Authored by Wendy Moore
We appreciate that employers are thinking strategically about preserving their workforces while extending their runways to weather the current turbulent environment caused by COVID-19. Employers are exploring a variety of workforce actions in a rapidly evolving regulatory environment. The timing and magnitude of these actions can affect access to federal funds offered under recent legislation involving new loan programs and tax credits. The charts provided in this blog provide a comprehensive yet user friendly menu of programs, detailing eligibility conditions, the interconnection of these alternatives, and traps for the unwary. The charts also provide links to the relevant statutes, governmental publications, and other resources available as of the date of this blog where employers can find more detailed information to determine which programs are right for them.