The Payroll Protection Program (PPP) was initially signed into law on March 27 as part of the CARES Act. Funding from the SBA was first made to companies of 500 employees or less as of April 3, although many banks didn’t start accepting applications until days later. Additionally, the language in the legislation left many more questions than answers and has made it very challenging for companies to decide how to make best use of the funds obtained. And, most importantly, event industry contractors and all other companies receiving PPP funds have been challenged to manager their use of the funds to maximize the ability to have the loans forgiven.
On Friday, June 5 the Payroll Protection Program Flexibility Act was signed into law to make adjustments to the original legislation. But like in the case of the original law, this federal legislation also creates confusion and questions.
This program will review the new legislation with Employco USA, the trade show industry payroll services company, to provide insights on how EACs and other event contractors can optimize their use of PPP funds.
Hosted by Jim Wurm, Executive Director
Panel:
- Rob Wilson, Executive VP, Employco USA
- Jason Eisenhut, VP Human Resources, Employco USA
- Rich Ennis, President/CEO, Nth Degree
- Steve Johnson, President, Renaissance Management
- David Holloway, COO, Eagle Management
