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  • ** CORONAVIRUS INFORMATION **

    At ChamberWest we are working to keep businesses informed of best practices when it comes to how to brace for the COVID-19 Coronavirus pandemic that has now hit Utah.  Below are some helpful tips on how to help your business and employees be prepared and to stay as healthy as possible. 

    The SBA has released their latest newsletter that details information about the EIDL loans and other helpful resources.  Click here to read the newsletter.

    In addition, below you will find several links to helpful information.  As new information comes available, we will be updating them as we get them.  Please let us know how your business is doing and what you are experiencing out there in our Chamber. 

  • State of Utah Business Resources

    Stay up to date on what's happening in Utah and what the State of Utah recommendations are to help us effectively respond to the COVID-19 virus.  If you're worried about whether you may have COVID-19, please call the Utah Coronavirus Information Line at 1-800-456-7707.  This website has resources that businesses can find and use to keep their employees safe and the doors open.

  • The SBA is Committed to Supporting Utah Small Businesses

    The SBA has given some helpful links on returning to work: 

    Returning to Work FAQ for Employees

    Returning to Work FAQ for Employers

     

    Here is an update from the SBA on PPP Loans as of 5/8/2020

    Business Owner working PPP

    SBA's goal is to provide transparency in reporting our program performance. To that end, here is a summary of Paycheck Protection Program Round 2 data as of 5:00 p.m. EDT, Thursday, May 7, 2020.

    Lender Size

    Approved Loans       

    Approved Dollars

    >$50B in Assets

    1,173,052

    $98,259,979,555

    $10 B to $50 in Assets

    353,250

     $28,261,999,727

    <$10 B in Assets

    969,070

    $58,894,559,468

    Total:

    2,495,372

    $185,416,538,750

    # of Participating Lenders     

    5,425

    Avg Loan Size: $74,304

    In Round Two of the Paycheck Protection Program (as of April 27 - May 1, 2020), the SBA has guaranteed 2,211,791 loans.

    In Round One of the Paycheck Protection Program, (through April 16, 2020), the SBA guaranteed 1,661,367 loans.

    Follow this link for additional Paycheck Protection Program Performance Info:
    https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program#section-header-11

    Find a PPP Lender

    Paycheck Protection Program FAQs (As of 5/3/2020)

    How to Calculate PPP Loan Amounts (based on Industry)

    Paycheck Protection Program Performance (4/27/20-5/1/20)

    Utah Stands at Almost $3.7 Billion in Loans Approved


    By Marla Trollan

    SBA Utah District Office Director

    SALT LAKE CITY – The U.S. Small Business Administration (SBA) announced April 16 that the allocated funds for the Paycheck Protection Program (PPP) were reserved for as many applications as possible and no further applications could be accepted at this time.

    Unfortunately, applications are no longer being accepted because the initial allotment of $349 billion for the Paycheck Protection Program (PPP) has been exhausted and the SBA will no longer be able to accept new applications until congress appropriates additional funding. 

    Just as the pandemic we are experiencing now is unprecedented, so is this lending program. It is unlike anything the SBA has ever experienced in size, scale and need. Nationally and in Utah, the lending community has stepped up to the challenge, ready or not, and has already processed and approved more SBA loans in less than 14 days than what SBA approved in more than 14 years, saving millions of small businesses in the process.  In total, 1,661,367 PPP loans were made by 4,975 lenders nationwide.

    In Utah we have approved nearly 21,257 loans valued at almost $3.7 billion. This volume represents more than 17 times what we normally process in a year. These are impressive results for a program that was implemented 2 weeks ago.

    Even though funding is currently unavailable, we are encouraging you to be ready, continue working with your lender. The SBA will continue to monitor the situation in Washington regarding new funding and will inform you if, and as soon as, the loan programs open back up. We will also continue to work with our Resource Partners and the Rapid Response Team to answer your questions. Direct your questions to utahgeneral@sba.gov or call (801) 524-3209.

    Despite the current crisis there has been a remarkable amount of collaboration and selfless service. Utah small business owners and their employees have seen the way forward to help be of service and to also stay open. Demonstrating how agile they are; from organizing detailed strategies for no contact food or merchandise pick up, expanding delivery options, improving online services, to maximizing telework and technology they have been on the front lines during this unprecedented time of uncertainty.  

    Even after the pandemic, day to day life will continue to be very challenging for many individuals and businesses. I know that pioneering Utahns will continue to look for new opportunities, look out for each other and will adapt. Utahns can and will overcome and thrive again.  We want to be here to help you do that.

    There is still much to be done and we recognize there are several small businesses still waiting for a decision on their PPP applications. In the meantime, business owners should remain in contact with their lender and make sure they have the documentation necessary to complete the PPP application in the event congress appropriates additional funding to continue the program.

    For additional resources, small business owners are encouraged to visit www.sba.gov/coronavirus, and please remember to follow us @SBA_UT and subscribe to our newsletter at www.sba.gov/ut under email updates.


    (Marla Trollan serves as the SBA’s Utah District Office Director based in Salt Lake City. She oversees the agency’s programs and services in Utah.)

