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Tangipahoa has the latest on help for businesses

Posted: Wednesday, April 22, 2020 | Views: 1394

Tangipahoa has the latest on help for businesses

From Tangipahoa Parish Government

LABEOC Daily Update

-The Senate passed a new $480 billion relief package. The deal includes $310 billion for the Paycheck Protection Program, with $60 billion of that set aside for smaller lending institutions.https://buff.ly/2KjFYhw

Further, the deal also includes:
-$50 billion for SBA Economic Injury Disaster Loans (EIDL)
-$10 billion for SBA EIDL Advance grants
-$75 billion for hospitals and health care providers to support for Covid-19 expenses and lost revenue
-$25 billion for research to develop, validate, manufacture, purchase and administer Covid-19 tests

- GNO, Inc., and partners at the Louisiana Restaurant Association and New Orleans & Company present this webinar, Help for Hospitality (Thur., 4/23, Noon) , which will include an in-depth discussion about local and national relief opportunities for businesses and workers in the hospitality industry. Presenting experts will address a range of programs, including the Employee Retention Tax Credit and Paycheck Protection Program. The webinar is open to the public. You can sign up here: https://buff.ly/2VpqSxq


- The U.S. Department of Agriculture has announced the Coronavirus Food Assistance Program in order to provide relief to farmers, ranchers, and consumers. In the program, the USDA plans to provide $16 billion in assistance for losses sustained by agricultural producers.