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Senate President COVID-19 impacted Hawai'i businesses to take advantage of new resources

Senate President urges Hawai‘i small businesses impacted by COVID-19 to take advantage of new federal government resources

Honolulu, Hawai‘i – Senate President Ron Kouchi (D-Kauai) is urging Hawai‘i small businesses impacted by COVID-19 to take advantage of federal government loans, grants, tax credits and other programs now available through the United States Small Businesses Administration. The resources were made available by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed by Congress last month.

“The unprecedented measures we must take to slow the spread of COVID-19 are having a major impact on small businesses, especially in Hawai‘i where so many jobs are dependent on tourism,” said Senate President Kouchi. “I encourage all small business owners to look into these newly available federal programs and apply for any assistance they and their employees need.”

Programs include:

  • Paycheck Protection,

  • Economic Injury Disaster Loans and Emergency Grants,

  • Debt Relief for New and Existing SBA Borrowers,

  • Relief for Small Business Government Contractors,

  • Employee Retention Tax Credit,

  • Payroll Tax Delay,

  • Advance Payment of Tax Credits for Paid Leave,

  • Business Tax Relief, and

  • Delay for Single Employer Pension Plans.

More information on these programs is available from U.S. Senator Brian Schatz: https://www.schatz.senate.gov/coronavirus/small-businesses

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