Pa. Governor Goals for $ 145M Remittance to Assist Enterprise – Enterprise Insurance
Pennsylvania Governor Tom Wolf has initiated a transfer of $ 145 million from the State Employee Compensation Guarantee Fund to distribute to companies affected by the COVID-19 pandemic, the governor's office said in a Declaration on Wednesday with.
The transfer of employee comp funds from the Pennsylvania Insurance Department requires legal approval. The legislature also has the power to enter into grant agreements to distribute the funds to companies.
In the statement, Governor Wolf urged lawmakers to follow suit and mobilize the funds as soon as possible for restaurants, bars, gyms, entertainment venues and other industries hit hard by the pandemic.
The state distributed more than $ 525 million to businesses this year.
Further news on insurance and employee compensation for the coronavirus crisis can be found here.