The Small Business Administration (SBA) released a revised, borrower-friendly PPP loan forgiveness application. The revised application implements the changes found in the PPP Flexibility Act of 2020. For more information about these changes, please see our blog post on the PPP Flexibility Act. In addition to the revised, full forgiveness application, the SBA also released …
Posts Categorized: Economic growth
COVID-19 Resources for California Nonprofits
In addition to the relief provided to nonprofits by the Federal Government, discussed in more detail on our COVID-19 resources webpage and in earlier blogs, Governor Gavin Newsom has unveiled new resources to help small businesses, including nonprofits, in California. Loan Guarantees for California Nonprofits California is allocating $50 million for loan guarantees to small …
Nonprofits Already Hit Hard by COVID-19
Even at this early stage in the COVID-19 pandemic, nonprofits are already reeling from its effects. And they promise to be devastating. It’s too soon to predict the ultimate impact, but it’s a fair projection that economic ruin will fell many organizations – unless they are saved by patrons funders and legislators. Performing Arts Hard …
Nonprofits and the California Economy
Nonprofit organizations have a positive effect on and are a significant part of California’s economy by generating significant revenues and providing jobs.
Current Challenges in the Nonprofit Sector
Nonprofit organizations in the United States constantly struggle with operational and financial challenges. Speculation about the common challenges faced by our nation’s nonprofits is abound, but what do the concrete statistics say? The BDO Institute for Nonprofit Excellence recently released a report from its survey of 105 nonprofits that reveals the current challenges nonprofits are …
Nonprofit Growth Outpaces For-Profits 50:1
Those of us who work in the nonprofit sector sometimes point out that nonprofits employ 10% of the of American workers. But did you know that the growth in nonprofits during the last decade exceeded that of for profits by a ratio of 50:1? According to the Urban Institute, between 2001 and 2011, the number …