January 2021
Brought to you by the
Beaver Dam Area Chamber of Commerce
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Coronavirus Response and Relief Supplemental Appropriations Act of 2021
- Did you apply for PPP?
Additional funding has been provided for the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) Program.
Paycheck Protection Program
The U.S. Small Business Administration (SBA) resumed accepting PPP applications from all participating lenders. SBA is authorized to guarantee loans under the PPP through March 31, 2021.
The recently enacted legislation also:
- Makes all PPP expenses tax deductible
- Reverses an earlier directive that required PPP borrowers to deduct EIDL Advance grants from their PPP loan forgiveness amount
- Simplifies the forgiveness process for PPP borrowers with loans under $150,000 and holds harmless lenders who acted in good faith with SBA guidelines
- Makes the PPP accessible for sole-proprietor farmers who didn’t turn a profit in 2019
- Makes 501(c)(6) organizations eligible for PPP loans, subject to restrictions
Second Draw PPP
Certain eligible borrowers that previously received a PPP loan are now allowed to apply for a Second Draw PPP Loan with the same general loan terms as their First Draw PPP Loan.
A borrower is generally eligible for a Second Draw PPP Loan if the borrower:
- Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses
- Has no more than 300 employees; and
- Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020
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Property Assessed Clean Energy Program
PACE is an innovative program that enables property owners to obtain low-cost, long-term loans for energy efficiency, renewable energy, and water conservation improvements. Projects financed using PACE can generate positive cash flow upon completion with no up-front, out-of-pocket cost to property owners—eliminating the financial barriers that typically prevent investment in revitalizing aging properties.
The term of a PACE Financing may extend up to the useful life of the improvement, which may be as high as 20 years or more, and can result in cost savings that exceed the amount of the PACE Financing. The result is improved business profitability, an increase in property value, and enhanced sustainability.
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Bullfrogs and Butterflies Consignment Shop
320 S. Spring Street
Beaver Dam, Wis.
Bullfrogs and Butterflies is a family owned consignment shop which offers baby and children's clothing, toys and maternity wear. Managed by Melissa Bartsch, a friendlier and more helpful shop owner you will not find.
They pride themselves in providing you with safe, clean items.
When you shop at Bullfrogs and Butterflies you save money, support a local business, support local families and you are helping save the planet by recycling gently used items. It's a WIN-WIN-WIN-WIN!
To learn more about Bullfrogs and Butterflies, visit here.
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Mick Fischer Trophy & Engraving Shop
526 Beaver Street, Beaver Dam
Phone: 920-887-3324
Mick Fischer Trophy and Engraving Shop is a father (Mick) and son (Justin) specialty store offering full service awards, engraving, corporate gifts & employee recognition products, fundraising items & laser engraving. They also offer a full line of full color products, including high resolution yard signs, and design service. With over 30 years of experience serving the awards and engraving needs of central and southern Wisconsin and across the United States.
If you are looking for an organization fundraiser, give them a call. They have a full turn-key solution for fundraising with custom laser engraved and full color insulated tumblers. Fundraising was never this easy!
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Annual Meeting Don't miss it!
NEXT WEEK Wednesday, January 27, 2021
Noon - 1:00 pm
Join us for:
- Board Introductions
- Ambassador Introductions
- A NEW Award presentation
- 2020 Executive Director Report
- 2021 Business, Non-Profit, Citizen and Member of the Year Awards
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Did you miss last week's Power Hour with Walker Johnson?
Check it out now (sorry for missing the first 10 minutes!) Thank you Leadership Beaver Dam Alumni for Sponsoring the event!
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Taste of Beaver Dam
February 1 - March 28, 2021
Taste of Beaver Dam promotion will be running from February 1 – March 28th. With drawings for restaurant gift cards weekly. Dine-in or carryout at Chamber member restaurants or bars and enter for a chance to win!
