Minnesota expected to receive more than $2 billion in direct funds from Coronavirus Relief Funds
MinnPost reported today that the State will receive $2.187 billion from the $150 billion relief funds. [Read more]
FFCRA and CARES Act Resources
Associations, chambers and government agencies are working to simplify the complex CARES Act. The Federal Government is expected to weigh in in the coming days, which will be critical to helping businesses determine how to use the paycheck protection program. While some of the following come from industry-specific sources, the information is applicable across for all small businesses.
Note: Small businesses can submit their application for new loans on April 3, 2020. Don’t wait to begin completing your application.
Letter to Leadership
Several industry association letters were sent to the President, Treasury Secretary and others today to advocate for implementation of the CARES Act and for additional relief to address gaps in current legislation. They include:
If you learn of additional relief funds we can share, please send that information to info@hospitalitymn.com
Heartland Payment Systems, offers services and financing alternatives to navigate COVID-19
Hospitality Minnesota Strategic Partner, Heartland Payment Systems, offers online ordering, mobile payments, e-invoicing and access to capital to ease operations in this challenging time. Here is an overview on their services. If you are looking for alternative sources of capital, check out this information on their process and see a comparison of products. For more information, contact Tom Van Delist at 612-325-7275 or tom.vandelist@e-hps.com
Things continue to move and change fast. If there is information you’d like to see us cover, or you need answers to particular questions, please send them along to info@hospitalitymn.com
Sincerely,
Liz Rammer
President and CEO
Our Member Updates are generally sent to members only. In the interest of public health and the health of our industry, we encourage you to share this update widely. Additional resources can be found on our website and through our social media posts on Facebook and Twitter.
