GNO, INC Update – 4/24/2020

Regional Stakeholders,

During a crisis, timely, accurate, and actionable information is important.  In order to help you get this information, GNO, Inc. is sending out regular updates.  Please see below, and feel free to forward.

April 24, 2020 Update

News

• Paycheck Protection Program to Resume Monday – President Trump has signed the latest coronavirus financial relief package, providing $310 billion for the Paycheck Protection Program (PPP). The Small Business Administration will resume accepting PPP applications from approved lenders on Monday morning.  To read more, click here.
• Paycheck Protection Program FAQs – Additional Paycheck Protection Program FAQs were also released today by the Department of Treasury.  They include clarification stating that while there is no requirement borrowers must be unable to obtain credit elsewhere, they must certify in good faith that their PPP loan request is necessary.  This guidance comes in response to widely publicized reports of larger public businesses with other access to capital receiving loans through this program.
• Health Equity Task Force –Governor John Bel Edwards announced that he is making $500,000 available to the Louisiana COVID-19 Health Equity Task Force.  Established earlier this month, the goal of the task force is to study the causes and solutions to the high rate of deaths from the coronavirus within Louisiana’s African-American community and other impacted populations.  Funding for the task force is from the Governor’s COVID-19 Response Fund which is funded through the Irene W & C.B. Pennington Family Foundation, the Baton Rouge Area Foundation and the Huey and Angelina Wilson Foundation.
• Band Together Online Benefit Fest – Saturday, at 3:00pm, Band Together Online Benefit Fest will be hosting a benefit concert that not only showcases the best talent our region has to offer, but will also raise funds for musicians.  The New Orleans Music Economy (NOME) initiative is one of the partners of Band Together

Information

• GNO, Inc. Webinar:  From F&B to CPG – On April, 28 at 3:00pm, GNO, Inc. will host a webinar that will explore how restaurants that are seeking additional revenue streams can pivot their food and beverage operations to consumer products and goods.
• Coronavirus Loan Comparison Chart – You can see a single chsart that compares all loan programs here.

Resources

Are you looking for:

• NEW RESOURCE – GNO, Inc. introduces GNOmatch, whereby we provide custom connections between companies with lay-offs, and those hiring for transferable skills.
• Online Training? – A catalogue of opportunities for online training from the region’s higher education partners and private training providers can be found here.
• Work? – If you want a job in a sector that is surging right now, new openings are on WorkNOLA.com.
• Employees? – A database of local talent looking for new job opportunities, including quick employment history and skills summary, is on theWorkNOLA Workforce Directory.
• COVID-19 Customers/Purchasers? – If you have pivoted your business to make a new, coronavirus-related product, register onGNOpivot.
• COVID-19 Supplies/Services? – If you are looking for PPE, sanitizer, food providers, and other related products and services, search the GNOpivot Resource Tool.

As always, general information is on the GNO, Inc. Coronavirus Business Resource Page.

Please feel free to contact me [email protected] or VP Policy Ileana Ledet at [email protected] with any questions or suggestions.

Take care,

Michael

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