ECONOMIC ASSISTANCE AND HEALTHCARE RELIEF FOR FLORIDA BUSINESSES AFFECTED BY THE COVID-19 PANDEMIC
On March 25 and March 27, 2020, the U.S. Senate and the House of Representatives respectively passed the Coronavirus Aid, Relief and Economic Security Act of 2020 or the “CARES Act.” It was signed by the President later the same day. The Act provides over $2 trillion in emergency assistance and health care response to people and businesses affected by Coronavirus Disease 2019 (“COVID-19”).
Focused on the impact on Florida businesses and workers, the below is a high-level overview of certain provisions of the CARES Act, as well as economic relief programs offered by the State of Florida. These programs will be helpful to many Florida businesses that have been disadvantaged or economically harmed by the COVID-19 pandemic.
Florida business owners should evaluate their eligibility for one or more of these programs, as they may provide a quick infusion of much-needed capital to help deal with the economic devastation that you may be encountering. Gunster has assembled a task force of corporate, commercial finance, tax, healthcare, government regulatory, and employment attorneys to assist you with the impacts of COVID-19. We are ready to help navigate the myriad of new and existing federal and state programs available during this difficult time.
Explore the detail of the CARES Act below:
- Financial Relief for Small and Medium-Sized Businesses, including Non Profit Organizations
- Tax Credits and Relief for Florida Businesses
- Assistance for Severely Distressed Sections of the Economy, Including the Airline Industry and Non Profits
- Relief Available from the State of Florida
- Tax Provisions for Individuals
- Pandemic Unemployment Assistance
- Education Provisions for Individuals and Educational Institutions
- Appropriations Breakdown
The provisions provided on this webpage are not legal advice. For specific legal advice related to the CARES Act, contact Jonathan Osborne.