The Texas Workforce Commission (TWC) has hit the pause button on its decision to reinstate the work-search requirement for out of work Texans seeking unemployment benefits.
With COVID-19 daily new cases surging and a steady rise during June of patients hospitalized with coronavirus, the TWC announced on June 30 that it was pausing the planned work-search requirement reinstatement.
On the eve of the 4th of July weekend, Texas Gov. Greg Abbott issued a mandatory mask requirement for public outdoor spaces and inside buildings that covers most residents in the state.
On Saturday, July 4, 2020, President Trump signed into law a bill to extend the Paycheck Protection Program another 5 weeks. There is approximately $130 billion in loan money still available to small businesses through this program.
Here is a collection of articles we've found that best explain the details of this extension:
President Trump signed into law the Paycheck Protection Flexibility Act which restructures how employers can use loans issued through the Paycheck Protection Program (PPP).
Businesses started reopening this month in Texas, but with a vaccine for COVID-19 still on the horizon, it will not be “business as usual” for the foreseeable future.
Texas Gov. Greg Abbott in announcing another phase of business reopening’s on May 18 said: “Our focus is to keep you safe, while also restoring your ability to get back to work, to open your businesses, to pay your bills, to put food on your tables.”
For most Texas businesses there is nothing like that first day that you throw open your doors to the world. A fast start for your new business generates momentum and begins building customer loyalty.
In these trying times of the COVID-19 pandemic many Lone Star State businesses are faced with the task of reopening after a partial or full shutdown, and that “reopening day” may be as important as the first day they opened.
141,672 additional Texans filed for unemployment for the week ending May 9 bringing the total number of Lone Star state residents seeking relief benefits since the coronavirus pandemic began two months ago to a whopping 1.9 million people.
The Paycheck Protection Program, a first-come, first-served fund of $349 billion approved by Congress and signed by President Donald Trump in March, was designed to assuage some of the financial burden for the nation’s small business owners. Due to high demand, the program reached capacity quickly and the Small Business Administration announced today that it is unable to accept new applications. It is unclear at this time whether Congress will authorize additional funding.
As we continue monitoring the ever-changing situation around the Coronavirus (COVID-19) we want to make sure we continue to provide you with the most current information regarding your medical benefits and coverage.
