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Saturday, July 25, 2020

Recovery Resources: CEO statement on masks; more on SBA loans and the plight of restaurants

Posted by: Main Line Chamber on Saturday, July 25, 2020 at 9:30:00 am Comments (0)

A statement from the President and CEO of the Main Line Chamber
“As new coronavirus cases in Pennsylvania continue to match high rates last attained in May, it’s vitally important that our region rally around the idea that the expectation and legal requirement for individuals to wear a mask in public is a responsibility that is part of living in a society in which many things that we do affect others. This is no more an assault on individual rights than requiring co-workers not to smoke in an office environment. Gov. Wolf’s rollback of restaurant occupancy requirements, part of a broader set of ramped-up restrictions, is devastating to a segment of our Chamber’s membership. While we lacked this information at the start of the pandemic, we now know that mask wearing significantly helps prevent the spread of COVID-19.

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Wednesday, July 1, 2020

Recovery Resources: State grants; safeguarding employees and inexpensive PPE today

Posted by: Main Line Chamber on Wednesday, July 1, 2020 at 10:00:00 am Comments (0)

Applications now being accepted for state’s COVID-19 small business aid program
Small businesses whose operations have been affected by the novel coronavirus pandemic can begin applying for the $225 million in grants that will be given out under the state’s COVID-19 Relief Pennsylvania Statewide Small Business Assistance Program. To qualify, businesses must have 25 or fewer full-time employees and annual revenue of $1 million or less. The grants will range from $5,000 to $50,000 and be awarded in multiple rounds. Applications, which are being accepted for 10 days starting on June 30, will be prioritized and applicants will be selected for funding based on the program’s criteria, not on a first-come, first-served basis. Businesses must apply through a Community Development Financial Institution in their county.

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Friday, June 26, 2020

Recovery Resources: Going green today edition, new grants, recession news and growth strategies

Posted by: Main Line Chamber on Friday, June 26, 2020 at 8:45:00 am Comments (0)

Southeast counties going green, but restrictions remain
Chester, Delaware and Montgomery Counties on Friday moved into the green phase of the state of Pennsylvania’s classification system for reopening in the wake of COVID-19 shut-down orders. Delaware County offers a list of the work and social restrictions that remain in place during the green phase. Restaurants, bars and entertainment venues, including casinos, theaters and shopping malls, can operate at 50 percent capacity. So can hair salons, and barbershops, although they can only accept patrons by appointment. Indoor recreation, health and wellness facilities, and personal care services such as gyms and spas, also can operate at 50 percent capacity, preferably by appointment. Construction activity can return to full capacity with continued implementation of safety protocols. Gatherings of more than 250 people are prohibited, and people are required to wear masks when entering businesses.

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Thursday, June 11, 2020

Recovery Resources: New loans, cheap PPE and county resources on opening safely

Posted by: Main Line Chamber on Thursday, June 11, 2020 at 3:45:00 pm Comments (0)

Safety equipment kits for businesses available from MLCC
The Main Line Chamber of Commerce is distributing Personal Protective Equipment (PPE) kits as part its role as a member of the Chester County Recovery Task Force. The $10 kits include 100 masks, 100 pairs of gloves and a half gallon of hand sanitizer and will be available for pickup on June 16 from 9-5 at the Chamber offices in Wayne. Although any business or nonprofit member of the chamber with fewer than 100 employees is eligible, preference is given to Chester County businesses for this set of kits.

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Saturday, May 30, 2020

Recover Resources: Going yellow, Chambers and counties provide advocacy and resources

Posted by: Main Line Chamber on Saturday, May 30, 2020 at 10:00:00 am Comments (0)

With yellow phase to begin locally next Friday, Governor outlines details of green
Gov. Wolf provided additional guidance on the opening process as he expects Bucks, Chester, Delaware and Montgomery counties and Philadelphia to move by June 5 to the yellow phase of the state’s three-phase system for classifying counties in the wake of a stay-at-home order that will end on that date.

