Weekend Update: April 25, 2020

Greetings! Several hours ago, President Trump signed HR 266 into law that would enable $500 Billion more in COVID-19 aid. Of which, $320 Billion is earmarked to replenish SBA's small business financial support package specific to those economically impacted by the Coronavirus. Businesses in need of this assistance are urged to be prepared and ready for your lending institution to accept your application. As fast as the last round depleted, you will want to make sure that your company gets in there quickly for relief. We are pleased to have rescheduled our webinar with SBDC for Wednesday, April 29th. Scroll down for registration information. We have received much positive reaction from the membership for the Guam Chamber's economic recovery proposal. If you haven't reviewed the proposal please do so. The information is available just below this message. Thank you for your comments and your additional feedback which we will compile and add for further discussion. As we wait for guidance from the Governor regarding openings in the business community, now is the opportunity to begin readying your business for your employees and your customers. We have heard from a number of businesses that are using this time to upgrade facilities and review workforce guidance. Have you reviewed your SOPs for work readiness during a pandemic? This entails your facility, your workforce, your communications and your touch points. If not, we have a guide prepared for you, ready to download . Special thanks to Monte Mesa for sharing this information. Additionally, we are pleased to present a webinar featuring Meredith Sayre and Vincent Camacho on Friday, May 1st to address issues that employers should consider in preparation for opening. Scroll down for further information. Our private sector plays a critical role in our economic recovery. As we strive towards the long road back to normal, we thank you for all you are doing in your business and in our community to keep working, to stay positive and to keep Coronavirus free. We see you and you are appreciated! Onward Together, Catherine Castro President Guam Chamber of Commerce

GUAM CHAMBER OF COMMERCE ECONOMIC RECOVERY PROPOSAL To view the Chamber's proposal click on the following:

Summary

OUTLINE

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Understanding Your Business's Options for COVID-19 Relief Together with the Guam SBDC and the US SBA Guam Office we are pleased to present this Friday's webin ar entitled Understanding your Business's Options for COVID-19 Relief . The webinar will provide a brief overview on the U.S. SBA loan assistance programs specific to assistance offered in the CARES Act. The webinar will take place on Wednesday, April 29th. An opportunity for Q & A will be available at the end of the presentation. This event is free however space is limited and interested individuals must register to save a space.

REGISTER HERE

REGISTER HERE

Navigating the COVID-19 Minefield - Issues Employers Need to Consider Does your company have questions regarding furlough and layoff related issues? You may be interested in signing up to attend this upcoming webinar on May 1st. Topics such as reducing hours and pay, the application of the Families First Coronavirus Response Act (FFCRA) and the pending Pandemic Unemployment Assistance (PUA) will be discussed. Plus, more on what companies should be doing to prepare for the eventual return to work. Limited participation is available so register now! Please click on the registration button to reserve your spot in the May 1st webinar.

UPDATE: SBA’s Women-Owned Small Business Federal Contract Program The federal government's goal is to award at least five percent of all federal contracting dollars to women-owned small businesses each year. In summer 2020, the certification process for Women-Owned Small Businesses (WOSBs) and Economically Disadvantaged WOSBs (EDWOSBs) will change as put forth by Congress in the 2015 National Defense Authorization Act (NDAA). The SBA expects that the regulations enacting the statutory requirement will be published on June 30, 2020, and will be effective 30 days later. READ MORE

GIVE US A MOMENT The Guam Visitors Bureau has launched a new awareness campaign that extends Guam's Håfa Adai spirit and asks visitors to Give Us A Moment as we get through this COVID-19 crisis. The video, produced entirely from user-generated content and pre-recorded GVB videos reminds us all to enjoy our time with family and to have faith. We send our thanks to GVB for an inspirational video. Fan Hongge!

CORONAVIRUS: UPDATES & INFORMATION FOR YOUR BUSINESS

SHRM's REVIEW of the FAMILIES FIRST CORONAVIRUS RESPONSE ACT (FFCRA) We would like to send a special thank you to SHRM - Guam Chapter for sharing their excellent chart with the Guam Chamber membership which breaks down the FFCRA in an easy to read format. Download SHRM's FFCRA Chart

GOVERNMENT OF GUAM UPDATES

GUAM ECONOMIC DEVELOPMENT AUTHORITY View updates and pertinent links on the Guam Economic Development Authority Updated CARES Act Presentation GUAM VISITORS BUREAU GVB has gathered market intelligence and local updates that affect our industry. View the latest industry update here DPHSS View updates from the department’s website View JIC Release No. 72 Re: DPHSS Guidelines on Mandatory Customs Declarations regarding the importation of items related to COVID-19 DEPARTMENT OF REVENUE & TAXATION Register for on-line business services with the Department of Revenue and Taxation for assistance and other services. View Website to Register See COVID-19 Updates from the Department here JOINT INFORMATION CENTER (JIC) View updated JIC notices

Helpful Resource Links

US ENVIRONMENTAL PROTECTION AGENCY (EPA) US DEPARTMENT OF LABOR INTERNAL REVENUE SERVICE (IRS) U.S. SBA Payroll Protection Program Application Form U.S. SBA GUIDANCE & LOAN RESOURCES CONGRESSIONAL VETERAN'S ADVISORY COUNCIL NATIONAL LAW REVIEW

U.S. CHAMBER RESOURCES GUIDANCE AND RESOURCES We have updated and added to the links below as new guidance and resources have become available: Communications Toolkit Guidelines for Independent Contractors LIVE Blog Emergency Loans: Small Business Guide (Updated) The Families First Coronavirus Response Act Coronavirus Resource Hub for Small Businesses Paid Leave Program: Employer's Guide For more info, please visit  t he CDC’s Guidance for Businesses page .

GUAM CHAMBER OF COMMERCE 671.472-6311 | info@GuamChamber.com.gu

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