In the wake of the coronavirus pandemic, the Paycheck Protection Program (PPP) was established and the U.S. Small Business Administration (SBA) began distributing loans to businesses in need. The goal of the program is to incentivize businesses to keep all of their employees on payroll; applicants had to affirm that they needed the funds in order to continue operating and employing their workforce. If you’ve been approved for a loan, you’re likely trying to stay on top of the requirements to have it forgiven. There’s a lot of information out there to digest and, since this is a new program, guidance is still evolving even though funds have already been dispensed. To get you started, we’ve provided answers to common questions with the information currently available.
Will Berkshire Hathaway’s Purchase of Precision Castparts Impact the Oregon Economy?
Warren Buffet’s Berkshire Hathaway announced this week that they plan to acquire Precision Castparts, one of Oregon’s few Fortune 500 companies. The deal is Berkshire Hathaway’s most ambitious yet and at $37.4 billion, further strengthens its portfolio’s position in the industrial sector. The transaction requires approval by a majority of PCC’s outstanding shares and closing is expected to occur during the first quarter of 2016.
