From the Desk of David Harrington
"Happy New Year"
While COVID and economic uncertainty remains, restoration is in reach with new stimulus dollars hitting the street.
Through access to the Chamber’s, Capital Accelerator Program, your business will be provided technical assistance to access these funds. Technical assistance includes grant information, infrastructure support & tax implications. The current stimulus packages enacted by Congress consist of Payroll Protection Program Loans for micro businesses and EIDL funds.
Please look out for the Chamber’s Newsletter and E-blasts for assistance with the stimulus packages and other business assistance. Taking full advantage of this technical assistance will go a long way in helping your business obtain these dollars.
Check our calendar and plan to join us for upcoming meetings and events. In addition to that, if needed- sign up for individual coaching on your funding applications.
Let’s make sure you take full advantage of these funds-
(As Previously Shared)
Major Provisions in the Year-End COVID Relief Bill
Provision | Ten-Year Cost
Aid to Small Businesses $325 billion
Paycheck Protection Program (PPP) Second Draw $284 billion
Economic Injury Disaster Loan Advances $20 billion
Emergency Grants to Venues $15 billion
Other Small Business Relief and Program Expenses $6 billion
Deductibility of expenses paid for by PPP loans