Disasters/Relief

“I see this recognition as an honor that belongs to all of you who have embraced Binc’s mission and made Binc your foundation,” French said. 

On Sunday, December 20, Congress struck a deal on a $900 billion COVID-19 relief bill. Here are some of the main takeaways for booksellers.

The Book Industry Charitable Foundation is aiming to raise $80,000 by December 31.

Supported by a group of authors, Binc is launching a new matching campaign and a stretch goal of an additional $20,000, for a new total campaign goal of $80,000 by December 31.

In the first 10 months of 2020, Binc helped more than 600 bookseller/comics retailer families, distributing more than $700,000. Comparatively, in the first 10 months of 2019, 88 grants were given totaling approximately $200,000.

Featuring an assortment of gifts, the guide includes items that give back to Binc and therefore support booksellers in need.

As the COVID-19 outbreak continues to have a significant impact on small businesses, booksellers should revisit ABA’s archive of information for steps to take now and resources for reopening.

PPP borrowers of $50,000 or less are now exempt from any reductions in forgiveness due to reductions in full-time-equivalent employees and reductions in employee salary or wages.

The Book Industry Charitable (Binc) Foundation may be able to help owners or employees with personal household expenses related to the wildfires in the western United States. 

For the extension to go into effect, the U.S. House of Representatives would need to pass the legislation and send it to President Trump for his signature.