Tue, 01/12/2021 - 4:44pm tim
Small Business Administration Join this webinar at 3 p.m. Jan. 14 for a preliminary overview of the Shuttered Venue Operators Grant program included in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act signed into law by President Trump on December 27, 2020.
Eligible organizations with a reduction in revenue due to the COVID-19 pandemic will have the opportunity to receive up to a $10 million grant under the program. In total, the Economic Aid Act allocates $15 billion for the Shuttered Venue Operators Grants.
This webinar will provide introductory information about the grants, who can apply, how potential organizations can prepare, and other detail re: eligibility and applications.
Newly replenished EIDL Loan and Advances (not a second draw) – already open to
New Shuttered Live Venue Operators and Talent Representatives available to nonprofit, for-profit, and government owned or operated performing arts venues and museums ($15 billion)
New Pandemic Unemployment Assistance for gig workers, W2 employees, and now “mixed earners”
New IRS
Stimulus Checks of $600 per taxpayer (phasing incrementally out after $75,000 adjusted gross income) and $600 for each of the tax filer’s dependent children 17 years old and younger)
New expanded and extended charitable tax deductions for non-itemizers up to $300 per tax filer, instead of $300 per tax return. (ie- married, joint filers can deduct up to $600 now)
Paycheck Protection Program Re-Opens Published: 13 January 2021
The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers.
To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.
More than $100B of PPP loans to small businesses forgiven so far fingerlakes1.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fingerlakes1.com Daily Mail and Mail on Sunday newspapers.