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(1/) Hey Small Business Owners! Are you aware of the new federal Payroll Protection Program? It can help you keep your employees on the payroll during this period through FULLY FORGIVABLE LOANS! Read on for more details...
(2/) A one page summary of the program can be found here on the @USTreasury's website.
(3/) And here's a link to the application form. Protect yourselves and your employees from the worst of the #COVID19 economic impacts. home.treasury.gov/system/files/1…
Here's the link to the @USTreasury overview one-pager I shared. home.treasury.gov/system/files/1…
For #NYC employers, make sure you check out this city grant program as well! nyc.gov/covid19biz But ACT FAST: This grant program will officially close to applicants on Friday at 5pm.
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Michael Donnelly
@donnellymjd
(1/) If the NY lockdown has been effective at reversing #coronavirus growth, be on the lookout for net new hospitalizations to gradually shrink to ~0 by the end of the first week of April. But, beware of potential new biases in the hospitalization data. medium.com/@donnellymjd/c…
(2/) In my latest post, I give some signposts to look out for to see (hopefully good) news in the data this week. You should also look out for evidence that we need more social distancing measures, like it net new #COVID19 hospitalizations stay above 1,000 per day.
(3/) #NY is still the epicenter of the US's #COVID19 crisis, but by #stayinghome and using data to make policy decisions, we can turn the tide and #protectNYC. Thank you to all the medical professionals working to keep us safe and healthy.
Read 3 tweets
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Michael Donnelly
@donnellymjd
(1/) Five days ago I forecast that NYC’s hospitals would be at capacity with #coronavirus cases by Mar 30. I was wrong. New data suggest that #NYC’s hospitals will reach capacity of approx. 3,000 cases by Mar 24. #shutdownNYC
medium.com/@donnellymjd/c…
(2/) While there is now nothing we can do to prevent reaching capacity short of immediately adding beds, we can prevent additional deaths and hospitalizations by fully shutting down NYC except for absolutely essential services, like Italy’s current restrictions.
(3/) Why was the first forecast wrong by a few days? Detection rate. In the prior worst case scenario, we assumed an overall detection rate of 18%, which implied fewer undetected cases. New hospitalization data imply an estimated detection rate of just 5.6% today.
Read 6 tweets
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Michael Donnelly
@donnellymjd
(1/) The @imperialcollege study by @MRC_Outbreak on #COVID19 is incredibly important. You should read it. How do their approaches and conclusions for the US compare to mine? tl;dr: they are very similar. More detail in the thread.
(2/) Comparing charts for overall deaths from their model and mine, you'll see that the Imperial College model finds that we stop adding significant numbers to the death count by mid July. My model puts that around June. Total Deaths - IC: 2.2M, My forecast: 1.2M
(3/) Without govt intervention: The IC study finds US cases peak in mid-May. My model peaks in late April.
Read 12 tweets

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Rep. Don Beyer
@RepDonBeyer
The CARES Act included a massive new initiative, the Paycheck Protection Program, to protect workers and keep small businesses afloat with loans amid the COVID-19 pandemic. PPP launches tomorrow morning.

Tonight @GerryConnolly @RepWexton and I held an urgent call with lenders 1/
One lender predicted tomorrow will be "one of the craziest days in the history of modern banking."

Another told us that unclear guidance from SBA and the Treasury Department means lenders “don't understand the program.”

They are not alone in this. 2/
Thousands of businesses and ultimately millions of Americans will depend on these loans. Those people NEED this program to work.

But we have been hearing increasingly worrying things about the launch tomorrow, which is why we did this call. 3/
Read 8 tweets
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Zachary Warmbrodt
@Zachary
🚨Banks are warning that a $350 billion small business lending program won't work as advertised when it launches Friday. They say the Trump administration set unrealistic expectations and has failed to give banks what they need to issue the loans politico.com/news/2020/04/0…
Banks are expecting millions of applications from small businesses on Friday. Some fear a disaster that could dwarf the failed kickoff of the Obamacare enrollment web site in 2013.
Banks see a likely scenario where the small business lending program at launch only works well for their existing customers while other potential borrowers miss out on the $350 billion.
Read 8 tweets
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Chip Roy
@chiproytx
Early Saturday morning I voted against legislation we had no time to debate, amend, or even read. That bill was badly flawed. It purports to help people by putting a massive mandate on small & medium sized businesses while perpetuating the K-Street... #BeatCoronaVirus (1/16)
...Corporate welfare cronyism Americans are sick of – exempting businesses over 500. Worse yet, the mandate was to be paid LATER through tax credits, and the tax credits would not cover it all! This was a terrible mistake, and the Senate... (2/16)
...(or the House, in its “technical corrections” it is hurrying to the floor to clean up its mess) ought to correct it. Small business owners have reached out to me to ask what we can do to help stop this so they won’t be hurt. In short, it does no good to mandate... (3/16)
Read 16 tweets
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Headsnipe01
@Headsnipe011
SBA Extends Deadline for 2019 National Small Business Week Awards Nominations

@drawandstrike @catesduane @rising_serpent @almostjingo @tracybeanz @TheChiIIum @Quodverum_ @DRUDGE_REPORT @thomaswictor @TheJonGrubb

sba.gov/about-sba/sba-…
WASHINGTON –Due to the federal government shutdown, the U.S. Small Business Administration has extended the deadline for the 2019 National Small Business Week Awards nominations. Now, all nominations must be submitted no later than 3 p.m. EST, February 4, 2019.
Since 1963, National Small Business Week has recognized the outstanding achievements of America’s small businesses for their contributions to their local communities, and to our nation’s economy.
Read 14 tweets
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Stephanie Hurlburt
@sehurlburt
I really respect small companies that focus on hiring disadvantaged talent with the knowledge that they're mostly a stepping stone for better roles. They don't pay the best or have the most exciting tech, but they treat people well and provide a way to break into the industry.
Was talking to a small biz owner, he said "Did you know this person came into our co with no exp & left to work at Microsoft afterward?!"-- with glee, like that was his purpose. In fact he referred them to the role. He knew they wouldn't have been hired there without his company.
I 💛 small business owners. We need small businesses.
Read 4 tweets
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Janice
@jskielb3
1/This is a lengthy thread describing in detail the Federal Government Executive Branch Departments & Agencies Reformation & Reorganization Plan (R&R Plan), entitled “Delivering Govt Solutions in the 21st Century.” whitehouse.gov/wp-content/upl…
2/h/t to @ThomasWictor who tweeted about the R&R Plan yesterday as I was still reading it, for highlights he described & particularly for his insight regarding it—& its transformative content—which may in pt be behind the Dem’s escalation/opposition to @POTUS @realDonaldTrump
3/For a thread w/a list of highlights from the R&R Plan, see:
Read 134 tweets

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