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The U.S. private motorcoach, school bus, and domestic passenger vessel industries have suffered unprecedented economic losses and furloughed hundreds of thousands of employees over the past four months due to the COVID-19 pandemic.
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The Coronavirus Economic Relief for Transportation Services Act will provide $10 billion in emergency economic relief funding, in the form of grants — no less than 50% of total funding — and other economic assistance.
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The proposed federal legislation aims to bolster support to small businesses through the Paycheck Protection Program during the COVID-19 pandemic with measures such as eliminating restrictions on non-payroll expenses and extending the rehiring deadline.
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The proposed legislation aims to bolster support to small businesses during the COVID-19 pandemic through the Paycheck Protection Program with measures such as eliminating restrictions on non-payroll expenses and extending the rehiring deadline.
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School Bus Fleet’s recent webinar, “Getting Paid, Staying Afloat: How Contractors Can Cope With the COVID Shutdown” is now available online.
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"COVID-19 Economic Relief Primer for the Ground Transportation Industry" details the recently passed federal economic aid packages and offers resources for applying for the various available loans.
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The stimulus includes more aid for small- to medium-sized businesses, with $320 billion added to the Paycheck Protection Program. Of that total, $60 billion is set aside for Small Business Administration loans.
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The Paycheck Protection Program and the Economic Injury Disaster Loan program ran out of money on Thursday. A relief package that could provide billions for each program may soon pass in the Senate.
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Bobit Business Media's webinar, "Navigating the CARES Act for Small- and Medium-Sized Businesses With Fleets," shared how businesses with commercial, corporate, and rental fleets can access and apply funds made available by the new law.
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The agency anticipates making between 40 and 60 grant agreements for projects aimed at reducing emissions from aging diesel engines, including those in school buses.
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