Photograph your receipt and include your name and phone number and send to beaverdamchamber@gmail.com or use the #BDEats with a photo of your food and where you purchased it for your chance to enter. Drop off entries at the Chamber are accepted as well. Do both and get double the chance. Chamber members include:
Bayside Supper Club, Benvenutos, Dam Chicken, Culvers, Higher Grounds, Lupitas Restaurant, Mcdonald’s on Spring, Old Hickory, Ooga Brewing Company, Palenque, Park Avenue Sports Café, Riverfront Wine Bar, Sake House, Sunview Restaurant, Taco Bell, Tower Lanes, Wendy’s Restaurant
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Business Power Hour
QPR Training (Question, Persuade, Refer)
Monday, February 22, 2021
5:30 pm - 6:30 pm
OR
Tuesday, February 23, 2021
Noon - 1:00 PM
Question, Persuade, Refer (QPR) suicide prevention training outlines three basic steps that teach how to help when someone is in crisis. The virtual Gatekeeper course is taught in a clear, concise format using the latest in educational technology and practices.
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Your Instructor:
Jennifer Smith, M. ED, is the program coordinator with Marshfield Clinic System Center for Community Health Advancement. She is a certified trainer in the QPR Institute.
Registration opening soon. Save the Date! Class size is limited.
Our Sponsor:
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Virtual Breakfast Network
"Paid Advertising in a Nutshell"
Stormie Andrews, Yokel Local Marketing
Tuesday, February 9, 2020
8:00 am - 9:00 am
Do you have too much to do and too few in-house resources? Are you frustrated with all the social media marketing noise out there without having provable results?
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In this short presentation, Stormie will help lift some of the burden of the inbound marketing maze off your shoulders and give you the "need to know" information when it comes to paid advertising. We, of course, will also do some networking during the session.
Meet our presenter:
Stormie Andrews is a masterful communicator and renowned internet marketing expert. He brings his unique skillset to his audience by effectively uncomplicating the complicated world of online marketing. He is the author of The World's Best Buyer Persona System and President of Yokel Local Internet Marketing, Inc. in Las Vegas. He is also a Podcast Co-Host on "PowerHouse Experts"
* Bring your own coffee and breakfast.
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Entrepreneurship Classes - Scholarships Available!
How to Start Your Own Business Workshop Series
(Entire Class Series 15 Hrs. - $199.00)
Thursday Nights, February 18 - March 18, 2021
145-441 Introduction to Owning a Small Business - Workshop 1
2/18: 3 Hrs. - $50.00 (62 & over $36.11)
145-442 Business Planning Process - Workshop 2
2/25: 3 Hrs. - $50.00 (62 & over $36.11)
145-443 Marketing and Promotion - Workshop 3
3/04: 3 Hrs. - $50.00 (62 & over $36.11)
145-444 Creating a Budget for Your Small Business - Workshop 4
3/11: 3 Hrs. - $50.00 (62 & over $36.11)
145-445 Financing a Small Business - Workshop 5
3/18: 3 Hrs. - $50.00 (62 & over $36.11)
Contact the Chamber about class reimbursement Scholarships for the entire series through Downtown Beaver Dam Inc. sponsored by Compeer Financial
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Empower Hour - Payroll
January 28, 2021
1:00 - 2:00 pm
Free online session.
These live, interactive sessions cater to your busy schedule with BIG impact. Learn about a specific topic, ask questions, and get answers. Stay engaged as relevant topics that affect you NOW are discussed and resources are shared. Empower Hour conversations are facilitated by subject content experts and fellow small business owners across the state.
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Cashflow. Cashflow. Cashflow!
January 26, 2021
6:00-7:00 pm
Free online session.
Numbers sure can be scary! When it comes to your business your numbers are vital to your success! This workshop explains how money flows in and out of your business, as well as completing, tracking and understanding cashflow and projections to set your business up for financial success
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News Wisconsin Manufacturers and Commerce (WMC) |
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WMC Webinar: COVID-19 Vaccine Distribution Update and Legal Briefing
This webinar featured a COVID-19 vaccine distribution update from DHS Deputy Secretary Julie Willems Van Dijk. DHS Deputy Secretary went into detail about the newest vaccine distribution to those 65 and over and answered questions from the business community. Following her update, the Littler law firm team gave a legal briefing on the vaccine and what employers/businesses need to know.
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New COVID-19 Cases & Hospitalizations Dropping
Over 500,000 people in Wisconsin have contracted COVID-19 since the Spring. At the height of the surge in the state, nearly 8,000 new cases were reported in just one day. That number has been steadily dropping, however. The seven-day average reported on Wednesday was 1,807 new cases. It has not been lower than that since mid-September.
