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Paycheck Protection Program Extension Signed Into Law
According to the Hardwood Federation, on Friday, June 5th President Trump signed into law the Paycheck Protection Flexibility Act (PPFA), which extends and expands the previous Paycheck Protection Program (PPP). Thus far the Small Business Administration (SBA) has worked with more than 5,000 lenders to approve 4.5 million loans totaling $510.2 billion of the program’s $659 […]
Update: Paycheck Protection Program & Safety Measures
Our friends at the Hardwood Federation have announced that this week the federal government issued updates to guidance in two areas important to the hardwood industry: The Paycheck Protection Program (PPP) and safety measures for ongoing facility operations. Paycheck Protection Program The IRS has issued clarifying guidance regarding the PPP. Questions have been raised recently […]
NEW 7-Week Inspector Training School Class
The NHLA Inspector Training School is offering a NEW, 7-week course, scheduled to begin on June 15, 2020. The Members Only course is limited to 15 students. The goal of the NHLA Inspector Training School’s new model is to educate more students and get them back to work sooner while increasing the students’ value to […]
$310B to Replenish the Paycheck Protection Program
Yesterday the U.S. House of Representatives authorized $310 billion in additional funding for the Paycheck Protection Program (PPP), the U.S. Treasury administered loan program designed to keep employees on small company payrolls, by a vote of 388-5-1. Initial funding of $350 billion, created as part of the $2 trillion rescue package passed last month, ran […]
COVID19 Preparedness & Response Planning Webinar
Presented by EHS Support & Hosted by The Railway Tie Association The Railway Tie Association (RTA) and EHS Support have teamed to provide those in the Wood Industry, and its suppliers, with guidance on the implementation of an Infectious Disease Preparedness and Emergency Response Plan that can be used at all levels of an organization. […]
Call for Action to Fund the Paycheck Protection Program
Breaking News from NHLA & the Hardwood Federation The CARES Act legislation recently passed by Congress provided critical assistance to businesses and manufacturers in the hardwood industry to help weather the financial strain of the COVID-19 pandemic. As a result of the CARES Act, the Paycheck Protection Program was made available to provide […]
Breaking News from NHLA & Hardwood Federation
IRS Relief Information The tax experts at our forest products community ally The American Forest and Paper Association (AF&PA) have shared the below information regarding relief for taxpayers claiming Net Operating Losses (NOLs). In the following links, please find an IRS press release, an IRS revenue procedure, and an IRS notice providing tax relief under the CARES […]
What You Need to Know about the SBA Coronavirus Relief Options
On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses. In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak. These programs include the Paycheck Protection Program, the EIDL Loan […]
Breaking News Alert from NHLA & the Hardwood Federation
TREASURY ISSUES GUIDANCE ON SMALL BUSINESS LOAN PROGRAM Last night the U.S. Treasury issued guidance for the Paycheck Protection Program (PPP) which provides $350 billion in loans for small businesses impacted by the Coronavirus. Small businesses and sole proprietorships can apply for loans through the PPP starting on April 3, while self-employed individuals and […]
Latest Update on COVID-19 from the Hardwood Federation
Over the past few weeks, Congress has passed, and the President has signed, three pieces of legislation to address the medical and economic strains resulting from the Covid-19 (Coronavirus) pandemic. The first bill, signed March 3, provided $8.3 billion for health providers, disease testing and small-business loan subsidies. On March 18, a second relief package […]
HF Policy Alert: House Joins Senate in Passing Covid-19 CARES Act
*Update as of March 27, 2020, 3:45 PM CST: President Trump has signed the $2 trillion COVID-19 relief bill. Previous update as of March 27, 3030 3 PM CST: The Hardwood Federation has announced that the House of Representatives has joined the Senate and passed the Phase 3 “Coronavirus Aid, Relief, and Economic Security (CARES) […]
How the $2 Trillion Coronavirus Bill Could Help You
The Senate voted unanimously on Wednesday to approve a $2 trillion bill to provide relief to the economy, businesses, and workers that have been hurt by the COVID-19 pandemic. The House is expected to pass the bill by Friday and President Trump has announced he would sign the bill into law. This bill is in […]
BREAKING NEWS: Forest Products Are “Essential Critical”
The U.S. Department of Homeland Security and the U.S. Department of Labor have both said the forest products industry is an “essential critical infrastructure workforce in the nation’s response to the coronavirus pandemic.” These are allowed to operate during shutdowns. Most states are following the federal guidelines when ordering people to shelter in place. Here […]
From the Hardwood Federation: TAKE ACTION
Ask Congress to Include U.S. Hardwood Industry in any Coronavirus Relief Packages The U.S. Hardwood Industry, like much of the U.S. manufacturing sector, is under severe stress due to the rapid spread of COVID-19, the Coronavirus. Impacts due to Coronavirus are set to lay another blow to an industry already distressed by the ongoing trade […]
Hardwood Federation Alert: Federal Covid-19 Update
Congressional Action Congress is attempting to move quickly on multiple legislative responses to the COVID-19 crisis. Late last Friday the U.S. House of Representatives passed legislation (H.R. 6201) in overwhelmingly bipartisan fashion (363-40). The Senate made minor changes to the bill and passed the amended version this afternoon (90-8). The legislation is now […]
3 Easy Ways to Support Local Businesses
Local stores and suppliers were once a go-to for everything we need, but rapid changes in technology, convenience, mass production, and many other factors have shifted the market to favor big name brands. Big box companies have been experiencing some turbulence, though, and the ‘Shop Local’ movement has begun to shift the gears. Consumers are […]
Louisville Makes the 2020 Traveler’s Choice Award List
NHLA is excited to announce that Louisville, Kentucky made the 2020 Traveler’s Choice Award List by Trip Advisor. This is exciting news because the 2020 NHLA Annual Convention and Exhibit Showcase is taking place from September 23 – 25 at the newly renovated Galt House Hotel in Lousiville this year! One of the reasons Louisville was selected […]
New Board Members Bring Commitment and Passion to ITSEF
The Inspector Training School Education Foundation (ITSEF) is pleased to announce the addition of two new Board members, Jay Reese of Penn-Sylvan International, Inc. and graduate of the 85th Class of the NHLA Inspector Training School; and Hud Caldwell of Northland Forest Products and graduate of the 89th Class of the School. ITSEF Board Chair […]
Breaking News: China to Remove Tariffs on U.S. Hardwoods
Based on reports from the Agricultural Specialist at the U.S. Embassy in Beijing as well as the Chinese Ministry of Finance, the Chinese government will remove U.S. hardwood lumber import tariffs starting on February 28, 2020, for one year. The list of products that could potentially have tariffs removed starting next Friday can be […]
Breaking News: China Accepting Applications for Tariff Exemptions
China’s Ministry of Finance announced today that China’s tax authority will begin accepting applications from Chinese domestic firms for the exemption of additional tariffs imposed on some U.S. products, including U.S. hardwoods starting March 2, 2020. Applications for the one-year waivers must be submitted by Chinese firms; U.S. companies are not eligible to submit requests […]