While it is obvious to industry observers that unemployment is up dramatically in Elkhart County since the COVID-19 crisis forced the closure of many RV plants, the official unemployment numbers for the past three weeks makes the full extent of that reality crystal clear.
The Federal Reserve yesterday acted to provide up to $2.3 trillion in loans to aid the U.S. economy by assisting businesses of all sizes.
Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the fourth quarter of 2019, according to statistics released today by the U.S. Bureau of Economic Analysis.
The first wave of RV dealers to apply for forgivable SBA loans under the CARES Act’s Paycheck Protection Program have begun getting their checks.
While previous recessions have hit Elkhart hard, the RV capital might be uniquely positioned to weather the COVID-19 downturn better than other cities.
Eligible businesses can apply for Paycheck Protection Program small business loans to cover qualified payroll costs including rent, utilities and interest on mortgage and other debt obligations.
On Friday, March 27, the U.S. House of Representatives passed a “Phase 3” economic stimulus package: the Coronavirus Aid, Relief and Economic Security (CARES) Act.
On March 26, the Office of the U.S. Trade Representative (USTR) will publish its latest announcement of a new round of exclusions covering a broad range of products on List 3 of the Section 301 tariff action.