Senator Merkley | Paycheck Protection Program (PPP)
"The Administration/U.S. Treasury has not yet sent banks and credit unions the info they need to accept and process the new Paycheck Protection Program forgivable loans for small businesses and 501c3 organizations starting tomorrow. Senator Merkley has been recommending that small businesses should make contact with their local bank or credit union and ask to be put on an application list (many banks have started doing this). That way when the Administration releases details, the banks can get back to the small businesses."
CARES Act | New guidance came out 4/2/20 making it clear that companies who have had layoffs and re-hire are eligible. The new rules require businesses to (1) spend 75% of their loans on payroll in order to qualify for forgiveness, and (2) clarify that firms who have already done layoffs can secure forgiveness by "quickly" rehiring laid-off workers. Here is the guidance from
Oregon's Bureau of Labor and Industries (BOLI) has issued a temporary order for Oregon's manufacturing facilities in regards to the maximum hours employees are allowed to work. Read more
The Alcohol and Tobacco Tax and Trade Bureau is postponing tax payment due dates and filing due dates for excise tax returns for 90 days for industry members affected by COVID-19. Read more
American Red Cross | Those who are healthy, feeling well and eligible to give blood or platelets, are urged to make an appointment to donate as soon as possible by using the Red Cross Blood Donor App, visiting
www.RedCross.org or calling (800) 733-2767. Donate your blood and save a life.
Previously Shared Resources
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