ACMA Summary of COVID-19 Resources for Businesses

Bach Tran COVID-19 Resources

Last Updated: Tuesday September 1, 2020

ACMA is committed to providing our members the most up to date information regarding the COVID-19 outbreak. On this page you will be able to find information on forgivable federal loans and other financial relief programs designed to keep your business viable and your workers employed. This page will be updated regularly as new information becomes available.

These are programs provided by the federal government in response to the COVID-19 epidemic. Please contact John Schweitzer if you have information that could be included in this document. ACMA makes no express or implied endorsement of law firms or other organizations providing linked material.

ACMA’s COVID-19 Ongoing Webinar Series

ACMA Town Hall with Senator Shelley Moore Capito (R-WV)

Tuesday, September 15, 2020 at 3:30PM EDT

Senator Shelley Moore Capito is one of the foremost advocates for composites in the US Senate. As a leader on the Environment and Public Works Committee, Commerce, Science and Transportation Committee, and the Appropriations Committee, she is uniquely capable to drive policies, create programs and direct funding that benefits the composites industry. She is the lead sponsor of bipartisan legislation to launch a composites research and standards program at NIST, which passed the Senate in early August.

In this town hall, she’ll discuss her specific initiatives to promote policies that drive the use of composites, as well as give her view on further COVID-19 relief efforts and the Congressional agenda and politics for the rest of 2020.

Register here.

Previous Webinar

Webinars are FREE for those in the composites industry on the ACMA Education Hub.

ACMA’s Policy Spotlight | COVID-19 Updates

ACMA’s Policy Spotlight e-newsletter is your source for the latest industry COVID-19 updates. View the latest here:

Back to Work Considerations

As states are beginning to start the re-opening process, many workplaces will begin to invite their employees back as well. Here is some guidance for best practices employers should consider when looking to re-open.

Regulatory Relief Information

Information on how to manage your small business during these times

OSHA and the CDC have developed guidance to help small businesses limit the economic and community impacts of an outbreak of COVID-19. This guidance provides steps to protect employees and prepare small businesses for disruption. A fact sheet also outlines 10 steps small business employers can take now to protect their employees’ health.

Forgivable Federal Loans and Other Disaster Relief Programs – Now Available

The Small Business Administration’s Paycheck Protection Program offers forgivable loans to cover payroll costs for companies with 500 employees or less. Learn more about this and other programs available to you now.

Main Street Lending Program for Medium Sized Business

The Federal Reserve and the US Treasury have announced a new federal relief program, the Main Street Lending Program, designed to provide federally-backed low interest loans to companies too large for Small Business Administration assistance with less than 10,000 employees and $2.5 billion in annual revenues. These loans are issued through federally insured financial institutions (most commercial banks).

Tax Implications of the Federal Response

The US Treasury is giving direct relief to Americans and companies. New tax credits exist to keep your company viable.

Key CARES Act provisions

Congress has passed a $2 trillion economic package called the CARES Act, designed to keep businesses afloat and Americans employed. Guidance on how to fully access these provisions will be forthcoming from federal agencies – continue to monitor this page to stay up to date. Learn more about key aspects of the bill now:

Export-Import Bank of the United States (EXIM) – measures for small businesses

EXIM is offering waivers, deadline extensions, streamlined processing, and flexibility for customers of several of its programs.

Commerce Department Commercial Service and Manufacturing Extension Partnership

The Department of Commerce has a network of centers working with state and local partners that help small and medium-sized businesses reduce costs, fill supply chain gaps, find new buyers, and more through the Commercial Service and Manufacturing Extension Partnership

Paid sick time and family medical leave under the Families First Coronavirus Response Act (signed by President Trump on March 18)

Employers with fewer than 500 employees will be required to provide paid family leave and sick leave to certain employees and will receive a quarterly credit against the employer portion of Social Security taxes for amounts paid.

ACMA’s Summary of Families First Coronavirus Response Act

A breakdown of key components of the bill (from that may be of interest to you as you make decisions for your business during this time.

Enhanced availability of unemployment benefits

The Department of Labor issued guidance to allow States the flexibility to pay unemployment benefits when an employer temporarily ceases operations due to the coronavirus outbreak.