ECONOMIC AID ACT OF 2021

January 4, 2023

PPP, EIDL, and more...

ECONOMIC AID ACT OF 2021 (PPP, EIDL, and more)

On December 27, 2020 the $900 billion COVID-19 relief bill was signed into law.

In it, Congress appropriates funds to help small businesses, nonprofits, and venues that continue to be hit hard by the impact of COVID-19 through The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the "Act"). The Act provides assistance to small businesses mainly by revamping the familiar Paycheck Protection Program ("PPP"). The changes to PPP are many.

This presentation will go over many of the highlights that you should know!

Covered Topics:

PPP2: Who qualifies for the second phase of the Paycheck Protection Program (PPP) and how to apply for it
EIDL: Grant, Extended Program and Issues
Shuttered Venue Grant Program
Employee Retention Tax Credit
Q/A

This program is not to be missed by any small business owner!

Reviews:

"Best explanation of details, incredible knowledgeable and articulate presenters. Extremely well done. Liked back and forth dialog of asking and answering questions."

"Everything was so clear."

"To the point - clear and concise."

"Very informative."

"Very clear and intuitive - good response to questions."

"Everything was great."

"Good job, good people, a variety of folks to help keep perspective on all the issues."

"I’d like to thank the presenters for taking the time to share this essential information and educating us so we’re better prepared when dealing with the process. Thank you!"

View and download the presentation PDF here.

Presenters:

Barry Portugal, SCORE Manasota

Barry retired after 36 years as president of a health care industry management consulting firm. His has worked with hospitals, healthcare systems, and large physician groups to develop operational, strategic and financial aspects of their organizations. Barry’s expertise is helping clients develop and implement strategic business plans and marketing plans; as well as identifying opportunities for performance improvement in existing businesses. He has extensive experience in getting to the heart of complex operational, organizational, and financial issues necessary to grow his client’s businesses. He has undergraduate and graduate degrees in business administration from the University of Illinois and the University of Pennsylvania.

Eric Saltzman, SCORE Santa Barbara

CFO and/or COO for technology companies ranging from a four person start up through a $3 billion dollar market cap public companies. Being part of the founding and management teams for early stage companies provided me the opportunity to wear many hats and take on a broad range of roles. My responsibilities and experiences include development of business plans (market sizing and assessment, target customers, sales model, hiring plans, etc.) and operating models; fundraising via seed/angel investors, venture capital, debt and public offerings; development of key partnerships and strategic relationships, including extensive experience developing and implementing sales channels; and, management of HR, IT, and facilities. While my core industry expertise is technology, with a emphasis on software, many of my experiences and skills are broadly applicable.

Greg Loosvelt, SCORE Santa Barbara

Greg, a business advisor who manages a community of start up growth leaders, is passionate about economic equality. A graduate of Yale University, he was one of the founders of Mitchel Madison Management Consultants and founder of Sagres Partners, a long short hedge fund.

During his career, he has invested in companies of all sizes and started and sold companies. Greg has focused on increasing access to products and services that unlock human potential, from software to sustainability. Greg has spent most of his career as a financial analyst and CEO, with responsibilities ranging from strategist, portfolio manager, scaling operations and product manager rolling out global products. After a successful 22-year career managing a private equity fund and selling a 1,200 person consulting firm, Greg worked with a non-profit to address environmental issues with sustainable technologies. He loves that what he has done combines teaching, conservation, science, economics, and finance.

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