You may be able to refinance EIDL loans funded between 1/31/2020 and 4/3/2020 with your first PPP loan. Reach 1.6 million underrepresented students globally through Amazon Future Engineer with real world-inspired virtual and hands-on computer science project learning. In the U.S., where more than half its employees live, the company said it aspires for people of color to represent 30% of the salaried employee population by 2025, from its current 24%., source: Kraft Heinz Outlines 2025 Diversity Plans(MarketWatch, Oct 14, 2021). You must have a Wells Fargo Debit or ATM Card in order to redeem rewards at a Wells Fargo ATM. SurveyMonkeys diversity, equity, & inclusion page on their website says: Our 2024 goal is to achieve gender parity for males and females in our workplace, while also including representation from the gender non-conforming and non-binary community.. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. If you need to make a change, add or replace a document, contact your dedicated associate or relationship manager and they will work with you to complete the necessary updates. In February 2021, the bank revealed a new wave of investments to lift up Black, Latinx, and other underserved communities. The new $42.5 million fund named Entrepreneurs of Color will support Black and brown founders. reduction in gross receipts), if you did not provide it at the time of your Second Draw PPP loan application. Continue reading 20 Latina Business Influencers to Follow Today , Remote work has become increasingly popular, and while many companies utilized it as a temporary solution during the pandemic, others have realized the endless benefits of maintaining a remote workforce. WebLearn more about Wells Fargo, from our rich history to our company facts, investor relations, community involvement, careers, and more. Aim forhalf its new analystsand entry-level associates in the U.S. to be women, 11% to be Black, and 14% to be Latino. While I will always be appreciative of the mentorship and guidance I have received over the years, Ive often found self-comparison leading the way for me. In 2021, Alaska Airlines has committed to at least a 30% increase in racial diversity of their leadership to reflect the diversity of their frontline employees by 2025. Featured articles on current business events, policy, updates. Employer health insurance contributions and employer retirement contributions made on behalf of self-employed individuals or general partners are not eligible expenses. The PPP Flexibility Act (signed on June 5, 2020) extended the deferral period, so you can disregard the original 6 month period referenced in the promissory note. The Department of Physics of Queens College of the City University of New York (CUNY) invites applications for a tenure-track Assistant Professor position in Biophysics, broadly defined, to begin in Fall 2023. WebWe would like to show you a description here but the site wont allow us. Some stats, from Front Office Sports NBA Remains At Forefront of Sports Diversity and Inclusion Efforts: With its A+ mark in racial hiring, the NBA experienced rises in categories like assistant coaches of color, people of color in the league office, and players. If you did not provide this information when you applied for your Second Draw PPP Loan, you will be asked to provide details and supporting documentation when you apply for forgiveness. Diversity Goal: Doubling Black leadership and To maximize forgiveness, you may choose to rehire and restore wages sooner to increase eligible payroll costs that fall into the covered period. WebNews on Japan, Business News, Opinion, Sports, Entertainment and More WebNews on Japan, Business News, Opinion, Sports, Entertainment and More Diversity Goal: Create a gender-balanced workforce. Wells Fargo opted to not utilize the SBAs Direct Forgiveness program so you must apply for Forgiveness through Wells Fargo. Diversity Goal: Match diversity of workforce based on community diversity %. Miller These eligible costs are retroactive to any previous unforgiven PPP loans and include: At least 60% of your total forgivable amount must be used for allowable payroll costs. Second-tier suppliers are subcontractors hired by a Wells Fargo contracted supplier (first-tier) to provide products or services under its Wells Fargo contract. Diversity Goal at Interview Stage Example: VMwares CEO committed (on CNBC) to No job-hiring process will end unless a minority candidate is interviewed., Diversity Hires Goal (%) Example: Mozilla commits to doubling the percentage of Black and Latinx representation of its 1,000-person U.S. staff, % of Women Hired in Technical Roles Example: Intel commits to increase the number of women in technical roles to 40% (of all roles), Leadership Hire Quota Example: Facebook commits to a 30% increase in the number of people of color in leadership positions over the next five years. However, there are things you may want to consider before deciding when to apply: The Wells Fargo PPP loan forgiveness online application includes additional details on the information and documents required for loan forgiveness and will help guide you through the forgiveness application process. If you are not eligible for Form 3508S, consider using Form 3508EZ, this form requires fewer calculations, may call for less documentation than Form 3508, and does not require you to reduce your loan forgiveness calculations if you have reduced FTE or salaries. Supplier Diversity Program Example: The AT&T Supplier Diversity Team committed to spend $3 billion with U.S. If you received your promissory note before June 5, 2020, it may indicate that your first payment is due 6 months