8/20 Webisode: Borrower Beware: Defending PPP Loans from After-the-Fact Gov’t Scrutiny
August 20, 2020
If you have any questions regarding PPP loans, the Business Link is designed to help you. We will connect you with experts and get you timely answers so you and your organization can continue to succeed.
Submit your PPP questions HERE. (This program is being revamped.)
The Paycheck Protection Program (PPP) was a lifeline to many companies faced with the existential threat of an unknown pandemic. But the prospect of “free money” by loan forgiveness comes with ever-evolving strings – including the possibility of an audit and scrutiny by federal agencies with the jurisdiction and political will to investigate borrowers’ eligibility and use of funds.
Hodgson Russ attorneys discuss PPP risks and strategies you can implement now to prepare to protect yourself or your company against the inevitable scrutiny, litigation, and potential criminal investigations that some borrowers may soon face.
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Thank you to our presenters 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.
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.