|The Chamber has launched a virtual portal for employers to submit questions relating to COVID-19 and its impact on business. Responses are posted at madisonbiz.com/covid19faq.
Submit questions about the CARES Act, Gov. Evers' "Safer at Home" order, availability of assistance for your business and more 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 email@example.com.
Good evening --
Here are the latest updates on the COVID-19 outbreak and our organizational efforts to inform and ensure an effective community response:
LUNCH(UP)DATE ON PAYCHECK PROTECTION PROGRAM
Eric Ness, the top-ranking official for the U.S. Small Business Administration (SBA) in Wisconsin, will address the ins and outs of the Paycheck Protection Program (PPP) and other federal relief measures during our next Lunch(UP)date this Thursday, April 9, when you can take a break and enjoy lunch while staying connected, curious and informed.
The PPP is a new $350 billion program designed to incentivize small businesses to keep their workers on payroll by providing loans of up to $10 million for payroll and certain other expenses. Interest in the PPP, Economic Injury Disaster Loans and related relief programs is extraordinarily high, so the Chamber and gener8tor are urging small businesses not to wait to contact their preferred lenders.
Why wait? Register now for this event. If you have questions for the SBA or the Chamber, please submit them in advance to firstname.lastname@example.org.
Additional SBA information about the PPP can be found here. More information about gener8tor's Emergency Response Program can be found here.
VIRTUAL INDUSTRY MEETINGS
Today, the Chamber hosted the first in a series of Virtual Industry Meetings, where leaders from specific industries can convene to assess current needs for their business and share projections for the three phases of responding to the COVID-19 outbreak: relief, reopening and recovery.
In today’s meeting focused on banking and finance, industry leaders said many resources are being dedicated to the Paycheck Protection Program. They are also advising customers on the Economic Injury Disaster Loan program, which they say is often overlooked but still beneficial. They are standing up systems to meet significant demand, although more guidance is needed and expected for lenders this week from the SBA.
Attendees said their businesses are adapting to remote work and planning for a period of reopening that adjusts for social distancing. Despite liquidity challenges, our financial service leaders are taking their designation as an essential industry seriously and committing their full resources to providing relief and support to Greater Madison businesses.
REP. POCAN TELE-TOWN HALL
U.S. Rep. Mark Pocan is hosting a district-wide Tele-Town Hall this Thursday, April 9, at 7:00 p.m. to hear from Second District constituents and provide the latest updates on congressional efforts to combat the COVID-19 outbreak. After brief remarks, Rep. Pocan will hold a live Q&A with attendees.
To join the meeting, call 833-738-0062. No PIN is required.
For a full archive of previously shared resources, visit madisonbiz.com/covid19.
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