May 5, 2021

Sent every week, the ChamberWatch keeps you informed. To learn more about the Chamber, visit our website or email staff@greaterbethesdachamber.org.

View our events calendar.
View our COVID-19 resource page.
Thank You for Making Our Annual Sandy Spring Bank Golf Classic a Success!
Our Annual Sandy Spring Golf Classic at Whiskey Creek Golf Club was a huge success this past Monday. Thank you to all of our sponsors who made this event possible!
Presenting Sponsor:
Golf Cart Sponsor: Chevy Chase Acura

Beverage Cart Sponsors:

Hole-in-One Sponsors:

Longest Drive Sponsor:

Closest to the Pin Sponsor:

Driving Range Sponsor:

Tee Hole Sponsors:

Cigar Sponsor:
Upcoming Events
Joint Meeting With Metro Bethesda Rotary Club
Thursday, May 13, 7:30 a.m.

Join us for our Annual Joint Meeting with Metro Bethesda Rotary via Zoom featuring guest speaker, Robin Givhan, a Washington Post senior critic-at-large writing about politics, race and the arts. See more about Robin here.

This meeting is limited to Chamber members only.
Ribbon Cutting for Brandywine Living of Potomac
Thursday, May 13, 3:00 p.m.

Join us to celebrate the opening of Brandywine Living at Potomac! We will celebrate with a socially-distanced, masked Ribbon Cutting ceremony outside the building. Afterward, small groups will be welcomed to tour the facility.
Leadership Luncheon Featuring Ben Edson, Founder & CEO of VariQ
Tuesday, May 18, 12:00 p.m.

Join us via Zoom as we hear from Ben Edson, the the Founder and Chief Executive Officer of VariQ. Attendees will have the chance to ask Ben questions and learn more about his journey to success. Learn more about Ben here.
 
Thank you to M&T Bank for sponsoring our Leadership Luncheon Series. 
SBA Loan Information & Updates
Restaurant Revitalization Fundwww.sba.gov/restaurants and www.sba.gov/restaurantes (Spanish).
  • Registrations began on Friday, April 30, 2021, at 9 a.m. EDT and applications opened on Monday, May 3, 2021, at noon EDT; an exclusive Wall Street Journal feature covered it this morning as well
  • The RRF is working with technology partners to allow eligible restaurants and other food establishments to access the application or data needed to fill out the application through point-of-sale service providers (news release)
  • Program overview: Restaurant Revitalization Fund (sba.gov) (along with the materials being in 17 languages other than English)
  • Applicants can get help via restaurants@sba.gov or hotline 1-844-279-8898
 
Shuttered Venue Operators Grant – applications opened on April 26 at 12p EDT
  • As of 5p EDT yesterday, more than 14,400 applications have been created in the SVOG portal and more than 6,000 had been submitted. Applications continued to come in through the evening.
  • Application review has already begun and it is expected awards will begin in May
  • Note: because this is a federal grant program and to ensure fair and equal treatment of all SVOG potential applicants, specific SVOG information cannot be provided to individual applicants. The best sources of information for reference are www.sba.gov/svogrant and the Shuttered Venue Operators Grants - FAQ (sba.gov)
 
Supplemental Targeted Advancewww.sba.gov/eidl
  • On April 23, the Supplemental Targeted Advance payments, which the American Rescue Plan Act appropriated $5 billion for, launched (news release)
 
Paycheck Protection Program
  • PPP remains open until May 31, 2021, for lenders to submit loan applications and there’s an additional 30-day period for the SBA to process applications still pending (Administrator’s statement)
  • Paycheck Protection Program Weekly Reports 2021 (sba.gov) continue to be updated; information as of April 25 shows:
  • The SBA has guaranteed more than 5.1 million PPP loans totaling more than $248 billion in 2021
  • The average 2021 PPP loan is $48,000 and nearly 84% of these loans have been for $50,000 or less
  • Nearly 53% of the 2021 PPP loans (more than 2.7 million) are First Draw PPP loans and, of those, more than 98% are for those with 10 or fewer employees, providing first-time PPP loans and critical relief to the smallest businesses
  • More than 1.9 million Second Draw PPP loans have gone to those with 10 or fewer employees, further supporting this relief for the smallest businesses
 
COVID-19 Relief Program Report updated with data as of April 8, 2021; key PPP points include:
  • More than 4.2 million PPP loans totaling nearly $229 billion have been guaranteed with the 2021 PPP funding
  • 89% of the PPP loans in the 2021 funding round are for less than $100,000
  • 94% of PPP loans in the 2021 funding round have gone to businesses with 20 employees or fewer  
  • Approx. 52% of PPP loans have completed the forgiveness process and across all loan sizes, over 99% of loan value has been forgiven
  • 3.77 million EIDLs totaling more than $202 billion have been approved
ProsToYou Tennis Gives Day to Support The Goodwill Dinner Coalition
In partnership with the Greater Bethesda Chamber of CommerceProsToYou Tennis is excited to announce the inaugural ProsToYou Tennis GIVES Day on Sunday, June 6, at Old Georgetown Club.
 
The purpose of this special day is for ProsToYou Tennis and coaches to GIVE BACK to the local communities by offering fun one-hour tennis lessons (private, semi-private and customized group lessons).
 
ProsToYou Tennis will donate all proceeds directly to the Chamber's local charity of choice, which is The Goodwill Dinner Coalition. The Goodwill Dinner Coalition is a local community partnership that provides meals and gifts to the underprivileged in the area around the Holidays.
Thank You to Our Annual Corporate Sponsors
Gold Sponsors
Pepco  

Silver Sponsors

Bronze Sponsors 
Atlantech Online – Behnam and Associates, Ameriprise Financial Services, Inc. - The Bernstein Companies - Capacity Partners
Chesapeake Public Strategies - Dembo Jones – Grossberg Company LLP The Jane Fairweather Team – Maier & Warner PR – Marriott International Selzer Gurvitch Rabin Wertheimer & Polott, P.C - WithumSmith+Brown, PC

 
Partner Sponsors 
 Bethesda Magazine - Hyatt Regency Bethesda - Mon Ami Gabi - Nothing Bundt Cakes Bethesda - North Bethesda Marriott & Conference Center - sasse agency - SpeedPro              
 
Chamber 101 Sponsor
Sandy Spring Bank
Leadership Luncheon Series Sponsor 
M&T Bank
NextExec Sponsor 
McKay Mortgage Company