COVID-19 Guidance & resources for small and medium manufacturers:The Foundation for Manufacturing excellence has compiled a list of federal resources available specifically for manufacturers that includes an assessment of thier potential ability to be of assistance in the production of critical supplies. Read more HERE.
Economic Injury Disaster Loan Emergency Advance: this loan advance can provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. The advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be repaid. Learn More HERE.
Coronavirus Relief Options from the U.S. Small Business Association: In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak. This link will walk you through all of the available options.
The National Conference of State Legislatures has released a very helpful and simplified overview of the Covid-19 stimulus package and what it means for states. The overview is basd by industry and category to help you find the information tat’s relevant to you fast. View it HERE.
Comprehensive FAQs For Employers dealing with Coronavirus issues: Fisher Phillips has assembled a cross-disciplinary taskforce of attorneys across the country to address the many employment-related issues facing employers in the wake of the COVID-19 coronavirus. The COVID-19 Taskforce has created a Frequently Asked Questions (FAQ) document, which has been continually updated since first published on March 3 and will continue to be updated as events warrant. Read more HERE.
The Small Business Owner’s Guide to the CARES Act: The $2.2 trillion federal relief package passed by Congress contains a variety of resources aimed at helping small businesses that have been harmed by the spread of coronavirus. Resources include a paycheck protection program that offers cash-flow assistance to employers who maintain their payroll during the pandemic, debt relief for certain businesses and nonprofits, free business counseling and many other programs. Read the guide HERE.
SBA PAYCHECK PROTECTION PROGRAM: The Coronavirus Aid, Relief, and Economic Security (CARES) Act creates a new loan program for small businesses called the Paycheck Protection Program. Read more HERE.
Defense Production Act: President Donald Trump has issued an executive order invoking certain provisions of the Defense Production Act, which could be used to ramp up production of essential medical equipment. We’ve provided an overview of the Defense Production Act, and you can read the overview here. If you have additional questions, you can reach out to NAM Deputy General Counsel Patrick Hedren here and NAM Director of Trade Facilitation Policy Ali Aafedt here.
Creators Respond: Please consider taking the NAM’s “Creators Respond” survey. The survey provides your organizations an opportunity to offer the supplies and equipment you might be able to produce or deliver to aid in the COVID-19 response effort. This information will help federal officials identify companies that can voluntarily produce essential materials.
Manufacturers Deemed “Essential”- California Quickly Follows Suit: Yesterday, the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency issued guidance deeming many manufacturers to be “essential business,” and the NAM is calling on states and localities to adopt the guidance so that manufacturers and supply chains can maintain their normal work schedules to help respond to the COVID-19 crisis. Yesterday, the NAM urged governors and mayors to follow the federal guidance so manufacturers can continue to provide lifesaving goods and services. Almost immediately, California became the first state to adopt the federal guidance, and the NAM is working to encourage states like New York and Pennsylvania to follow suit.
U.S. Announces Restrictions on Nonessential Travel with Canada and Mexico: This week, President Trump announced that the United States and Canada would be restricting travel between the two countries to only essential travel. The travel restrictions do not apply to cross-border trade. DHS released a US-Canada Joint Initiative today explaining that “nonessential travel” refers to travel for tourism or recreational purposes. The restrictions go into effect on March 21 and will be in place for 30 days. Similar restrictions on nonessential travel between the U.S. and Mexico will also go into effect on March 21.
Additional details are available from DHS here.
Senate Negotiating “Phase Three” Relief Bill: The Senate is negotiating the details of a “phase three” bill to aid businesses and workers during the COVID-19 crisis. The NAM will continue to ensure the unified voice of manufacturers is heard and to advocate for the provisions in our “COVID-19 Policy Action Plan Recommendations,” just as we did successfully as the “phase one” and “phase two” bills were developed. Read manufacturers’ plan here.