On Friday at 5:00PM, North Carolina will transition into Phase 2 Governor Cooper’s three-phased plan to incrementally reopen the state’s economy. Key Takeaways of Executive Order 141: The statewide stay-at-home order is lifted. However, vulnerable individuals should still stay home when possible. Masks or other face coverings are recommended for use in all public settings.… Read More »
Author: Greater Winston-Salem, Inc.
Phase 2 of Reopening Plan Begins Friday
PPP Loan Forgiveness Application
The Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).… Read More »
Tax Answers for Stimulus Checks and Unemployment Insurance
Stimulus Checks: Over 130 million Americans have received stimulus checks from the federal government as part of a provision of the CARES Act. This money is tax-free and will not affect any refunds you might be owed. Additionally, you will not have to return any funds if you received a payment but wind up earning… Read More »
SBA Issues New Regulations for Women-Owned Small Business Federal Contracting Program
The SBA published Women-Owned Small Business Federal Contracting program provisions that will provide a free, online certification and eligibility application process for women-owned small businesses and economically-disadvantaged women-owned small businesses. The timeline for implementation of changes to SBA’s WOSB program has been delayed to accommodate those affected by the current pandemic. Starting July 15, 2020,… Read More »
Small Business Relief Grant Program
Greater Winston-Salem Inc. and the Downtown Winston-Salem Partnership, Inc. want to assist small businesses in our community by providing direct grants to assist in the recovery of the COVID-19 pandemic. We are excited to launch the Small Business Relief Grant Program which will provide grants to small businesses located in Forsyth County. The funding goals… Read More »
COVID 19 Economic Outlook
Today we held a conference call with economist Dr. Matthew Martin who provided a regional and national economic outlook relating to COVID 19. The presentation and call recap are below. Special thanks to: Matthew Martin, PhDRegional Executive, Federal Reserve Bank of Richmond The views and opinions expressed herein are those of the author. They do… Read More »