VIDEO: Legal Insight into Reopening the Economy and Latest COVID-19 Stimulus Loans
Check out RC's latest legal update where Cotney Construction Law's Trent Cotney discusses the gradual reopening of the economy in certain states, and the latest round of funding for the Paycheck Protection Program loans.
The legislation signed last week that adds another $321 billion to the Paycheck Protection Program could spell relief for businesses like roofing contractors as they attempt to operate under shelter-in-place orders. The latest survey data shows that 26% of respondents have laid off employees, and roughly 20% are either reducing hours or splitting shifts to reduce headcount on jobsites. Nearly 21% indicated they are temporarily closed.
Stay informed on the latest COVID-19 news with RC's coronavirus page.