{"id":460,"date":"2021-02-02T11:17:00","date_gmt":"2021-02-02T21:17:00","guid":{"rendered":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/?p=460"},"modified":"2022-06-05T11:17:58","modified_gmt":"2022-06-05T21:17:58","slug":"covid-relief-law-offers-assistance-for-hawaii-businesses","status":"publish","type":"post","link":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/news-and-information\/covid-relief-law-offers-assistance-for-hawaii-businesses\/","title":{"rendered":"COVID Relief Law Offers Assistance for Hawaii Businesses"},"content":{"rendered":"\n<p>The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (\u201cCOVID Relief Law\u201d), signed into law on December 27, 2020, includes at least $1.7 billion in new federal funding for Hawaii including the following assistance for businesses:<\/p>\n\n\n\n<ul><li>Small Business Administration (SBA)&nbsp;<a href=\"https:\/\/www.sba.gov\/funding-programs\/loans\/coronavirus-relief-options\/paycheck-protection-program\" target=\"_blank\" rel=\"noreferrer noopener\">Paycheck Protection Program<\/a>&nbsp;(PPP) reopened January 11, 2021 through March 31, 2021*<\/li><li><a href=\"https:\/\/www.sba.gov\/document\/sba-form-3508-paycheck-protection-program-loan-forgiveness-application\" target=\"_blank\" rel=\"noreferrer noopener\">PPP Loan Forgiveness<\/a>&nbsp;includes new categories of qualifying expenses, simplified forgiveness process, and updated covered period for loan forgiveness<\/li><li><a href=\"https:\/\/www.sba.gov\/funding-programs\/loans\/coronavirus-relief-options\/paycheck-protection-program\/first-draw-ppp-loans\" target=\"_blank\" rel=\"noreferrer noopener\">First Draw PPP Loans<\/a>&nbsp;with extended eligibility for nonprofits, news organizations and housing cooperatives<\/li><li><a href=\"https:\/\/www.sba.gov\/funding-programs\/loans\/coronavirus-relief-options\/paycheck-protection-program\/second-draw-ppp-loans\" target=\"_blank\" rel=\"noreferrer noopener\">Second Draw PPP Loans<\/a><\/li><li><a href=\"https:\/\/www.schatz.senate.gov\/coronavirus\/small-businesses\/sba-economic-injury-disaster-loan-and-emergency-grant\" target=\"_blank\" rel=\"noreferrer noopener\">COVID-19 Economic Injury Disaster Loan (EIDL) Emergency Advance Grants<\/a>&nbsp;open to eligible applicants located in low-income communities<\/li><li><a href=\"https:\/\/www.schatz.senate.gov\/coronavirus\/employee-retention-tax-credit\" target=\"_blank\" rel=\"noreferrer noopener\">COVID-19 Employer Tax Credits<\/a>&nbsp;The Employee Retention Tax Credit has been&nbsp;extended through June 30, 2021<\/li><li>Payroll Tax Deferral extended through December 31, 2021 (see&nbsp;<a href=\"https:\/\/www.irs.gov\/newsroom\/deferral-of-employment-tax-deposits-and-payments-through-december-31-2020\" target=\"_blank\" rel=\"noreferrer noopener\">IRS FAQs<\/a>)<\/li><li><a href=\"https:\/\/www.schatz.senate.gov\/coronavirus\/paid-leave-employers\" target=\"_blank\" rel=\"noreferrer noopener\">Advance Tax Credit for Paid Leave<\/a>&nbsp;available to employers, who have the option to extend emergency paid sick leave and emergency family and medical leave through March 31, 2021.<\/li><li><a href=\"https:\/\/www.schatz.senate.gov\/coronavirus\/federal-workers\" target=\"_blank\" rel=\"noreferrer noopener\">Federal Contractors<\/a>&nbsp;may be eligible for reimbursement for paid leave<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (\u201cCOVID Relief Law\u201d), signed into law on December 27, 2020, includes at least $1.7 billion in new federal funding for Hawaii including the following assistance for businesses: Small Business Administration (SBA)&nbsp;Paycheck Protection Program&nbsp;(PPP) reopened January 11, 2021 through March 31, 2021* PPP Loan Forgiveness&nbsp;includes new [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/posts\/460"}],"collection":[{"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/comments?post=460"}],"version-history":[{"count":1,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/posts\/460\/revisions"}],"predecessor-version":[{"id":461,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/posts\/460\/revisions\/461"}],"wp:attachment":[{"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/media?parent=460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/categories?post=460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.skyloft.dev\/hosted-clients\/esandalaw\/wp-json\/wp\/v2\/tags?post=460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}