Engineering Influence from ACEC
News:Business News
ACEC's SVP for Advocacy, Steve Hall, and Katharine Mottley, VP for Tax and Regulatory Affairs, joined Engineering Influence to discuss the new guidance for small businesses stemming from the enactment of the CARES Act.
Resources discussed on the show:
The new law establishes a Paycheck Protection Program to assist qualifying small businesses, nonprofits, and individuals through the Small Business Administration’s 7(a) loan program. $349 billion is authorized for 7(a) lending from Feb. 15 through June 30, and SBA would fully guarantee the loans. Loans would be available during the covered period for:
Eligible recipients could receive loans up to $10 million or 250% of their average monthly payroll costs, instead of $5 million, with interest rates capped during the covered period at 4%. Loans can be used to cover eligible payroll costs -- salaries, commissions, regular paid leave, and health-care benefits -- as well as mortgage interest and utility payments. Firms would be required to make a “good faith certification” that funds will be used to retain workers, maintain payroll, and pay for rent and similar expenses. Funds cannot be used to compensate individual employees at an annual rate above $100,000, or to pay for emergency sick or family leave under the second coronavirus response package.
A Looming Crisis as Cities Sink and Seas Rise
Previewing the Upcoming Business Development and Marketing Forum
Optimistic Economic Outlook and Challenges for Q1 2024
Introducing Adam Jones, Incoming NAECE President
Introducing the Market Briefings Intel for Engineers
Catching up with our Board Chair, Jay Wolverton
Introducing 2024-2025 Chair-Elect John Rathke
A Conversation with Rodney Chester - Chair of ACEC's new Workforce Committee
Introducing 2024-2026 Vice-Chair James Hoffman
An Introduction to Gary Raba, ACEC Chair-Elect
An Introduction to 2024-2026 ACECVice-Chair, Sean McCone
Introducing 2024-2026 ExCom Vice-Chair Peter Moore
Introducing 2024-2026 Vice Chair, Erica Jensen
ACEC Market Insights: What’s Driving the Industry
Reduced-Carbon Concrete Solutions and Opportunities in Paving and Construction
The Ethical Engineer with Tim Groover
Key Findings from the First-Ever Diversity Roadmap
Government Affairs Update for January 2024
Winds of Change - How Climate Change is Impacting the Legal Standard of Care
Diversity Roadmap Helps Unlock the Power of Inclusion
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