President Biden signed the Paycheck Protection Program (PPP) Extension Act into law extending the PPP deadline from March 31 to May 31, 2021. Read the full statement from SBA Administrator Isabella Casillas Guzman about how this is "providing additional critical relief to the smallest of the small businesses."
As the SBA builds and prepares to open the program, the dedicated webpage, www.sba.gov/svogrant, which includes frequently asked questions, video tutorials and other SVOG details, is the best source for information. Right now potential applicants can work to get registered in the federal government’s System for Award Management (SAM.gov), as this will be required for an entity to receive an SVOG, and reference the preliminary application checklist and eligibility requirements in preparation for the application opening.
Overall, the American Rescue Plan Act provided $28.6 billion for a new Restaurant Revitalization Fund for grants to eligible entities in this hard-hit industry, with a maximum $5 million grant per location and aggregate maximum $10 million grant. The SBA has immediately begun work on this new program and will launch it as quickly possible to deliver the intended economic assistance.
Per the ARPA, the Restaurant Revitalization Grants will provide economic relief to:
Idaho Department of Commerce is hosting a free virtual event on April 20th: Are you experiencing a skills gap in your workforce? Maybe you have an existing employee you would love to promote, but they don’t have the skillset? Or do you know there are individuals in your community you could hire if only they had the necessary training? At this meeting you will learn how Idaho Launch can help answer and address those issues. Through Idaho Launch, Idahoans who intend to work in Idaho can qualify for between 75-100% of approved covered training tuition costs. Learn about Idaho Launch, and how to connect to this new resource. www.idaholaunch.com. April 20, 2021 at 10am -11am MDT. Register here.