SBA Reopens EIDL Program

In other equally important SBA news, the agency this week also announced the reopening of the Economic Injury Disaster Loan (EIDL) program to all small businesses. The popular program, to which Congress had appropriated an additional $50 billion and expanded EIDL eligibility through the CARES Act earlier this year, was quickly overwhelmed and shut down…

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Federal Reserve Finally Launches Main Street Lending

At long last, the Federal Reserve has officially opened its Main Street Lending Program this week, inviting lender to register for the program so they can begin loaning immediately. The program, which has been in the works and on the drawing board since early April, not long after the coronavirus pandemic caused the economic shutdown…

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CFA and NRA Look to Expand IRC Stabilization Fund

The Coalition of Franchisee Associations (CFA) is working alongside the National Restaurant Association (NRA) to broaden a proposed restaurant-only stabilization fund to help the restaurant industry recover from the coronavirus pandemic and the economic devastation it has caused the industry. As we advised a few weeks ago, the newly-created Independent Restaurant Coalition is pushing Congress…

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SCOTUS Confirms Protection for LGBTQ Workers

Early this week, the Supreme Court of the United States (SCOTUS) issued a decision extending anti-discrimination protections in the workplace to gay and trans-gender employees. In a 6-3 decision written by Justice Neil Gorsuch, the court confirmed that federal law protecting employees from harassment or discrimination on the basis of sex extends to include both…

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DDIFO Webinar

Speaking of important employment issues and the like, DDIFO is pleased to present another important webinar for our franchisees on Tuesday, June 23 at 3:00 PM. Register here to attend the highly informative program, Creating Consumer Confidence through Trust, Transparency and Technology. This one hour webinar will feature JP Scoville, VP of Customer Success for…

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Virginia Law Changes with Flip of the Calendar

As we’ve advised in past issues, the turn of the calendar often ushers in new changes in state and local laws that we all must be aware of, but that is especially true when we flip from June to July. Last week we advised of a number of changes coming July 1 in state and…

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Competitor News

Both McDonalds and Starbucks made news this week via investor presentations and SEC 8K filings. McDonald’s reported that US same store sales improved in May to minus 5%, up from minus 19% in April. That improvement was totally driven by higher average ticket, due to larger order sizes. Later, in an investor presentation, the company…

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DC Circuit Court Tosses Labor’s Suit over COVID-19

A three judge panel of the US Circuit Court of Appeals for the District of Columbia yesterday threw out a lawsuit brought by the AFL-CIO seeking to mandate that employers be required to protect employees from the COVID-19 pandemic. The labor federation had filed legal action last month trying to force the Occupational Safety and…

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Senate Dems May Propose Another PPP Round

While the republican-controlled US Senate refuses to consider the $3 trillion Heroes Act passed two weeks ago by the democrat-controlled US House, a number of democratic Senators have begun talking about yet another round of PPP loans. Democratic members of the Senate Small Business Committee pointed to state economic shutdowns lasting longer than most had…

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Mnuchin Signals Another COVID Relief Bill?

In testimony before the Senate Small Business Committee this week, Treasury Secretary Steven Mnuchin signaled that the administration would be open to yet another stimulus bill to address economic issues resulting from the COVID-19 crisis and he previewed their priorities for any such legislation. Specifically, the Secretary acknowledged a rocky start for the Paycheck Protection…

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