  • The Internal Revenue Service (IRS) put together some helpful resources for Businesses as well.

    Click here to view the IRS EIP Partner Toolkit

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    U.S. Chamber of Commerce Logo

     

     

    U.S. Chamber Launches New “Path Forward” Program to Lead National Conversation on How America Can Return to Work

    • Comprehensive Framework of Policy Considerations and Operational Questions

    • Virtual Event Series to Explore How to Reopen the Economy Safely, Successfully, and Sustainably

    • Chamber Soliciting Input from Diverse Sources: Big, Midsize, and Small Businesses as well as its Network of Local, State and International Chambers and Associations

     
    FOR IMMEDIATE RELEASE
     
    April 13, 2020
     

    WASHINGTON, D.C. — The U.S. Chamber of Commerce today announced the“Path Forward” program, an initiative to address how Americans and businesses can return to work safely, successfully, and sustainably.

    The program includes a comprehensive framework of considerations, an event series that will feature diverse viewpoints from the public and private sectors, and recommendations on the practices and policies needed to begin a phased process to bring the full American economy back to work.

    The Chamber, through its membership of small, medium, and large companies, as well as its network of state, local, and international chambers and associations, has an unmatched perspective encompassing all sectors of the economy and all corners of our nation. This diversity of viewpoints will contribute to the ongoing national conversation and ultimate recommendations for the Path Forward program.

    Since the outbreak of the coronavirus, the Chamber has vigorously advocated for fast action on legislation to provide employers, employees, and families with much-needed financial assistance, including the successful passage of the CARES Act. The Chamber also has hosted more than 200 virtual sessions with tens of thousands of small businesses, as well as big companies and their small business suppliers and customers, to hear first-hand about the impact of the virus and provide guidance on what aid is available and how to access it.

    “This pandemic is upending every way of life, including how businesses operate and care for employees and communities. As we adjust to this new reality, we must understand that many laws and regulations were designed for a different time and place, and today they could significantly hamper– or even contradict– recovery efforts,” U.S. Chamber President Suzanne Clark said. “How America reopens will be the result of unprecedented coordination between business and government, and the planning must begin now. We need new processes and rules that reflect the realities of the pandemic.”

    In a letter sent to members, national associations, and state and local chambers across the country today, the U.S. Chamber of Commerce outlined the following key considerations: 

    • Essential services and resources necessary for returning to work: general health screening, COVID-19 testing, personal protective equipment, childcare, and transportation.
    • Resolution to regulatory and legal liability issues: health privacy, discrimination claims, safe workplace requirements, support for independent contractors, employment practices, exposure liability, product liability, medical liability, securities litigation, customer communications, and the False Claims Act.
    • Support for businesses and individuals during a phased reopening: businesses dependent on high-density gatherings or travel, and individuals delayed in returning to work.

    Following the release of the letter, the Chamber has begun the process of collecting feedback from local and state Chambers and member companies across the country.

    “How our nation’s public and private sectors manage this transition will determine how quickly we can stage an economic comeback and help families overcome financial hardship,” Clark said. “We need a roadmap to reinvigorate our economy and a renewed sense of public safety and confidence.”

    Path Forward Virtual Event Series

    Additionally, the U.S. Chamber of Commerce Foundation today launched a new online series called Path Forward to supplement and inform the Chamber’s work. Each episode of Path Forward will feature experts sharing their perspectives on the complex issues involved in a responsible reopening strategy. The first program will focus on the state of the pandemic, potential scenarios for reopening, and lessons America can learn from businesses in other parts of the world.

    The series launches Monday, April 13 at 3:00 p.m. ET with Dr. William Hanage, Associate Professor of Epidemiology at the Harvard T.H. Chan School of Public Health. Register here: https://cvent.me/ebg2E0.

    Future programs, which will occur on Mondays and Thursdays from 3:00 p.m. to 4:00 p.m. EST, for the next several weeks will cover barriers to reopening, such as childcare and transit; complex questions about immunity and liability; and ways employers can incorporate screening, social-distancing, and other novel approaches into the workplace.

    Since the onset of the pandemic, the U.S. Chamber has tried to help mitigate the impact of the coronavirus by equipping businesses with tools, resources, and information to help them navigate the many challenges of the pandemic in real time. The Chamber’s resources have been downloaded two million times, and tens of thousands of small businesses and nonprofits have joined online townhall events dedicated to helping them survive this unprecedented health and economic crisis.

    To learn more about the Chamber’s efforts in response to the coronavirus pandemic, please visit www.uschamber.com.

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    Click here to access the U.S. Chamber of Commerce Coronavirus Emergency Loans Small Business Guide and Checklist

    Need step-by-step guidance on filing for a small business or self-employed emergency loan? Click here to access the U.S. Chamber's new Small Business Loan Guide & Checklist. It will help you determine: "Am I eligible? What will lenders ask? How much can I borrow? And will this loan be forgiven?"

    Hope that you and your family are safe and healthy during this time and beyond.


