DENVER - March 30, 2020 - (Newswire.com)
As many Colorado employers have experienced dramatic declines in business, every day matters in plotting next steps and taking action. The newly announced CARES (Coronavirus Aid, Recovery and Economic Security) Act is a $2 trillion aid package that will offer significantly enhanced benefits for employers and employees over the next six months.
“As Colorado employers, my view is that we must all do everything we can to protect and serve our community,” says Jordan Conley, President of Obsidian HR. “This is a crisis for all of us, and we are all in it together.”
Notably, CARES will make larger SBA and financial distress loans available to small businesses. These loans include provisions to be “forgiven” in proportion to how much of the loan is used to maintain employment at pre-coronavirus levels. For qualified businesses, at 100%, the government is funding the payroll of employees for the next three months.
Join Obsidian HR for a webinar on April 1 to review the FFCRA and CARES Acts and help answer any questions business owners may have. This webinar will cover:
- The Paycheck Protection Program (CARES)
- Obligations as an employer to provide leave to employees for certain conditions related to COVID-19 (FFCRA)
- Any questions business leaders might have regarding these laws and how it impacts their business
Who: Jordan Conley, President of Obsidian HR
What: Webinar – FFCRA & CARES Act Explained: Guides to Small Business Assistance
When: Wednesday, April 1, at 10 a.m. MT
How: Register online
About Obsidian HR
Based in Denver, Colorado, Obsidian HR, Inc. is a wholly owned subsidiary of ProService Hawaii. With nearly 40,000 worksite employees and 25 years of successful history, our local service team helps partners hire, retain and manage people so leaders can effectively manage, develop and grow their businesses. We provide human resources, employee benefits, payroll and risk & compliance management services on an outsourced basis to small and midsize businesses. Visit obsidianhr.com to learn more or follow us on LinkedIn.
For more information, please contact:
Jordan Conley
President, Obsidian HR
jordan.conley@obsidianhr.com
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Original Source: FFCRA & CARES Act Explained: Guides to Small Business Assistance
