COVID-19 General Tips and Updates

LED opens COVID - 19 help desk

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LED | Louisiana Economic Development
 
 
 
  News Update  
 

CARES Act Update - 3/26/2020

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Hi all,

 

On Friday, the CARES Act will come before the House for consideration.  This legislation provides desperately needed resources to healthcare providers and patients, relief to American workers, families, small businesses, and industries.  The measures contained in the CARES Act will stabilize our economy and protect families during this time of uncertainty.  Please find below helpful links to details of CARES Act provisions by relevant House committees. As always, please do not hesitate to contact me if our office may be of assistance to you. 

 

Rustin Legendre | Regional Director

Congressman Steve Scalise (LA-01)

GNO, Inc. Update 3/26/2020

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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.

March 26, 2020 Update

News

  • Emergency Stimulus Package – The House of Representatives is set to take up tomorrow the nearly $2T emergency relief package approved unanimously by the Senate late last night.  The Coronavirus Aid, Relief and Economic Security (CARES) Act includes:
    • Payroll Protection Program – (see below)
    • Individual Aid - $1,200 financial assistance for most individuals, plus $500 for children (reduced to about $75K/$150K individuals/couples)
    • State Stabilization Fund - $150B to state and local governments, allocated by population
    • Payroll Tax Credit Refunds – Advance refunds of payroll tax credits enacted in the Families First Coronavirus Response Act, giving employers financial assistance to pay for mandated sick and family leave
    • Enhanced Unemployment Insurance – Extension of unemployment to nontraditional employees, and increased overall unemployment assistance for four months

GNO, Inc. Coronavirus Update - 3/25

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March 25, 2020 Update

News

  • Emergency Stimulus Package – The White House and Senate leaders announced that they have reached a deal on a nearly $2 trillion emergency relief package (The CARES Act). The deal would include:
  • $250B for direct payments to individuals and families
  • $350B for forgivable small business loans (see below)
  • $250B in unemployment insurance benefits
  • $500B in loans for distressed companies

The bill must now be passed by the Senate, then pass the House, then go to the President.

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