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Federal Assistance for COVID-19 Impacts

Updated Monday, January 11, 10:15 a.m.

The Springfield Area Chamber of Commerce is committed to providing a safe working environment for employees and members, and to minimizing the potential economic and business impact of COVID-19 (the “Novel Coronavirus”) for our Chamber members.

To that end, we want to hear about how your organization is being affected by this situation, so that we can connect you with resources that can offer you assistance and share your concerns with legislators who might be able to help.

COVID-19 Federal Relief Update

Updated Monday, January 11, 9:15 a.m.

As of Monday, January 11, 2021, the Small Business Administration (SBA) has reopened the Paycheck Protection Program (PPP) loan application portal for First Draw PPP loans. Applications for the Second Draw Program will open on Wednesday, January 13, 2021.

On Sunday, December 27, President Trump signed into law a combined $2.3 trillion in COVID-19 assistance and Fiscal Year 2021 spending. This legislation addresses several key areas, with updates to each individual program outlined below.

Tax Information for Businesses

The IRS has compiled information about Coronavirus Tax Relief for Businesses and Tax-Exempt Entities on its website. This includes information about filing extensions, potential tax credits, paid leave for affected employees and more.

Information on Federal Assistance Programs
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