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Thursday, May 14, 2020

Recovery Resources: Tracking numbers to opening, nonprofits funds in Delco and Montco

Posted by: Main Line Chamber on Thursday, May 14, 2020 at 3:00:00 pm Comments (0)
Tracking Chesco, Delco, Montco progress toward elusive next step toward reopening
Chester, Delaware and Montgomery counties are nowhere near meeting one of the goals that Gov. Tom Wolf wants a county to hit before it can be reopened, according to COVID-19 tracking data from the counties. The governor wants counties to have reported fewer than 50 new confirmed COVID-19 cases per 100,000 people to the state Department of Health in the 14 days prior to reopening. 
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Friday, May 8, 2020

Recovery Resources: Liability protections, Montco funds for businesses, state orders update

Posted by: Main Line Chamber on Friday, May 8, 2020 at 4:30:00 pm Comments (0)

Liability protections for opening businesses becomes source of debate
Pennsylvania Senate Majority Leader Jake Corman, R-Centre, said in a conference call this week that he wants liability protections for businesses that follow Centers for Disease Control and Prevention guidelines when they are allowed to reopen. Nationally, ABC reports, many businesses are seeking to have Congress grant them similar protections in the next round of stimulus legislation. 

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Wednesday, May 6, 2020

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

Posted by: Main Line Chamber on Wednesday, May 6, 2020 at 12:30:00 pm Comments (0)

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. 

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Friday, May 1, 2020

Recovery Resources: Fed lending, Delco grants, Census, Chesco task force, St. Joe’s content

Posted by: Main Line Chamber on Friday, May 1, 2020 at 2:00:00 pm Comments (0)

Federal Reserve expands Main Street Lending Program
The Federal Reserve is expanding the scope and eligibility requirements of its Main Street Lending Program. The Fed has created a third loan option with increased risk sharing by lenders for borrowers with greater leverage; lowered the minimum size for loans under two options to $500,000 from $1 million; and increased the size of businesses eligible for the loans to 15,000 employees or $5 billion in annual revenue. The program will be funded by the Treasury Department with $75 billion from the Coronavirus Aid, Relief, and Economic Security Act. The Fed plans to announce a start date for the program soon.

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Friday, April 24, 2020

Recovery Resources – Reopening plan, Delco fund, Villanova student projects, what’s in CARES II

Posted by: Main Line Chamber on Friday, April 24, 2020 at 1:30:00 pm Comments (0)

Pennsylvania’s reopening plan: Chart and Q&A
The Harrisburg Patriot-News provides detailed coverage of Gov. Tom Wolf’s statement about how he plans to start reopening the state’s businesses and easing stay-at-home orders, beginning on May 8. In addition to a chart outlining the plan, the PennLive website provides a detailed set of questions and answers interpreting how the plan will work.

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Wednesday, April 22, 2020

Recovery Resources 4/22 – federal action, loosening PA restrictions and tax expert

Posted by: Main Line Chamber on Wednesday, April 22, 2020 at 3:45:00 pm Comments (0)

Senate passes $484 billion bill to help small businesses and fund hospitals and testing
The Senate on Tuesday afternoon passed a $484 billion package to replenish the Paycheck Protection Program and a small business emergency grant and loan program, as well as provide funding to hospitals and a new coronavirus testing program. The House is expected to approve the measure Thursday. President Trump has said he would sign the measure into law. The legislation would provide $310 billion to the PPP, $60 billion to the small business program, $75 billion to hospitals and $25 billion to the testing program. More information about the bill can be found in a Washington Post story.

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Friday, April 10, 2020

COVID-19 Recovery Resources – Individual financial support and mental health

Posted by: Main Line Chamber on Friday, April 10, 2020 at 3:00:00 pm Comments (0)

IRS to start making Economic Impact Payments this month
The Internal Revenue Service is slated to begin distributing economic impact payments authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES) this month. USA Today reports that the first set of $1,200 payments to individuals, and $2,400 for joint taxpayers, are on track to go out next week and that the first few sets of checks will be prioritized toward people who have low incomes and/or get Social Security payments. The IRS says most people won’t need to do anything to receive the payments. The payment phases out at $75,000 income for singles and $150,000 for couples.

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Wednesday, April 8, 2020

COVID-19 Recovery Resources - Direct from a U.S. Congresswoman and Senator

Posted by: Main Line Chamber on Wednesday, April 8, 2020 at 2:30:00 pm Comments (0)

Congresswoman Houlahan shares basis of federal funding amount at Chamber event
Congresswoman Chrissy Holahan, during a Live Virtual Main Line Chamber of Commerce Covid-19 Recovery Resources Event Tuesday, said the justification for nearly $350 billion in loans available through the Payroll Protection Program assumed that 90 percent of all eligible businesses would apply. This indicates that fears of the money running out quickly could be largely unfounded. A video of her interview, including questions from participants, can be found on our Recovery Resources page.

