Here’s What Tech Businesses Need to Know about the CARES Act

CompTIA’s Advocacy team analyzed the CARES Act Federal Stimulus package and identified the 10 pieces that all tech businesses need to know.

CARES Blog headerIn response to COVID-19 and the economic impact it is having on our country, the U.S. government has passed a sweeping $2.2 trillion economic stimulus package to help offset the devastating effects of the current downturn. Known as the CARES Act, the package includes $500 billion in assistance for distressed companies, $350 billion in loans for small businesses, $1,200 for low- and middle-income American workers, and more. CompTIA’s Advocacy team analyzed the package and identified the top 10 pieces that all tech businesses need to know, including:  

  • SBA Paycheck Protection Program
  • SBA Economic Injury Disaster Loan (EIDL) Program
  • Federal Reserve loans for larger businesses
  • Payroll tax credit for impacted employers
  • Paid family, medical and sick leave
  • Broadband deployment funding
  • Education funding
  • Other federal IT funding
  • Direct aid to states
  • Individual rebates and expanded unemployment
Download the PDF now.
CARES Act Federal 10 Things Tech Businesses Should Know

For more COVID-19 resources for tech companies, visit CompTIA’s COVID-19 Forum.

Leave a Comment