GNO Inc Update - June 02, 2020

For our Regional Stakeholders:

June 2, 2020 Update

News

• Over $7B of Paycheck Protection Loans in LA + Updates – The Small Business Administration has posted its latest report on Paycheck Protection Program (PPP) loan approvals through May 30. More than $510 billion in loans have been approved nationwide, including 67,000 loans totaling more than $7.2 billion in Louisiana. To view the report, click here. In other PPP developments, the Senate continues to discuss potential revisions to the program which were approved by the House last week, including extending the “forgivable” timeline for the loan, and reducing the 75% payroll requirement. You can read more here.
• Special Session Begins – The Special Session of the Louisiana Legislature is underway. Among the thirty+ bills that have been filed are several instruments addressing tax measures aimed at incentivizing investment in the post-corona environment. Proposed bills are posted on the Legislature’s website legis.la.gov.
• Phase 2 for Reopening the Economy – Yesterday, Governor John Bel Edwards announced that Louisiana will move to Phase 2 for reopening the economy beginning June 5. Under Phase 2, all business that were previously allowed open will be able to increase capacity from 25% to 50%, while still maintaining 6 feet of distance amongst patrons. Further, bars and breweries without LDH food permits will be allowed to open at 25% occupancy seated, in addition to event centers, public pools, tattoos parlors, and spas being allowed to open with social distancing restrictions. You can learn more about Phase 2 plans here.Specific guidance will be provided by the Fire Marshal’s Office via opensafely.la.gov.

Information & Resources

• Coronavirus Supplies – If you are looking for PPE, sanitizer, food providers, and other related products and services, search the GNOpivot Marketplace.
• Coronavirus Customers – If you have pivoted your business to make a new, coronavirus-related product, register on GNOpivot.
• Work – If you want a job in a sector that is surging right now, new openings are on WorkNOLA.com.
• Employees –A database of local talent looking for new job opportunities, including quick employment history and skills summary, is on the WorkNOLA Workforce Directory. GNOmatch provides custom connections between companies with lay-offs, and those hiring for transferable skills.
• General Information – A range of guides and materials are catalogued on the GNO, Inc. Coronavirus Business Resource Page.

Please feel free to contact me mhecht@gnoinc.org or VP Policy Ileana Ledet at iledet@gnoinc.org with any questions or suggestions.

Take care,

Michael