E-Alert #10 | COVID-19
Stay Connected. We are advocating for you.
Check Your Bank Accounts for SBA Funds
The message below was being sent this weekend to approximately 5 million EIDL applicants by the SBA, Office of Disaster Assistance (ODA): 

EIDL advances continue to go out the door quickly now and should continue to show up in people's checking accounts. Unfortunately ODA does not have a mechanism to alert people that they are getting a deposit into their bank account so the money just pops up without notice.”
COVID-19 | San Antonio Business Impact Survey | Phase II
To help prepare for business recovery, our chamber and the San Antonio Economic Development Foundation are conducting a follow-up survey to continue monitoring the impact of COVID-19 on business operations in the San Antonio region.

Please take the survey to help us inform the various state and local task forces focused on developing guidelines and policies for economic recovery.
Federal Reserve | Main Street Lending Program

The Federal Reserve has announced that it is establishing a Main Street Lending Program (Program) to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic. 

Once the Program is operational, small and medium-sized businesses interested in the Program should seek to apply for Program loans from an eligible lender. Frequently Asked Questions (FAQs)
Governor Abbott To Provide Update | COVID-19 TX Response
AUSTIN - Governor Greg Abbott will provide an update on the statewide response to COVID-19 on Tuesday, May 5th at 2:30 p.m. at the State Capitol Auditorium.
The Governor will be joined by Texas Department of State Health Services (DSHS) Commissioner John Hellerstedt, MD, Texas Division of Emergency Management (TDEM) Chief Nim Kidd, Texas Health and Human Services (HHS) Acting Executive Commissioner Phil Wilson and Texas Education Agency (TEA) Commissioner Mike Morath.
ReOpen SA Resources & Webinars
Economic Reports and Survey Results

San Antonio’s economy contracted in March as impacts of COVID-19 began to surface. The San Antonio Business-Cycle Index declined for the first time since November 2009. The unemployment rate increased, recent payrolls declined, and initial claims for unemployment insurance surged. Home sales activity declined in March, and stock prices of San Antonio-based companies were unchanged on net in late March and most of April.

Sharp Contraction Continues in Texas Service Sector: The Texas service sector continued to see a dramatic contraction in April amid the COVID-19 pandemic and mitigation measures, according to business executives responding to the Texas Service Sector Outlook Survey . Labor market indicators reflected steeper declines in employment and further shortening of workweeks. The employment index fell from -23.8 to -35.2, its lowest reading on record. Perceptions of broader business conditions remained extremely pessimistic in April, while uncertainty continued to escalate.

Retail sales continued to fall sharply in April, according to business executives responding to the Texas Retail Outlook Survey. Retail labor market indicators continued to reflect sharp cuts in employment and workweek hours in April. The employment index shed over 20 points to hit an all-time low of -48.8. Retailers’ perceptions of broader business conditions remained bleak in April.

Read more on the Texas Service Sector and Retail Outlook Surveys here .
Chamber Access & Services
Temporary & Restricted Office Hours by Phone and Email Only
8:00 a.m. - 5:00 p.m.
Phone: 210.344.4848 | Email: membership@northsacchamber.com