COVID-19 - What You Need to Know TODAY May 11, 2020May 11, 2020CLICK HERE FOR MORE DETAILS
Late last week, the U.S. Chamber and MetLife released the monthly Small Business Coronavirus Impact Poll which surveys how small businesses nationwide are adapting their operations in the wake of the COVID-19 (Coronavirus) Pandemic. Here is a look at the numbers:
27% of small businesses have shortened their hours
26% of small businesses have asked customers for support or started a crowdfunding campaign
19% of small businesses have adjusted employee salaries or hours
19% of small businesses have applied for a working capital loan (nearly a five-fold increase from last month)
For a complete look at the numbers, please CLICK HERE.
FEDERAL & STATE UPDATES FOR BUSINESS
As a result of the CARES Act, the Federal Reserve created the Main Street Lending Program to provide $600 billion in financing for small and medium-sized businesses. Loans start at $500,000. Please CLICK HERE to learn how to apply for one of the program’s three new lending facilities.
As businesses begin to reopen across the state, there is still a level of uncertainty around legal liabilities, including safe workplace requirements, health privacy concerns, and more. The U.S. Chamber has provided some guidance and advice on this matter. The Texas Association of Business has also compiled reopening heath recommendations from health officials on their COVID-19 (Coronavirus) webpage.
The Governor announced that the Texas Division of Emergency Management (TDEM) has applied for Federal Emergency Management Agency (FEMA) assistance to provide financial support to Texas’ network of food banks. If approved, this funding will provide nearly $70 million for Texas’ network of 21 food banks and will allow food banks to work with their supply chain networks to shore up supplies and provide more nutritional support to those in need.
Williamson County announced they will no longer send out press releases with the latest COVID-19 statistics but will still send out a press release with each new COVID-19 related death. With that, the county announced the 13th COVID-19 related death on Saturday. The resident was a male in his 90s.
Leander ISD sent out their weekly update on Friday. Inside Message #25 there are messages from the LISD Board of Trustees, information on AP Exams and Off-Campus PE Applications to name a few. For more information about any of these, please CLICK HERE.
IN CLOSING TODAY
As we enter our 9th week of dealing with COVID-19 locally, it is always a good reminder to stop and think about others. Other businesses. Other families. Other residents who are dealing with similar situations. The people you know and care for may be going through a particularly rough time. Be sure to ask people how they are doing. I say this once a week, but don’t just ask to ask. Ask specific questions. Follow up with them. You know your friends and family better than most, if something feels off then ask them more questions.
Some people put on a brave face while dealing with a lot in their lives. Remember that we don’t always know what is going on in somebody else’s life. It could be business-related. It could be personal. But sometimes it just takes a caring question to make that person feel a little better.
Be safe and be kind to one another!