Recovery Resources: Delco nonprofit grants; PPE distribution in Montco and stimulus

More COVID-19 relief money available for Delco nonprofits
Delaware County nonprofits that have suffered economic loss due to COVID-19 have until Friday to apply for grants of up to $49,500 from the Delco Strong Round 3: Nonprofit Fund. To be eligible, a nonprofit must have at least one location in Delaware County that provides services to county communities and/or residents and have annual revenue of $15 million or less. It also must not have received grants in either of the first two rounds of the Delco Strong program. Applications must be submitted online to The Foundation for Delaware County by 5 p.m. November 13. The foundation will distribute $1 million in grants in Round 3. It anticipates announcing grant recipients the week of Nov. 30 and distributing grants no later than the week of Dec. 14.

Main Line Chamber still distributing masks, PPE kits
The Main Line Chamber of Commerce continues to distribute safety materials to businesses and nonprofits. The free mask and PPE kits contain supplies to protect employees and clients, and to spread the message about promoting safety. With the arrival of fall flu season and the ongoing need to minimize spread of COVID-19, counties are emphasizing the leadership role of businesses in public health. Materials are available to small business and organizations in Montgomery and Chester Counties with up to 100 employees. Kit descriptions and distribution details are on the online form: https://www.surveymonkey.com/r/BizPPEkitsNov. The free kits are available on November 12 through The Main Line Chamber’s partnership with Montgomery County and Chester County Government, and participation in regional task forces. Access additional information about Montgomery County’s MontcoStrong efforts and Chester County’s “Simple Ask: Wear a Mask” campaign.

Tax pros say hold off on applying for PPP loan forgiveness
Tax professionals are advising small businesses that received forgivable loans under the Coronavirus Aid, Relief, and Economic Security Act to hold off on applying to have the loans forgiven, according to CNBC. The reason is uncertainty about the forgiveness terms; the Internal Revenue Service has said that borrowers won’t be able to claim tax deductions for business expenses they pay with proceeds from the loans, but Sens. Chuck Grassley, R-Iowa, and Ron Wyden, D-Ore., have proposed legislation that would make the expenses deductible. Borrowers can apply for forgiveness at any time up until their loan matures.

People eligible for stimulus checks have until Nov. 21 to register with IRS
People who are eligible for a COVID-19 stimulus check but have not yet registered with the Internal Revenue Service have until Nov. 21 to do so, according to CBS News. The IRS says it plans to contact people who may be eligible for a check, such as college students and low-income adults, by Nov. 10. The agency sent letters to about 9 million people, urging them to register via its non-filers tool to qualify for the checks.

Post-election stimulus package continues to face headwinds
In the wake of the election, negotiations over a federal COVID-19 stimulus package are now expected to resume. House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell have both said they want to pass an additional package but face disagreements over how large it should be. The few remaining benefits from previous legislation are set to expire at year end. CNET reports that the fates of a second stimulus check, extra weekly unemployment benefits for millions of Americans and aid for coronavirus testing are unknown.