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Employee Retention Credit (ERC) 

 Background on the Employee Retention Credit (ERC) 

The U.S. government set up the ERC to help those businesses that maintained employees during the Covid-19 pandemic. 

The ERC is a grant, not a loan that a business can claim. It was established by the CARES Act and is based on W-2 wages paid to employees. 

  • Credits of up to $26,000 per employee 
  • Available for wages paid in 2020 and 2021 
  • Qualify with decreased revenue or affected by government mandated restrictions 
  • For companies where less than 500 employees work more than 30 hours per week 

How do you know if your business/organization qualifies? 

You most likely qualify if you meet any of the following criteria. 

  • Gross revenues are down 20% for one quarter in 2021 vs 2019 
  • Gross revenues are down 50% for one quarter in 2020 vs 2019 
  • The government forced you to close or limit your business (for example restaurants) 
  • The business was established after 2/15/2020 
  •  PPP loans do not disqualify eligibility 

How to apply? 

For more information on the ways to apply, contact Seth Woodard with the Office of Senator Don Davis. 





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