Gov. Janet Mills is requesting that small companies in Maine be eligible for federal loans to assist climate income losses from the coronavirus and is proposing emergency laws permitting affected staff to obtain unemployment insurance coverage.
Mills despatched a letter to the U.S. Small Enterprise Administration certifying that companies are already being impacted by the coronavirus with a purpose to take part in a brand new “financial harm catastrophe mortgage” program introduced final week by the SBA. This system will enable companies to take low-interest loans of as much as $2 million to assist them overcome short-term income losses.
“Maine’s small companies and their staff are the spine of our economic system, and there’s no query that the coronavirus is impacting them,” Mills mentioned in an announcement Sunday morning. “It’s my hope that these actions won’t solely assist them climate this tough time by offering vital capital and monetary help, but in addition present them an vital sense of aid amid the uncertainty.”
Later this week, lawmakers will take into account Mills’ laws to permit staff impacted by the coronavirus and the illness it causes, COVID-19, to use for unemployment insurance coverage. The Legislature is slated to droop the 2020 session on Tuesday after taking on a number of emergency measures associated to the virus.
As of Sunday morning, Maine had three presumptive constructive instances of COVID-19 and the Maine Heart for Illness Management and Prevention is reviewing three extra preliminary constructive exams performed by non-governmental labs. All exams have to be confirmed by the U.S. Facilities for Illness Management and Prevention.
The virus has already prompted widespread cancellations of occasions throughout Maine and a rising variety of colleges within the state are closing their buildings and shifting to distance studying to assist stem the unfold of the virus.
This story might be up to date.