Coronavirus (COVID-19) Information

Coronavirus (COVID-19) Updates

Loan Portfolio Guaranty Program

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LED Growth Network:  Because things are so fluid, I am documenting the below information as accurate as of 8:00am on April 2, 2020.

Yesterday, LED announced a new Loan Portfolio Guaranty Program (LPGP).  Louisiana businesses impacted by COVID-19 and with less than 100 employeesmay be eligible for loans of up to $100,000.  Loans will require no payments (or bear any interest) for first six months and carry below-market interest rates not to exceed 3.5% (possibly less depending upon the lending institution).  The LPGP will supply capital to create a loan guaranty fund of up to $50 million, which LED would guaranty 20% of the pool allocated to each participating bank.

Louisiana Loan Portfolio Guaranty Program Information

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From: Tangipahoa Economic Development

To: Tangipahoa Businesses and Stakeholders

In an ongoing effort to keep you informed, please be advised that a new program to  assist the small business community has been launched.

The Louisiana Loan Portfolio Guaranty Program, or LPGP, is a partnership of Louisiana Economic Development (LED), which will provide a loan guaranty fund; the Louisiana Bankers Association (LBA), whose participating members will offer the loans; and the Louisiana Public Facilities Authority (LPFA), which will administer the program.

COVID-19 Update - 4/2/2020

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LOUISIANA

Please go to http://ldh.la.gov/Coronavirus/ for official information on Positive Test Results and locations.  It is updated 12 noon daily.  LDH officials’ latest report: As of last report there are 60 of 64 parishes reporting with 6,424 cases of COVID-19 and 273 deaths across the state.  SEE END OF REPORT FOR PARISH INFO. 

Bulletin From Senator Cassidy - Families First Coronavirus Response Act (FFCRA)

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From: Tangipahoa Economic Development

To: Tangipahoa Businesses and Stakeholders

Please scroll all the way down to read a bulletin from Senator Cassidy regarding the Families First Coronavirus Response Act (FFCRA) and the associated Tax Credits for employers.

Note that links are provided for "Fact Sheets" for both employees and employers (at end of email.)

If you do not desire to receive these updates just let us know and we will remove you from the email group list.

Thank you and be safe and well for you and yours. 

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