6/11 Webisode: Paycheck Protection Program Flexibility Act: Updates to the PPP
Blog Categories
June 11, 2020
The Partnership hosted a webisode to review updates to the Paycheck Protection Program and explain the Paycheck Protection Program Flexibility Act.
The Paycheck Protection Program Flexibility Act was passed by both Congress and the President. The bill modifies the current PPP program with critical and important changes designed to make it easier for businesses to receive the loan forgiveness.
Attendees heard from Steve Turner, Principal in the firm’s commercial division at The Bonadio Group and received an overview of the changes made to the current program, the benefits to businesses, and some new stipulations that employers to be aware of, such as:
- Triple the time to use your loan
- Business owners can get PPP and payroll tax deferral
- Extends the rehiring time period Provides more
- flexibility for COVID-19 impacted businesses
- New application deadlines and eligibility guidelines
Watch the Presentation Below
Thank you to our member for their expertise:
*****
The Buffalo Niagara Partnership is committed to providing employers with the latest information and resources to help you deal with COVID-19 and its impact on our community, state, and nation. Visit our Events Page and Resource Page, as they are updated regularly to provide you with the most current information.
Do you have specific questions related to running your business or your business unit? Visit the BNP Business Link, a question and answer forum for, and by, the Buffalo Niagara business community. Submit your questions and get expert answers on just about any topic from legal, IT, HR, NYS regulations, sales, marketing, communications, and more. It is quick, confidential, powerful, and convenient. The BNP Business Link can help you today.
Related Posts
3.21.22 COVID Bulletin: State Reverses Course on HERO Act
Without fanfare, the New York State Department of Labor updated its website to announce the relaxation of some NY HERO Act provisions. Employers can now forego enforcing their workplace safety plans.
Empire Center: Single Payer “Sticker Shock”
A new report from the Empire Center for Public Policy details how expensive a single payer healthcare system would be in New York. The full report is available here.
Staff Spotlight: Meet Liz Benkovich
We are pleased to introduce BNP’s Vice President, Member Engagement & Development, Liz Benkovich as our latest Staff Spotlight.
As a coach, manager, and mentor, Liz works with the entire team to inspire members to help them gain the full benefits of the Partnership allowing them to grow, thrive, and to reach their full potential.
What is Carbon Pricing?
In the New York State Climate Action Council’s Draft Scoping Plan, the Council recommends implementing some form of carbon pricing to help the state combat climate change. So, what is carbon pricing, and how would it impact New York?