Topics

Financial hardship

These entrepreneurs are just about out of their paycheck protection funding. Here’s what’s next

These entrepreneurs are just about out of their paycheck protection funding. Here’s what’s next

By: Darla Mercado
Source: CNBC
Date of Publication: June 14th, 2020
The Paycheck Protection Program offered forgivable loans to entrepreneurs whose businesses were affected by Covid-19. Originally it was intended to cover up to eight weeks of payroll costs, rental expenses, utilities and more.
Businesses that received money in April are coming up on the end of their eight-week period. For restaurants and other businesses, it means they’re out of aid before they’re up and running.
Senate Democrats have proposed a new lifeline to allow the hardest-hit firms to apply for a second injection of PPP funding.
AEP’s Response to COVID-19 (Coronavirus)

AEP's Response to COVID-19

By: AEP
Source: AEP
American Electric Power understands the critical need for reliable electric service and is committed to the health and safety of our customers, communities and employees. We’ve updated our emergency response plans for the COVID-19 pandemic and don’t anticipate COVID-19 will disrupt our ability to provide electric service for our customers.
Red Tab Foundation Open Sources Its ‘Playbook’

Red Tab Foundation Open Sources Its ‘Playbook’

By: Ella Clausen
Source: Levi Strauss & Co.
Date of Publication: April 15th, 2020
Almost 40 years ago, Levi Strauss & Co. stock boy-turned-executive Jerry O’Shea drove the effort to create the Red Tab Foundation (RTF) in order to ensure that no LS&Co. employee or retiree would go without a financial safety net in times of need. Supported by employees, company leaders and even the descendants of Levi Strauss himself, RTF has disbursed more than $35 million in hardship grants since its inception and has been widely recognized as a standard bearer for employee hardship funds.