2024-05-07T00:03:13-04:00 https://archinect.com/news/article/150193375/small-construction-firms-included-in-paycheck-protection-loan-program-after-all Sean Joyner 2020-04-14T11:23:00-04:00 >2020-04-14T11:23:46-04:00 <img src="https://archinect.gumlet.io/uploads/cd/cdc5fd4ca9a4bc7c727492409c7d6cd0.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>New guidance from the Treasury Department appears to allow any U.S. firms with 500 or fewer employees to qualify for the Small Business Administration's Paycheck Protection Program regardless of revenue, according to the Associated General Contractors of America (AGC). The initiative was created as part of the $2 trillion coronavirus rescue bill enacted late last month.</p></em><br /><br /><p>According to <em>Construction Dive</em>,&nbsp;President Donald Trump's administration released the new guidance April 7th after the AGC raised concerns that many small construction firms appeared to be excluded from the initially drafted program.</p> https://archinect.com/news/article/150191054/2-trillion-federal-emergency-economic-aid-package-has-been-signed-into-law-how-will-it-impact-architects Antonio Pacheco 2020-03-27T16:50:00-04:00 >2024-03-15T01:45:58-04:00 <img src="https://archinect.gumlet.io/uploads/cc/cc9bbde99ee7ec0afbf21e5ba4c8e721.jpeg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>The United States Senate and House of Representatives have both passed the <a href="https://www.npr.org/2020/03/25/820759545/read-2-trillion-coronavirus-relief-bill" target="_blank">CARES Act,</a> $2 trillion economic aid package crafted in response to the coronavirus (COVID-19) crisis, the largest government stimulus in the history of the United States. The historic effort, which was signed into law by President Donald Trump Friday afternoon, bears wide implications for American architecture firms and their workers.&nbsp;</p> <p>For one, the plan will deliver a one-time $1,200 direct payment from the federal government to most individuals in the country making less than $75,000, with a slew of protections and expanded benefits for people who have lost their jobs or have had their businesses impacted by the economic slowdown put in place to slow the spread of the virus. For individuals, the package also offers relief from certain student debt obligations, as well as allotments for students to receive certain types of aid and income through the duration of the crisis.&nbsp;</p> <p>The plan also expands who can apply...</p>