During this time of uncertainty, The Chamber’s Public Policy team will continue to provide you with the most up to date state and federal information that you can use right now for your business and your employees. There are a number of proposals in both Harrisburg and Washington to implement funding solutions for businesses. We thank our public officials for recognizing that businesses need immediate assistance as you work to stay above water and be helpful to your employees. We continue to be in daily communication with our legislative leaders and staff to monitor progress and will update you immediately on results from which you may be able to benefit. Please contact us (contact information at the bottom of this email) with any questions you may have and we will be back to you ASAP. Thank you, Michelle
In response to the Coronavirus, Congress has passed and President Trump has signed a $2.2 Trillion relief package with $350 million being targeted specifically to small businesses. The money is to be used to keep workers employed amid the pandemic and economic downturn. Known as the “Paycheck Protection Program,” the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.
The Greater Lehigh Valley Chamber of Commerce is here to work with you and answer questions you may have on the numerous programs and guidelines. If we can’t answer it, we will find you the answer. We know you are being inundated with emails and it becomes quite confusing for all of us. The Chamber’s Public Policy team focused on sorting through to provide you with the most updated information in the most expedient manner and the most important links available at this time to you, our members. The NEW Stimulus Bill —How Can It Help Your Business? (Coronavirus Aid, Relief, and Economic Security (CARES) Act) Congress has approved $350 billion in emergency loans for small businesses to help keep their workers employed. In fact, if small businesses maintain or later restore their payrolls, they may not have to repay some — or possibly any — of the loan.
Paycheck Protection Program Q&A for employers (file above)
What Coronavirus Emergency Loans are Available? Click here to find out.
For a list of the most updated list from the Governor’s office of Life-Sustaining and Non-Life-Sustaining businesses, click here. (Last updated on Tuesday 3/24 at 2:30pm)
To apply for a waiver to keep your business open, click here.
New loan program (up to 100,000 per business available) approved in Harrisburg today for small businesses impacted by COVID-19 under the Pennsylvania Industrial Development Authority’s (PIDA) Small Business First Fund, the COVID-19 Working Capital Access Program (CWCA). For information, click here.
If you own a business and had to close either temporarily, consider layoffs or believe you are financially at-risk for permanent closure the Rapid Response Assistance Program is available to you and your employees: RA-LI-BWPO-Rapid@pa.gov
SBA Offers Daily Disaster Loan Training Webinars for Small Business. Click here for information.
Thursday, March 26: 9:00-10:30: SBA Disaster Loan Webinar and Pennsylvania State Financing Programs to help Small Businesses with COVID 19. Clickhere!
Friday, March 27: 9:00-10:30: SBA Disaster Loan Webinar and Pennsylvania State Financing Programs to help Small Businesses with COVID 19. Click here!
You are hearing much about financial assistance coming from our federal leaders. As soon as information is finalized, we will get it out to you asap!
March 24, 2020
PA Governor Tom Wolf has released an updated list of business types that may continue physical operations, in relation to the Governor's Executive Order mandating closures for COVID-19 mitigation.
Governor’s list (UPDATED: Friday, 3/20) of life-sustaining and non-life sustaining businesses: https://bit.ly/33D4Jhm
March 20, 2020
PA Governor Tom Wolf mandated that all non-life-sustaining businesses close their physical locations. The governor is granted extraordinary powers upon his declaration of a disaster emergency, such as COVID-19. To view the governor's list of non-life-sustaining vs. life-sustaining businesses, click here. (In extenuating circumstances, special exemptions will be granted to businesses that are supplying or servicing health care providers.) Failure to comply with these requirements will result in enforcement action that could include citations, fines, or license suspensions. Enforcement Actions for Non-Compliance will Begin at 12:01 a.m. Saturday, March 21. If you would like to seek a waiver for your business, at this time the process available is to email: RAemail@example.com. If you would like to contact the Administration with questions about whether you need to close your business, the process provided is to email: firstname.lastname@example.org Help for you available as of this morning:
Yesterday afternoon, the SBA (Small Business Administration) extended its approval of disaster loan assistance to ALL PA Counties. Click here.
State officials announced $61 million is now available through the Small Business First Fund for working capital loans of up to $100,000 directly to small businesses. The current interest rate is 3% but we are told that may be adjusted. The PA Industrial Development Authority expects that applications will be accepted as early as next week. The Small Business First Fund is administered by certified economic development organizations (CEDO) in each county. Click here to find your CEDO.
March 19, 2020
A lot happened last night!
President Trump signed an emergency relief package [Families First Coronavirus Response Act] providing funding and other changes to law to assist the Nation responding to COVID-19. Key elements of $100 billion, bi-partisan bill are: paid emergency leave to workers, provisions for free coronavirus testing and bolstered unemployment benefits. More details to come…
The SBA (Small Business Administration) approved areas of PA for disaster loan assistance. At this time Monroe and Northampton Counties are listed as approved. We will keep you updated as our other counties are approved. (See More)
State officials announced $61 million is now available through the Small Business First Fund for working capital loans of up to $100,000 directly to small businesses. The current interest rate is 3% but we are told that may be adjusted. This funding will be administered through PIDA (PA Industrial Development Authority). PIDA expects that applications will be accepted as early as next week. (See More)