What Does the CARES Act Mean for my Community? Answering your - - PowerPoint PPT Presentation
What Does the CARES Act Mean for my Community? Answering your Questions with Congressman Paul Mitchell This webinar was conducted on March 31, 2020. Please visit our website for the most up to date information. Questions?
This webinar was conducted on March 31, 2020. Please visit our website for the most up to date information.
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Supplemental
supplies, assisting state and local health departments, making diagnostic tests more broadly available, and investing in vaccine development.
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through existing grants to support state, local, tribal, and community grantees.
CARES Act:
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Coronavirus through direct payments.
receive the credit.
child) is available for those with incomes at or below $75,000 individual/$112,500 head of household/$150,000 joint.
disability, the IRS will use the SSA-1099 information to identify beneficiaries who many not otherwise file but are eligible to receive the credit.
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line providers. It also expands the use of telehealth medicine to surge capacity and diagnose and treat patients in a safer and faster environment.
developing and purchasing vaccines, therapeutics, diagnostics, and necessary medical supplies.
for COVID-19 would be eligible to receive $1.32 billion in supplemental funding.
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Tribal governments, and units of local government.
(NIAID).
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more workers including self-employed and independent contractors, like gig workers and Uber drivers, who do not usually qualify for unemployment.
unemployment benefits.
recipient of unemployment insurance or Pandemic Unemployment Assistance for up to four months.
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Program called the Paycheck Protection Program.
assistance to small businesses affected by COVID-19.
applied for a small business Economic Injury Disaster Loan.
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federally guaranteed loans to employers who maintain their payroll during this emergency.
which would help workers remain employed, as well as help affected small businesses and our economy snap-back quicker after the crisis.
they were harmed by COVID-19 between February 15, 2020 and June 30, 2020. This program would be retroactive to February 15, 2020, in
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businesses and private non-profits harmed by COVID-19 within three days of applying for an SBA Economic Injury Disaster Loan (EIDL).
request the advance. The advance does not need to be repaid under any circumstance, and may be used to:
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Experiencing Economic Hardship
wages paid by eligible employers to certain employees during the COVID-19 crisis.
have been fully or partially suspended as a result of a government order limiting commerce, travel or group meetings. The credit is also provided to employers who have experienced a greater than 50 percent reduction in quarterly receipts, measured on a year-over-year basis.
Paycheck Protection Program. The credit is provided through December 31, 2020.
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certain payroll taxes through the end of 2020, with all 2020 deferred amounts due in two equal installments, one at the end of 2021, the other at the end of 2022.
the employer and employee representative portion of Railroad Retirement taxes (that are attributable to the employer FICA rate), and half of SECA tax liability.
Paycheck Protection Program.
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help guide you through this uncertain time, you can turn to your local Small Business Development Center (SBDC), Women’s Business Center (WBC), or SCORE mentorship chapter.
will receive additional funds to expand their reach and better support small business owners with counseling and up-to-date information regarding COVID-19.
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Stabilization Fund (ESF) - an emergency reserve fund that provides the Treasury Secretary with the authority to distribute emergency funding.
businesses.
businesses of all sizes.
up business lending, including through a special banked-base program for companies that employ 500-10,000 employees.
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existing grants.
through direct payments.
providers.
businesses.
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This webinar was conducted on March 31, 2020. Please visit our website for the most up to date information.
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