This article was originally published on April 9, 2020. Last updated on April 22, 2020. April 22, 2020 Update: Less than a week after the Paycheck Protection Program ran out of funds, Congress has approved an additional $320 billion that could be available as early as next week. The Senate passed the bill on Tuesday and the House is expected to vote on the bill on Thursday. This is great news for small businesses that applied and didn't receive funds and for independent contractors and self-employed individuals who weren't even allowed to apply for the loans until April 10. The new funding also allocates $60 billion to the Economic Injury Disaster Loan program which is intended to be used for working capital. April 17, 2020 Update: The Paycheck Protection Program, which was part of the CARES Act, has run out of the $349 billion available for small businesses to be able to keep their workers employed for eight weeks during the pandemic. Companies that qualified were able to start applying on April 3, 2020 and it was expected to run through June 30, 2020. The Small Business Administration said that they are no longer accepting applications while the Treasury Department and Congress work to approve more funding. The CARES (Coronavirus Aid, Relief, and Economic Security) Act includes many potential relief opportunities for the nation’s construction industry, which has been hit hard with disrupted supply demand, delayed projects, closed sites, and labor shortages. The Paycheck Protection Program (PPP), a provision in the CARES Act, will help construction companies keep their workforce employed during the coronavirus crisis.
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We got rid of fax machines. Now it's time to ditch pencils, rulers, and white boards. See how at Booth #1471 Show dates: February 4-7 Hours: 9:30 am - 5:00 pm Booth location: #N1471 in the North Hall World of Concrete can be a very overwhelming experience with so many technologies and products on display. We want to help you make the best use of your time and help you in planning your day by presetting appointments in our booth to talk with our preconstruction experts. To show our appreciation, we're giving away some pretty sweet swag: Yeti Ramblers. Please take a couple of minutes and fill out the appointment form. Let us know what day you will be at the show, what solutions you would like to discuss and roughly what time you will be visiting the booth so that we can be prepared for your visit.
There are plenty of reasons to go into construction.