Legislative Report May 2020

Legislative Report May 2020

Federal Legislative Summary Congress stayed busy with numerous bills aimed at fixing current gaps in recently passed Covid-19 relief/stimulus legislation. With an estimated 40 million jobs lost during the last two months, it seems unlikely Congress will be able to...
New Law Adds Flexibility to Paycheck Protection Loans

New Law Adds Flexibility to Paycheck Protection Loans

President Trump signed H.R. 7010, the “Paycheck Protection Program Flexibility Act of 2020,” on June 5th and it is expected this bill will provide further relief for businesses that qualify for the PPP loans. Among several provisions in this bill,...
After April’s Stimulus Funding, What’s Next for the Economy?

After April’s Stimulus Funding, What’s Next for the Economy?

It could be viewed as an anti-climactic month considering what transpired in Congress during March. The national fear and spread of coronavirus (COVID-19) prompted a virtual shutdown of the national economy resulting in the most jobs lost since the Great...
Legislative Report April 2020

Legislative Report April 2020

Federal Legislative Summary Congress enacted three major pieces of legislation in March, culminating in the “CARES Act,” which appropriated over $2 trillion in aid to businesses and Americans. A centerpiece of this bill was the Paycheck Protection Program (PPP), which...
President Signs Bill for Additional Stimulus Funds for Small Businesses

President Signs Bill for Additional Stimulus Funds for Small Businesses

H.R. 266 will fund an additional $484 billion for small businesses, hospitals and coronavirus testing. This second round of stimulus funding is now approved, after the continuing economic fallout from the COVID-19 pandemic resulted in the almost immediate depletion of...
Electronic Security Industry is Essential in Uncertain Times

Electronic Security Industry is Essential in Uncertain Times

The last month could easily be described as unprecedented for healthcare and our economy (not to mention the world economy). We quickly discovered as governors and local leaders began issuing executive orders to restrict events and business, that we had...
Legislative Report – March 2020

Legislative Report – March 2020

Federal Legislative Summary Virtually all federal legislation tracked in March was associated with the federal response to the COVID-19 pandemic. The most significant bills were obviously the three bills designed to address healthcare and family assistance for Americans, the overall...
Comparing Small Business Disaster Loans

Comparing Small Business Disaster Loans

Small business applicants can apply for Economic Injury Disaster Loans and the Paycheck Protection Program if there are different uses of proceeds for each loan. Funds from the loans cannot be comingled. EIDL funds come directly from the U.S. Treasury....
What You Need to Know about the $2 Trillion Coronavirus Aid Bill to Help Your Business

What You Need to Know about the $2 Trillion Coronavirus Aid Bill to Help Your Business

President Trump signed the $2 Trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020, but what is in the bill that will help you NOW? Some highlights include:  Paycheck Protection Program Eligible Paycheck Protection Plan (PPP) loans will...
What’s in the $2 Trillion Aid Package in Response to Coronavirus Crisis

What’s in the $2 Trillion Aid Package in Response to Coronavirus Crisis

The growing economic crisis for business and employees resulting from the government response to the coronavirus (COVID-19) pandemic is truly putting our economy on the brink of disaster. This includes the businesses and employees of many ESA members and all...

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There’s no better way to build and strengthen your business than by leveraging the benefits of ESA membership.

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