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CEO Update | Online Programs, Loans, and The CARES ACT

on March 30, 2020 / by Nikki Cabus ,

Read Time 2 Minutes

Good Day All,

The South Florida Tech Community is moving forward!

Palm Beach Tech has pivoted over the last few weeks, shifting to online programs and working with our leadership to identify ways to keep our organization working for our members. We’re also proud to be hosting a Virtual Career Expo on April 22nd in addition to the launch of our weekly programs:

For those professionals looking to hone thier skills, some of our members are offering free and discounted courses:

With the passage of the CARES Act, there are many federal resources available as of today, though we want to encourage all our members to take part each of the following resources as soon as possible:

  • Florida Damage Assessment| A simple survey that helps officials determine the impact on our community and needs that can be addressed.
  • State of Florida Bridge Loans | Up to $50,000 per eligible small business or nonprofit , interest-free for the loan term (1 year).
  • SBA Economic Injury Loan | Designed for companies & nonprofits under 500 employees to fund up to 250% of monthly payroll expenses, up to $10 Million. Can be utilized for payroll, personnel costs (health insurance, PTO), rent, utilities, and mortgages with the interest within 8 weeks of origination to be forgiven.

Everyone should also take note of the following extended deadlines:

  • IRS | Filing Deadline extended to July 15, 2020
  • FL DOS | Annual Reports extended June 30, 2020

We of course hope you follow guidelines from the CDC and health department officials. And in closing I’d like to give a shoutout to The SilverLogic for helping launch with the City of Boca Raton!

In Service,

Joseph R. Russo
President & CEO, Palm Beach Tech

CEO Update | Online Programs, Loans, and The CARES ACT