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.

  •  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/