Small Business Administration and Treasury Deparment Announce Simplified Process for Forgiving Smaller PPP loans
16 Oct 2020
Businesses that received small loans under the federal Paycheck Protection Program will have an easier time having those loans forgiven under new rules that were announced.
The U.S. Small Business Administration, in consultation with the Treasury Department, unveiled a simpler application for businesses seeking not to have to repay PPP loans of $50,000 or less.
U.S. businesses received 5.2 million PPP loans worth a combined $525 billion. The loans supported 51 million jobs, Treasury Secretary Steven Mnuchin said in a press release announcing the new loan forgiveness application.
Delaware Launches Job Retraining ProgramOct 9 2020
WILMINGTON – In hopes to better prepare Delaware’s workforce for the post-pandemic job market, the state has launched a rapid training program geared to get people ready for a new career path or to sharpen their skills. Forward Delaware brings together state, education and business leaders to develop a...
Did you see that Forbes recently named Wilmington among the top cities for New Yorkers to getaway alongside DC and Philadelphia? Check out the great things that Katie Chang has to say about visiting Wilmington! What to do: Though many associate this Delaware town with politics – Democratic presidential nominee Joe Biden resides...
Fitch Ratings, a global leader in credit rating and research, has reaffirmed Wilmington’s AA- bond rating and has also posted a stable bond rating outlook for the City. The favorable bond rating review affirms the city’s efforts to regulate revenue and expenditures to ensure that Wilmington can manage both anticipated...