COVID-19 Bulletin 4/1/20
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. You can also visit our resource page – it is being regularly updated to provide you the most up-to-date information.
UPDATE: U.S. Department of Treasury Releases Information on Paycheck Protection Program
The U.S. Treasury Department has released new information regarding the Paycheck Protection Program. A component of the federal stimulus package (CARES Act), the Paycheck Protection Program is a $349 billion program designed to help small businesses (500 or fewer employees) retain jobs and cover other expenses as our economy is upended by the COVID-19 pandemic.
- A top-line overview of the program can be found HERE
- Potential borrowers can find more detail HERE
- The application for borrowers can be found HERE
- Interested Buffalo Niagara lenders can find more HERE
- The U.S. Treasury has also set up a dedicated website for the Paycheck Protection Program HERE
Also, we remind you that the U.S. Chamber has produced a Small Business Loan Checklist to help employers and businesses navigate and better understand the Paycheck Protection Program.
Employer Resources for Essential Workers Needing Assistance with Child Care Coverage
Erie County and Child Care Resource Network have partnered to assist in matching essential front line workers in need of child care with child care programs that have temporary vacancies. You can call (716-877-6666) or fill out the survey to get connected to available resources. For more information and materials to share with your employees, visit our blog HERE.
As the regional chamber of commerce, 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 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