“History, despite its wrenching pain, cannot be unlived, but if faced with courage, need not be lived again.” – Maya Angelou
In this Must Know…
Listening Session: Policy Update
We know that each of you are implementing programs and procedures to help your clients during the pandemic.
Join us TOMORROW at 12:00pm PDT for our latest listening session and Federal and State Policy Update.
Much has gone on in the last week including new federal relief legislation, movement on transparency, and the state budget (see blog post below). Join us and our policy experts to tease out what it all means.
Federal Policy Updates
SBA announced that it will begin making public data on the Paycheck Protection Program (PPP) that was not previously disclosed. For loans between $150,000 and $1 million, SBA will disclose the business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, jobs supported, and loan amount range.
Senators Rubio, Cruz, and Scott also introduced a bill to expand PPP eligibility to Chambers of Commerce. Check out our latest MicroBiz Blog to learn more.
PUA Help for the Self-Employed
CAMEO is partnering with Zitrin Family Foundation, Legal Aid At Work, and the Renaissance Center to help self-employed workers in California through a legal clinic that will check eligibility and walk people through the application process.
Please help us spread the word and refer your clients who may need the help. You can access our toolkit for cut and paste emails and social media posts.
- The California HCD Department released an amendment to the federal 2019-20 Community Development Block Grant NOFA that extends the Economic Development program application deadline to September 15, 2020.
- EDA is now accepting applications for $1.5 billion in CARES Act supplemental funds.
- JPMorgan Chase released a report on Small Business Financial Outcomes during the Onset of COVID-19.
- McKinsey published a report on COVID-19’s effect on minority small businesses in the United States.