Warning Week Risk Levels – The latest County Risk Level chart from the Governor’s Office and Oregon Health Authority was released in preparation for next week’s “Movement Week,” whereby additional counties are expected to move into High Risk and lower risk levels to either gain indoor dining back or expand indoor dining they already have. We’re anticipating good news as early as Tuesday from some additional areas of the state including some of our secondary metro areas finally moving out of an Extreme Risk status.
Pacing PPP Funding Against Vaccine Distribution – Earlier this week, ORLA sent a press release out illustrating the use of Round 2 PPP funds against Oregon’s vaccination pace to showcase the importance of big picture thinking. There has been an ongoing process of decision making in a vacuum and it must be recognized that a lack of comprehensive decision making has the potential to plague Oregon’s economic recovery. Read more here.
Reminder About the Employee Retention Tax Credit – A new law makes businesses eligible for an employee retention tax credit, even if they received a PPP loan. For any calendar quarter between March 13 and Dec. 31, 2020, a business with 100 or fewer full-time employees may be able to access the Employee Retention Tax Credit (ERTC) of up to $5,000 per employee. Employers need to make sure they do not claim wages that were used for family leave, PPP or other Cares act related credits. Read FAQ.