The Main Street Lending Program (MSLP) is a new lending program being offered by the Federal Reserve (The Fed) to provide relief for businesses during the COVID-19 pandemic and accompanying economic downturn. Unlike the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) funds, these programs are not administered by the Small Business Administration… Read More »
Author: Greater Winston-Salem, Inc.
Main Street Lending Program
Social Distancing Actions for Retailers and Unemployment Guidance for Employers
Governor Roy Cooper took additional actions to the address the spread of COVID-19 in North Carolina by issuing stronger social distancing requirements and speeding up the process to get benefits to people out of work. The key provisions of the order are requirements that retail stores still in operation have to implement new social distancing… Read More »
Wellness for Yourself and Your Business During Covid 19
When you flip on the news, read through your social media, and even if you speak to your neighbors, it’s likely that they are all concerned about staying safe. They are anxious. Of course, you have to follow the official guidelines from the local health agencies to stay safe. But through all of these regulations… Read More »
The CARES Act: Payroll Protection Program VS. Economic Injury Disaster Relief
This morning we hosted a conference call about the CARES Act legislation and what options are available for small businesses affected by COVID 19. You can listen to the call here: CARES Act Q&A The opinions expressed in this recording are for general information purposes and are not intended to be, and should not be… Read More »
Greater Winston-Salem, Inc. to Launch Digitally on April 2
The consolidation of the Winston Salem Chamber and Winston-Salem Business, Inc. into Greater Winston-Salem, Inc. was planned late last year to occur on March 31st. Because the State of the Economy luncheon planned for April 2 is postponed, Greater Winston-Salem, Inc. will launch digitally on that day. You will notice the transition as the website winstonsalem.com and other digital platforms like social media begin to carry… Read More »
Payroll Tax Credits for Employers and the Self-Employed
As we continue to monitor COVID-19 and the impacts it has on all of us, we are aggregating frequently asked questions and consulting industry experts to find the answers you need. Tomorrow, we’ll host a conference call on the CARES Act with industry experts from Kilpatrick, Townsend, and Stockton, LLP. Cares Act Q&A Today we… Read More »