Content via U.S. Small Business Administration Our nation's small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses. In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak: ![]() Paycheck Protection Program Primarily for payroll expenses, the Paycheck Protection Program (PPP) starts today and provides up to $10 million per small business in loan forgiveness for retaining employees. The loan forgiveness portion is dependent on keeping and paying employees or rehiring employees laid off in response to the COVID-19 national emergency. To find a PPP lender, contact your current bank or lender to see if they are offering PPP. Or, view a list of SBA lenders on your local district office website who may also be offering PPP:
![]() Economic Injury Disaster Loan Advance (EIDL) This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties that does not have to be repaid. This complements the traditional SBA Economic Injury Disaster Loan (EIDL) program which has been in place for the entire nation, all territories and Washington, D.C. since mid-March. Please note the application process for the EIDL program was updated March 30. For those who submitted a COVID-19 EIDL application prior to March 30, unless you have already been approved or are currently working with a loan officer, you should re-apply using the new streamlined application if you have not done so already. The new application is streamlined and faster. Approval notification is estimated at approximately three days. ![]() SBA Debt Relief The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic. This covers all principal, interest and fees on current and new SBA 7(a) loans made through September 27, 2020, for up to six months. ![]() Express Bridge Loan The program enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
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With the unprecedented COVID-19 impacting the region, our health care providers are in need of our help. Critical health supplies are in demand at the four regional hospitals (Trios, Lourdes, Kadlec, and Prosser Memorial) and across the health care industry. TRIDEC, Tri-City Regional Chamber of Commerce and Visit Tri-Cities, partnered to help gather the needed supplies.
All our local health care providers have a critical shortage of these items and global supply chains have ceased to exist. As the Tri-Cities community has come together to meet this urgent need, a central, easy to access location was needed. The members of the Tri-Cities Business and Visitor Center volunteered to be that central donation point while helping to communicate the need to the business community and the public at large. During the three-day event (Monday, March 23 - Wednesday, March 25, 2020), we collected over 26,000 units of personal protective equipment for our emergency responders and healthcare workers. The Tri-City community came out strong in support of this effort. We are grateful to everyone who donated. A special thank you to the following businesses who provided large donations: CSS Farms, Kennewick School District, LIGO Hanford Observatory, O’Brien Construction, Pasco High School Bulldog Booster Club, and Spectrum. “We were asked by members of our board from the healthcare community to get the word out to the business community and ask them to donate any excess supplies,” said Karl Dye, President of TRIDEC. “We had no idea what the response would be, but this is incredible!” he added. “It shows the level of connection and commitment to our community that we all share.” “Our community is amazing, thank you! The health care teams across our region are so grateful for the support. It is truly inspiring. We would also like to express our appreciation to the business community for launching this effort, and for our EMS partners for being the ongoing community collection site,” said Jim Hall, Director of Executive and Community Relations. While we received over 26,000 units of PPE, there still is a need for this equipment as the Tri-Cities healthcare community continues to experience shortages. The demand for PPE has created a severe shortage of PPE across the world. The supply cannot keep up with the demand. If you have any of the below items that you are willing to donate, Benton and Franklin County Emergency Management will be accepting ongoing donations Monday – Friday from 9:00am-3:00pm at 1011E. Ainsworth Ave, Pasco, WA 99301. Personal Protection Equipment in Need:
Stay home. Stay healthy. Wash your hands. And remember social distancing. The Tri-City Regional Chamber of Commerce, in partnership with STCU, is launching a free webinar series for businesses owners to stay informed of important business topics during the COVID-19 pandemic.
“Ask the Experts: Responding to COVID-19" is planned as an 11-week program, with at least one webinar scheduled per week. The webinar will be viewable on Zoom and Facebook Live. Each webinar will be archived and uploaded at tricityregionalchamber.com. The first webinar is scheduled for Monday, March 30 from 11 am – 12 pm. The topic is “Navigating Open Enrollment and the Insurance Marketplace.” The speaker is Victoria Wink, Benefit Account Manager at Basin Pacific Insurance + Benefits. More information, including the Zoom conference call info, can be found at tricityregionalchamber.com/asktheexperts. The “Ask the Experts: Responding to COVID-19" series is one of the resources launched by the Tri-City Regional Chamber of Commerce in order to help the Tri-Cities business community during the COVID-19 pandemic. Last week, the Chamber launched the Tri-Cities: Open for Business initiative, featuring a comprehensive website featuring special service offers, food and drink pickup options, small business resources, and much more, in order to help Chamber members get the information they need during this crisis. The website, which is updated daily, can be found at TCOPENFORBUSINESS.com. ![]() Dear Members, Like all of you, the Chamber is sensitive to how the COVID-19 pandemic is impacting both business and community. Without doubt, we are in uncharted waters. We want to share with you how we are working to serve our members and support the economy, while doing our part to protect public health by adjusting the way we do business. Chamber Operations: Currently, our office is open during regular business hours. We are taking precautions and following the guidelines from the CDC. Given the uncertain timeframe, we are exploring options for delivering programming in new online platforms. For at least the next two weeks, gatherings of more than 50 people will be postponed. Please visit our Facebook page or www.tricityregionalchamber.com for up to date information. Your Business: The Chamber is committed to supporting and helping our members so that you can support your employees, customers, and community. We are compiling resources to aid businesses—of all sizes—as you respond to, mitigate, and ultimately recover from the coronavirus. The Community: We fully recognize that this unfolding situation has everyone feeling anxious. Let’s be guided by facts and do our part to promote calm. Please take a moment to think of other businesses that need your ongoing support. If ever there was a time for the business community to come together, now is that time! Thank you for everything you’re doing to address the impacts of the coronavirus outbreak. It is critical we work together to communicate a clear message – Tri-Cities is OPEN for Business! Sincerely, Lori Mattson, IOM President/CEO ![]() The Tri-City Regional Chamber of Commerce has postponed their Annual Meeting & Awards Luncheon originally scheduled for March 18, 2020 at Three Rivers Convention Center. The postponement is due to an overabundance of caution relating to the COVID-19 outbreak in Washington. “We are disappointed to share this news, however, in light of the rapidly evolving situation we believe this is a prudent decision,” said Lori Mattson, IOM, President & CEO of the Regional Chamber. “We will continue to monitor the situation and evaluate upcoming Chamber gatherings on a case-by-case basis. An announcement will be made once we determine an appropriate date to reschedule the Annual Meeting & Awards Luncheon. Thank you for your patience and understanding.” The Chamber’s Annual Meeting & Awards Luncheon will be rescheduled for a later date in 2020. Congratulations to Dermatology Solutions on their beautiful new home. Check it out at 8503 W. Clearwater Ave., Ste. B in Kennewick. Congratulations to Yakima Federal Savings & Loan on their beautiful new location. Visit it at 3100 Duportail St. in Richland. Congratulations to Wendy's on their brand new Pasco location! Visit it at 5706 North Road 68. Congratulations to Water 2 Wine Cruises on their beautiful new space! Check it out at 591 Stevens Dr. in Richland! Congratulations to Roasters Coffee on being named our Member of the Month for February 2020.
Roasters was born and bred in the Tri-Cities and has seen rapid growth. They have a history of giving back to our community and many different organizations - adding up to thousands of dollars annually. |
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