Under the Paycheck Protection Program (PPP) loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses. The Treasury Department and Small Business Administration recently released an eleven-page borrower application form and instructions for loan forgiveness. People have a lot of questions.
NDC is a partner in a new program that will target small businesses in New York State focusing on WMBEs, non-profits, and small landlords that did not receive Federal COVID-19 assistance.
The National Development Council Raises $100 Million for Phase 2 of Paycheck Protection Program (PPP)May 11, 2020
Funds are still available for small businesses with priority in low- and moderate-income census tracts New York, NY (May 11, 2020)—For Phase 2 of the Paycheck Protection Program, the National Development Council (NDC) raised $100M and has so far connected small businesses with more than $42M in funded PPP Loans. More than half of the […]
An Overview of the PPP Application Requirements
Helping Small Businesses Connect with Federal Assistance
NDC has 25+ years of experience lending directly to small businesses as well as collaborating with local governments and non profit agencies to design small business assistance programs.
Recording: Opportunity Zone Updates in WA State: Final Regulations & Investing in Uncertain Economic Times webinarApril 3, 2020
This webinar provides an overview of Opportunity Zones (including the final regulations released in December 2019), discusses projects that have taken place in Washington State, and goes on a deep dive into Marina Square, an OZ project in Bremerton, Washington. Recorded on Thursday, April 2nd.
In light of the COVID-19 crisis, communities, small businesses, nonprofits, and community development professionals are facing unprecedented challenges. Small businesses and nonprofits are struggling to stay afloat and retain employees, communities are being forced to reevaluate how they maintain operations and best serve their citizens, and economic development professionals are trying to stay up-to-date with the current federal efforts to rescue families and small businesses.
Here is the latest from the U.S. Small Business Administration (SBA):
All of the staff and Board Members of The National Development Council hope that you, your families, friends and colleagues remain healthy and strong throughout this crisis, and that the communities and constituents we serve continue to receive our continuing support as we navigate this unprecedented health and economic crisis brought on by the spread […]