Federal Guidelines for "Opening Up America Again"
On Thursday, April 15, President Donald Trump released federal guidelines for “Opening up America Again,” his three-phase plan for getting the country back to work and more regular social interaction.
Contrary to a unilateral nationwide effort that he had previously touted, “Opening Up America Again” will rely heavily on governor discretion to implement county and state and wide.
Calling it a “gradual process” Trump did not specify any dates, but instead set safety requirements to be met at each phase. Core state preparedness responsibilities hinge on testing and contact tracing, healthcare system capacity and plans to protect the health and safety of workers in critical industries, those living and working in high-risk facilities like senior care facilities, and employees and users of mass transit. They also address social distancing and face covering protocols and steps to limit and mitigate rebounds and outbreaks by returning to previous phases. There is an emphasis on protecting vulnerable populations such as the elderly and those with health conditions that would put them at greater risk.
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- The Coronavirus Aid, Releif, and Economic Security Act: What is Provided in it for the Flooring Retailer and Contractor.
- U.S. Chamber of Commerce Emergency Loans Small Business Guide and Checklist
- World Floor Covering Association Coronavirus Response Legislation Webinar
- SBA Economic Injury Disaster Loans (EIDL) – Long term loans for payments of fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.
- SBA Economic Injury Disaster Advance Loan - Offers small businesses a one-time advance up to $10,000 of the EIDL to cover costs in the short term. This loan advance will not have to be repaid.
- SBA Paycheck Protection Program - Incentive loans to keep workers on small business payrolls. If all employees are kept on payroll for eight weeks, SBA will forgive the portion of the loans used for payroll, rent, mortgage interest, or utilities. Up to 100 percent of the loan is forgivable.
**PPP Borrower Application Form --The SBA makes this form available on its website for those businesses interested in applying for Paycheck Protection Program loans. Be advised that some lenders may develop a version of this form specific to their institution, but the information requested will likely be the same. By taking a look at this SBA application, you can be better prepared when working with your lender.
**Congress Considering 8-week requirement on PPP Loans
**How employees who don't want to come back to work impact your PPP loan
**Step by Step PPP Loan Forgiveness
**IRS Says Expenses Paid with Forgiven PPP Loans are Not Tax Deductible
**PPP Loan Accounting: Tips to do It Right
**What's next for businesses unsuccessful in the first round of Paycheck Protection Program
- All SBA Coronavirus Small Business Guidance & Loan Resources
Health & Safety
U.S. Department of Homeland Security- Guidance on the essential critical infrastructure workforce
CISC Coronavirus Preparedness and Response Plan for Construction (English / Spanish)
Milwaukee Tools: Cleaning of Tools to help prevent spread of COVID-19
AGC COVID-19 Job Site Practices
Construction Industry Covid-19 Exposure Response and Prevention Plan
We are all seeing a lot of misinformation out there about COVID-19 PLEASE stick to government sources and check your sources before sharing medical information. To help you sort through the myths visit World Health Organization COVID-19 advice for the public.Myth busters:
SBA U.S. Small Business Administration
U.S. Chamber of Commerce Foundation
*Combating the Coronavirus
U.S. Department of Labor
NAHB What Businesses Need to Know about Workers" Comp and Covid-19
Attorneys offer Free COVID-19 Legal Consultations for Contractors
Hays: COVID-19 Considerations: Termination and Furlough Issues
Schechner Lifson is NTCA's insurance provider and they are willing to help with insurance services and claims.
Marc Rosenkrantz,CRM,CIC,AAI Schechner Lifson Corporation: firstname.lastname@example.org https://www.slcinsure.com/
Simon Kucher & Partners- Coronavirus: 6 Measures for Construction Companies on Dealing with the Ongoing Crisis
Regulations to Watch
Associated General Contractors
- Navigation the Outbreak--An eight part webinar series on the factors that construction companies need to consider, as they strive for business continuity.
Dodge Data and Analytics
National Association of Homebuilders
The Farnsworth Group -Weekly COVID-19 Impact Tracker
Identify “shelter-in-place” orders that may impact your business using these links (sites are updated daily)
Fraud During the Coronavirus
With all the disruption of business as a result of the coronavirus, companies are vulnerable to fraud. It is important, however, to ensure your business does not become a victim of fraud. We would like to share with you two schemes that are likely to occur during the current crisis, ACH and credit card fraud. Read More