Federal rules: Tribal casinos are ineligible for payroll help
April 6, 2020
'Congress said 'any' small business can get paycheck protection for its people, the SBA has no right to say anything less to small tribal gaming businesses' * Updated 12 MST
President Donald Trump has been clear about the economic impact of the coronavirus pandemic.
"The Treasury Department and Small Business Administration announced further details on the Paycheck Protection Program, which was made possible by the 2-trillion-dollar relief bill I signed into law last week," he said at a White House briefing. "Nearly $350 billion in loans will soon be available through lending partners to help small businesses meet payroll and other expenses for up to two months. These loans will be forgiven as long as businesses keep paying their workers. This includes sole proprietors and independent contractors."
However there remains uncertainty about whether tribal enterprises -- namely casinos that employ less than 500 people -- will even qualify for the program under the Coronavirus Aid, Relief and Economic Security Act (or CARES act).