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COVID-19

PPP Deadline Extended to August

President Trump signed legislation on July 4 extending the deadline for small businesses to apply for Payment Protection Program loans to Aug. 8, reports The Hill.

FGIA Virtual Conference Highlights Leadership, Manufacturing and Management during COVID-19

The Fenestration & Glazing Industry Alliance hosted its Virtual Summer Conference June 23-25. A major focus of the content was challenges facing companies in the COVID-19 world. The event featured a panel about manufacturing during coronavirus, a session about financial relief programs and a…

Industry Groups Applaud Decision to Reject OSHA Temporary Standard Around COVID-19

Associated Builders and Contractors Vice President of Health, Safety, Environment and Workforce Development Greg Sizemore and National Association of Home Builders CEO Jerry Howard issued the following joint statement on the D.C. Circuit Court's decision to reject a lawsuit brought by the AFL-CIO…

Marvin Pivots to Address Needs During COVID-19

Marvin is making a specialized ventilator box for use in ICUs and surgery, reports the Star Tribune. It worked with the University of Minnesota to develop it and Polaris, which has a nearby plant, is also helping with bending the polycarbonate plastic.

North Star Windows Manufactures PPE for Frontline Workers

North Star Windows & Doors shifted production processes so that it can manufacture up to 3,000 face shields per week.

Industry Leaders Share How to Navigate, Prosper During the Pandemic

The covidsummit.buildingip.com site and accompanying downloadable PDF contains more than 10 hours of online discussions that took place April 22-24 during the Building Industry Leaders COVID-19 Crisis Summit.

PPP Loans Eligible for Payroll Tax Deferral

President Trump signed into law H.R. 7010, the “Paycheck Protection Program Flexibility Act of 2020,” on June 5, which modifies certain provisions related to forgiveness of loans under the Paycheck Protection Program and allows loan forgiveness recipients to defer their payroll taxes.

Coronavirus Likely to Add Momentum to Increased Home Building in Smaller Markets

The COVID-19 pandemic is likely to hasten a housing trend already taking place across the nation--residential construction activity that is expanding at a more rapid rate in lower density markets such as smaller cities and rural areas.

Federal Reserve Releases Additional Information on Main Street Lending Program

The Federal Reserve Bank of Boston recently released additional information for potential lenders and borrowers in the Main Street Lending Program, including a form loan participation agreement, lender certifications and covenants, borrower certifications and covenants, updated Frequently Asked…

House of Representatives Passes Two Bills to Improve PPP

The House of Representatives passed H.R. 7010, the Paycheck Protection Program Flexibility Act, on May 28. The legislation is written to improve the Paycheck Protection Program (PPP) by providing small businesses with greater flexibility when utilizing PPP loans.