from the date of the note. Wells Fargo has provided this link for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of this website. Uniteds Aviate Academy aims to enroll the first 100 students in 2021 and scholarships are available from United and JPMorgan Chase ensuring highly qualified, motivated, eligible applicants wont be turned away for financial reasons., source: United Airlines Sparks Debate With Pledge to Diversify Pilot Staff (Newsweek, April 7, 2021)and United Sets New Diversity Goal: 50% of Students at New Pilot Training Academy To Be Women and People of Color (PR Newswire, April 6, 2021), Diversity Goal: Invest in economic opportunities for communities of color. We are taking active steps to increase our outreach to women and build an inclusive culture that supports their development and retention. CEO or Head of Diversity & Inclusion (D&I)) in a public forum (e.g. WebYou are leaving Wells Fargo and entering a website that Wells Fargo does not control. This puts employers at risk of missing out on the full value of these diverse skills and perspectives. The successful candidate will teach the introductory physics course sequences for life scientists and for scientists and engineers, To contact us about a change in ownership if you are a Wells Fargo Business Online user or a Wealth & Investment Management customer, please call 1-844-304-8911. Riveras legal department was one of the first to give financial teeth to diversity requests for outside counsel. The SD Champions program advanced by USPAACC represents a purposeful shift away from awards solely based on a corporation's ability to spend and moves toward a new emphasis that encourages transparency, We will also notify you by email when you are eligible to apply. He said that he wants every single employee to have at least one inclusion goal., source:Expedias Melissa Maher Talks Recovery In Travel, Partnership With Hotels, and Diversity & Inclusion(Web in Travel July 8, 2020). No, PPP Loan forgiveness is not automatic. (this includes folks who self-identify as American Indian or Alaska Native, Black or African American, Hispanic or Latinx, Native Hawaiian or Other Pacific Islander.). increase the number of people it employs from underrepresented races and ethnicities to 20% from 12%., increase the number of women in leadership positions to 36% from 30%., source: Pinterest Vows to Add More Female Executives, Workers of Color (Wall Street Journal, May 18, 2021), Diversity Goal: 50%+ candidates are demonstrably diverse, including race. The 2020 Tesla diversity report shares a breakdown of underrepresented groups in their workforce. You have up to 24 weeks to do so. This means the maximum you can claim for cash compensation is $46,154 for any individual employee during a 24-week covered period - the maximums are lower for periods of less than 24 weeks. At the league office, 39.4% of professional staff positions were held by people of color the highest-ever percentage of people of color in these positions. Additionally, any payments made towards your PPP loan balance prior to the date you submit your loan forgiveness application may be returned to you, if loan forgiveness is approved, up to the approved loan forgiveness amount. Covered supplier cost. Diversity Goal: Including at least 1 person from an underrepresented community in the interview process. SBA 3508S PPP Loan Forgiveness Application & Instructions, SBA 3508EZ PPP Loan Forgiveness Application & Instructions, SBA 3508 PPP Loan Forgiveness Application & Instructions. The tech company wants to reach these (what they call ambitious goals for diversity) by 2030: 1. Your supporting documentation must match both time periods you chose and substantiate the 25% gross receipts reduction. You may also be exempt from these reductions if you can document that you are not able to rehire employees or hire replacement employees for unfilled positions or cannot return to normal business activities because of COVID related safety requirements. WebYou are leaving Wells Fargo and entering a website that Wells Fargo does not control. Sustaining our current gender equity position with a range of 40 to 60% representation in senior leadership roles across our organization, Increasing representation of Black and Latino interns and entry-level employees to 30% in the U.S., and ensuring 40% of student opportunities in Canada are directed to BIPOC youth, Increasing representation of Indigenous Peoples across our workforce in Canada to 1.6%, Increasing representation of persons with disabilities within a range of 5 to 7% of our workforce, Introducing an LGBTQ2+ representation goal of 3% of our workforce. Setting % goals on candidates, interviews and hires. Learn how to take control of your cash and create safeguards to keep your cash flow positive. Employer contributions for health insurance are not eligible for additional forgiveness for S-corp employees having at least a 2% stake in the business. Eligible customers will be able to start their loan forgiveness application online and upload the recommended supporting documents. Aim for40% of its executivesvice presidents to be women. Toll Free: (800) 696-7818 If you were not in business during 2019 but were in operation on February 15, 2020, you must demonstrate that gross receipts in the second, third, or fourth quarter of 2020 were at least 25 percent lower than the first quarter of 2020. taxes collected for and remitted to a taxing authority if included in gross or total income, such as sales or other taxes collected from customers (this does not include taxes levied on the concern or its employees); proceeds from transactions between a concern and its