The Chamber has a virtual portal for employers to submit questions relating to COVID-19 and its impact on business. Submit questions by visiting Slido.com and entering the event code #ASK4BIZ (or simply click here to go directly to the page). Questions can also be submitted via email at ask@madisonbiz.com. Responses are posted at madisonbiz.com/covid19faq.
Good evening --
Here are the latest updates on our organizational efforts to inform and ensure an effective community response to COVID-19.
Today's highlights include a preview of this week's Advocacy in the A.M., the reopening of the Shuttered Venue grant application portal and the latest vaccine data from Public Health.
ADVOCACY IN THE A.M. – MAYORAL PANEL
Join us this Thursday, April 29, as we bring together Dane County's mayors – Madison Mayor Satya Rhodes-Conway, Middleton Mayor Gurdip Brar, Monona Mayor Mary O’Connor, Stoughton Mayor Tim Swadley, Sun Prairie Mayor Paul Esser and Verona Mayor Luke Diaz – for a virtual Advocacy in the A.M. to address the biggest business challenges from the pandemic and economic opportunities as we accelerate toward Greater Madison's recovery.
Advocacy in the A.M. is part of In Tandem[ic], the new Chamber initiative to provide leadership for businesses, lighting the path forward through the pandemic and recovery.
Register now to join us for this important conversation.
Advocacy in the A.M. is presented by the Steve Stricker American Family Insurance Foundation, with support from American Transmission Company (ATC), Monona Bank, Aberdean Consulting and EZ Office Products.
EIDL SUPPLEMENTAL TARGETED ADVANCES
The U.S. Small Business Administration has launched a new round of Economic Injury Disaster Loan (EIDL) assistance called Supplemental Targeted Advances that will provide $5 billion in additional assistance to one million small businesses and nonprofits that have been most severely affected by pandemic. This is the latest SBA relief program to launch as part of the recently enacted American Rescue Plan Act.
The Supplemental Targeted Advance provides the smallest and hardest-hit eligible businesses with a supplemental payment of $5,000 that does not have to be repaid. Even if you have previously received the original EIDL Advance in the full amount of $10,000, you may be eligible for the Supplemental Targeted Advance if you meet eligibility criteria. The combined amount of the Supplemental Targeted Advance ($5,000) with any previously received EIDL Advance or Targeted EIDL Advance ($10,000) will not exceed $15,000.
The SBA has modified the Targeted EIDL Advance application process to determine if businesses also qualify for the additional Supplemental Targeted Advance. The SBA will contact eligible business entities to apply and applications will be processed on a first-come, first-served basis. To qualify for the Supplemental Targeted Advance, an eligible business entity must be in a low-income community (see shaded areas below for Dane County communities that qualify), have suffered greater than 50 percent economic loss and have 10 or fewer employees.
For more details about the Targeted EIDL Advance and Supplemental Targeted Advance program, visit here.
ORDER #16 COMING NEXT WEEK
Public Health Madison & Dane County Emergency Order #15 remains in effect until May 5 at 12:01 a.m. The Chamber is in contact with Public Health and will share more information about the new order once it becomes available.
DANE COUNTY COVID-19 DASHBOARD
Nearly 58 percent of Dane County residents have received at least one dose of the COVID-19 vaccine, according to the latest data compiled by Public Health Madison & Dane County (PHMDC). More than 41 percent of residents are fully vaccinated.
According to the latest PHMDC data snapshot, Dane County residents are currently receiving their first dose of vaccine at a rate of 2,564 people per day. If the current pace continues, 80 percent of the eligible Dane County population could have at least one dose of vaccine by May 14. Current estimates of herd immunity are between 60 and 90 percent of the total population.
If you haven't been vaccinated yet, you can make an appointment here.
SHUTTERED VENUE OPERATORS GRANT REOPENED
With previous technical issues now resolved, today the U.S. Small Business Administration (SBA) reopened the application portal for the $15 billion Shuttered Venue Operators (SVO) Grant program. The program focuses relief for operators of live venues, live performing arts organizations, movie theaters and others and was included in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act signed into law on Dec. 27.
Eligible applicants may qualify for SVO Grants equal to 45 percent of their gross earned revenue, with $10 million as the maximum amount available for a single grant award. Two billion dollars is reserved for eligible applicants with up to 50 full-time employees.
Funds may be used to cover expenses including payroll and administrative costs, rent and utility payments, and state and local taxes and fees. To be eligible, applicants must have been in operation as of Feb. 29, 2020 and not have received a Paycheck Protection Program (PPP) loan on or after Dec. 27, 2020.
For additional SVO program details, including how to apply and what documentation you will need, click here.
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For a full archive of previously shared resources, visit madisonbiz.com/covid19.
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