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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. — Construction Dive
According to Construction Dive, 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. View full entry
The United States Senate and House of Representatives have both passed the CARES Act, $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... View full entry