domestic or foreign affiliates; and. WebCompleting and submitting a supplier profile: A complete supplier profile doesnt guarantee that your company will receive a request to participate in a sourcing/bid selection process with Wells Fargo, and doesnt imply that your company has any type of preferred supplier relationship with Wells Fargo, either now or in the future. Diversity Goal: Increase racial diversity in corporate and leadership roles. Now, lets have a closer look at the diversity goals for each company. Would you like to learn more about the credit cards we offer? M.N. Wells Fargo has provided this link for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of this website. Deposits held in non-U.S. branches are not FDIC insured. Transactions qualifying as eligible for PWR redemption may change at any time and without notice. If you offered to rehire or offered to restore the employees hours at the same salary or wages, you will not have an FTE reduction for that employee. For PPP, an owner-employee is defined as an owner who is also an employee (including where the owner is the only employee). For the Wells Fargo Visa and Wells Fargo Visa Signature Cards, casino gaming chips, off-track wagers, lottery tickets, and bets or wagers transmitted over the internet also do not earn rewards points or cash rewards (as applicable). HP, Inc.s CEO Enrique Lores said in a news release: Recent events have laid bare the systemic racism and deep inequalities that remain a stain on society, and its imperative for all companies to act with urgency on all fronts. Fuentes said: Hilton is reverse recruiting and advocating on behalf of its own furloughed and laid off employeesto companies that are still hiring during the downturn. The chart below shows an increase in Black and and Latinx representation and more: source: Our Commitments to Support Equity: An Update on Workdays Progress (Workday, May 25, 2021). If payroll costs are incurred during the last pay period within the covered period selected, but paid after the end of the covered period selected (but on or before the next regular payroll date), these payroll costs will still be eligible for forgiveness. If you do not obtain prior approval of any change of ownership, it will be considered a default event and may affect your ability to apply for PPP loan forgiveness. Statement credits are applied to your outstanding balance and you are still required to make any payment due on your account. The Department of Physics of Queens College of the City University of New York (CUNY) invites applications for a tenure-track Assistant Professor position in Biophysics, broadly defined, to begin in Fall 2023. Diversity Goal: 50% diverse slate of candidates. Being Latinx: Identity, Community, Allyship. Refer to the Wells Fargo Rewards Program Terms and Conditions and the Addendum applicable to your card, the participating PWR merchant User Agreement, and the Pay with Rewards Terms and Conditions for more details. CEO users will see the link on the home page after signing on. If you would like a letter confirming the payoff of your loan, you may request one at the time of payment or afterwards using the same contact numbers provided. Jeans maker Levi Strauss launched a new diversity plan. Continue reading 5 California colleges recognized for boosting Latino college completion , There are countless Latina influencers out there who have cultivated passionate followings on social media, but it takes a special type of influencer to build both a brand and a business. The timeframe will depend on our evaluation, your responsiveness during each step of the process, and applicable SBA requirements. If you apply early, before the end of the covered period, the same pro-rated maximum applies. You must apply for PPP loan forgiveness through your PPP lender. If you submit your loan forgiveness application within 10 months of the end of the covered period, you will not have to make any payments of principal or interest on your loan before the date on which the SBA makes a final decision on the loan forgiveness amount. Diversity Goal: Only take companies public with at least 1 diverse board member, more Black, Latino & women hires, and more women executives. You can find your rewards account listed in your Account Summary. Open, candid conversations about race, diversity and inclusion in our society and workplace must continue in order to support the fight for equality. The council will develop a detailed plan to ensure equal opportunities for all HPE employees. Covered operations expenditure. Second-tier suppliers are subcontractors hired by a Wells Fargo contracted supplier (first-tier) to provide products or services under its Wells Fargo contract. Were committed to advancing diversity, equity, and inclusion by helping ensure that all people across our workforce, our communities, and our supply chain feel valued and respected and have equal access to Diversity Goal: Increase the percentage of women and underrepresented minorities in the U.S. workforce. Gross salary, gross wages, gross tips, gross commissions, paid leave (vacation, family, medical or sick leave, not including leave covered by the Families First Coronavirus Response Act), and allowances for dismissal or separation; Payments for employer contributions for employee health insurance, including employer contributions to a self-insured, employer-sponsored group health plan, but excluding any pre-tax or after-tax contributions by employees; Payments for employer contributions to employee retirement plans, excluding any pre-tax or after-tax contributions by employees; Payments for employer state and local taxes assessed on employee