Lehigh University SBDC & SBA Webinar on Tips to Manage Your PPP Loan
Resources for Businesses in the Lehigh Valley
Not sure if your business needs to close? Click to go to the PA web site to see the business types that may continue physical operations, in relation to the Governor's Executive Order mandating closures for COVID-19 mitigation. This list stays up-to-date as things are changing.
Release Paycheck Protection Program Loan Forgiveness Application Click to access
The information released May 15, 2020 provided guidance on:
- Options for borrowers to calculate payroll costs using an “alternative payroll covered period” that aligns with borrowers’ regular payroll cycles
- Flexibility to include eligible payroll and non-payroll expenses paid or incurred during the eight-week period after receiving their PPP loan
- Step-by-step instructions on how to perform the calculations required by the CARES Act to confirm eligibility for loan forgiveness
- Borrower-friendly implementation of statutory exemptions from loan forgiveness reduction based on rehiring by June 30
Addition of a new exemption from the loan forgiveness reduction for borrowers who have made a good-faith, written offer to rehire workers that was declined.
IRS extends deadline to make contributions to your 2019 IRA Accounts https://www.irs.gov/newsroom/filing-and-payment-deadlines-questions-and-answers
The Centers for Disease Control and Prevention is the leading national public health institute of the United States. It is also a United States federal agency under the Department of Health and Human Services. cdc.gov
Information on Disaster Loan Assistance from the Small Business Administration https://disasterloan.sba.gov/ela/
The mission of the Pennsylvania Department of Health is to promote healthy behaviors, prevent injury and disease, and to assure the safe delivery of quality health care for all people in Pennsylvania. health.pa.gov
Pennsylvania Unemployment Compensation COVID-19 Update for businesses:
For any employee or employer who is in need of information about unemployment compensation. https://www.uc.pa.gov/Pages/default.aspx
City of Bethlehem has a $300,000 Small business Emergency Relief Fund to assist City businesses impacted by COVID 19. Applications available on 4-22-20, click for info
Official Website of Lehigh County https://www.lehighcounty.org/
Official Website of Northampton County https://www.northamptoncounty.org/Pages/default.aspx
Lehigh Valley Chamber of Commerce https://www.lehighvalleychamber.org/
Lehigh Valley Economic Development Corporation https://lehighvalley.org/
The Lehigh Valley Chapter of SHRM is the premier professional association for human resource professionals in the Lehigh Valley and surrounding areas of Pennsylvania. https://www.shrmlv.org/default.aspx
Returning to Work Post Shut Down (Legal Webinar) click here and scroll down
Legal Webinar for executives on COVID-19 related issues (click here)
PPP Expense Tracking Tool from Concannon Miller (click to access)
SHRM Resource on Understanding the Coronavirus Paid-Leave Mandate
Overview & Summary of the CARES Act (click to download)
Capital Blue Cross Q&A Sheet with Guidance for Employer Groups
Covid-19 Info page from regional accounting firm Kreischer Miller
Tip sheet for preparing and Insurance Claim from Alera (Click to Download)
More from FL&B Law Offices, Guidance for non-profit organizations.
The Alera COVID-19 Dashboard is a resource for businesses including information and updates on Legal Alerts, Employer Resources, Webinars and more - https://aleragroup.com/coronavirus/
COVID-19 Guidance from local law firm FLB - https://www.flblaw.com/covid-19/
Statement from Rob Baker, President of The Executive Forum of the Lehigh Valley:
As we sit on the precipice of what will be one of the greatest challenges in each of our professional careers, it can be difficult to find accurate and reliable information that is pertinent to the business owners of the Greater Lehigh Valley. We have compiled below a list of resources all owners and executives should have at their fingertips as we each make some of the most consequential decisions in the history of our businesses. We will update the list as often as possible with important developments, and news of programs from all levels of government.
The Mission of the Executive Forum of the Lehigh Valley is "...to provide a unique executive environment where business and organizational leaders develop professional relationships, collaborate, and share resources." We need this collaboration and sharing of resources now more than ever and we're committed to delivering those benefits not just to our members, but to every local business that makes the Lehigh Valley one of the best places in the country to own a business.