Employers that have been receiving loans under the Paycheck Protection Program from the CARES Act have a lot to think about to make sure that the loan is forgiven.

One key aspect is that the borrower/employer must spend 75 percent of the loan proceeds on payroll.

That becomes challenging when employees have been furloughed or

At a CBIA seminar yesterday where I spoke, several speakers discussed the challenges that exist for companies in these economic times. One CBIA economist projected that the current recession will not bottom out in Connecticut until late summer or fall 2009.

But the times also present opportunities, as well, the speakers said. Indeed, now may be