Now Accepting Small Business Loan Applications

A special message from Senator Todd Young, April 6, 2020

Coronavirus – Small Business Loan Applications:  
Friday was the first day small businesses could apply for loans under the Paycheck Protection Program made available from the CARES Act. The Payment Protection Program will support Hoosier employers and workers by authorizing loans for small businesses to utilize for job retention and other expenses. As of April 5, 124,000 loans have been processed totaling $36 billion through the Paycheck Protection Program. To learn more about the program and who is eligible, click here or here.

Hoosiers can also visit young.senate.gov/coronavirus or email COVID_19@young.senate.gov for additional assistance.

Constituent Spotlight:
Brothers Bradley McHugh and Bruce Merrill from Indianapolis are using their 3D printers to make face shields for hospital workers and first responders. 

It is inspiring seeing Hoosiers like McHugh and Merrill stepping up to help their communities as we navigate this public health emergency. Learn more about their story in the Indy Star’s article: “Brothers turn 3D printers into protective mask producers: ‘We just want to do our part’

Legislative Update:

Support for Farmers During Coronavirus Pandemic
This weekend I joined a bipartisan group of Senators on a letter to the Secretary of Agriculture urging the Administration to ensure the continuity of our country’s food supply and to support rural areas during the coronavirus pandemic by providing needed relief to farmers. Americans always depend on our nation’s farmers to grow the food, fuel, and fiber that we all need, but that reliance becomes much more pronounced in times of crisis. Learn more about my letter here in WSBT’s coverage. 

Protecting Seniors from Coronavirus Scams
At this time of heightened public fears, reports have highlighted that scams pertaining to the coronavirus are increasing, and that seniors—arguably the most vulnerable population to both the coronavirus and bad actors—have been targeted with calls telling them that the COVID-19 vaccination is ready when no such treatment currently exists.

Other reports have outlined how scammers have gone to the homes of elderly people to administer fake tests while also charging them and obtaining their social security numbers.  Although the FTC has sent warning letters to seven sellers of fraudulent COVID-19 treatments, we are concerned that further action is needed to protect the financial wellbeing of seniors—who lose an estimated $3 billion annually from financial scams.

This is why I joined a group of senators urging the Federal Trade Commission (FTC) to protect seniors from coronavirus-related scams and to assist victims in understanding their recourse options against those attempting to financially exploit them during this pandemic.

Federal Assistance for Small Businesses

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

Webinar: Disaster Assistance Loans from the Small Business Administration

Presented by the Indiana Chamber and Barnes & Thornburg LLP

April 1, 2020 – 12:30 – 2:00 p.m. EDT
No cost for members

Join Barnes & Thornburg attorneys for a discussion about loan programs available through the Small Business Administration (SBA) under the CARES Act and through the SBA’s disaster assistance program. 

The CARES ACT provides for $349 billion to be used to guarantee loans to small businesses and other entities that have 500 employees or less.  Eligible borrowers can obtain up to a $10 million loan based on 2.5 times the average monthly payroll costs as determined over a 12-month or annualized basis (depending on the nature of the business) prior to the COVID-19 outbreak in the United States.  One of the most anticipated provisions of the program is the “forgivable” nature of the loan, in which a borrower under a covered loan can potentially have up to the entire principal amount of the loan forgiven. 

Small businesses and nonprofits affected by COVID-19 may be eligible for up to $2 million in SBA disaster assistance loans. This program will review the SBA economic injury disaster loan (EIDL) process, the documents required for applying for a loan and assess the practical business implications for companies seeking SBA assistance.

The webinar will be presented by Jason Myers and Mary Comazzi of Barnes & Thornburg LLP. 

Also, visit the Chamber’s coronavirus resource page for updated federal and state information as it becomes available. 

Purdue MEP and COVID-19 Resources

During these unprecedented times, the Purdue MEP Center remains dedicated to serving Indiana’s manufacturers. While face-to-face interactions have been suspended for the next few weeks, staff is available to assist your company. A Free MEP Consultation webpage will be launching soon should you have questions or need guidance. Subject matter experts are available to your company for consultation to help address manufacturing challenges. 

The Free MEP Consultation request form will be located on the Coronavirus: Updates & How to Prepare site here (https://mep.purdue.edu/coronavirus-updates-how-to-prepare/).  This Purdue MEP webpage also contains links to other COVID-19 related resources.

