Coronavirus (or more specifically, COVID-19) has arrived in the US and it’s important for small businesses to act quickly to help slow the spread of the disease and to work to reduce the impact on daily operations. Keeping your business open and operating as usual must be balanced against important concerns for public safety. You don’t want to be THAT business in your local community that didn’t sufficiently protect your employees and / or customers.
COVID-19 is going to have an impact on all businesses and at the national level, lawmakers have acted with H.R.6074 - Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 which was signed into law on March 6, 2020. The $8.3 billion bill provides emergency funding for federal agencies to respond to the coronavirus outbreak. In addition to monies provided to the Department of Health and Human Services (HHS), the bill provides supplemental appropriations for the Small Business Administration (SBA) to include loans for affected small businesses. https://www.congress.gov/bill/116th-congress/house-bill/6074
Lawmakers have pressed SBA to Prepare Small Businesses for Coronavirus. According to a press release, on February 27, 2020, U.S. Senators Marco Rubio (R-FL) and Ben Cardin (D-MD), Chairman and Ranking Member of the Senate Committee on Small Business and Entrepreneurship, sent a letter to Jovita Carranza, Administrator of the U.S. Small Business Administration (SBA), requesting information on the agency’s plan to ensure small businesses are prepared to respond to potential disruptions caused by the coronavirus pandemic.
“As the situation continues to evolve, it is becoming clear that the threat of widespread transmission of COVID-19 could have severe economic impacts on small businesses and the U.S. economy as a whole,” the senators wrote. “For this reason, we urge you to take immediate action to ensure that small businesses and their employees are equipped to prepare for, and respond to, the anticipated spread of COVID-19 in order to reduce both short-term and long-term disruptions.”
The full text of the Rubio/Cardin letter is here: https://www.sbc.senate.gov/public/index.cfm/2020/2/rubio-cardin-urge-sba-to-prepare-small-businesses-for-coronavirus )
In President Trump’s nationally televised speech to address th...morePosted at 3/12/2020 5:47:37 PM