Paycheck Protection Program

Lucy Perry – CEG CORRESPONDENT - Thu January 14, 2021

Latest COVID-Related Stimulus Package Includes Revised PPP Loan

Last month, President Trump signed into law the Consolidated Appropriations Act (the "CAA") federal stimulus package. During the week of Jan. 10, 2021, the Small Business Administration (SBA) launched a new round of Paycheck Protection Program (PPP) loans tailored to small businesses hit by the coronavirus pandemic....

Wade Balkonis, AEM - Thu June 11, 2020

Five Ways You Can Engage Policymakers in Response to COVID-19 Pandemic

As our member companies respond to the COVID-19 pandemic, they've told us their priority is to ensure their workers' safety and health while also obtaining access to the resources available to them to keep production going....

AGC - Wed July 08, 2020

Passage of Paycheck Protection Program Improvements Will Save Many Jobs, Protect Employers

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the passage of the Paycheck Protection Program Flexibility Act of 2020: "This new law improves upon the original Paycheck Protection Program by extending the coverage period to 24 weeks, revising the ratio of percentage of expenses allowed to be forgiven up to 60 percent payroll costs and 40 percent non-payroll, extending the maturity period for the loans from two years to five, and allowing loan recipients to defer payroll taxes through the end of 2020....

AGC - Mon June 01, 2020

AGC: House-Passed PPP Bill Will Allow Construction Firms to Save More Jobs

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement on May 28 in reaction to the passage in the House of Representatives of the Paycheck Protection Program Flexibility Act of 2020: "Members of the House appreciate that one of the best ways to protect the economy from further harm is to make needed improvements to the federal Paycheck Protection Program....

AGC - Wed May 06, 2020

Decision to Extend Paycheck Protection Program Loan Return Deadline to May 14th Helps, But Clarifications Still Needed to Save Jobs

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the Treasury Department's announcement that it will extend the deadline for allowing firms to return their Paycheck Protection Program loans from May 7 to May 14: "The Treasury Department is right to extend its initial deadline for encouraging firms to return their Paycheck Protection Program loans, as we and other groups requested....