COVID-19 Updates for Businesses
This page is updated regularly, as we glean more information. We welcome feedback and input (firstname.lastname@example.org).
Operations & Workplace
Resiliency & Informational Resources
6/10- Added "How to Lower the Risk of Contracting COVID-19"
5/21- Added "Construction COVID-19 Plan Sample" and "Construction COVID-19 Required Posting". Note that this is in addition to regularly required postings, which may be found here.
5/16 - Added "PPP Forgiveness Application"
5/14- Added "Phase 2 Personal Services Operational Requirements" and "Safe Start Plan and Reopening Guide"
5/13- Created "Reopening Resources" Section and added "Retail Operations Requirements"
5/12 - Added "COVID Signs for Staff & Customers"
5/5- Added "Back to Work Toolkit" to General and "PPP FAQ's" to funding resources
Payroll Protection Program updates
On Friday, March 27, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. The $2.2 trillion stimulus package aims to provide comprehensive relief to individuals and businesses following the unprecedented impact of COVID-19 on our economy and our communities.
Who is this for?
- The Paycheck Protection Program of the CARES Act provides relief primarily to businesses and nonprofits with up to 500 employees.
- To be eligible, a business must have been substantially impacted by COVID-19 and in operation as of February 15, 2020.
- Business must certify that the funds will be used for approved purposes and that they are not receiving assistance for these items from another source
- Available relief funds equals 2.5 x monthly payroll.
- PPP funds must be used within 8 weeks of issuance and use to cover payroll costs, mortgage, rent, and utilities to qualify for forgiveness.
- PPP funds require no collateral, guarantee or application fee
Banks are administering the Paycheck Protection Program (PPP). Below is a quick list of things you can be doing now to be prepared:
- CONTACT YOUR BANKER
- Calculate your eligible monthly payroll, includes wage/salary and employer-paid health insurance (last 12-month period divided by 12 = 1 month):
- Determine which employees are paid more than $100,000 per year (PPP payroll cap)
- Calculate the total payroll for employees paid during the applicable base period, excluding amounts paid above a prorated annual salary of $100,000.
- Gather documentation on your business’s:
- Payroll (IRS Form 941)
- Utility payments for the previous 12-month period
The Chamber of Commerce realizes that restaurants are not the only businesses suffering as a result of the pandemic. We want to acknowledge every business's response. We are encouraging all businesses to update their listings with their own response, hours, etc. Not sure how? Follow this link for detailed instruction.