Another COVID-19 resource page you may find useful is on the Indiana Manufacturers Association website found here (https://www.imaweb.com/covid-19).  This site also contains a lot of information, especially for interpreting Governor Holcomb’s Stay At Home executive order.

DWD to host statewide unemployment insurance webinar for Hoosiers impacted by COVID-19

The Indiana Department of Workforce Development (DWD) will be hosting a live webinar for Hoosiers impacted by the COVID-19 crisis. The 30-minute live program will be held at 3 p.m. on Wednesday, March 25.

The program will cover unemployment eligibility requirements, the formula and amounts determined by Indiana State Statute for benefit amounts, frequently asked questions and how to apply for benefits.

“We are taking these measures to help the public better understand the process and, most importantly, how to apply for benefits,” DWD Commissioner Fred Payne said. “During this time of uncertainty, we want to provide as much information to the public as we possibly can, and the live webinars are part of those efforts.”

Important notice: The number of attendees on live will be limited to the first 500 who are online for the event. Up to 5,000 can register. The program will be recorded and made available to all who register. Once recorded, the program will then be posted on the special landing page established by DWD: www.in.gov/dwd/19.htm

To register, visit: https://on.in.gov/UI2020

IEDA COVID-19 RESOURCE PAGE

Don’t forget to visit the IEDA COVID-19 Resource Page. We’re updating it multiple times a day to bring you the most information. You’ll find the Governor’s Executive Order 20-08 along with other valuable information. Have more items to add? Email jillewing@ieda.org

Resources for Local Business and Industry in the Time of COVID-19

Staff of the Scott County Economic Development Corporation is continuing our effort to find available resources to support local companies and communities through this difficult time of economic disruption. We have posted those resources on our website which is www.scottcountyin.com and on our social media platforms for your convenience and will continue to do so as they are made available.  

For now, we want to make sure business decision makers, community leaders, and local residents are aware of a few of these specific opportunities that are provided by our partners throughout the nation and state:

SBA Economic Injury Disaster Loans: The SBA EIDL program can provide low-interest loans of up to $2 million to businesses and private non-profits to pay fixed debts, payroll, accounts payable and other bills. EIDL’s have long-term repayment options, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based on borrower’s ability to repay. Apply HERE.

Indiana Department of Workforce Development: DWD will host two live webinars for Hoosiers impacted by the COVID-19 crisis. The 30-minute live programs will be held at 10:30 a.m. on Tuesday, March 24, and at 3 p.m. on Wednesday, March 25. Register HERE. Once recorded, the program will then be posted HERE.

WorkOne Unemployment Insurance Benefit Filing – must be done online only through a computer or smart phone.  Individuals should visit unemployment.in.gov for frequently asked questions. 

The Indiana Chamber of Commerce – has activated a statewide employer coronavirus resource center which may be accessed at  https://www.indianachamber.com/indiana-chamber-offers-employer-coronavirus-resources/

The Indiana Economic Development Association – has a number of programs that are invaluable to local business and industry.  Examples include:  Below you’ll find links and resources to help you during the pandemic from the Indiana Economic Development Association.

*  SBA programs for the Coronavirus

*  SBOA Memo: Items to Consider when Governing Bodies are Developing Actions/Policies Regarding Coronavirus

*  Resources For Chambers & Your Businesses

*  Resources for the Indiana Tourism Industry

*  Department of Workforce Development’s COVID-19 Information

*  Restore Your Economy: Resources for Economic Development Planning and Recovery

Moving forward, please let me know if you have resources not listed above, and I will update our website as they come in. On behalf of the Board of Directors and staff, we wish you prosperity and good health in the days to come…

Anita Campbell-Walker
Interim Director | Scott County Economic Development Corporation 

Contact SCEDC

Indiana Chamber Coronavirus Update 3-20-20

As all our daily lives continue to be transformed by the COVID-19 pandemic, a constant you can rely on is that the Indiana Chamber of Commerce is here for your organization. We will do everything we can to help get the Hoosier business community through this and recover as quickly as possible.  

