SBA Disaster Assistance in Response to the Coronavirus

SBA Disaster Assistance in Response to the Coronavirus

The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness […]

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AN EMPLOYER’S GUIDE TO FREQUENTLY ASKED QUESTIONS ABOUT REDUCTIONS IN FORCE AND UNEMPLOYMENT COMPENSATION RELATED TO COVID-19

AN EMPLOYER’S GUIDE TO FREQUENTLY ASKED QUESTIONS ABOUT REDUCTIONS IN FORCE AND UNEMPLOYMENT COMPENSATION RELATED TO COVID-19

As we continue to advise our clients through these challenging times, we have identified some frequently asked questions relating to reducing hours, furloughs, layoffs/reductions in force (“RIF”) and unemployment compensation benefits.  We hope that this article will assist in answering some of your initial questions.  As always, there are rarely black and white answers, and […]

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WHAT EMPLOYERS NEED TO KNOW ABOUT THE FAMILIES FIRST CORONAVIRUS RESPONSE ACT

WHAT EMPLOYERS NEED TO KNOW ABOUT THE FAMILIES FIRST CORONAVIRUS RESPONSE ACT

The Families First Coronavirus Response Act (the “FFCRA”) was signed into law by President Trump on March 18, 2020, will become effective within 15 days of enactment, and will remain effective until December 31, 2020.   The FFCRA makes emergency supplemental appropriations and amendments in response to the COVID-19 pandemic.  The FFCRA has eight (8) divisions, […]

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Guiding Your Business Through the COVID-19 Pandemic

Guiding Your Business Through the COVID-19 Pandemic

The recent outbreak of respiratory disease caused by COVID-19 that was first detected in Wuhan City, Hubei Province, has left many employers across the country grappling with how to effectively and lawfully protect their employees. Join Polsinelli attorneys as they discuss how to guide your business through this pandemic. This webinar was previously recorded on March […]

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Rep. Mucarsel-Powell Urges Florida Small Businesses Impacted By Coronavirus to Apply for SBA Disaster Assistance Loans

Rep. Mucarsel-Powell Urges Florida Small Businesses Impacted By Coronavirus to Apply for SBA Disaster Assistance Loans

WASHINGTON, March 14 — Rep. Debbie Mucarsel-Powell, D-Florida, issued the following news release: Last Week, U.S. Rep. Debbie Mucarsel-Powell (FL-26) voted for an $8.3 billionemergency funding bill that allows $1 billion in loans subsidies to help small businesses impacted by the coronavirus. This funding could enable the Small Business Administration (SBA) to issue an estimated $7 billion in low-interest loans to businesses affected by the outbreak. “I am proud […]

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COVID-19 Will Fuel the Next Wave of Innovation

COVID-19 Will Fuel the Next Wave of Innovation

Black swan events, such as economic recessions and pandemics, change the trajectory of governments, economies and businesses — altering the course of history. The Black Death in the 1300s broke the long-ingrained feudal system in Europe and replaced it with the more modern employment contract. A mere three centuries later, a deep economic recession — thanks […]

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Facebook announces $100 million program for small businesses impacted by coronavirus

Facebook announces $100 million program for small businesses impacted by coronavirus

Facebook on Tuesday announced a $100 million program to help small businesses as governments throughout the country urge gyms and restaurants to close their doors to slow the coronavirus pandemic. In a blog post announcing the grants, Facebook said, “We know that your business may be experiencing disruptions resulting from the global outbreak of COVID-19. We’ve heard that […]

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Coronavirus: 8 Things Your Small Business Needs to Do

Coronavirus: 8 Things Your Small Business Needs to Do

The COVID-19 pandemic is spreading rapidly, with new updates flying in every minute. As the situation evolves, many small business owners are unsure of what steps to take to mitigate risk, protect employees and support customers.  The U.S. Chamber of Commerce offers a coronavirus toolkit with a compilation of the CDC’s recommendations for businesses and workers across the country. […]

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Startup advice for coronavirus turmoil: curb expenses; assess hiring; don’t panic; be human

Startup advice for coronavirus turmoil: curb expenses; assess hiring; don’t panic; be human

When the global financial crisis hit more than a decade ago, Zillow was a burgeoning startup with 150 employees and little revenue. “It was a tough time,” recalled Rich Barton, co-founder of the online real estate giant. “But we made it through strong.” Barton, who returned as CEO of the $9 billion company last year, knows […]

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PitchBook Analyst Note: COVID-19, the Sell-Everything Trade, and the Impact on Private Markets

PitchBook Analyst Note: COVID-19, the Sell-Everything Trade, and the Impact on Private Markets

This analyst note assesses what’s in store for PE and VC firms in the wake of recent market volatility and an impending economic slowdown due to the coronavirus. Dissecting historical performance and fundraising data, our analysts highlight how private markets have fared in past downturns and discuss the key differences in the newest bear market. […]

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