Six months ago, if I offered a person on the street $100 to tell me what PPE stands for, do you think they would know it stood for Personal Protective Equipment? Likely not! Indeed, the need, use and manufacturing of PPE has become quite the hot-button issue in the US during the COVID-19 crisis. North Carolina, with our rich history in textiles and manufacturing, has responded to these needs in resounding fashion. Across the state, masks, face shields and gowns found new producers through our strong manufacturing and textiles firms.
#ChooseAlamance Support Local Campaign
This week the Alamance Chamber launched the Choose Alamance Campaign to support small and local businesses.
Over the next few weeks we will be honoring and celebrating our local businesses by hosting learning opportunities, enhancing encouragement to "Shop Local", highlighting member businesses and running social media challenges. We also have a few promotional items you can request for your business to help us get the word out about Choose Alamance.
Small businesses reeling from the coronavirus pandemic have been thrown a lifeline through the Congress and the $2.2 Trillion Cares Act, a combination of loans, grants and tax policy changes designed to keep businesses afloat and capitalized until the world and economy returns to normalcy.
The Small Business Administration has made available Economic Injury Disaster Loans as a recurring source of loan funds during natural disasters and now again during this public health crisis. The Federal Government has also passed the $2.2 Trillion Cares Act and has placed additional assistance for small businesses as one of it's top priorities.
The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million. Additionally, small business owners are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.
Through the CARES Act, a new resource is available to American businesses called the Paycheck Protection Program. The Paycheck Protection Program (“PPP”) authorizes up to $349 Billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. These loans are forgivable after certain criteria have been met and the application for this program opens today, April 3! However, many lending institutions have remarked that their processes for taking in these applications will likely be delayed to next week.
Below you will see a document outlining the differences between the two programs that may help you decide if you should apply for one or both loan funds. Click here for a link to the full list of resources offered by the SBA.
A word of advice, businesses are allowed to double dip into both the EIDL and PPP, but PPP is much more restrictive on it’s uses, so when applying, use it for payroll and use the EIDL for other bills like utilities and rent.
If you were looking for an infographic to help understand the CARES Act Paycheck Protection Program, take a look at what local agency Ethos Creative Group put together for Alamance Strong!
Here's the US Treasury Department's Homepage on PPP
United Way of Alamance County has been working diligently these past few weeks given the impact COVID-19 is having on our community and partners. #Help4Alamance is a fund that has been established to help Alamance County neighbors during this public health crisis. As a part of the Alamance County Emergency Operations Center (EOC), we, along with many community partners, have been meeting to focus on the changes that Alamance County is facing based on this crisis.
Housing insecurity, childcare and food access have been priorities during this time of uncertainty. Staff have been serving on the housing insecurity task force of the EOC and been able to coordinate meals for those staying in hotels awaiting COVID-19 test results. Currently, shelters in the county are taking precautions to lessen the possibility of the spread of COVID-19 in their residents.
Food pantries have been serving record numbers throughout the county. United Way is assisting in finding access to fresh foods and shelf-stable items for these pantries. ABSS has recently launched feeding sites and bus route deliveries for breakfast and lunch. United Way is also playing a crucial role in obtaining supplies for childcare centers such as hand sanitizer, baby wipes and toilet paper. We aided in coordinating childcare for county government workers that are considered mission critical and must report to work during this time.
If you are interested in donating or volunteering, please click here. Your donation will be used based on the greatest needs. We expect these needs to change in the days and weeks ahead and will be meeting regularly with community partners to assess these needs. If we all work together, we will lessen the severity of the COVID-19 impact on Alamance County.
Dollar for dollar, your donation to #Help4Alamance will be matched up to $25,000! https://app.mobilecause.com/e/I7Eq1w?vid=6ebk9
If you are in need of NC COVID-19 resources and assistance, dial 211 or (888) 892- 1162. This free line operates 7 days a week, 24 hours a day. If you would like text message updates, text COVID-19 to 898211 to receive general information and updates.
As the leading Business Organization in Alamance County the Alamance Chamber recognizes the extreme circumstances under which our businesses are working during COVID-19. The Chamber is here to serve as a hub for businesses looking for resources and information. We’ve gathered resources for businesses to reference as you make plans for your business. These resources can be found at on the COVID-19 Resource Page on our website.
The Coronavirus outbreak is prompting necessary public safety measures that impact the workforce and economy. It’s time to work together to minimize the spread of the virus and protect our employees, clients, and the community to the greatest extent possible all while supporting local businesses. Supporting local businesses is important as the Alamance County Community navigates through this uncertain time. There are several ways that you can support local businesses including following local businesses on Social Media, sharing their post and generating traffic to their websites, shop small/shop local online or over the telephone, order take-out from local restaurants, coffee shops, and bakeries, buy gift cards now and plan to use them later, maintain subscriptions to health clubs, and ask our small businesses how you can help them.
In addition to providing resources on our website, the Chamber is hosting regular “All Business Briefing” calls to provide access to resources and information. To see all upcoming calls visit our Events Calendar. Registration is not required. We encourage all businesses have a representative participate in these calls.
We will notify you as decisions and policies are announced for businesses and the economy. We encourage businesses to follow us on Facebook.
It is more important than ever that we work together to support local businesses. The Alamance Chamber is here to be a partner with your business.
Chamber Website: http://www.alamancechamber.com/