financial health has become a big topic since the 2008 financial crisis. We talk about it in private, read articles, or listen to podcasts, but even now it is a difficult topic to address. That made me wonder why more businesses do not take a more aggressive approach to ensure their workforce has the tools to reach their financial goals.
The Owner-Operator Independent Drivers Association is blasting lawmakers’ failure to help small-business truckers in its $900 billion pandemic relief package, saying it is nothing short of “shameful.”
As part of the package, $45 billion goes to the transportation industry, including $14 billion for transit; $1 billion for Amtrak; $2 billion for private motor coaches, school buses, and ferry industry; $10 billion for state highways; $15 billion for airline payroll support; $1 billion for airline contractor payrolls; and $2 billion for airport and airport concessionaires.
In a letter to members of Congress sent on Wednesday, Dec. 23, OOIDA called out lawmakers for failing to remember the men and women who have been at the frontlines of the pandemic, keeping the grocery stores stocked and delivering essential medical items including the COVID-19 vaccine.
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