2020 will be a year the world will never forget. The year that so many lives were upended with the pandemic of COVID-19. With the government, the hospitals and other essential businesses overwhelmed and overworked, it warms our heart to see how many businesses and people have stepped up to the plate during these challenging times. So we're taking a moment to shed light on some of them, and if you're wondering how you can help, keep reading.
LAmade has partnered with The Mask Movement and their fight to save lives with their #onemaskatatime initiative. For every 2 masks purchased from their site, LAmade will donate 1. All masks are donated to various independent medical facilities in New York and California. While the fabric masks are not a substitute for healthcare grade respirator-type masks, this is a coordinated effort to use the fabric masks to extend the life and supply of the respirator masks.
This San Francisco-based design studio, SKYE, is donating 10% of their April and May proceeds to the Frontline Responders Fund. focusing all its resources on getting critical supplies to frontline responders combating COVID-19. If you want to help frontline responders in our hospitals, now is your chance to chip in.
Universal Standard is committed to assisting Medical Workers, so much so, they've already distributed $250,000 worth of Foundation to medical professionals on the front lines. And with your help, they can take this initiative one step further. Universal Standard recently introduced its buy-one-give-one option. You can select from their Foundation options and add to your cart to purchase one piece for you and automatically donate one piece to a medical worker on our waitlist (they even split the price with you). Shop Universal Standard→
LA-based sustainable women's clothing brand, Reformation, has partnered with The City of Los Angeles and Mayor Eric Garcetti on LA Protects, an initiative to organize local manufacturers to make five million non-medical masks for essential workers who desperately need them.
Alternew, an on-demand clothing repair and alterations company has partnered with NYC Face Mask Initiative to create face masks. They have 120 sewing technicians with materials to send out at least 5,000 masks per week and much more with your donation! Donate here.
The U.S. government has initiated a $2 trillion stimulus bill that includes $500 billion to back loans for companies and $350 billion for small businesses. Lower- and middle-income adults will get $1,200 and $500 for each child, while unemployment insurance is beefed up. Source: QZ.com
If you're in need of some resources on where to start, check out some of your options below.
Business Owners: Whether you're a sole proprietor or corporation, if you have less than 500 employees, you may qualify for the Payroll Protection Program.
SBA Forgiveable Loans up to $10M
SBA Emergency Grant up to $10K
Withdraw Retirement Penalty Free up to $100K
SBA Disaster Loans up to $2M
Defer Payroll Taxes Sec 2201to 2021/2022
Recovery Rebates $2,400 for Married Filing Jointly, $1,200 for single households
Get Cash for NOLs In 2018,2019, ans 2020
Employee Retention Credit Up to $10K per employee
Sick Employee Payroll Tax Credit Up to $2K per employee/quarter
For more information visit https://www.sba.gov/
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