The amnesty programs, enacted by the 33rd Legislature, will begin on Monday, Jan. 11, and will end on Wednesday, June 30.
The application portal is currently open to customers who have not previously receive a PPP loan. Those who participated in the first program will be welcomed to apply in the next few days.
The Paycheck Protection Program has recently re-opened as a result of the Economic Aid to Hard Hit Small Businesses, Nonprofits and Venues Act, which was signed into law by the president on Dec. 27, 2020.
Embedded in the requirements are local workforce development requirements – a key objective of partner organizations.
Commissioner Joseph Boschulte extended a message of both gratitude and optimism to the territory’s tourism ambassadors and partners around the world when he recently recapped the challenges of 2020.
US-SBA, in consultation with the Treasury Department, has announced the Paycheck Protection Program will reopen the week of Jan. 11 for new borrowers and certain existing borrowers.
This certificate has been specially designed for those who work in sectors such as the medical field, law enforcement, first responders, hospitality and other local businesses.
Pablo Torres, the president of the Caribbean Hotel and Tourism Association (CHTA), has predicted the Caribbean will see a return of tourism to the region “faster than many parts of the world.”
The Department of Tourism continues to focus its attention on increasing airlift capacity to St. Croix and St. Thomas in 2021.
The deadline extension comes as a result of the recent bipartisan COVID-19 relief bill passed by Congress and enacted by President Trump on Dec. 27, 2020.