INFORMATION ON ECONOMIC RESPONSE/SUPPORT
Note: We do not claim this to be a complete list. Other links can be sent to lobsterinstitute@maine.eud for possible inclusion on this site.
- Updates from Maine Small Business Development Centers: Webinars, Unemployment for Self-Employed, Plan to Re-open Maine Businesses. April 29, 2020
- SBA to Resume Payroll Protection Program April 27
- Unemployment information from Maine Department of Labor
- SBA’s Emergency Cash Advance Program offering $10,000 in emergency cash to those who qualify, with no need to pay back. Information available here.
- Free legal answers offered in Maine through the American Bar Association during Coronavirus crisis. Go to maine.freelegalanswers.org
- The New York Times announced this afternoon – Friday, March 27, 2020 – that “President Trump … signed into law the largest economic stimulus package in modern American history, backing a $2 trillion measure designed to respond to the coronavirus pandemic.”
- Brad Gilman, Rick Marks, and Sebastian O’Kelly of Robertson Monagle & Eastaugh prepared a detailed analysis of the Senate COVID-19 Legislation Phase III – The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which is available here.
- David Frulla, David Hickey, and Timothy Lavender of Kelley Drye & Warren LLP prepared a detailed analysis of the small business provisions of Title I of Division A of the CARES Act, the “Keeping American Workers Paid and Employed Act,” which creates the “Paycheck Protection Program” (PPP). This analysis is available at Federal Relief Package Includes $350 Billion for Small Business.
- Videos from Maine SBDC to help small businesses applying for disaster loans
https://www.mainesbdc.org/sba-disaster-loans/
- Canada’s COVID-19 Economic Response Plan for Canadians and Businesses
https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html - Canada Employment & Social Development
https://www.canada.ca/en/employment-social-development/corporate/notices/coronavirus.html - Canadian Summary of Emergency Funds
https://aptnnews.ca/2020/03/18/a-summary-of-covid-19-emergency-funds/ - U.S. Small Business Administration
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources - U.S. Department of Commerce – Quick Take: Coronavirus Economic Impact
https://www.uschamber.com/series/above-the-fold/quick-take-coronavirus-economic-impact - Maine Department of Labor – Unemployment
https://www.maine.gov/unemployment/ - Finance Authority of Maine – Loan Program
https://www.famemaine.com/important-notices/new-covid-19-consumer-loan-guaranty-program/ - Massachusetts Small Business Recovery Loan Fund
https://www.empoweringsmallbusiness.org/what-we-offer/emergency-loan-funds/covid-19-loan-fund - New Hampshire COVID-19 Business Resources
https://www.nheconomy.com/covid19 - Prince Edward Island – Financial Support
https://www.princeedwardisland.ca/en/topic/covid-19 - Quebec Temporary Aid for Workers Progam
https://www.quebec.ca/en/family-and-support-for-individuals/financial-assistance/temporary-aid-for-workers-program/ - U.S. ”Coronavirus Preparedness and. Response Supplemental Appropriations Act, 2020”
https://www.congress.gov/116/bills/hr6074/BILLS-116hr6074enr.pdf