Congress has passed a $484 billion economic aid package titled, The Paycheck Protection Program and the Health Care Enhancement Act. The president is expected to sign this into law quickly. Specific to small business, the bill includes $320 billion for the Paycheck Protection Program and $60 billion for the Emergency Injury Disaster Loan (EIDL) Program (includes $10 billion allocated for the EIDL Emergency Advance). We encourage all small businesses to take action and apply for these programs now OR reach out to your lender for PPP or the SBA for EIDL to check the status of your applications.
WHAT EMPLOYERS NEED TO KNOW
The Orlando Economic Partnership is closely monitoring policy decisions at the federal, state and local level. This is an up-to-date list of important information and resources for businesses and employers from a public policy standpoint.
Here is an overview of the federal legislation that has been enacted regarding the COVID-19 pandemic.
COVID-19 Federal Response Timeline
The Families First Coronavirus Response Act
The Families First Coronavirus Response Act includes provisions related to financial assistance employers are required to provide during challenging circumstances for employees who need to take emergency leave. The chart below summarizes the specifics around the requirements and for more information from the Department of Labor click here.
Key Government Action
The Orlando Economic Partnership public policy and advocacy is providing daily updates to keep employers abreast of the more important actions at the local, state and federal government level.
Local Government Updates
State Government Updates
Gov. Ron DeSantis issues stay-at-home order for Florida | Florida Politics
Federal Government Updates
Donald Trump, Congress agree on $2 trillion virus rescue bill | Florida Politics
Medicare Health Care Provider Telemedicine Fact Sheet | Centers for Medicare & Medicaid Services
CMS Approves First State Request for 1135 Medicaid Waiver in Florida | Centers for Medicare & Medicaid Services
Updates from Leading Firms
Government Relations & Lobbying Update: COVID-19 | GrayRobinson
President Signs Families First Coronavirus Response Act | Lowndes Law
Treasury Department Extends Tax Payment Deadlines | Lowdnes Law