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Friday, April 24, 2020

Recovery Resources Reopening plan, Delco fund, Villanova student projects, whats in CARES II

Posted by: Main Line Chamber on Friday, April 24, 2020 at 1:30:00 pm Comments (0)

Pennsylvania’s reopening plan: Chart and Q&A
The Harrisburg Patriot-News provides detailed coverage of Gov. Tom Wolf’s statement about how he plans to start reopening the state’s businesses and easing stay-at-home orders, beginning on May 8. In addition to a chart outlining the plan, the PennLive website provides a detailed set of questions and answers interpreting how the plan will work.

Wednesday, April 22, 2020

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

Posted by: Main Line Chamber on Wednesday, April 22, 2020 at 3:45:00 pm Comments (0)

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 a Washington Post story.

Friday, April 10, 2020

COVID-19 Recovery Resources Individual financial support and mental health

Posted by: Main Line Chamber on Friday, April 10, 2020 at 3:00:00 pm Comments (0)

IRS to start making Economic Impact Payments this month
The Internal Revenue Service is slated to begin distributing economic impact payments authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES) this month. USA Today reports that the first set of $1,200 payments to individuals, and $2,400 for joint taxpayers, are on track to go out next week and that the first few sets of checks will be prioritized toward people who have low incomes and/or get Social Security payments. The IRS says most people won’t need to do anything to receive the payments. The payment phases out at $75,000 income for singles and $150,000 for couples.

Wednesday, April 8, 2020

COVID-19 Recovery Resources - Direct from a U.S. Congresswoman and Senator

Posted by: Main Line Chamber on Wednesday, April 8, 2020 at 2:30:00 pm Comments (0)

Congresswoman Houlahan shares basis of federal funding amount at Chamber event
Congresswoman Chrissy Holahan, during a Live Virtual Main Line Chamber of Commerce Covid-19 Recovery Resources Event Tuesday, said the justification for nearly $350 billion in loans available through the Payroll Protection Program assumed that 90 percent of all eligible businesses would apply. This indicates that fears of the money running out quickly could be largely unfounded. A video of her interview, including questions from participants, can be found on our Recovery Resources page.

Friday, April 3, 2020

COVID-19 Recovery Resources breaking news on loans, shut-down order

Posted by: Main Line Chamber on Friday, April 3, 2020 at 9:00:00 am Comments (0)
Friday marks the last day for businesses to apply for shutdown waiver
Friday, April 3 is the last day for businesses to seek an exemption from the Pennsylvania Department of Community and Economic Development to orders to close the physical locations of non-life sustaining businesses to slow the spread of the COVID-19 virus. The online form must be submitted to the DCED by 5 p.m. Businesses thinking of applying for an exemption should read the state’s Life Sustaining Business Frequently Asked Questions before doing so. The DCED said it had received 32,474 exemption requests as of the close of business March 31 and was working to process them as quickly as possible.