The Chamber office will be closed from December 24, 2020 through January 1, 2021. Staff will be checking email daily and will respond as soon as possible.
COVID-19 Business News
Congress Reaches Deal for $900 billion Relief Package

Congressional leaders last night reached a deal on a nearly $900 billion COVID-19 relief package that includes continuation of the Paycheck Protection Program (PPP), new funding for Economic Injury Disaster Loans (EIDL) and Grants, extension of the Employee Retention Tax Credit, extended unemployment insurance benefits, and individual checks to certain taxpayers, and more. The package excludes liability protections from Covid-19-related lawsuits for businesses, universities and health care centers for businesses and other entities. It also excluded funding for state and local governments.

The measure is tied to a $1.4 trillion must-pass spending bill that will fund federal agencies and programs through September 30, the end of the fiscal year. Lawmakers are expected to vote on the package today.

Based on various news reports, here are a few details of what is in the package for business:

Loans and Grants

  • $325 billion allotted to help small businesses including $284 billion for first and second forgivable PPP loans and dedicated set-asides for very small businesses and lending through community-based lenders.

  • Expanded PPP eligibility for 501(c)(6) nonprofits, including destination marketing organizations, and local newspapers, TV and radio broadcasters.

  • Provision to allow businesses that received PPP loans to take tax deductions for the expenses covered by forgiven loans. 

  • $20 billion for new EIDL Grants for businesses in low-income communities, $3.5 billion for continued SBA debt relief payments, and $2 billion for enhancements to SBA lending.

  • $15 billion in dedicated funding for live venues, independent movie theaters, and cultural institutions.

Tax Credits

  • Extension of the Employee Retention Tax Credit (ERTC) and expansion to make available to PPP recipients.

  • $1.8 billion in tax credits for businesses to provide paid leave.

  • Permanently extends lower excise taxes on beer, wine, and spirits that were set to expire December 31.

  • Extends for five years tax incentives for investing in low-income areas and hiring workers from disadvantaged groups.

Unemployment Assistance

  • A $300-a-week federal subsidy for unemployed workers, including, gig workers and others who don’t ordinarily qualify for benefits, available through March 14, 2021.

  • An additional $100-a-week subsidy for workers who have both wage and self-employment income but whose basic unemployment benefits don’t take into account their self-employment income. 

  • Expands worker eligibility for benefits to 50 weeks (from the 25 weeks, typically provided by most states).

Residential Rental Assistance

  • $25 billion of assistance to tenants in arrears on their rent. 

  • Extends until the end of January 2021 a federal eviction prohibition. 

  • Allows landlords and building owners to apply on behalf of tenants meeting the eligibility requirements, generally those who make less than 80% of median income in their area, have at least one person in their households who has lost a job, and can demonstrate they are at risk of losing their home.

As more details emerge, GSSCC will provide updated and expanded information.
GSSCC Seeking Successful Business Pivot Stories!

The Chamber would like to celebrate any member business that successfully adapted during the pandemic, be it with a new product, new business model, or the like. Share your successful business pivot stories with the Chamber by emailing Jane here.
January Events
YPN Virtual Beach Party Business After Hours
Mark your calendars and start looking for your best Hawaiian shirt for the Young Professionals Network Virtual Beach Party Business After Hours!

There will be a cocktail demonstration by a member restaurant, a cooking demonstration by Corcoran Caterers, networking in breakout rooms, and a beach-themed trivia competition.

Thursday, January 28
5 p.m. - 6:15 p.m.
Latest News
GSSCC President Featured on SBN At-Home: Small Business Road to Economic Recovery, Part 2

GSSCC President Jane Redicker recently joined Montgomery Community Media's Kelly Leonard for the December episode of Small Business Network at Home. The series of monthly sessions address topics of interest to small business owners in Montgomery County and this month's topic was "Small Business Road to Economic Recovery, Part 2."

"I have so much pride and so much respect for so many of our business owners because of what they do every day and the resilience they've shown," said Redicker.

Watch to learn how the Chamber has provided resources and opportunities for small businesses to survive and recover during the pandemic.
That’s a wrap – webinars to binge watch before 2021
The Chamber’s commitment to providing high-quality networking opportunities and educational content did not waiver when the pandemic began but rather increased with virtual meetings, webinars, and joint networking events.

GSSCC's webinars covered a range of key topics like:
  • Understanding the numerous federal, state, and local financial aid packages
  • Learning how to cook easy at-home dishes
  • Crafting cocktails and exploring a variety of beers
  • Gaining coping strategies for isolation, stress, and uncertainty
  • Receiving guidance for returning to the office
  • Cleaning and preparing your workspace or office for reopening
  • Protecting your remote technology
  • And more!

