$2 trillion coronavirus response bill providing relief for individuals, big corporations and small business, state and local governments, public health, and others
Many Individuals will receive cash payments and there are extra unemployment payment provisions included as well, more support for gig and freelance workers, tax filing extensions, and student loan repayment benefits
Small Business support includes allocations for emergency grants to cover immediate operating costs, additional forgivable loan funding, and relief for existing loans already being utilized through SBA programs
Big Business provisions include significant funding to support the airline industry, temporary bans on stock buybacks for companies seeking federal loan assistance, new reporting requirements, pandemic recovery oversight, and a refundable tax credit for businesses of all size that are closed or distressed
Public Health assistance by way of additional funding for hospitals and community health centers, funding to increase drug access and development, program and response support for the Center for Disease Control, funding for veterans' health care, new telehealth authorizations, and funding to increase the availability of medicine and medical supplies
Additional funding set aside to support Safety Net programs, State and Local Government, and federal Education relief
Employees will be eligible for two weeks of sick leave at their regular pay rate to either quarantine or seek a COVID-19 diagnosis or preventative care
Employees will be eligible for two weeks of paid sick leave at no less than two-thirds their regular pay rate if they are caring for a family member with COVID-19 diagnosis or caring for a child whose school or daycare has closed as a result of coronavirus concerns
Full-time employees will be entitled to 80 hours worth of paid sick time
Part-time employees will be entitled to the number of hours they normally work in a two week period
Employees with at least 30 days with their employer will receive 10 weeks of emergency paid leave to care for children whose schools or daycare facilities were closed
After 10 days of unpaid leave, the employer will pay the individual no less than two-thirds of their pay, for a max of $200 per day and $10,000 total
Employers with less than 50 employees or less can seek an exemption if they can demonstrate “the imposition of such requirements would jeopardize the viability of the business”
The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
The SC DOC Business Resource Center provides links to a number of business resources such as insurance, regulatory, and tax support, small business financial assistance, employment resources, and health updates.
South Carolina Department of Health and Environmental Control (DHEC)