Featured Image

COVID-19 Relief on Its Way

Dec 21, 2020

After months of tense negotiations, Congress approved a bipartisan coronavirus stimulus package before it adjourned for the year, and President Donald Trump pledged to sign it. The measure combines $900 billion in emergency relief with a $1.4 trillion omnibus spending bill that keeps the government running through Sept. 30, 2021.

A third of the package targets small business relief, including $284.5 billion for the Paycheck Protection Program (PPP). Businesses that missed out on the first round of loans are eligible. Especially hard-hit firms are permitted to obtain a second loan if they can show significant losses in 2020 revenue compared to 2019. Companies that received PPP loans and had them forgiven will also be allowed to deduct the costs covered by those loans on their federal tax returns. There is also additional funding for targeted grants through the SBA’s Economic Injury Disaster Loan (EIDL) program.

The package extends the $300 weekly federal enhancement to state-provided unemployment benefits for 11 weeks through March 14, 2021. It also includes another round of stimulus to individuals – $600 in direct payments to adults and their dependents – that Treasury Secretary Steve Mnuchin said would begin next week. The final package includes funding for rental assistance, Supplemental Nutrition Assistance Program (SNAP) benefits, vaccine distribution, child care providers, schools, public transit, aid for the postal service, and an eviction moratorium through Jan. 31.

Both parties made significant compromises to ensure the bill’s passage. The massive package does not include the Republican priority of liability protection from COVID-19-related lawsuits for businesses, nor does it include the Democrat priority of billions in aid to states and localities.

AMT supported the small business provisions in the relief measure throughout the negotiation. Please join our organization in thanking your members of Congress that supported the final package.

PicturePicture
Author
Amber Thomas
Vice President, Advocacy
Recent advocacy News
So you’ve hit the Reset button. Now what? Gisbert Ledvon, Director of Business Development - Machine Tool at Heidenhain Corporation, advises companies to use this time to OPTIMIZE their organization:
With negotiations on the next COVID-19 package stalled and some benefits expiring, President Donald Trump issued four executive actions to provide some relief until an agreement is reached. They include payroll tax deferral, student loan debt relief...
Senate Majority Leader Mitch McConnell, R-Ky., released the HEALS Act (Health; Economic Assistance and Liability Protection; and Schools) last week, the Senate Republican leadership’s coronavirus relief proposal. The House Democrats introduced their...
This March, for the first time since founding Industrial Vacuum Equipment Corporation (IVEC) in 1992, Randy Bourdo was experiencing a downturn in commercial orders. But thanks to a special quick turnaround order for a hospital COVID-19 treatment unit...
No stranger to setbacks, Illinois manufacturer Nicole Wolter has learned to embrace uncertainty by acting quickly, gathering facts, and relying on others. Here’s how she’s responded to her state’s recent stay-at-home order. On Friday, March 20, as soon...
Similar News
undefined
Intelligence
By AMT | May 22, 2025

Modern manufacturing on the race track; Tariff impacts on manufacturing technology; The real speed of machines; DED evolves; And more.

6 min
undefined
Advocacy
By Kevin Bowers | May 21, 2025

As tariffs remain a top concern across the manufacturing technology industry, AMT surveyed 59 member companies to assess their impact. The data reveals price increases, operational stress, strategic uncertainty, a need for sustained advocacy, and more.

7 min
undefined
Technology
By Travis Egan | May 20, 2025

It’s not just about speed on the racetrack. It’s about precision, repeatability, and empowering people with the tools and insights to do the job right the first time.

3 min