COVID-19 Prepare, Mitigate, Recover

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  • 1.  Update on the CARES Act

    Posted 04-17-2020 19:58


    As you may have heard yesterday the Small Business Administration announced that the PPP's original $349 billion had been exhausted. We know this is a devastating blow to the many theatres that had not yet submitted PPP applications, or their applications were not successful. We are told that it is a good idea for applicants to remain in touch with lenders. Some lenders will advise them to sit tight until more funds are available. Others advise to apply and they will hold the application.

    We do believe that Congress will vote soon on funding up those depleted programs, In the meanwhile, please see this helpful Paycheck Protection Toolbox.

    TCG's advocacy campaign provides talking points and a sample letter to Congress that can be easily personalized to focus on areas most critical to your theatre.

    With best wishes,

    Laurie Baskin
    Director of Research, Policy & Collective Action
    Theatre Communications Group
    New York NY