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The Paycheck Protection Program is a business relief program providing small business loans that are generally forgivable. Despite initial issues, more than 1.5 million applicants were approved for PPP loans, reaching the Program’s entire $350 billion budget in less than two weeks. There is a consensus that the Program will receive significant additional funding this week.
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act (the “Act”). The purpose of the Act is to address the numerous areas impacted by the COVID-19 pandemic, including public health, business, economic, and others. This article discusses major impacts of the Act on health care providers and suppliers.
Navigating the waters of COVID-19 is daunting for most leaders. Amid a public health crisis like none we’ve ever seen, grasping the impacts to your workforce is like trying to keep your head above water with new legislative and public health guidance coming in waves one after another. All while, your employees are looking to you for calm, assurance, and strength against the storm.
For nearly 20 years we’ve worked with innovation teams nestled inside large corporations, hustling to bring new products and designs to market as quickly as possible. They have plenty of funding for research, plenty of resources for fostering innovation, and of course… plenty of red tape.
As the coronavirus pandemic unfolds, the nation has rightly lauded the bravery of healthcare professionals, grocery store clerks, over-the-road truckers, teachers, delivery drivers, nursing home employees and everyone else working on the front lines to save lives and keeping us all going right now. We owe a deep debt of gratitude to them all.
The federal government's $2.2 trillion stimulus package known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act contains significant benefits for small businesses and nonprofit organizations, but one of them in particular — the $349 billion Paycheck Protection Program (PPP) — requires prompt action to take full advantage of the benefit.
Evolving developments and news surrounding COVID-19 (the “coronavirus”) has prompted immediate action from employers and businesses worldwide. While many businesses have been forced to temporarily shut down, the ones that remain operational have been forced to adjust to working remotely and adopt other protocols to ensure the health and safety of their employees and customers. As employers face the challenge of balancing business with growing health concerns related to the coronavirus, they face additional challenges as their cybersecurity protocols will be tested like never before.
GRAND RAPIDS, Mich. — Legislative summaries, statistical data and technical interpretations are everywhere as our new reality is defined by the cataclysmic shift COVID-19 has caused. But far too little is being said about how employee relations may be impacted as a result of the way business must now be (or not be) done.
A significant amount of the world’s wealth is generated by family owned businesses. Some estimates provide that the total economic impact of family businesses to the global GDP is over 70%, and family businesses employ just over half of workers in the United States. Despite these impressive statistics, family businesses often struggle to implement successful succession plans.
When it comes to manufacturing, a low-cost product does not have to be synonymous with a low-quality product. That was a main takeaway from a recent webinar hosted by the Michigan Manufacturing Technology Center-West, MiBiz and The Right Place. The webinar on Design for Manufacturing and Assembly — often referred to as DFMA — brought together West Michigan manufacturing executives to discuss the importance of intentional product design in manufacturing.