     

    Senator Mike Lee's office released the following message and additional resource information to the Utah business community:

    “Utah is home to great people, great communities, and great businesses.  During this unprecedented time, it is essential that we come together as neighbors and as a state to ensure we are taking care of those in need.  My office stands ready to help those who need assistance dealing with the federal government.  As we combat this epidemic, I have instructed my staff to proactively share information and flag federal resources that become available in order to benefit Utah.” – US Senator Mike Lee

     Senator Lee, Robert Axson, and I want to be sure that Utah businesses have the information and resources they need to help their businesses in this unprecedented time.  We have compiled information we have received from different Federal Agencies.  In addition, if there is information that you, a client or a member may need, please do not hesitate to reach out.  Senator Lee, and our entire staff, stand here ready to help anyway we can. 

    FEMA (Sent to Senator Lee on Friday, March 13th, 2020)

     Today, President Trump declared a nationwide emergency pursuant to Sec. 501(b) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, 42 U.S.C. 5121-5207 (the “Stafford Act”). This increases federal support to the Department of Health and Human Services (HHS) in its role as the lead federal agency for the ongoing COVID-19 pandemic response. As a result of the President’s decisive, unprecedented action, FEMA is directed to assist state, local, tribal, territorial governments and other eligible entities with the health and safety actions they take on behalf of the American public. Today’s declaration does not make direct financial assistance available to individuals.

     The emergency declaration does not change measures authorized under other federal statutes and HHS remains the lead federal agency directing the federal response to COVID-19.  FEMA actions will be in support of HHS and in coordination with state, tribal and territorial governments. Eligible emergency protective measures taken at the direction or guidance of public health officials in response to this emergency, and not supported by the authorities of another federal agency, will be reimbursed strictly under the FEMA Public Assistance program. FEMA assistance will be provided at a 75 percent Federal cost share. Reimbursable activities typically include emergency protective measures such as the activation of State Emergency Operations Centers, National Guard costs, law enforcement and other measures necessary to protect public health and safety.

     We hope this is a good starting point.  As mentioned, if there is additional information needed, please do not hesitate to reach out.

     

    Below are some resources to help businesses during this time:

    Download the One-Sheet: Families First Coronavirus Response Act - Mid-Sized Business

    Download the One-Sheet: Families First Coronavirus Response Act - Small Businesses


     

     

    The US State Department and the Department of Homeland Security also has information to help travelers who need to still travel internationally.

    State Department:

    For any Americans who may be traveling internationally, we want to make sure that they are registered with the State Department's STEP program.  The Smart Traveler Enrollment Program allows the US government to provide travelers with the latest information on travel to the United States.

    Here is the link to register: https://step.state.gov/step/

    Screenings for travelers coming back into the USA:

    Americans must come through one of the following 13 airports (the airlines will reroute passengers at no cost): Boston-Logan, Chicago O’Hare, Dallas/Fort Worth, Detroit Metropolitan, Daniel Inouye (Hawaii), Hartsfield-Jackson Atlanta, JFK, LAX, Miami, Newark, San Francisco, Seattle-Tacoma, and Washington-Dulles.

     

    Upon arrival, travelers will be asked about medical history, current condition, and local contact information.  They will then be told to continue home and home-quarantine (number of days not provided, assume 14).  This applies to anyone who traveled in most European countries anytime in the 14 days prior to arrival in the USA.

     

    https://www.dhs.gov/news/2020/03/13/department-homeland-security-outlines-new-process-americans-returning-certain

    USDA (at the moment, these resources are limited to Kane and San Juan Counties: 

    On Friday, the U.S. Department of Agriculture (USDA) announced a primary agricultural disaster designation for counties in Arizona.  Under this disaster designation, producers in contiguous counties in Colorado, New Mexico, and Utah also qualify for benefits. 

     Additional information on USDA’s disaster assistance program, including county lists and maps, can be found at http://disaster.fsa.usda.gov

     USDA Disaster Designation: Utah



    image of Coronavirus Disease 2019 (COVID-19)

    Centers for Disease Control and Prevention

    As information becomes available nationwide, you can keep an eye on what the CDC recommendations are.  Here you will find helpful tips, etc. on how to best prepare for and prevent the disease from spreading. 




    The U.S. Chamber of Commerce also has recommendations for businesses to follow.  You can find them here.

    Please find the links below for new and updated resources that the U.S. Chamber has developed to assist businesses to access resources created under the CARES Act (Phase III bill).  This includes an update to the guide we released several days ago on the Paycheck Protection Program.

     

     

    Additionally, the U.S. Department of Treasury issued additional guidance yesterday regarding the Paycheck Protection Program.  Links to the resources provided by Treasury can be found, or on their webpage.

     

    • A top-line overview of the program can be found here.
    • If you’re a lender, more information can be found here.
    • If you’re a borrower, more information can be found here.
    • The application for borrowers can be found here.

     

    Finally, as a reminder, we are more than happy to join any of your webinars with your members to walk through the resources made available in the CARES Act.  Just send us an e-mail at: speakers@uschamber.com and we will find time to join one of our upcoming calls/webinars.

     
  • Upcoming Events

     
  • Click here to see the latest update on what is available in Jordan Landing.