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Friday, April 3, 2020

COVID-19 Recovery Resources – breaking news on loans, shut-down order

Posted by: Main Line Chamber on Friday, April 3, 2020 at 9:00:00 am Comments (0)
Friday marks the last day for businesses to apply for shutdown waiver
Friday, April 3 is the last day for businesses to seek an exemption from the Pennsylvania Department of Community and Economic Development to orders to close the physical locations of non-life sustaining businesses to slow the spread of the COVID-19 virus. The online form must be submitted to the DCED by 5 p.m. Businesses thinking of applying for an exemption should read the state’s Life Sustaining Business Frequently Asked Questions before doing so. The DCED said it had received 32,474 exemption requests as of the close of business March 31 and was working to process them as quickly as possible.
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Thursday, March 26, 2020

COVID-19 Recovery Resources – state solicits loan applications; what’s in the federal package

Posted by: Main Line Chamber on Thursday, March 26, 2020 at 5:25:00 pm Comments (0)

U.S. Chamber shares highlights of bi-partisan coronavirus stimulus bill
The U.S. Chamber of Commerce is blogging live on the details of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The bipartisan bill negotiated in the Senate includes $350 billion in loans for small businesses, delayed payroll tax payments to boost business liquidity and $500 billion in federally backed loans and loan guarantees for midsize ad large businesses.

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Tuesday, March 24, 2020

COVID 19 Resources – New guidance: It's OK to go to the office when...

Posted by: Main Line Chamber on Tuesday, March 24, 2020 at 4:30:00 pm Comments (0)

Main Line Chamber clarifies stay at home order for some business
Public health was understandably prioritized over economic concerns as Pennsylvania Gov. Tom Wolf announced Monday a stay at home order through April 6 for the counties of Montgomery, Chester, Delaware, Philadelphia, Bucks, Monroe and Allegheny. As with previous government orders from the Administration, however, even with accompanying guidance, inconsistencies and confusion have been an issue for local businesses. In response to an inquiry by The Main Line Chamber of Commerce, the state Department of Community and Economic Development approved specific activities pertaining to going to a physical office.

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Saturday, March 21, 2020

COVID-19 Recovery Resources – and a message from the CEO

Posted by: Main Line Chamber on Saturday, March 21, 2020 at 12:00:00 pm Comments (0)

When Gov. Wolf announced wide-sweeping government shutdowns that caused widespread confusion, we reached out for clarification and questioned some of the specifics. The creation of this COVID-19 Recovery Resources email newsletter occurred on the fly last week and will continue to evolve. We will draw attention to sources of aid for businesses, nonprofits and residents. As an organization focused on the importance of education and talent development, we have been pleased to provide links to resources to parents with children at home. Our Leadership Main Line program will continue on a modified schedule using virtual tools we are adopting with good success.

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Wednesday, March 18, 2020

COVID-19 Recovery Resources – a service of The Main Line Chamber

Posted by: Main Line Chamber on Wednesday, March 18, 2020 at 11:00:00 am Comments (0)

Senators balance paid sick leave with worries about impact on small business
The U.S. Senate is weighing a coronavirus virus relief package but the issue of paid sick leave has emerged as a sticking point for some lawmakers. The House of Representatives passed a relief package that includes paid sick leave for workers and President Donald Trump has said he supports it. Pennsylvania's two U.S. senators say they want to ensure workers who aren't getting paid get the help they need, but not at the cost of destroying “thousands of small businesses,” reports PennLive in the Harrisburg Patriot-News.

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Monday, March 16, 2020

A message to our members - COVID-19 Recovery Resources
a service of the Main Line Chamber

COVID-19, Recovery, Resources
Posted by: Main Line Chamber on Monday, March 16, 2020 at 4:15:00 pm Comments (0)

A message from your chamber of commerce
From Main Line Chamber of Commerce President & CEO Bernard Dagenais: “These unprecedented times call for unprecedented measures. The Chamber team is committed to serving our members through this period of heightened concern. This will include providing additional communications and guidance, sharing information about topics such as remote work technologies, practices and policies, government aid, disaster preparedness and other shared resources provided by members and government.” This inaugural issue of COVID-19 Recovery Resources, a service of The Main Line Chamber, is one example.

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