Businesses with under 500 employees can now apply to receive a Small Business Administration loan from the feds to help cover payroll, and some other expenses for the next two months. CPA Ben Vance says businesses who qualify get a loan amount that is determined by the SBA.
92% of small businesses are reporting a negative impact from the COVID-19 pandemic according to a nationwide survey conducted by the National Federation of Independent Business. NFIB state director Dawn Starns says the leading factor is slower sales as reported by 80% of small businesses.
Cut 4 (13)_ “…started the survey.”
The White House is reportedly set to recommend Americans wear a facemask while out in public to halt the spread of coronavirus.
Governor Edwards says the state is awaiting official federal recommendations before calling for public face mask usage in Louisiana, but…
Cut 6 (12) “…that.”
The Army Corps of Engineers began opening the Bonnet Carre Spillway today to protect New Orleans levees from the rising Mississippi River. For the first time ever, it’s the third straight year the flood structure has been utilized. Colonel Stephen Murphy says it’s been another tough year for the River. To date, they’ve been in a phase one flood fight for 87 of the 93 days this calendar year.