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Recovery Resources: Chesco fund, Montco loan lockout and improving trends

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Posted by: Main Line Chamber on Wednesday, May 6, 2020 at 12:30:00 pm
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Chester County establishes $5 million coronavirus response fund for small businesses
The Chester County commissioners have set up a $5 million fund for the Main Street Preservation grant program, which will provide grants of up to $25,000 to small businesses and agricultural enterprises in the county that were unable to take advantage of federal and state coronavirus response programs. To be eligible, businesses and enterprises must be based in and physically located in Chester County, have been active in 2019 or earlier, and have annual revenue of no more than $500,000. Grant applications must be submitted between 5 a.m. and 9 p.m. on Monday, May 11. The Chester County Economic Development Council is hosting a webinar to discuss the program at 10 a.m. on Thursday, May 7.


Inquirer investigation: Montgomery County businesses had little shot at state loans
Businesses in Montgomery County, one of the state’s hardest hit by the coronavirus, were largely unable to get applications submitted for Pennsylvania’s quickly depleted $61 million loan program. The state relied on existing economic development organizations at the local level and there wasn’t one in place in the county, according to a Philadelphia Inquirer investigative report.


Montgomery County COVID-19 cases trending downward, commissioner says
Montgomery County Commissioner Dr. Valerie Arkoosh said May 5 that the number of COVID-19 cases in the county is trending downward and residents and businesses should start thinking about what they’re going to do when the county has reached enough benchmarks to be moved from red to yellow in the state’s categorization system. Locations receive yellow designations when they post fewer than 50 new cases per 100,000 residents over the course of two weeks. Arkoosh said the county is still “a little ways away” from meeting that benchmark, which would allow it to relax some social distancing guidelines, according to the Philadelphia Inquirer. Twenty four counties in north central and northwest Pennsylvania are preparing to be moved to yellow on Friday, May 8.


Drexel’s computing & informatics college seeks proposals for its senior design project
Drexel University’s College of Computing & Informatics is inviting startups, established companies and nonprofits to submit proposals for its Senior Design Project for the 2020-2021 academic year. The Senior Design Project is a capstone course in which teams of five to six students work on a project with a business or nonprofit for eight to nine months. The project gives students a chance to apply their knowledge and skills while getting work experience and provides support for local businesses and nonprofits facing uncertainty due to the coronavirus pandemic. Interested businesses and nonprofits should contact Kate Duncan, the college’s director of corporate partnerships at kbd53@drexel.edu.


Speakers in EY webinar say employees will return to work over time
Employees will return to work in waves as the coronavirus pandemic subsides, according to speakers in an Ernst & Young webinar called “Beyond COVID-19: Putting humans at the center of the return to work.” The risk level to employees will be a major determinant in when they return, with workers in positions that require a lot of in-person interaction returning first and workers who have jobs they can do remotely returning last, the speakers said. The speakers recommended that employers develop a playbook based on World Health Organization and Centers for Disease Control and Prevention guidelines that contains contingency plans in case of a resurgence and employee safety protocols. Cabrini University journalism students wrote about the webinar for The Main Line Chamber of Commerce.


Podcast episodes feature IBC CEO, SBA pubic information officer
Dan Hilferty, the CEO of Main Line Chamber of Commerce member Independence Blue Cross, shared his insights on how IBC is managing the pandemic and how technological innovations help IBC clients receive care in the latest episode of the Growing Greater podcast from the Select Greater Philadelphia Council. The previous episode featured Sonia Smith, a public information officer for the Small Business Administration in eastern Pennsylvania.


Best regards-Be safe,

Bernie

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Bernard Dagenais 
President & CEO 
The Main Line Chamber of Commerce 

 

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