April 10, 2020
Our friends at the Torrance Chamber of Commerce has put together this helpful list of resources for businesses….
•From the office of Senator Steven Bradford, 35th District, please see updated LA Small Business Resiliency Tool Kit at Los Angeles Small Business Resiliency Tool Kit
•Congress has approved $350 billion in emergency loans for small businesses to help keep workers employed. In fact, if small businesses maintain or later restore their payrolls, they may not have to repay some — or possibly any — of the loan. Here’s a guide and checklist from the U.S. Chamber of Commerce to help your small business through the process.
•California’s Small Business Development Centers are hosting daily live webinars and Q & A on the Economic Injury Disaster Loan and Paycheck Protection Program. Webinar is at 3pm and registration is free. Register here.
•The GO-Biz California Entrepreneurship Task Force (ETF) is hosting a virtual learning series tomorrow, April 10th from 11am – 12pm to connect and share resources, challenges, barriers, and opportunities for small businesses to improve pivot and adapt to the marketplace during COVID-19. Register for virtual session by clicking here: https://bit.ly/3bUFN81
•Required FFCRA Documentation, Recordkeeping for New Federal Paid Leave (COVID-19) The new Families First Coronavirus Response Act (FFCRA) has dominated employers’ attention with its provisions for emergency paid sick leave and expanded family and medical leave for reasons related to COVID-19. Read more here.
•In addition to the normal unemployment insurance (UI) payments (up to $450/week, depending on salary), applicants may receive up to an additional $600/week until July 31, 2020—meaning that workers may receive up to 100% wage replacement. However, EDD’s outdated internal data processing system may hinder its ability to timely change the benefits calculations. As a result, it is unclear when EDD will begin distributing the additional $600/week provided for in the CARES Act. Read more here.
•The City of Torrance has a resource page that connects you with important and relevant updates and guidance from the City, the CDC, and other helpful sites. Click here.
•The 2020 Census is underway. Participation is key since so much is tied to the results of the population count, such as the allocation of billions in federal funds for the next 10 years for health care, education, infrastructure. This is always crucial but now more than ever when we need all the resources we can get for the recovery of the current COVID-19 crisis.You can fill out your Census Questionnaires, right now, safely from your home, online or by phone. They will be mailing the Paper Questionnaires soon for those that prefer this method and mail back. Participate, be counted, and have a voice in shaping our communities future. Click here For Census 101.
•COVID-19 Workforce Reduction Guidance Podcast and Article. This pandemic has forced business owners to take a hard look at their viability and make very difficult business decisions. Topics addressed in podcast and article feature: Business Uncertainty, Furlough vs. Reduction in Force/Layoff, and Advanced Notice/Final Paychecks. Click here to read or listen.