Good News for Construction Firms
April 8, 2020
By: John W. Hays
The Treasury Department issued a formal guidance for the Paycheck Protection Program (PPP) yesterday that clarifies that companies are eligible if they meet the 500-employee threshold or the annual revenue limit, but not both. SBA had said that construction firms had to meet both to qualify, but AGC successfully persuaded the Treasury Department to change SBA’s decision.
You can find the guidance here.