Re-watch your favorites by visiting the Chamber YouTube page.
Home for the Holidays with GSSCC Member Restaurants

Just because the holiday season might look a little different this year doesn’t mean you can’t have a delicious dinner or seasonal treats! Although restaurants will operate without indoor dining, you can still get great carryout or delivery from your favorite restaurants.

Check out the new "Home for the Holidays with GSSCC Member Restaurants" page for holiday specials and promotions!
Help support member businesses this holiday season! Check out these holiday promotions:

* All Set Restaurant & Bar: Oh What a Year! Holiday Dinner for four for $150. View the flyer here and place your order here. Choose Your Own Adventure dinner specials for two for $55. Details and order form here.

* Ellsworth Place: Offering a free “ELLS the Elf” gift with purchase when you spend $100 at a single or multiple store(s) at Ellsworth Place in one day. This promotion runs Monday, December 7, through Wednesday, December 23. Read here for promotion details.

* Hampton Inn by Hilton and Homewood Suites are offering a Holiday room rate for their Take the Elevator Home campaign. Available Sunday, December 20 through Sunday, December 27, enjoy $79 King and $89 two Queen at Hampton Inn by Hilton and rooms starting at $89 at Homewood Suites. Read more here.

* Nothing Bundt Cakes: Beginning Wednesday, December 9, the following flavors will be available for order: lemon, white chocolate raspberry, chocolate chocolate chip, red velvet, and peppermint chocolate chip. Place your order here.
* The US Food and Drug Administration has approved a genetically modified pig for allergy-free medical and food products. The pigs are licensed to Revivicor Inc., which a subsidiary of United Therapeutics. Read here for more information.

* Denizens Brewing has recently been profiled in a Washington Business Journal article as part of “Small Business, Big Mission,” an ongoing series following seven Greater Washington businesses amid the COVID-19 pandemic. Read the article here.

* Congratulations to Bankers Business Management Services for receiving a Comcast RISE Award. Included in the award is consulting, media, and creative production services from Effectv, the advertising sales division of Comcast Cable, or technology upgrades from Comcast Business. Read the news release here.

* Good News Network polled readers on Facebook to find which companies have excelled during the pandemic and 4 Corners Pub was a winner under the Eating Out category for their donation of pizzas to local hospitals and front line workers. Read the article here.

* Loebig Ink has received a “Best in Search” award from TopSEOs.com, an independent authority on search vendors. In addition to the award, Loebig Ink is also listed among top companies specializing in search engine optimization on the TopSEOs website. Read the announcement here.

* The Urban Winery has moved its physical operations to its warehouse space but will still provide an on-line store for shipping, home delivery, or pick up. Read here for more information.

See your company's news here! Send us your news releases and news items by noon on Friday for publication in the following Monday's edition. Click here for guidelines on submitting Member News.
Does Your Business Need PPE?

As businesses re-open and employers are tasked with providing PPE for their returning employees, GSSCC launched a “Back to Business Products” page on our website for members looking to purchase PPE products, signage, and more. If your business is selling PPEs and you would like to be on this page, please complete this form and send it to Julie at jpawlikowski@gsscc.org.
Upcoming Committee/Network Meetings

* Small Business Owners Network Virtual Meeting - 12 Noon on Thursday, January 7.

* Non-Profit Team Virtual Meeting - 9 a.m. on Tuesday, January 12.

* Membership Development Committee Virtual Meeting - 9 a.m. on Tuesday, January 26.

* Economic Development Committee Virtual Meeting - 9 a.m. on Wednesday, January 27.
OUR MISSION:
Working to enhance the economic prosperity of greater Silver Spring through robust promotion of 
our member businesses and unrelenting advocacy 
on their behalf.
Thank you to our 2019-2020 GSSCC Partners

Corporate Partners - Downtown Silver Spring; Lee Development Group; Montgomery College; Joseph W. McCartin Insurance;
Adventist HealthCare White Oak Medical Center

 Business Partners - Andalman & Flynn, AFI Silver Theatre; Apex Home 
Loans; Atlantech Online; Digital Industry; EagleBank; Holy Cross Hospital; The Fillmore Silver Spring; Lerch, Early & Brewer Chtd.; Linowes and Blocher, LLP; Revere Bank; The Tower Companies (The Blairs); United Therapeutics Corporation; Washington Property Company.

 Partners - Adam Lowe Creative; Bell Flowers; EBA Ernest Bland Associates; Image360.
Greater Silver Spring Chamber of Commerce
8601 Georgia Avenue Suite 203
301-565-3777
info@gsscc.org