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Insurance/Legal Matters in RestorationManaging Your Restoration Business

Coronavirus Stimulus Package Guide for the Trades

stimulus resource
April 1, 2020

In response to the coronavirus pandemic and its devastating impact on the U.S. economy, congressional lawmakers have passed a $2 trillion stimulus bill known as The CARES Act, the largest emergency economic package in US history, which has now been signed into law. The hope is that this will provide some much-needed relief for American workers, businesses, and hospitals and give the economy a jolt during this unprecedented time.

In March, trade workers of all kinds were deemed essential by the White House and the Department of Homeland Security in the “Guidance on the Essential Critical Infrastructure Workforce: Ensuring Community and National Resilience in COVID-19 Response.” It reads:

“Workers who support the supply chain of building materials from production through application/installation, including cabinetry, fixtures, doors, cement, hardware, plumbing, electrical, heating/cooling, refrigeration, appliances, paint/coatings, and employees who provide services that enable repair materials and equipment for essential functions.”

Click here to view a comprehensive, interactive guide to this stimulus package. It includes a calculator to determine your potential stimulus amount. 

KEYWORDS: COVID-19 restoration business management

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