A valuable tax credit is available to certified businesses that hire long-term unemployment recipients and other groups facing significant barriers to employment. The Work Opportunity Tax Credit, which has been extended through 2025, encourages employers to hire members of 10 targeted groups. Of significant note due to the COVID-19 pandemic, one of these groups is those that have been unemployed for at least 27 consecutive weeks and received unemployment benefits during part or all of that time. The other groups are: Temporary Assistance for Needy Families (TANF) recipients; unemployed
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In response to COVID-19, small business owners, including agricultural businesses and nonprofit organizations, in all U.S. states, Washington D.C., and territories, can apply for the COVID-19 Economic Injury Disaster Loan (EIDL). This loan, directly from the Small Business Administration (SBA), must be repaid. It’s a low-interest, fixed-rate, long-term loan to help overcome the effects of the pandemic by providing working capital to meet operating expenses. Please contact PPG Partners if you would like help applying for a loan. The following is information from the SBA website regarding the
Announced in September, the latest installment of COVID-19 relief includes $17 billion for health care providers (including dentists) under the Provider Relief Fund (PRF), and $8.5 billion more under the American Rescue Plan (ARP). Application Information Applications are open from September 29, 2021 to October 26, 2021, at 11:59 p.m. ET. In order to streamline the application process and minimize administrative burdens, providers will apply for both programs in a single application, at https://cares.linkhealth.com/#/. Applications must undergo a number of validation checks before financial
The U.S. Small Business Administration (SBA) announced the closure of the Restaurant Revitalization Fund (RRF) in July after awarding the program’s full $28.6 billion appropriation to more than 100,000 restaurants, bars, and other businesses that provide on-site food and drink. Congress created the RRF to provide relief to a sector of the economy especially hard-hit by government-imposed shutdowns and other restrictions related to the COVID-19 pandemic. Demand for the funds far outstripped the supply, with restaurants and other eligible businesses submitting more than 278,000 applications