Business AND Community Resources FOR WORKERS & EMPLOYERS THURSTONSTRONG.ORG
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May 2020
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Federal Resources State Resources CARES Act Round Two (New Funding Available!) Congress has passed the Paycheck Protection Program (PPP) and Health Care Enhancement Act, which provides critical additional funding for workers and small businesses affected by coronavirus. This impacts the Paycheck Protection Program (PPP) & Economic Injury Disaster Loan (EIDL).
Governor Announces Washington State COVID-19 Recovery Plan On April 22, Governor Jay Inslee presented a new plan for reopening Washington State for business. The plan includes continued social distancing, and then a phase-in of various economic sectors, built around three primary focus areas:
1. Protect the Health and Safety of Washingtonians: Guided by data and science, we must continue to suppress • the virus, protect our most vulnerable and treat those who are sick. We must • ensure that COVID-19 infections and deaths are decreasing and that we • have sufficient testing and contact identification in place before taking steps toward loosening restrictions. To learn more about this new funding, 2. Facilitate a Safe Start and Transition visit: home.treasury.gov/news/pressreleases/sm987 to Economic Recovery: A healthy workforce is needed for a healthy How Washington State Fared economy. When it is safe, we will take in the First Round of SBA Funding measured steps to get people back Nationwide, the SBA Paycheck Protection to doing what they do best in a way Program (PPP) issued over 1.6 million loans that protects themselves and their through April 16, totaling over $342 billion. communities’ health. Washington State businesses received 3. Support All People and Communities: just over 30,400 loans totaling nearly $7 We will use an equity lens for recovery billion. About three-quarters of loans were efforts to enhance people’s physical, for $150,000 or less. As shown below, emotional and financial well-being, about half of all funding went to four major with particular attention to those industries: Construction; Professional who have been disproportionately Services; Manufacturing; and Health Care. impacted by COVID-19, including Accommodation and Food Services and communities of color, individuals Retail were the next highest recipients. experiencing homelessness, individuals with disabilities, as well as those Federal USDA Rural Resource Guide experiencing unemployment, poverty, The USDA has published a resource guide and food insecurity. to help farmers, ranchers, cooperatives, hospitals, tribes, local government and More info at : www.governor.wa.gov/ other rural businesses and families. sites/default/files/Washington%27s%20 Recovery%20Plan%20.pdf. Get the guide at: www.rd.usda.gov/sites/ default/files/USDA_COVID-19_Fed_ In early May, we will publish Rural_Resource_Guide.pdf a Re-Opening Toolkit. •
If you have already applied for the PPP, you should not have to apply again. If you have not applied for the PPP, check with your lender to see if they are SBA approved. If not, consider checking alternative lenders including PayPal, Intuit, Square and Kabbage. If you have not applied for EIDL since 4/3 you will have to reapply.
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