COVID-19 Update | Wednesday, April 22
April 22, 2020 / Really Old Microsites
Congress As reported yesterday, the House will consider the Paycheck Protection Program Increase Act of 2020 tomorrow. The House will convene for legislative business at 10am and we expect recorded votes to begin at 1:30pm EST. The House intends to vote in nine groups to allow for appropriate social distancing. The first eight groups will […]
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Canadian COVID-19 Update | Wednesday, April 22
April 22, 2020 / Really Old Microsites
TIAC’s Work TIAC’s President and CEO, Charlotte Bell, was featured today in the Financial Post speaking on the plight of COVID-19 on the tourism sector, and what needs to be done for relief https://business.financialpost.com/news/retail-marketing/tourism-catastrophic-hit-covid-19 TIAC’s President and CEO continued conversations today with ISED and other government stakeholders, emphasizing the importance of liquidity for our industry […]
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Canadian COVID-19 Update | Tuesday, April 21
April 21, 2020 / Really Old Microsites
TIAC’s Work TIAC’s President and CEO continued conversations today with various political stakeholders, emphasizing the importance of liquidity for our industry and ensuring tourism businesses are able to access relief measures. Today, the Prime Minister announced that the online application portal to access the Canadian Emergency Wage Subsidy (CEWS) will be available on Monday April 27th on the […]
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COVID-19 Update | Tuesday, April 21
April 21, 2020 / Really Old Microsites
Congress The Senate passed additional funding for CARES Act programs today, titled the Paycheck Protection Program Increase Act of 2020. The bill totals $484 billion and was passed by voice vote this afternoon. A few additional details are below: Small Business Assistance $321 billion was included in the deal for the oversubscribed Paycheck Protection Program […]
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COVID-19 Update | Monday, April 20 (PM)
April 20, 2020 / Really Old Microsites
Congress A deal on additional funding for existing programs under the CARES Act was not realized today. It is expected that a deal could be passed by unanimous consent in the Senate as early as tomorrow in a Pro Forma session. The deal contours include an additional $500 billion to replenish oversubscribed programs from the […]
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Canadian COVID-19 Update | Monday, April 20
April 20, 2020 / Really Old Microsites
TIAC’s Work TIAC’s President and CEO reported on industry feedback on relief measures today on a regularly scheduled call with ISED Associate Deputy Minister, where she emphasized again that many stakeholders are reporting long waiting times to receive answers on relief measures. Further details are now available regarding last week’s announcement of the Regional Development Agencies […]
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COVID-19 Update | Monday, April 20 (AM)
April 20, 2020 / Really Old Microsites
Congress Congress is close to a deal to inject more money into the Small Business Administration’s (SBA) Paycheck Protection Program (PPP). Elevate believes that the that deal could be finalized as soon as today in the Senate and include $300 billion in additional funds for the PPP – $65 billion for small lenders. We are […]
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Canadian COVID-19 Update | Friday, April 17
April 17, 2020 / Really Old Microsites
TIAC’s Work The Government announced further funding measures for SMEs having trouble accessing funding to previously announced government programs Regional Development Agencies (RDAs) and the Community Futures Network will receive $962M in government funds to assist small businesses Please find a guide for contacting your RDAs found in the links here. If you are a member in the […]
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COVID-19 Update | Friday, April 17
April 17, 2020 / Really Old Microsites
Congress Disagreement between Republican and Democrat congressional leadership regarding additional funds for state and local governments continues to hamper negotiations. As previously reported, National Governors Association Chair Larry Hogan (R-MD) and New York Governor Andrew Cuomo have issued a joint call to the President that states need $500 billion in relief and over 300 Mayors […]
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COVID-19 Update | Thursday, April 16
April 16, 2020 / Really Old Microsites
Congress The Senate remained in deadlock on additional funding for the Paycheck Protection Program (PPP) and other additional CARES Act funding. A deal is recognized by both parties as essential, but timing remains uncertain. If a deal is reached, it could be considered expeditiously. The Senate will have their next Pro Forma session on Monday, […]
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