Reducing Regulatory Burdens

PPP Loan Forgiveness for Seasonal Employers

Currently, the PPP Loan Forgiveness program only allows for 3 period by which to determine your eligibility when factoring a reduction of 25% in your workforce. If you are a seasonal employer, such as a theatre or festival, who would normally not be in full operation during the PPP Period, but are comparing to a period in which you would be in full production, you will almost certainly be unable to meet the 25% reduction threshold. Seasonal employers should be allowed to compare to a similar period in the previous year that most closely reflects the normal operations of the company. Theatres and many cultural institutions do not operate on a quarterly basis with consistent income and a consistent workforce. We need the flexibility to prove that we have retained our normal staff without comparing ourselves to temporary staff that bears no reflection on our current period.

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Idea No. 3057