I wanted to pass along some information that many of you may find valuable. Attached are 3 documents outlining “The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain nonprofits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.”
Over the weekend, the Trump administration listed construction as an essential industry during the crisis. While this does not overrule individual Governors' orders, Governor Jay Inslee stated that the restrictions put in place and the essential businesses allowed to continue operations in the State of Washington were based on the Federal Guidelines in place at the time. Hopefully the essential designation from the President will pressure the Governor to allow construction work to resume. In a previous post, you will see we have worked with Local County Commissioners to put pressure on the Governor's Office to life many of the restrictions on construction work in Washington State.
Stimulus Small Business Explainer-FINAL.pdf
Small Business Stimulus Section-by-Section Summary.pdf
The Small Business Owners Guide to the CARES Act.pdf
As always, if you have any questions, please feel free to contact us! We're here for you.
Lee Pfluger, CEO Building North Central Washington
O: 509.293.5840 C:509.881.8213 Lee@BuildingNCW.org