On February 5, 2021 Governor Wolf signed into law legislation (Act 1 of 2021) that set aside $145 million in funds to aid hospitality industry businesses most adversely affected by the COVID-19 pandemic. For Luzerne County, $3,595,181 in competitive funding is available to Luzerne County hospitality businesses and to cover costs of operating the program.
Act 1 of 2021 requires that counties establish grant programs for eligible businesses through a Certified Economic Development Organization (CEDO) or Community Development Financial Institution (CDFI). Luzerne County has approved CAN DO, Inc. and Greater Wilkes Barre Industrial Fund, the designated CEDO’s for Luzerne County, to administer this grant program. A significant portion of the eligibility criteria and requirements of this program are dictated by what was included in the law and the requirements set forth in the Fiscal Code.
CAN DO announced that Director of Administration Nancy Stasko will retire on March 31 after nearly 26 years of service with the economic development organization.
Stasko, who is the second-longest tenured employee in CAN DO’s history, was hired on April 3, 1995, to serve as administrative assistant to then-President and CEO Kevin O'Donnell and was eventually promoted to Director of Administration.
The Small Business Administration (SBA) reopened the Paycheck Protection Program (PPP) for both First Draw and Second Draw PPP Loans the week of January 11. Applications can be submitted between January 11 and March 31, 2021.
Since the inception of the program, the SBA has made modifications to best assist businesses in continuing need. The following updates had been made to the program: borrowers can determine their preferred loan covered period, between 8 and 24 weeks, to best meet their business needs; in addition to payroll costs, employee benefits, mortgage interest, rent, and utilities, loans will cover additional expenses including operation expenditures, property damage costs, supplier costs, and worker protection expenditures; eligible entities now include 501© non-profits, housing cooperatives, direct marketing organizations, among other types of organizations; and finally, there is greater flexibility for seasonal employees' payroll expenses.