The Coronavirus Aid, Relief and Economic Security (CARES) Act was designed to combat the economic and health crisis brought about by the coronavirus pandemic. It offers forgivable loans to small businesses that maintain payroll, provides direct payments to individuals and families, institutes economic relief for distressed industries and extends significant financial support for hospitals and medical institutions. This legislation will have a substantial impact on Jefferson Parish businesses.
Adams and Reese joined the Jefferson Parish Economic Development Commission (JEDCO) for a webinar aimed at helping local businesses and Jefferson Parish residents understand the information needed to capitalize on the stimulus package with a videoconference Monday, March 30.
JEDCO President and CEO Jerry Bologna was joined by Adams and Reese Partners Jeff Brooks, Johnny Domiano, Chris Kane and Greg Rouchell for a discussion on topics including SBA loan forgiveness, unemployment provisions, corporate tax implications and more.