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SBA Hosted Webinar Regarding the Families First Coronavirus Response Act - Transcript Link Below If you missed last week's Town Hall Meeting, make sure to view the video online today. The complete list of bullet points from the meeting and link to watch can be found here. If your state or county has issued a state of emergency, you can apply for SBA disaster loan assistance at https://disasterloan.sba.gov/ela/. The states have to kick it into gear and it's done at the governor level. If your state hasn't issued this yet, reach out to your representatives to urge them to do so. Facebook will be offering $100 million in cash grants, ad credits to small businesses due to coronavirus. Click here to learn more and to sign up for updates. The SBA recently held a webinar specifically for individuals looking to learn more about what the Families First Coronavirus Response Act included. While the webinar was at full capacity, we were able to download a transcript of the entire meeting and we encourage you to scroll through this document to learn about some of the requirements. Some highlights of this meeting include: Provides a new FMLA leave entitlement to include 10 days of unpaid leave and subsequent days of paid leave. Eligibility requirements are for employees who have been employed for at least 30 calendar days. It applies to employers who have fewer than 500 employees. The Secretary is authorized to issue regulations to exclude certain healthcare providers and emergency responders and can also issue regulations exempting small businesses with fewer than the employees and the imposition of the climates would jeopardize the viability of the business is a growing concern. The job restoration requirement may be limited in the case of employers with fewer than 25 employees if certain conditions are met. The act amended FMLA to add entitlement to the FMLA 12 week entitlement. For the first 10 days for which an employee takes leave would be unpaid and the employee may elect to substitute any accrued paid vacation, personal leave, medical or sick leave. After those 10 days the employer provides paid leave for each day of not less than two thirds the employers regular rate of pay is determined under section 8 of the family standards act. Hours are based on the number of hours the employee would be scheduled to work. A varying schedule of hours calculation would apply in some cases averaging over a six-month period preceding the leave or if the employee did not work for that length of time, the expected schedule the employee was expected to work. The family and medical leave expansion act provides the FMLA regular job restoration requirement does not apply to an employer who employs fewer than 25 employees if the position held by the employee does not exist due to economic conditions or other changes in operating conditions of the employer. That may affect employment. It also requires the employer make reasonable efforts to restore the employee to a position equivalent to the position the employee held when the leave commenced including equivalent employment benefits pay and other terms and conditions of employment. The employer must make reasonable efforts to contact the employee if an equivalent position becomes available for the one year period beginning the earlier date of which the qualifying needs includes or the dates of the 12 weeks after the date when the leave commenced. Scroll through this document to learn about some of the requirements.
SBA Hosted Webinar Regarding the Families First Coronavirus Response Act - Transcript Link Below
If you missed last week's Town Hall Meeting, make sure to view the video online today. The complete list of bullet points from the meeting and link to watch can be found here.
If your state or county has issued a state of emergency, you can apply for SBA disaster loan assistance at https://disasterloan.sba.gov/ela/. The states have to kick it into gear and it's done at the governor level. If your state hasn't issued this yet, reach out to your representatives to urge them to do so.
Facebook will be offering $100 million in cash grants, ad credits to small businesses due to coronavirus. Click here to learn more and to sign up for updates.
The SBA recently held a webinar specifically for individuals looking to learn more about what the Families First Coronavirus Response Act included. While the webinar was at full capacity, we were able to download a transcript of the entire meeting and we encourage you to scroll through this document to learn about some of the requirements.
Some highlights of this meeting include:
Scroll through this document to learn about some of the requirements.