Webisode: COVID-19 Federal Stimulus Details & The Business Impact
March 30, 2020
President Trump and Congress have passed a massive $2 trillion stimulus package in the wake of the COVID-19 pandemic that is devastating large segments of the United States economy.
The Partnership organized a webisode with the U.S. Chamber of Commerce to breakdown the stimulus package and help employers better understand what’s included to help your business, your employees, and the Buffalo Niagara economy recover in the long run.
Watch the webisode below and hear directly from the experts at the US Chamber of Commerce.
As the regional chamber of commerce, the Buffalo Niagara Partnership is committed to providing employers with the latest information and resources to help deal with COVID-19 and its impact on business, our community, state, and nation.
We will continue to follow up as more information becomes available. Given the fluidity of this situation, please feel free to reach out to us with questions at firstname.lastname@example.org and even more importantly, if you are willing to share best practices.
Thank You Again to the Chamber for Its Expertise:
Small businesses can now apply for a new tax credit to help offset COVID-19 costs. The $250 million COVID-19 Capital Costs Tax Credit Program will cover up to 50% of eligible expenses, for a maximum benefit of $25,000.
We are pleased to introduce Stephanie Wehrlin, BNP’s Assistant Event and Program Manager as our latest Staff Spotlight.
Stephanie has a specific focus on our Young Professional division, BN360. She creates an engaging platform for young professionals in the Buffalo Niagara region to connect, collaborate, learn, and be empowered.
Learn a little bit more about Stephanie in this brief Q&A.
The federal CHIPS and Science Act of 2022, known as CHIPS+, was signed into law by President Biden on August 9, 2022. This new legislation directs $52 billion toward renewing the heavily outsourced U.S. semiconductor manufacturing sector and reinvigorating U.S. chip research and development activities.
BUFFALO, N.Y. (The Buffalo News) —Dottie Gallagher, president of the Buffalo Niagara Partnership, said fears of random testing and possible quarantines in Ontario all worked to discourage significant aspects of the region’s integrated economy. She called the move “quite frankly, long overdue,” especially for those travelers discouraged to even try navigating requirements like ArriveCan.