SBA Issues Updated PPP FAQ and Clarifies Interplay between the Necessity Certification and 25% Revenue Reduction Test for Second Draw Loans | Hodgson Russ LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
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This edition of the “Government Contracts Regulatory and Legislative Update” offers a summary of and insight into the relevant industry developments that occurred during the month of February.
Executive Orders
President Biden Issues Executive Order to Strengthen America’s Supply Chains
On February 24, President Biden signed the Executive Order on America’s Supply Chains, to deliver on his campaign promise to strengthen critical supply chains and bolster domestic manufacturing capabilities. The Executive Order (EO) calls for a 100-day, whole-of-government assessment of four critical supply chains: semiconductors, large-capacity batteries, critical minerals and pharmaceuticals. In addition, it directs federal agencies to conduct broader, year-long reviews of six additional supply chains to include the defense industrial base; public health, information technology, communications technology, energy, transportation
SBA Issues Eligibility and Application Guidance for Shuttered Venue Grants | Pillsbury Winthrop Shaw Pittman LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
On December 27, the President signed into law the Consolidated Appropriations Act, 2021. The Act includes a roughly $900 billion COVID-19 relief package, known as the “Economic Aid to.
The U.S. Small Business Administration has always played an important role helping employers in Connecticut access capital.
But the federal agency arguably had its most significant impact over the last year, unveiling several new or expanded programs that provided financial lifelines for companies hit hard by the pandemic.
In Connecticut alone, for example, more than 64,000 businesses last year received $6.7 billion in potentially forgivable loans from the Paycheck Protection Program. That number only continues to rise in 2021 as the program enters its last month in operation.
Amid all that flurry of activity, the SBA’s Connecticut District Office quietly got a new leader.