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Federated Insurance Companies Announce COVID-19 Client Relief Credit

For Immediate Release from Association Partners to their Members The COVID-19 pandemic has created a multitude of challenges for all of us. Through all of these issues confronting us today, our recommended partner, Federated Insurance, has worked closely with their customers to help them find their way through these unprecedented times. Federated is a “Value-Add”…

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Resumption & Clarification of the Paycheck Protection Program

Today, April 24, the Small Business Administration (SBA), in consultation with the Department of the Treasury, provided additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established under the CARES Act. This PPP Frequently Asked Questions (FAQ) document will be updated on a regular basis. Borrowers and lenders…

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Supplemental CARES Act signed by President Trump

Supplemental funding for the CARES Act has been voted on and approved by the House and Senate and was just signed by the President. The original CARES Act was signed by the President on March 27.  The original CARES Act included $349 billion for the popular Paycheck Protection Program (PPP) and increased funding for the Economic Injury Disaster…

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Employment Questions Answered

Your Association has fielded many questions regarding a broad range of employment-related issues facing employers in the wake of the COVID-19 pandemic. Some of those questions include: An employee of ours has tested positive for COVID-19. What should we do? One of our employees has a suspected but unconfirmed case of COVID-19. What should we…

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Minnesota Small Business Loan Guarantee Program

The Minnesota Department of Employment and Economic Development (DEED) is announcing the Minnesota Small Business Loan Guarantee Program, which was approved by the Minnesota Legislature last week.  This temporary program, established in response to the impacts of COVID-19, provides another option for financing to help small businesses weather this difficult time.  DEED estimates that this…

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Walz Signs $330M Response Package

Governor Tim Walz today signed a bill to allocate $330 million in COVID-19 aid in Minnesota – bringing the state’s total response to more than $550 million to manage the COVID-19 pandemic. The bill was passed by the legislature on March 26, 2020. “The swift, bipartisan passage of this bill is One Minnesota in action.…

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“Travel/Work” Permit

Several of our Minnesota Pioneer EDA members have contacted our office and requested a “travel/work permit” that they may use to identify their employee as a critical or essential worker.  The premise is that the document would be provided to the employee and, in the event the employee is pulled over by law enforcement while…

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Minnesota “Stay At Home” Order

Minnesota Stay at Home Order Begins at 11:59 p.m. Friday through April 10 At 2:00 pm yesterday, Governor Walz issued an executive order that requires all persons currently living within the State of Minnesota to stay at home or in their place of residence except to engage in the Activities and Critical Sector work set…

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SBA Disaster Assistance in Response to COVID-19

The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). As of March 21, 2020, small businesses located in all 50 states, the District of Columbia, and the U.S. territories of American Samoa,…

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Trump Administration Moves Tax Day to July 15

The deadline for filing tax returns will be postponed three months to July 15 because of the coronavirus outbreak, Treasury Secretary Steven Mnuchin announced. The decision comes after widespread complaints over the administration’s previous plan to give people who owed the IRS an additional 90 days to pay, without penalties or interest, yet still required…

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