Most Recent

May 13, 2020
An Update from NAW Government Relations Team - 5.13

The Treasury Department and Small Business Administration have significantly re-written the PPP loan criteria, in an attempt to discourage companies that they believe were not intended to benefit from the program from applying for and/or getting loans. In their ever-changing FAQ they provided a “sa

May 12, 2020
An Update from NAW Government Relations Team - 5.12

While there is still no official word from the Fed on when the MSLP will be operational, comments made during a virtual Senate Banking Committee hearing this afternoon are not encouraging. In exchanges with Banking Committee members, Fed Vice Chairman and head of the Banking operations Randal Quarl

May 12, 2020
An Update from NAW Government Relations Team - 5.11

As we have reported several times, there has been significant controversy on the implementation of the PPP, with the frequently changing rules and FAQs. Among the most controversial issues was the SBA Administrator’s decision to require borrowers to spend at least 75 percent of their PPP loan on pa

May 12, 2020
An Update from NAW Government Relations Team - 5.8

The Wall Street Journal reports today that nearly two weeks later, more than 40% of the money remains available, according to figures released late yesterday by the Small Business Administration. It took less than two weeks for the initial round of roughly $350 billion to be depleted, and that was

May 11, 2020
Supporting Your Executive Workforce

Having been a student of the North American Wholesale Lumber Association (NAWLA) Executive Management Institute (EMI) 20-plus years ago, I can attest to the value of this unique course. The binder from the course I attended in 1997 – and the insight I gained – have accompanied me throughout my

May 08, 2020
Creating a Workforce That Sticks With You

According to a 2018 Salary.com survey, the manufacturing & distribution industry has a retention rate of 80%, which puts it above industries such as hospitality and healthcare. That and similar studies find companies that retain motivated employees are able to reduce expenses and boost productivity

May 08, 2020
An Update from NAW Government Relations Team - 5.7

As of today – yet again – no MSLP launch date has been announced. We will continue to monitor the Federal Reserve for information and provide you with any relevant and timely updates.

Latest on the Paycheck Protection Program

Last week, the IRS issued guidance that prevents businesses from deduct