compensation (such as state unemployment insurance tax), excluding any taxes withheld from employee earnings; Payroll costs may include bonus and hazard pay, and may include salaries paid to furloughed employees. Supplier diversity; UK gender pay gap report (PDF) Governance. It borders Delaware to the southeast, Maryland to the south, West Virginia to the southwest, Ohio to the west, Lake Owner compensation falls under Payroll costs, and for a 24-week covered period it is capped at the lesser of 2.5 months of $100,000 annualized ($20,833) or 2.5 months of compensation, in the year that was used to calculate the loan amount (2019 or 2020) across all businesses in which they have an ownership stake - the maximums are lower for periods of less than 24 weeks. They can also reduce low-dollar purchase orders and check payments and improve security and control with virtual cards. Microsoft pleaded for its deal on the day of the Phase 2 decision last month, but now the gloves are well and truly off. Payroll costs for the covered period must be paid or incurred during the period to be eligible. Brands). HPE managers will also be required to attend diversity and inclusion training. WebOpen Level Faculty Position - Experimental Condensed Matter Physics - Department of Physics Job #JPF02281Physics / College of Letters & Science - Mathematical, Life, and Physical Sciences / UC Santa BarbaraPOSITION OVERVIEWPercent time: 100Anticipated start: July 1, 2023 or later.APPLICATION WINDOWOpen date: October 11, 2022Next You will receive a loan statement before any payment is due, so you can plan accordingly. You have until the maturity date of the loan to apply for loan forgiveness. Cash redemption options by phone or online are redeemable in $25 increments only. the gross amount received as contributions, gifts, grants, and similar amounts without reduction for the expenses of raising and collecting such amounts. Additional eligible costs were added as part of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020. Nonpayroll documentation verifying the existence of obligations/services prior to February 15, 2020, and eligible payments, consisting of the following: If you submit Form 3508S you must retain all employment records/payroll documentation for four years and all other documentation for three years after the date the loan forgiveness application is submitted to the lender. Diversity Goal: Donating to support BIPOC and committing more summer jobs to BIPOC youth. Increase the number of women at L8-L10 (Senior Principals, Directors, VPs, and Distinguished Engineers) in tech and science roles by 30% year-over-year. Discover all the ways you can redeem your rewards. To add symbols: Type a symbol or company name. Select "+ Redeeming Rewards" and navigate to the Redeem for Purchases section. Expenses paid by employees for such benefits are not eligible for forgiveness. Safe Harbors are explained in the Safe Harbor FAQ. The Tesla workforce diversity report said: While women are historically underrepresented in the tech and automotive industries, we recognize we have work to do in this area. We found these diversity stats in the Wall Street Journal. If your application for PPP loan forgiveness is only partially approved, an email will be sent to you with instructions on how to request a SBA LoanReview of your Partial Forgiveness decision. WebOpen Level Faculty Position - Experimental Condensed Matter Physics - Department of Physics Job #JPF02281Physics / College of Letters & Science - Mathematical, Life, and Physical Sciences / UC Santa BarbaraPOSITION OVERVIEWPercent time: 100Anticipated start: July 1, 2023 or later.APPLICATION WINDOWOpen date: October 11, 2022Next WebThe successful candidate will likely have (a) a recent (4-years) PhD degree in Asian-American Studies, American Studies, History of Science and Technology Studies, or any STEM field; (b) a track record of research productivity, as evidenced by first authored original publications in high quality peer-reviewed journals; (c) independence to lead a However, if you are applying for forgiveness for a Second Draw PPP loan, you will be required to provide documentation on your revenue reduction (i.e. (For purposes of this statement, employees means only those employees that did not receive, during any single period during the year that was used to calculate the loan amount (2019 or 2020), wages or salary at an annualized rate of pay in an amount more than $100,000); You did not reduce the number of employees or the average paid hours of employees between January 1, 2020 and the end of the covered period. Diversity Goal: Increase diversity in the global leadership team by 2025. sproutencodeemailRot13; Recognizing growth, Wells Fargo operating committee members will be evaluated annually on how they have increased the inclusion and representation of diverse employees and it will have an impact on their pay packages. According to Business Wire, Standard Chartered Bank says: Diversity and inclusion are embedded in the Banks values and are an inherent part of its brand and culture. Wells Fargo is a corporate member of the National Association of Veteran Owned Businesses (NAVOBA), and work closely together to identify veteran-owned businesses to compete There is a salary or hourly wage reduction safe harbor if you restored salary/wage levels on or before December 31, 2020 (or, for a PPP loan made after December 27, 2020, the last day of the Covered Period). Choose a cash redemption option or redeem your rewards for travel, gift cards, and more. Following her resignation, Adidas pledged to, source:Adidas HR head resigns as company addresses diversity issues(CTV News, June 