by Devin Steel
What does the $2.2 trillion stimulus package aimed at mitigating the economic impact of the COVID-19 pandemic mean to your company?
That topic was addressed during an hour-long webinar hosted by the American Apparel & Footwear Association (AAFA) Tuesday. Four speakers from Philadelphia-based law firm Cozen O’Connor hit the highlights of the CARES (Coronavirus Aid, Relief, and Economic Security) Act, signed into law by President Trump last week. Steve Lamar, president and CEO of the AAFA, moderated.
The legislation was put forth to address major disruptions brought on by the shutdown of many American businesses by providing economic support to the business sector, employees, individuals and families, as well specific industries that have been impacted. Highlights of the Act include immediate tax rebates of up to $1,200 per taxpayer; forgivable, subsidized loans to small businesses; direct loans to the hardest hit industries; the relaxation of income tax rules and deadlines; ongoing financial aid to students, schools and colleges; and direct stabilization of money market mutual funds. READ FULL ARTICLE HERE
Additional information from Webinar (including Slides and Audio recording): https://www.aafaglobal.org/AAFA/Solutions/Learning_Center/AAFA/Solutions_Pages/Learning_Center.aspx?