As the number of new cases is decreasing, so are the number of hospitalized patients. Currently, 834 people are in Wisconsin hospitals with COVID-19. Wisconsin hospitals have not had fewer patients since Oct. 5 when they had 782. The number of ICU patients has also dropped to 193 – 31 lower than last week.
Data from the Department of Health Services also shows that the virus continues to be most deadly for older individuals. In Wisconsin, 92 percent of deaths occurred to people 60 years of age and older, even though that same age group made up just 21 percent of cases. This information was a driving force in the federal government determining that anyone over the age of 65 should qualify for the COVID-19 vaccine – a plan that Wisconsin will begin implementing on Monday.
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Gov. Tony Evers Extends Public Health Emergency and Statewide Mask Mandate
Even as it is being challenged in court, Gov. Tony Evers extended his public health emergency again related to COVID-19. The order signed on Jan. 19 will last for 60 days. In proclaiming the health emergency, the governor also extended the statewide mask mandate for another 60 days. The governor’s order reads:
Every individual, age five and older, in Wisconsin shall wear a face covering if both of the following apply:
· The individual is indoors or in an enclosed space, other than at a private residence; and;
· Another person or persons who are not members of individual’s household or living unit are present in the same room or enclosed space.
There are numerous exemptions to the order, including when someone is eating, drinking or when engaging in work where wearing a face covering would create a risk to the individual. The order additionally recommends face coverings be worn outdoors and in other situations when it is not possible to maintain physical distancing.
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2021 State of American Business Event Recordings and Resources
Check out these additional resources and opportunities.
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New US Chamber Guides and Resources
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2021 Membership renewals and sponsorships |
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As a reminder, membership renewal is due January 31st. Thank you to all those who have already paid! Please pay close attention to a few exciting changes with regard to sponsorships that give you more exposure, better planning and reduced invoices. The video below walks you through the changes. Review the membership application.
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Sign on for Staples discount enrollment
As a Chamber member, we have worked with Staples to provide you with an ongoing 20% discount off your company’s in-store print & marketing services and 10% off in-store purchases of regularly priced items in 2021.
Register your company and rewards number here.
Forgot your #? Log in to your account and click rewards and then click rewards profile or call 800-793-3320 or set up a new account.
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Green Tips: Being a Sustainable Business
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Sustainability and cost savings go hand-in-hand
Did you know that making your business more sustainable can also save you money? Since the pandemic businesses have found that working remotely and videoconferencing are two ways that have created savings for them, and also happen to be more sustainable. Simply switching to LED light bulbs can create significant savings because they use 84% less electricity than conventional bulbs.
Check out this article for lots more ways to make your business more sustainable and lower your expenses in the process. |
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Leadership Beaver Dam Minute
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Six Ways to be a better employee
When it comes to tips, there are endless resources on how to be a better leader. However, most of us are employees first, so let's take a look at what it takes to be a great employee.
In Forbes article "Six Ways to Be a Better Employee", Ashira Prossack gives us these six tips:
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Stay focused - avoid distractions - start making a note every time you get off course and you'll start to see some patterns.
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Learn how to prioritize. Categorize projects by deadline and importance.
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Be respectful. The best way is to be tolerant of others.
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Learn more. Take interest in your personal development.
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Spend a little less time glued to your screen. There are benefits to speaking to people face to face.
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Be committed. Fully invest yourself in your work and you'll feel more connected to your job and be more productive.
Read the full article here.
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"The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success"
Author: William N. Thorndike
Eight CEO's, who the author refers to as "The Outsiders" significantly outperform their peers.
Learn the common traits of these outsiders and their experience. The book also reviews and analyzes a lot of financial data i based on the two key responsibilities of a CEO:
- Running operations effectively
- Deploying the cash generated by those operations.
CEO's have five choices for deploying capital:
- Acquire another business
- Invest in existing operations
- issue dividends
- Pay out debt
- Repurchase Stock
And three options for raising capital:
- Tap internal cash flow
- Raise equity
- issuing debt
Key message is to evaluate all the available options and their implications to your organization and to learn to trust your analytical skills.
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Inspiration and motivation |
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“There’s no shortage of remarkable ideas,
what’s missing is the will to execute them.”
– Seth Godin
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Thank you!
2021 Executive Circle and Mission Sponsors (to date)
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Beaver Dam Area Chamber of Commerce
920.887.8879
info@bdchamber.com
www.beaverdamchamber.com
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