What U.S. Retailers Need to Know About COVID-19 Aid

Today’s NACS webinar focuses on stores with 500+ associates; tomorrow’s is for smaller companies.

April 01, 2020

WASHINGTON—In the past two weeks Congress has passed two major legislative packages meant to help support American workers and stimulate the economy during these uncertain times. Both the “Families First Coronavirus Response Act” (FFCRA) and the “Coronavirus Aid, Relief and Economic Certainty Act” (CARES Act) come with access to federal support for businesses. To help retailers understand what support is available and how to access it, NACS will be hosting two webinars this week.

The first one is today, Wednesday, April 1, at 2 p.m. ET. NACS will host a session titled “Applying for an Economic Stabilization Loan” targeted at businesses with 500 or more employees. Sign up for today’s session here.

This session will feature Matthew Kulkin, an attorney with Steptoe & Johnson LLC in Washington, D.C. Kulkin will walk listeners through the Economic Stabilization Loans and new liquidity facilities opened by the Federal Reserve. The CARES Act also includes a program especially for businesses with between 500 and 10,000 employees.

On Thursday, April 2 at 12:30 p.m. ET. NACS will host a session titled “Accessing Paycheck Protection Loans and Available Small Business Tax Credits.” These programs are only available to businesses with fewer than 500 employees. Sign up for Thursday’s session here.

The session will feature attorneys Kate Jensen and George Callas, also with Steptoe & Johnson, who will walk listeners through the loans made available under the CARES Act and the tax credits created under FFCRA.

Please join NACS for these webinars today and tomorrow.

Coronavirus Resources

NACS has compiled resources to help the convenience retail community navigate the COVID-19 crisis. For news updates and guidance, visit our coronavirus resources page.