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.
The Economic Outlook with FMI’s Jay Bowman
Member Firm Spotlight: Olsson
The New Playbook with the Army Corps of Engineers
Member Firm Spotlight: Pennoni
The Moving Forward Initiative at Stolfus & Associates, Inc.
Private Market Update: A Closer Look at the Ports and Intermodal Markets
Update from the ACEC Retirement Trust
Previewing ACEC’s New Course on Diversity, Equity, Inclusion and Belonging
Reviewing the Q1 2023 Engineering Business Sentiment Study
Looming Federal Ban on Non-Compete Agreements – What You Need to Know
Discussing the EJCDC CMAR Document Series
A Closer Look at the Intermodal and Logistics Market
The Road Ahead: A Preview of Congress and the Race to 2024
ACEC, APWA, and ASCE Discuss the Engineering and Public Works Roadshow
Catching up with the ACEC Retirement Trust
Introduction to the ACEC Legal Council Forum
A Conversation with Gary Raba - Chair-elect for 2024-2025
A Conversation with Incoming Vice Chair Derek Clyburn of North Carolina
An interview with incoming ACEC vice chair, Dan Meckes of Missouri
An interview with incoming ACEC vice chair Elizabeth Stolfus
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