The federal CARES Act funding came and went – then got replenished. The same happened with the SBA Economic Injury Disaster Loans (EIDL). Currently, the U.S. Congress is looking at future economic stimulus packages and we have a unique opportunity coming up to impact future economic recovery policy. On Friday, May 8th at 9:30 amContinue reading
Releases Illinois Modeling Showing Significant Second Wave If Stay at Home Order Were Lifted Modified Order Includes Increased Flexibility for Residents and Non-Essential Businesses, Requires Face Coverings in Public Based on data from scientists and health experts and after consulting with stakeholders across the state, Governor JB Pritzker announced that he will sign aContinue reading
It was announced last week (4/16) that initial funding for the PPP program in the CARES Act has been depleted and the SBA will not be processing further applications. Additionally, it was announced that the SBA EIDL loan funds were also depleted. U.S. Chamber of Commerce officials say they are very confident that Congress (inContinue reading
U.S. Chamber of Commerce Return to Work Plan Just Released We have been on several calls recently to learn effective strategies to “reopen” our economy. The U.S. Chamber just released yesterday a national return to work plan exploring the extreme complexities to consider and how to best protect employees and our communities while not exposingContinue reading
This morning, (4/13/20), the Illinois Workers’ Compensation Commission voted to authorize an emergency rule creating a rebuttable presumption that an employee who comes down with COVID-19 is presumed to have caught the virus at that work was the reason. This rule not only applies to healthcare workers and first responders but all workers in deemedContinue reading
Wow! How things have changed since our last The Current Update! As soon as COVID-19 began to impact our businesses community, federal, state and local officials began creating resources to help our businesses and not-for-profit agencies keep their doors open. Below are key programs that could provide significant support for our Members and the businessContinue reading
CARES Act & Payroll Protection Program (PPP) Roll Out As we reported yesterday (4/2/20), our Chamber Members in the banking industry warned us to expect hiccups in the roll-out of the PPP loans today. The final rules from the CARES Act were not released to financial institutions until very late last night (April 2nd). TheContinue reading
Payroll Protection Program (PPP) of the CARES Act Opens April 3rd Yesterday, NACC hosted a webinar where Kevin Courtois, Executive Director of the Great Lakes Region of the U.S. Chamber of Commerce discussed in detail the CARES ACT and specifically, the Payroll Protection Program (PPP) – a key economic stimulus for small business. The loanContinue reading
Q&A Webinar with CARES Act Expert from U.S. Chamber of Commerce April 1st NACC will be hosting a complimentary webinar with Kevin Courtois, U.S. Chamber of Commerce Congressional and Public Affairs Executive Director, Great Lakes Region. Kevin will be providing NACC members with up-to-date information about the recently passed $2 trillion federal CARES ACT and otherContinue reading
Federal CARES Act As we mentioned last Friday (3/27/2020), Congress has approved $350 billion in emergency loans for small businesses (PPP- Payroll Protection Program) as part of the CARES ACT to help keep workers employed. If small businesses maintain or later restore their payrolls, they may not have to repay some — or possibly anyContinue reading
