Recovery Resources: Comcast grant program, PPP guidance and free mask distributions

Comcast launches pandemic recovery initiative for small businesses
Comcast has launched a three-year initiative called Comcast RISE (representation, investment strength and empowerment) to help small businesses recover from the novel coronavirus pandemic. In the initial wave, black small business owners can apply for marketing and technology support and equipment to help them jumpstart and sustain their operations. The next wave will target BIPOC (Black, Indigenous and People of Color) small business owners. All small businesses can sign up for free marketing insights and resources. In the coming months, Comcast will be awarding grants of up to $10,000 for U.S.-based small and diverse businesses that are three to five years old.

SBA issues simplified forgiveness application for PPP loans
The Small Business Administration, in consultation with the Treasury Department, has released a simplified loan forgiveness application for Paycheck Protection Program loans of $50,000 or less, according to Main Line Chamber of Commerce member Isdaner & Company. The SBA also issued a new interim rule that provides guidance relating to forgiveness and loan review processes for PPP loans under $50,000. The SBA began approving PPP loan forgiveness applications and remitting forgiveness payments to PPP lenders for PPP borrowers on Oct. 2.

Chamber to distribute PPE, masks
The Main Line Chamber of Commerce will be distributing kits of personal protective equipment to small business in Montgomery County and masks for businesses in Chester County. The kits available to Montgomery County businesses include face masks, face shields, sanitizer, a thermometer, #MaskUpMontco window clings and documents that provide COVID-19 information and guidance. The county bought the kits with funding from the Coronavirus Aid, Relief, and Economic Security (CARES) Act and is making them available to businesses. The chamber also will be distributing masks and signs and other items promoting Chester County’s “Simple Ask: Wear a Mask” public health campaign to businesses in Chester County. A more detailed announcement about the distribution process will soon be available. Small businesses located in Delaware County, Montgomery County or Chester County seeking free PPE can email the chamber at [email protected].

Senate set to vote on stimulus bill with little chance of becoming law
Majority Leader Mitch McConnell said the Senate will vote next week on a $500 billion COVID-19 relief package, but it appears to be too small for Democrats and President Trump, according to Roll Call. Shortly after McConnell announced the vote, the president tweeted, “STIMULUS! Go big or go home!!!” The Trump administration last week proposed a $1.8 trillion relief package that Senate Republicans said was too large and Democrats in the House of Representatives said was too small. Earlier this month, in a move that sheds light on stimulus check negotiations, the House passed a $2.2 trillion relief bill that was a revised version of a bill it passed in May.