Having trouble viewing this email? View as Webpage
The Arlington Chamber wants to make sure that your business has all of the latest information of programs to access funding and other support during the pandemic. This announcement contains a number of timely updates. In case you missed it, details about the recent expansion of the CARES Act can be found in our December 22 update. For additional details, the US Chamber of Commerce has created a Guide to Small Business COVID-19 Emergency Loans.

SBA announced that it extended its COVID-19 Economic Injury Disaster Loan application to December 31, 2021. Loans include a 3.75% interest rate for small businesses and 2.75% for non-profit organizations, a 30-year maturity, and an automatic deferment of one year before monthly payments begin.

On December 22, Governor Northam directed the Virginia Employment Commission not to penalize businesses for layoffs that occurred in April May, or June 2020 when calculating UI employer taxes for 2021. These taxes for this year would ordinarily be based on employers’ activity between July 2019 and June 2020. The General Assembly allocated $210 million to backfill the Unemployment Insurance Trust Fund. As reported by the Virginia Chamber, without these changes, Virginia's businesses could have seen up to an almost 300% increase in the amount of funds they are required to submit to the UI Trust Fund per employee per year.
Rebuild VA Additional Funding

Governor Northam also announced that an additional funding of $20 million would be allocated to the Rebuild VA program. This new funding will bring the program total to $120 million and will enable more than 300 small business and nonprofit organizations that applied before the last round of funding was exhausted in early December to receive grants. New applications will not be accepted at this time.
Chamber to Participate in Arlington Complete Vaccination Committee

Arlington County is convening a Complete Vaccination Committee to inform the public about the COVID vaccines and how to get vaccinated when they become more widely available. Building on similar work to promote the 2020 Census, the Complete Vaccination Committee will comprise representatives from different aspects of Arlington civic life, and will include the Chamber’s Government Affairs Director, Scott Pedowitz. The goal of the Complete Vaccination Committee will be to provide vaccine education, build confidence, and encourage Arlingtonians to participate in the vaccine program once it becomes available in our community. We will be sharing updates from the committee with our membership as they become available.
The Chamber is here to support our members through the reopening process. Please visit our COVID-19 Resource Center for more reopening resources, and please reach out to us at chamber@arlingtonchamber.org if there is anything we can do to help you.