DOWNTOWN DEVELOPMENT DISTRICT
 
A Passion for Progress
 
tw   fb
 
 
NEXT DDD MEETING
A MESSAGE FROM THE DDD
PAYCHECK PROTECTION PROGRAM
COVID-19 RECOVERY ASSISTANCE

A network of community banks and financial institutions is gearing up to implement one of the most ambitious economic relief programs in U.S. history as small businesses across the country weather the coronavirus and its economic fallout.


The $2 trillion coronavirus relief package signed last week, officially known as the CARES Act, includes nearly $350 billion for a federal small business loan program called the Paycheck Protection Program. The program is designed to get cash in the hands of suffering small businesses quickly, with less red tape and fewer guardrails than the SBA's existing loan programs. Business groups say lenders are moving as fast as they can to make the loans available. An overview of the Paycheck Protection Program can be found here. An information sheet for borrowers can be found here.


Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10,2020, independent contractors and self-employed individuals can apply. We encourage you to apply as quickly as you can because there is a funding cap. The application for the Payroll Protection Program can be found here.


Visit the main Treasury Department webpage for Small Business Assistance here.

Business Report Intelligence Webcast - CARE Act
We also encourage you to sign up for a webinar on tomorrow, April 2, 8:30 a.m. explaining the federal coronavirus aid package and what it means for your business, with panelists U.S. Rep. Garret Graves and LABI President Stephen Waguespack. Sign up here.

We continuously update our COVID-19 Resources page on our DDD website, please be sure to keep checking in by clicking the button below.

DDD COVID-19 RESOURCES
CITY-PARISH WEBSITE
BRAC COVID-19 RESOURCES
LABI COVID-19 RESOURCES



 
247 Florida St. | Baton Rouge, LA 70801 | (225) 389-5520 Office (225) 389-5523 Fax | 8:00 a.m. - 5 p.m. M-F

PROFILE OPTIONS: Subscribe | Unsubscribe | Archives
If you are having trouble viewing this message, please click here