Learn more about Chamber happenings here
Learn more about Chamber happenings here
Advancing the Prosperity of our Member Businesses and the Vitality of the Area.
Thursday, April 2, 2020  

Navigating Federal CARES Act-How to Determine Next Steps for Small Business? 

How does my business access money from the federal bill? 
By: Brad Meier, OACCT President
Happy Thursday, April 2nd,  
The big question from businesses this week, how do I access stimulus dollars and which program is right for me?  Here's starting points:
1. SBA’s Emergency Disaster Loan program (and $10,000 grant) is live at https://covid19relief.sba.gov/#/.  You can submit this on your own. (Note: it may be a shorter process than what’s stated on the application).
2. Payroll Protection Program-you will work through your local financial institution to submit this application.  You can access an application here.  Please NOTE: The SBA portal isn’t open until Friday (4/3) at the EARLIEST, so your banker isn’t able to submit until the SBA opens their systems.  Also know that some institutions will want your application submitted electronically and some will take paper copies-please contact your financing organization to find out directly.
3. Employee Retention tax credit information and other programs within the CARES Act should be discussed with your accountant and/or financial institution.  Remember, you aren’t able to use all the programs, so make sure you discuss what works best for your situation.
Please know your banker / credit union is working hard on this.  Financial institutions are receiving updated information and guidance, especially as it relates to the Payroll Protection Program, on a very frequent and ongoing basis.  There are still many unanswered questions as the government attempts to put together a $350 billion program in one week’s time.  There very well may be delays tomorrow as it is anticipated the SBA online portal will be swamped.

Questions on a Federal Level?  Ask the U.S. Chamber on Friday, April 3rd 

Join us for Facebook LIVE Q & A on Friday, April 3rd at 12:10 pm.  Submit any questions you have to Brad Meier, bmeier@owatonna.org

Businesses Urged to Follow Safe Practices

Public health is hearing from some employees about unsafe work situations at some businesses.  Please read this letter from Amy Caron, Steele County Public Health Director. 
Scott Behne left and Brad Anderson  cutting faceshields on the waterjet at FoamCraft Packaging

Protective Shields Produced Locally

A local group of business people have come together to answer a call from healthcare with a need for protective eyewear.  A simple request to our team from our local medical professionals less than 4 days ago.... plastic parts cut by local 3D Printers led by Steve Frank, plastic film sourced and donated by Andy Michaletz and Poly Plastics, cutting by Bob Ayers and FoamCraft Packaging, and networking by Owatonna Area Chamber of Commerce and Tourism. Soon...they'll have as many as 300 of these ready to go!  

Where in Owatonna Are We?

1. Find the spot
2. Take photo or selfie showing yourself in the spot.
3. Comment on the post with your photo or share your photo
using #visitowatonna.
Each spot you find will be counted as an entry into a drawing for an Owatonna Parks and Recreation hammock!
Follow the OACCT on Social Media
Want to keep up with Chamber news?  Follow us on Instagram @OwatonnaChamber or on Facebook Owatonna Area Chamber of Commerce and Tourism
powered by emma
Subscribe to our email list.