Wednesday
June 17, 2020
Contact: Brooke Sticha
info@newprague.com
952-758-4360
Hi Members,

Thanks to the U.S. Chamber for updating the  Guide to PPP Loan Forgiveness . This guide reflects recent substantive changes made by Congress and the administration to the PPP program to provide borrowers with more flexibility. These changes include:
  • Extending the time to spend PPP funds from 8 weeks to 24 weeks. Lowering the amount that must be spent on payroll from 75% to 60%;
  • Extending the deadline to restore FTEs and payroll from June 30, 2020 to Dec. 31, 2020; and
  • Setting the repayment term for loans made after June 4, 2020 at five years.

Click HERE for some information on a series of Resiliency Webinars sponsored by Mayo Clinic Health System. Register Today!

For answers to FAQ's regarding phase 3 of Minnesota's Stay Safe Plan CLICK HERE !

More updated information in the Toolkit on Return to Work best practices, local funding options, property tax deferments by county, and more.   https://www.mnchamber.com/blog/covid-19-business-toolkit


See below for additional resources for small businesses feeling the impacts of the COVID-19 pandemic.


Minnesota Chamber made available a list of “best practices” for businesses throughout the state to safely return to work. Click HERE for more information.
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New Prague Chamber of Commerce | newprague.com | info@newprague.com