COVID-19 New Legislation & New Info for Businesses

WI Veterans Chamber Event Series - 3/20/2020

 

NEW: U.S. Sen. Baldwin: Introduces loan forgiveness plan to support small businesses hurt by coronavirus pandemic - Legislation expands emergency support to keep businesses running and workers on the payroll throughout the crisis. See It Here
 

Gov. Evers Issues Emergency Order on Unemployment Benefits

Governor Evers issued Emergency Order #7, directing the Department of Workforce development to loosen some requirements for unemployment insurance benefits during the public health emergency as declared by the Governor. The order does all of the following: The order is in place as long as there remains a public health emergency as declared by the Governor. See the full Emergency Order here.
 

Families First Coronavirus Response Act -

This bill responds to the coronavirus outbreak by providing paid sick leave and free coronavirus testing, expanding food assistance and unemployment benefits, and requiring employers to provide additional protections for health care workers. More on the bill here
 

MRA will have a Livestream briefing on The Families First Coronavirus Response Act - Tuesday, March 24, 2020
9:00 – 10:30 a.m. 
Register

What's Happening Now?

The SBA will soon be providing Wisconsin small business assistance through its disaster loan program. Governor Evers has already submitted the declaration request, thanks to an easing of requirements by the SBA Administrator yesterday and we expect approval very soon. 

While no one can apply for a loan until the declaration is approved, you can get started right now with forms you'll need and be ready to go when the portal opens.

  • Tax Information Authorization (IRS Form 4506T) for the applicant, principals, and affiliates.
  • Complete copies of the most recent Federal Income Tax Return.
  • Schedule of Liabilities (SBA Form 2202).
  • Personal Financial Statement (SBA Form 413).
  • Profit and loss statements
  • Monthly sales figures (SBA Form 1368)

For more on SBA programs for the coronavirus, please visit www.sba.gov/coronavirus.

WEDC announces targeted grants to small businesses suffering losses due to COVID-19 emergency- $5 million grant program will assist "smallest of the small” businesses around the state

The WEDC Board of Directors on Tuesday, March 17 approved $5 million in funding for the program, which will be known as Small Business 20/20 (SB20/20). SB20/20 will provide grants of up to $20,000 to targeted businesses with up to 20 workers to cover rent and to meet payroll expenses, including paid leave (including sick, family and other leave related to COVID-19). More Info Here 

Click Here for the COVID-19 WI Veterans Chamber Member Guide 

WI Veterans Chamber Gold Sponsor Reinhart Boerner Van Deuren -
They have put together a cross-disciplinary group of experts that are issuing guidance on various topics including health care issues, labor and employment issues, and supply chain issues, among others, created by COVID-19. Get it Here

Our mission is your success, and that includes these hard and unsure times. How can we help you? How are you impacted at this time? We are asking members to let us know if they are having online sales or special offers right now that we can help promote through our Chamber network. 
Please submit them here 

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Newsletter produced by WVCC staff, volunteers, and Anita Adamski Design.

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