Business Related Resources
Official Federal website for Coronavirus (COVID-19) information from the White House, CDC, and FEMA.
The U.S. Senate Committee on Small Business and Entrepreneurship released a Small Business Owners Guide to the CARES Act. That document can be found here.
Additional, below are some media resources that are providing a summary of the CARES Act's Paycheck Protection Program:
The Payroll Protection Program is administered by the U.S. Small Business Administration under its 7(a) loan program.
The U.S. Treasury Department has released information on the Paycheck Protection Program that prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion towards retention and certain other expenses.
The information below was taken from their high level overview PDF linked on their site.
SMALL BUSINESS PAYCHECK PROTECTION PROGRAM
The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.
Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.
Must Keep Employees on the Payroll—or Rehire Quickly
Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.
All Small Businesses Eligible
Small businesses with 500 or fewer employees—including nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors— are eligible. Businesses with more than 500 employees are eligible in certain industries.
When to Apply
Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. We encourage you to apply as quickly as you can because there is a funding cap.
How to Apply
You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating. All loans will have the same terms regardless of lender or borrower. A list of participating lenders as well as additional information and full terms can be found at www.sba.gov.
The Paycheck Protection Program is implemented by the Small Business Administration with support from the Department of the Treasury. Lenders should also visit www.sba.gov or www.coronavirus.gov for more information.
Notice: Lapse in Appropriations
SBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.
Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.
Information about the SBA's Disaster Assistance in Response to the Coronavirus.
How to apply:
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela.
Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email email@example.com for more information on SBA disaster assistance.
Individuals who are deaf or hard of hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus. This page will be updated as new information is available.
Highlights from page
Economic Impact Payments:
Tax Deadline Changed:
The deadlines to FILE and PAY federal income taxes are extended to July 15, 2020
Some of the information available from the U.S. Department of Labor includes for the following topics:
Wages, Hours, and Leave
Unemployment Insurance Flexibilities
Support for Dislocated Workers and States
Supporting Workforce Needs in the Agricultural Sector
In addition, all news and press releases from the U.S. Department of Labor are on this page.
If you are still open on April 1, you must post this poster in your workplace.
The Wage and Hour Division of the U.S. Department of Labor released this information as well regarding the Families First Coronovirus Response Act (FFCRA).
This is a link to the CDC's website that detail interim guidance for businesses and employers.
Information provided here includes:
Recommended strategies for employers to use now
Planning for a possible COVID-19 Outbreak
Important considerations for creating an infectious disease outbreak response plan
Links to several informational websites including the CDC's COVID-19 Website
The U.S. Chamber is working closely with the White House, U.S. government agencies, and foreign government officials to inform and equip businesses with the most important and up-to-date information to prevent the spread of the virus and prepare businesses for the near and long-term impact. Visit our live blog for the latest updates.
This page includes:
Resources for Businesses
Help for Small Businesses
The U.S. Chamber has also developed a Small Business Guide and Checklist for Coronavirus Emergency Loans. You can download a copy by clicking the image below.
Save Small Business Grant
The U.S. Chamber of Commerce has launched the Save Small Business Initiative and will be awarding $5,000 grants for business expenses.
Go to https://savesmallbusiness.com/ and fill in your email address to be notified when the application is available as of Monday, April 20th at 3pm ET.
TO QUALIFY YOU MUST
Employ between 3 and 20 people
Be located in an economically vulnerable community (30736, 30742, 30741 zip codes are all included)
Have been harmed financially by the COVID-19 pandemic
Fill out the short application (10 minutes) as of 4.20.20
Healthcare Related Resources
Official Federal website for Coronavirus (COVID-19) information from the White House, CDC, and FEMA.
This page contains information on how to protect yourself and what you should do if you are sick. It includes symptoms of the virus and ways you can take extra precautions during this time.
In addition, steps you can take in order to slow the spread, prevent yourself from getting sick and frequently asked questions about the virus are found here.
The Occupational Safety and Health Administration (OSHA) developed this COVID-19 planning guidance based on traditional infection prevention and industrial hygiene practices. It focuses on the need for employers to implement engineering, administrative, and work practice controls and personal protective equipment (PPE), as well as considerations for doing so.
This guidance is not a standard or regulation, and it creates no new legal obligations. It contains recommendations as well as descriptions of mandatory safety and health standards. The recommendations are advisory in nature, informational in content, and are intended to assist employers in providing a safe and healthful workplace.
This is a rapidly evolving situation and CDC will provide updated information and guidance as it becomes available.
The link above will take you to the latest updates from the CDC which includes current recommendations, emergence of COVID-19, severity of the virus, risk assessments, and more.
The World Health Organization (WHO) is providing daily situation reports on COVID-19. Reports dating back to January 21, 2020 are cataloged here and each day the report is updated.
These WHO reports contain information on any new countries that report cases as well as a chart by region of total confirmed cases, total new confirmed cases, total death, total new deaths, transmission classification, and days since the last reported confirmed case for each country or territory.
The Center for Systems Science and Engineering (CSSE) at Hopkins University have developed a global tracking system of the reported COVID-19 cases.
It includes charts and graphs for both cumulative confirmed cases and active cases.
The COVID Tracking Project collects information from 50 US states, the District of Columbia, and 5 other US territories to provide the most comprehensive testing data we can collect for the novel coronavirus, SARS-CoV-2. They attempt to report positive and negative results, pending tests, and total people tested for each state or district currently reporting that data.
Economic Development Resources
The U.S. Economic Development Administration (EDA) is a bureau within the U.S. Department of Commerce.
The link above provides an overview of EDA's role in disaster recovery and includes information for economic recovery support functions and post-disaster economic recovery resources,
The International Economic Development Council (IEDC) is an international economic development membership organization. This page includes several links including the following recorded webinar:
In addition, IEDC launched RestoreYourEconomy.org. This website contains information on a variety of topics includes economic development programs for disaster recovery and information on the Federal COVID-19 Stimulus Bill
The Southern Economic Development Council (SEDC) is a regional professional development association for Economic Development Professionals.
SEDC has launched a Resources for Businesses page which includes news, tips on working remote/home, federal organization information on COVID-19, and state specific information tools.