PPP vs. Unemployment Expert Panel Webinar

Resources for Business Owners:

During the COVID-19 closures, many Tucson business owners are using emergency funds for their businesses such as  Paycheck Protection Program (PPP), EIDL, and more. Many of their employees are also receiving unemployment. Unfortunately, this puts business owners and their employees in a situation where their incentives are misaligned, making it more difficult to get back to normal.

One business owner shared — “My employees are receiving unemployment which is more than I was paying them previously. How do I go about getting them back so I can satisfy my Paycheck Protection Program loan?” 

On Thursday, May 7, Aaron Eden, CIC Chief Innovation Officer, led an interactive session with local experts to discuss loan logistics, legal compliance and how to navigate employee retention during the COVID-19 Pandemic.  

From upper left corner, clockwise:

Aaron Eden, Chief Innovation Officer at CIC; Ellen Kirton, Director Pima Community College Small Business Development CenterTim Medcoff, Managing Partner, Farhang & MedcoffChris Galy, Chief People Officer, Couchbase

COVID-19 Emergency Loan- Odaiko Sonora Rhythm Industry

“Being a small nonprofit dedicated to performing arts and arts-integrated education is a risky venture. In four days, Odaiko Sonora lost every gig left this season. The timing couldn’t have been worse. All the programs I applied for were overwhelmed and unresponsive . . . until I found CIC. The care and professionalism, and most importantly the speed with which CIC staff were able to assist has restored my faith that Odiako Sonora will weather this storm.” Karen Falkenstrohm, Director Odaiko Sonoran Rhythm Industry ​

Continue reading