NIA Informs
COVID-19 and related information for the insulation industry. Click here to read the latest online.
June 9, 2020
In this Issue:
Free NIA Webinar
Thurs, June 16
NIA Active Member Companies: Business Meeting Special Notice for June 18
Paycheck Protection Program Flexibility Act Becomes Law
Recovering Pandemic Job Losses
More News:

Free Safety Call with NIA Legal Counsel

Where to Find the Latest Information: www.insulation.org/
Free NIA Webinar: Economist's Outlook during COVID-19
Tuesday, June 16, 1-2 p.m.

The COVID-19 environment continues to influence the outlook on the economy and is having significant impacts on trade, the deficit, and labor markets. Dr. Patricia Buckley will provide an update on the current economic outlook, discuss how the construction markets will be affected, and preview how COVID-19 will change future work environments.

Webinar Presenter: Dr. Patricia Buckley, Managing Director of Economics, Deloitte
 
Attention: NIA Active Member Companies

Business Meeting Special Notice for June 18
NIA's notice of the virtual Special NIA Active Member Meeting on June 18 was emailed to NIA's primary representatives for Active members on Friday, June 5. ( Per NIA’s Bylaws, Active members are defined as Contractors, Distributors, Fabricators, and Laminators.)

Newly elected NIA President John Lamberton, Irex Contracting Group, is calling a Special Meeting of the Active Membership to review business items of the association, including:

1.   Announcement of the 2020-2021 Executive Committee
2.   Election of Board of Directors Nominees
3.   Approval of the 6-month 2020 budget for July 1-December 31, 2020

For primary representatives who are unable to join the virtual Special Meeting on June 18 at 2 p.m. EDT, they will be able to vote on these items electronically, but votes must be cast by 12 p.m. EDT on June 18, 2020.

For questions, contact NIA's Membership Department at membership@insulation.org.
Paycheck Protection Program Flexibility Act Becomes Law
The Paycheck Protection Program Flexibility Act was signed into law last Friday, and several Senators are already planning to address what they say are drafting errors that could create unintended consequences. Senator Marco Rubio argues that the bill's language makes the 60% requirement a "cliff" in which businesses would lose partial loan forgiveness if they spent a substantial amount on payroll but fell short of the threshold. The Small Business Administration and Treasury Department have not said publicly how they will interpret the language. Senator Rubio said the administration made a commitment to addressing the bill's "inadvertent technical errors" but he added that Congress would need to pass a fix if the agencies do not get it done.

Recovering Pandemic Job Losses

Executive Order Addresses Jobs Recovery
Last week, President Trump signed an executive order that directed the departments of Interior, Agriculture, Defense, and Army Corps of Engineers to expedite permitting processes for major infrastructure projects. The White House hopes that the executive order will help the nation recover job losses from the pandemic. Click here to read the executive order.

May Jobs Report
Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3%, the U.S. Bureau of Labor Statistics reported. These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the COVID-19 pandemic and efforts to contain it. In May, employment rose sharply in leisure and hospitality, construction, education and health services, and retail trade. Click here to read the report.
Resource: One Free Call with Legal Counsel
For NIA Member Companies on Any Safety Topic
Now through August 31
In the spirit of aiding all of our members during this critical time, NIA Legal Counsel Gary Auman, of Auman, Mahan & Furry, has offered to respond to 1 safety matter question, per NIA member, via telephone call or email. Thank you, Gary, for your generosity and your safety expertise.

Contact Auman, Mahan & Furry at 937-223-6003.
NIA Informs Archive
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National Insulation Association