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Advancing the Prosperity of our Member Businesses and the Vitality of the Area.
Tuesday, December 22,2020
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Details Emerge on Federal Stimulus for BusinessIt's a $900B package that restarts the Paycheck Protection Program (PPP), fills the SBA's Emergency Injury Disaster Loan (EIDL) program, and allows for businesses to use more than one program. When signed, this stimulus would send dollars immediately into the economy.
Let's break down the details for businesses (Guide to Small Business Covid Emergency Loans). $284B in PPP dollars for small business:
- Expanded uses including Operations (technology, computers), Supplier Costs and Worker Protection items (PPE, safety items).
- 60% must still be used on payroll
- Runs until March 31, 2021
- Second draw allowed for those who received the 1st round of PPP, to qualify for 2nd round: must show 25% decrease in revenues, limit to businesses with less than 300 employees and is up to $2M. (*Note: if this is your first time using PPP, the % in revenue decrease is not a requirement)
- Will be administered through your banker, through the SBA and is still first-come, first-serve READ FULL BLOG POST (INCLUDING ADDITIONAL BUSINESS BENEFITS)
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Restaurant Pain is RealIn a recent survey conducted by the Owatonna Area Chamber of Commerce & Tourism (OACCT) with member Bar/Restaurants, losses are mounting. 62% of responding restaurants say that take out is partially or not at all covering their expenses of operation. They unanimously replied that take out or gift cards are the best way for locals to support their business.
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Want to win $50 in Chamber Bucks?
We've teamed up with Owatonna Cash Wise Foods and are challenging businesses & community members to support Owatonna' restaurant and bars by ordering takeout.
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Check Out the E-Commerce Store for the HolidaysNeed a last minute gift? Why not SHOP LOCAL for the hard to buy for relative, friend or neighbor this season! Chamber dollars can be spent at over 530 local businesses and it's easier than ever to purchase online, stop in (M-F; 8 am - 5 pm)or give us a call (451-7970).
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New American Family Insurance Opens
Ambassadors visited with American Family Insurance-Mazariego Agency; 122 South Oak in Owatonna to welcome them as a new member. Oscar Mazariego is the owner. As our American Family Insurance agent, the Mazariego Agency can offer you dependable auto, home, business, health and life insurance as well as other insurance products.
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New Chamber Board Members
-Cast Your Ballot NOW for the 2021 - 2023 Board Members due by 5 pm on Tuesday, December 29th. -The OACCT office will be closing at noon on Thursday, December 24th and all day Friday, December 25th. On behalf of the Board of Directors and staff, we wish each of you a safe, happy & healthy Holiday Season!
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Opportunity to Highlight your Business in 2021!
With the uncertainly of in-door events and group gatherings, OACCT would like to offer a virtual option for the first quarter of 2021. Here is what OACCT will provide:
- Promote your event twice in weekly e-newsletter (Tuesday Talk)
- Promoted in the Business Brief, website & on Social Media
- Your choice of ZOOM Virtual Event, FaceBook LIVE or pre-recorded video
- Openings in 2021: January & March
- Openings in 2021 (With current Executive Orders outdoor venue or space large enough): April, May, June & August
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Supplies Still Available!Shields of Steele - SOS continues to have supplies available for local businesses during the pandemic. If you have need of shop towels, disinfectant, hand sanitizer, hand wipes, disposable masks, fabric masks, Tyvek gloves, shields, or ear savers for your business, please email: shieldsofsteele@charter.net.
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50 Words for $50
Feature a special offer, an upcoming event or company information--but it must be 50 words. The cost to participate is $50 per week.
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National Entrepreneurship Week 2021Please help us nominate deserving individuals for enshrinement into the Owatonna Area Business Development Center Hall of Fame! The nomination deadline is Monday, January 4, 2021. National Entrepreneurship Week 2021 events will take place early next year. Visit https://www.owatonna.biz/nominations to learn more, review past honorees, and to submit a nomination.
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OACCT Now on Twitter
Are you a Twitter user? Want to keep up with Chamber news? Follow us on Twitter @OwatonnaChamber
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