Government insurance for business interruption losses from pandemics: An evaluation of its feasibility and possible frameworks wiley.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wiley.com Daily Mail and Mail on Sunday newspapers.
Gov. Ned Lamont outlined his grant program at a virtual news conference. Pictured below him is an interpreter for the deaf.
Connecticut is rushing to distribute $35 million in emergency grants to restaurants, bars and other small to mid-sized businesses as a bridge to the far larger COVID-19 pandemic relief coming from Washington, Gov. Ned Lamont said Monday.
Businesses whose revenues are down by at least 20% will go into a pool, with grants then calculated by a formula based on tax and payroll data readily available to the state, said David Lehman, the commissioner of economic and community development.
Lamont estimated that grants will be between $10,000 and $30,000, with the targets being about 2,000 businesses too big to qualify for a previous $50 million program that provided $5,000 grants to 10,000 businesses with 20 or fewer employees. The grants will be funded with money from the earlier CARES Act.
UPDATE: Dec. 22, 2020:
The U.S. Congress passed a $900 billion pandemic relief bill last night that includes $600 stimulus payments to qualifying individuals and a new round of Paycheck Protection Program funding for small businesses impacted by COVID-19.
Although it took months to reach an agreement on a second relief bill, funds in the bill for transportation and small business loans could aid construction, Stephen Sandherr, CEO of the Associated General Contractors of America, said in a statement.
“The new coronavirus recovery measure … should provide some needed relief for a construction industry that is coping with project cancellations and job losses in most parts of the country,” he said.
Shaheen hears about food assistance needs as pandemic rages on conwaydailysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from conwaydailysun.com Daily Mail and Mail on Sunday newspapers.
PPP Loan Forgiveness Virtual meeting Written by Greater Mahopac / Carmel Chamber of Commerce
Payroll Protection Program
Topics to be Discussed include:
1) When are the PPP (Payroll Protection Program) Forgiveness Loan applications due at the bank that gave you the monies?
2) What Forms do I fill out if my company received less than $50,000 in PPP?
3) What Forms do I fill out if my company received more than $5o,000 in PPP?
4) Is the PPP monies a Loan?
5) Is the PPP monies taxable income?
6) What documentation do I need to upload to the bank to get Loan forgiveness?
Please RSVP to the Greater Mahopac-Carmel Chamber of Commerce by January 8th Please present any specific question in advance with your RSVP