We are going to keep this light today as not much big news has surfaced. Hopefully, all is going well for you, your employees, and your organizations.
Congress Returns Update
House leaders today reversed course on plans to bring the chamber back into session next week amid fears over whether Congress can safely operate business amid the coronavirus pandemic. The Senate, however, plans to move forward with reconvening on Monday.
Treasury Secretary Steven Mnuchin told CNBC on Tuesday the government will audit any company taking out more than $2 million from the Paycheck Protection Program. “I’m going to be putting out an announcement later this morning that for any loan over $2 million, the Small Business Administration will be doing a full review of that loan before there is loan forgiveness,” Mnuchin said.
SBA webinar recordings
SBA hosted two trainings this weekend. If you missed them, you could listen to the recordings online.
- Webinar 1 was an overview of all programs. Access the recording here: https://bit.ly/loanwebinar1
- Webinar 2 was specifically directed at sole-proprietors, the self-employed, and independent contractors. Access the recording here: https://bit.ly/loanwebinar2
Chicago Fed Survey of Business Conditions
We ask that you respond by Thursday, May 7. Go here to take the survey, or copy and paste the following URL into your internet browser:
In case you missed the email earlier today, our Chamber has also put together a short survey for feedback on COVID-19 IMPACT. Here is the link for that survey again: https://www.surveymonkey.com/r/2X3QYL7
Finally, another reminder for all of you from the earlier email. We are going to welcome back Congressman Bill Foster for a Federal update video conference on the newest round of federal funding. He will share with us info on the PPP and EIDL reopening, additional funding for health centers & hospitals, and ramped up testing. Additionally, he will talk about some of the proposals that we are hearing about for the “CARES Act 2” funding. Congressman Foster will also share his ideas on vaccine testing with health individuals. You may register with the link below for the 1:00 session this Friday, May 1st. After registering, you will receive instructions to join us that afternoon.
Joliet Region Chamber of Commerce & Industry Staff and Board of Directors
Vice President – Government Affairs
Joliet Region Chamber of Commerce & Industry