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Recovery Resources 4/22 – federal action, loosening PA restrictions and tax expert

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Posted by: Main Line Chamber on Wednesday, April 22, 2020 at 3:45:00 pm
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Senate passes $484 billion bill to help small businesses and fund hospitals and testing
The Senate on Tuesday afternoon passed a $484 billion package to replenish the Paycheck Protection Program and a small business emergency grant and loan program, as well as provide funding to hospitals and a new coronavirus testing program. The House is expected to approve the measure Thursday. President Trump has said he would sign the measure into law. The legislation would provide $310 billion to the PPP, $60 billion to the small business program, $75 billion to hospitals and $25 billion to the testing program. More information about the bill can be found in this Washington Post story.


Governor extends stay-at-home order, plans to lift some business restrictions
Gov. Tom Wolf said he is extending Pennsylvania’s stay-at-home order from April 30 until May 8 and will lift some restrictions on businesses when it expires. On May 9, construction will be allowed to resume, although construction crews will have to continue social distancing efforts and construction companies will have to comply with new regulations that the Wolf administration plans to announce soon. Wolf also signed a bill that will permit online notary services, which are a necessary step for car sales. Monday was the first day customers and employees of essential businesses were required to wear masks. It was also the first day some state liquor stores began offering phone orders and curbside pickup. More information is available from the Harrisburg Patriot-News.


State Chamber takes issue with governor’s statement on unemployment
The Pennsylvania Chamber of Business and Industry is asking Gov. Wolf to clarify a statement he made that employees receiving unemployment would continue to be eligible for payments even if they refuse the offer to return to work. “This statement from the Governor not only sends the wrong message, it could be financially devastating to employers and could put employees at significant legal risk if they believe him to be accurate. To clarify, per state law, absent 'good cause,' it constitutes an act of fraud to refuse suitable work in order to receive unemployment benefits,” according to the Chamber. It issued a statement on that matter that also took issue with other aspects of the Governor’s plan to gradually start reopening businesses in Pennsylvania, including his decision to veto a bill to mirror federal standards for exemptions to critical industries.


Brinker Simpson offering coronavirus information on new website, through webinars
Accounting firm Brinker Simpson, a member of The Main Line Chamber of Commerce, has set up a website for the business community that it will keep updated with the latest news regarding the new economic stimulus package, the Families First Coronavirus Response Act, extended tax filing and payment deadlines, economic grant activity, SBA loans, unemployment updates, and all COVID-19 related relief. The firm also is offering webinars including one scheduled for April 24 on the latest update to the Paycheck Protection Program.


RSM launches online coronavirus resource center, webcasts
Accounting/consulting firm and Main Line Chamber of Commerce member RSM has launched an online coronavirus resource center with links to CARES Act and Main Street Lending Program resources, advice on managing risk and uncertainty, and coronavirus tax relief resources, among other things. The company also is offering a series of coronavirus-related webcasts that can be accessed here. The next, titled The Real Economy, is schedule for 4 p.m., April 22.


Chamber to host Live Virtual Event on effectively working from home
Individuals who are facing challenges working from home will learn about how to cultivate a more effective mindset during a 90-minute session. Keynote speaker Shawn Doyle will lead a Recovery Resources Live Virtual Event for The Main Line Chamber of Commerce on April 30 at 10:30 a.m.


Best regards-Be safe,

 

Bernie

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Bernard Dagenais 
President & CEO
The Main Line Chamber of Commerce 

 

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