June 22, 2020 by Sarah Porter

UPDATE 06/19/2020: Paycheck Protection Program Flexibility Act of 2020 (PPPFA)

On March 27, 2020, Congress passed “The Coronavirus Air, Relief, and Economic Security Act” (CARES Act), which included the “Paycheck Protection Program” (PPP) for small businesses. The PPP allows businesses to keep their workforce employed during the COVID-19 pandemic by offering SBA loans. By April 16, 2020, just 14 days after the loan program become …

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June 12, 2020 by Sarah Porter

UPDATE 06/12/2020: The Phased Re-opening of Minnesota

On May 13, 2020, Minnesota Governor Walz announced the safe reopening of places of employment and the expansion of non-work activities through a phased “Stay Safe Plan.” Phase I (May 18 – June 1, 2020): On May 18, 2020, pursuant to Executive Order 20-56 (the “Phase I Order”), the Stay At Home Order issued by …

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April 5, 2020 by Sarah Porter

04/05/20: Loan Programs Available to Small Business Owners due to COVID-19

*Special thank you to Alysha Keck for contributing to this article. In response to the COVID-19 virus pandemic, the Federal Government, through the Small Business Administration (SBA), and the Minnesota Department of Employment and Economic Development  (DEED) have created or modified a number of loan programs to aid small businesses to overcome the challenges created …

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