The second round of grant funding from the Timothy S.Y. Lam Foundation, based in Las Vegas, opens tomorrow, April 24. The $100,00 program offers $500 relief grants to assist people in the hospitality industry who have been financially harmed by the COVID-19 global pandemic.
The one-time grants are available to those who are able to provide documentation that they:
1) were previously employed in the hospitality industry as of March 1, 2020, and
2) can provide documentation that they are no longer receiving a salary as a result of COVID-19.
This grant is also available those who are self-employed in the hospitality industry but have lost contracts from cancellations. For more information and to apply, visit www.timothysylam.org/relief-grant.
The American Rental Association has sent an additional request to the U.S. Congress for federal funding to assist the rntal industry. The proposed two-fold approach asks for an incremental $300 billion to make additional Economy Injury Disaster Loans (EIDL) and that these funds be processed by the banks that are currently processing Payroll Protection Program (PPP) loans to facilitate efficiencies and timeliness in funding. “More than 90 percent of our membership is comprised of small businesses and without further assistance, many of them may be forced to close their doors permanently,” said Tony Conant, ARA CEO.
Big events company Freeman has announced the formation of Go Live Together, a coalition of 80 founding partners--representing more than 4,000 companies with U.S. operations--who have joined forces to support legislative actions that will aid the industry’s recovery from COVID-19. “While our concern is first and foremost supporting the suppression and mitigation efforts around COVID-19, live events will be an integral part of accelerating the U.S. and global economic recovery,” said Bob Priest-Heck, CEO of Freeman. “A fundamental aspect of the industry are that trade shows and events enable companies to grow, educate and innovate. Protecting the industry means protecting key economic and social drivers that not only impact jobs today, but also the development of the next generation of businesses."
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