New COVID-19 Resource: How To Participate In Short-Term Compensation Program
This morning, NMMA released a new FAQ on state short-term compensation (STC) programs, which includes guidance on how stakeholders can participate in the programs. Click here to view the FAQ.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides robust temporary funding for STC programs to help businesses avoid layoffs and reduce payroll costs during the economic downturn caused by the COVID-19 pandemic. NMMA encourages all affected members to consider if STC programs are appropriate for their business.