COVID-19 General Tips and Updates

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GNO, Inc. Update 3/26/2020

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.

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

You can read more about the CARES Act here.

  • Paycheck Protection Program (forgivable loans)  GNO, Inc. and partners strongly advocated for the “Payroll Protection Program,” which is included in the CARES Act.  The program has been described as a “crucial lifeline” for business and contains two important features:
    • The loans are made directly by private, local banks and CDFIs, which will enhance speed
    • The loans, if used on payroll and other operating expenses, are forgivable

You can see a draft summary of the Payroll Protection Program here.  Please send questions to our VP Policy, Ileana Ledet, at iledet@gnoinc.org.  GNO, Inc. will also host a webinar and release an FAQ in coming days.

Assistance

  • GNOpivot – If you are a business that is pivoting to a new product to serve immediate coronavirus needs, register on gnoinc.org/gnopivot, and the GNO, Inc. team will help connect you to customers.
  • LED Email for Questions – You can mail Louisiana Economic Development at LEDBiz@la.gov with questions related to the impact of the coronavirus.

Tips

  • Looking for Work? - In the wake of economic changes that have taken place as a result of the coronavirus, some companies are in need of workers. 
  • GNO, Inc. has compiled a running list on WorkNOLA.com of companies looking to fill immediate labor needs.
  • Looking for Employees?  If you have surge hiring needs because of the coronavirus, email Human Capital Manager Evie Poitevent at epoitevent@gnoinc.org and we will list your opportunities.

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

Please feel free to contact me mhecht@gnoinc.org or VP Policy Ileana Ledet at iledet@gnoinc.org with any questions or suggestions.

Take care,

Michael

-- 

 

Michael Hecht

President & CEO

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