**NOTE: INFORMATION ON THIS PAGE IS ORGANIZED INTO 8 CATEGORIES – CLICK EACH TAB ABOVE TO VIEW MORE
***THIS PAGE IS SUBJECT TO CHANGE. VISIT OFTEN FOR UPDATES
Round 4 CARES Act Funding – 501(c) 6 are now eligible to apply for funding!
The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan with the same general loan terms as their First Draw PPP Loan.
Read more here
Employee Retention Tax Credit: The Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. The Employee Retention Tax Credit is based on the amount of wages paid per quarter, up to a maximum of $10,000 per employee in compensation, including health plan expenses. Any size business can use the credit, although the way qualified wages are defined is different for businesses with fewer than 100 workers. But for any business, there’s a cap of a $5,000 credit per employee (50% of the claimed wages up to $10,000).
President-Elect Biden announces proposed stimulus plan, American Rescue Plan. Read more in this single page summary and more detailed summary.
Nov 17: PA Secretary of State Announces Expanded Mask Order. Read more here.
The strengthened mask order includes the following –
- Masks are required to be worn indoors and outdoors if you are away from your home.
- When outdoors, a mask must be worn if you are not able to remain physically distant (at least 6 feet away) from someone not in your household the entire time you are outdoors.
- When indoors, masks will now be required even if you are physically distant from members not in your household. This means that even if you are able to be 6 feet apart, you will need to wear a mask while inside if with people other than members of your household.
- This order applies to every indoor facility, including homes, retail establishments, gyms, doctors’ offices, public transportation, and anywhere food is prepared, packaged or served.
FREE COVID-19 Prevention Kits for Small Business…while supplies last!
Kits include masks, face shields, signage, infrared thermometer, wipes and sanitizers. Call 610-489-6660 to schedule pickup time, or email info@pvchamber.net
Read October 1st Press Release (below) for more details.
Comcast RISE – Comcast Offers Thousands of Grants, Equipment, Marketing and Tech Resources to Small Businesses Hardest Hit by COVID. The first roll-out of the program will support black-owned businesses. Learn more here
Pottstown Mercury Article October 11, 2020: Montgomery County chambers join together to advocate for members, partner with county on PPE distribution
Press Release October 1, 2020
Alliance of Montgomery County Chambers of Commerce
Read More
Press Release October 1, 2020
Montco Commerce Department and Office of Public Health Partner with New Alliance of Chambers of Commerce to Distribute PPE Kits to Small Businesses
Read More
Montco Strong Non-Profit Resiliency and Restoration Grant Program Awardee List
PA 30 Day Fund – provides forgiveable loans up to $3,000 for small businesses. Quick reference flyer.
Montgomery County COVID-19 Guidance
Click here to find the latest updates, guidelines by industry type, timely updates and more.
May 28, 2020: Open Letter to legislatures from SE PA Chambers of Commerce
The letter urges to allow businesses to reopen!
INDUSTRY SPECIFIC UPDATES
Sept 21, 2020: Restaurant Self-Certification Process
Self-employed, independent contractors and gig workers eligible for unemployment compensation. Continued patience is needed for PA’s newly expanded unemployment help. Visit PA Department of Labor and Industry, and Pandemic Unemployment Assistance