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.