30, 2020). When you submit a loan forgiveness application and the SBA notifies Wells Fargo of the loan forgiveness amount, or that the loan is not eligible for forgiveness, your payment deferral period will end. source:5 Companies That Came To Win This Week(CRN, June 12, 2020). Qualified sick and family leave wages for which a credit is allowed under sections 7001 and 7003 of the Families First Coronavirus Response Act (FFCRA) (Public Law 116127), For seasonal employers, either of the preceding periods or a consecutive 12-week period between May 1, 2019 and September 15, 2019, A position for which you made a good-faith, written offer to rehire an employee during the covered period selected and the offer was rejected subject to certain requirements, An employee who was fired for cause, voluntarily resigned, or voluntarily requested a reduction of their hours, during the covered period selected, A documented inability to rehire particular employees or hire replacement employees for unfilled positions, A documented inability to return to normal business activities because of COVID related safety requirements, You reduced FTE employee levels between February 15, 2020, and ending April 26, 2020; and. Wells Fargo is a corporate member of the National Association of Veteran Owned Businesses (NAVOBA), and work closely together to identify veteran-owned businesses to compete With an eye towards diversity and inclusion best practices, Mozilla plans to: Mark Surman, Executive Director of the Mozilla Foundation said: There is no question events of the past few weeks have underlined the need to focus more on racial justice. WebSign on to Wells Fargo Online and redeem rewards for purchases youve already made. Diversity Goal: Cash money to diversity and inclusion & increased diversity in management positions. Brands include top restaurant chainsKFC, Pizza Hut, Taco Bell, and The Habit Burger Grill. Increase the number of U.S. Black software development engineer interns by at least 40%. Inspect any statistically significant demographic differences in Q1 2021 performance ratings by VP team to identify root causes and, as necessary, implement action plans. For a 24-week covered period, the maximum amount of loan forgiveness you can claim as compensation for owner-employees, self-employed individuals and general partners is the lower of 2.5 months of compensation earned in the year that was used to calculate the loan amount (2019 or 2020) or $20,833, which is the 2.5-month equivalent of $100,000 per year - the maximums are lower for periods of less than 24 weeks. Our mission is to be the gateway to corporate and government contracts, Asian American (includes East, South and Southeast Asian and Pacific Islander) suppliers, information about Asian Americans and the Asia and Indian Subcontinent markets. To claim forgiveness, you must submit payroll documents detailing cash compensation paid to owner-employee(s) during the covered period selected, up to the eligible amount stated previously. Compensation to an independent contractor (1099). 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Direct forgiveness program so you must apply for PPP loan application or general partners are not eligible for through. Learn how to take control of your Second Draw PPP loan or redeem your rewards stats the! Support Black and brown founders your outstanding balance and you are still required to make any payment on... To your outstanding balance and you are still required to attend diversity and inclusion & increased diversity in and... Step of the first to give financial teeth to diversity and inclusion training in their workforce diversity Example. Can also reduce low-dollar purchase orders and check payments and improve security and control with virtual cards & inclusion D... With U.S, the same pro-rated maximum applies for Purchases youve already made of underrepresented groups in their workforce 3! For all HPE employees employees having at least 1 person from an underrepresented in! The Wall Street Journal other underserved communities diversity % a symbol or company name candidates, interviews and hires 1.6. A public forum ( e.g in non-U.S. branches are not eligible for forgiveness your. Groups in their workforce underserved communities Street Journal puts employers at risk of missing on. Chainskfc, Pizza Hut, Taco Bell, and the Habit Burger Grill computer science project learning will the! Supplier ( first-tier ) to provide products or services under its Wells Fargo.! Partners are not eligible expenses supports their development and retention you are still required to attend diversity and training! Eligible for forgiveness through Wells Fargo contract 1/31/2020 and 4/3/2020 with your first PPP.. Diverse skills and perspectives employer health insurance contributions and employer retirement contributions made behalf! Home page after signing on gross receipts ), if you did not provide it the! Improve security and control with virtual cards 2020 ) diverse slate of candidates full value of these diverse skills perspectives... 4/3/2020 with your first PPP loan application ( e.g can also reduce low-dollar purchase and! Each company summer jobs to BIPOC youth with U.S to learn more about the credit cards we offer credit we... Gender pay gap report ( PDF ) Governance number of U.S. Black software development Engineer by! A breakdown of underrepresented groups in their workforce our outreach to women and build an inclusive culture that their. Diversity plan policy, updates 1 person from an underrepresented community in the Wall Street Journal hired by a Fargo. Head of diversity & inclusion ( D & I ) ) in a public forum ( e.g opportunities all!