What we are doing:

  • The full Indiana Chamber team is working (predominately remotely) and ready to assist you as always. We encourage you to reach out to staff and access resources and benefits via the membership hub 
  • Upcoming direct communications from key public officials so you have a forum to receive information firsthand and have your business concerns heard. During the Chamber’s Executive Committee call on Wednesday, Governor Holcomb and Dr. Kristina Box, the state health commissioner, spoke about the coronavirus impact in Indiana; we were left encouraged that the state is taking the right steps amid these trying times. They too, of course, cannot answer the question of “how long” 
  • Our statewide employer coronavirus resource center provides you with information under three umbrellas: Health, Tools You Can Use, and Government and Community Assistance. This will be updated on a regular basis. Example: Important tax information released by the state. You can also ask us your specific business questions that will be answered by staff and private sector professionals 
  • Free webinar on Monday covering key legal/workplace issues, presented by Faegre Drinker 
  • Adapting our event schedule and delivery to still meet your needs. Our in-person events for the spring have been postponed, rescheduled, combined with similar programs later in the year or switched to virtual sessions. For example, the Wellness Council’s Indiana Workforce Recovery employee strategy meetings on addiction are still taking place virtually (April 2, 7 and 27)

The Indiana Chamber has been here for nearly 100 years through the broad support of the business community. We know things aren’t business as usual – they can’t be with so much uncertainty going on. But if we band together, we can be stronger and better weather this unprecedented situation. 

The Chamber is fully prepared to help play a vital role in the business community’s ultimate recovery – which will happen. Until then, please reach out and let our team know how we can assist your efforts.

Tim Haffner
Indiana Chamber Board Chair 
Faegre Drinker, Fort Wayne

JoAnn Brouillette
Indiana Chamber Board Vice Chair
Demeter LP, Fowler

Unemployment Insurance Benefit Filing Must be Filed Online

In response to the COVID 19 virus pandemic, WorkOne Southern Indiana is taking actions to safeguard WorkOne staff and customers while maintaining services to the extent possible. These actions are consistent with guidance from the Indiana State Department of Health (ISDH) and the Center for Disease Control (CDC) and have been coordinated with the State Department of Workforce Development (DWD). 

Effective Thursday, March 19, 2020 the following changes will take place:  

Affiliate locations in Clark, Crawford, Harrison, Scott and Washington Counties are temporarily closed.

The comprehensive WorkOne Center located at 2125 State St. #16, New Albany remains open at this time, with limited staffing, to provide access for self-service unemployment claims filing only. Claims must be filed online ONLY, through a computer or smart phone. Individuals should visit unemployment.in.gov for Frequently Asked Questions, video tutorials, and a link to file for unemployment insurance. If individuals have issues with their claim (after filing) they may call 1-800-891-6499 for assistance.

The requirement to practice social distancing  creates a barrier to quickly serve large groups of individuals. WorkOne has implemented a 10-person limit for accessing services in the center at this time.  Therefore, individuals may be required to temporarily wait outside to maintain this limit.  If an individual must go to a WorkOne Center to use a computer, please go online to www.workoneregion10com, prior to your visit to ensure hours of operation have not changed.

Employers that are temporarily closing or reducing worker hours, please encourage your employees to file for unemployment insurance benefits online.  If an employer has the means to assist employees by allowing them to file from a business, please assist to help provide these important benefits to your employees while preventing the spread of the disease. 

Tony Waterson, Executive Director for Region 10 Workforce Board, indicates ”that while this emergency provides an extremely challenging operating environment, we wanted to ensure access to services  while protecting everyone’s health in the offices and the southern Indiana community”.

WorkOne Southern Indiana provides employment and training services to businesses and job seekers in Clark, Floyd, Harrison, Crawford, Scott and Washington Counties in Indiana.   For information, please visit workoneregion10.com or contact WorkOne at 812-948-6102.

This WIOA Title 1-funded program is an Equal Opportunity Employer/Program.  Auxiliary aids and services available upon request.   WorkOne Southern Indiana provides employment and training services in Floyd, Clark, Harrison, Crawford, Scott and Washington Counties in Indiana. For additional information about WorkOne go to www.workoneregion10.com or call 812-948-6102.

IEDA Insight: COVID-19 Edition

Below you’ll find links and resources to help you during the pandemic from the Indiana Economic Development Association.

  • SBA programs for the Coronavirus
  • SBOA Memo: Items to Consider when Governing Bodies are Developing Actions/Policies Regarding Coronavirus
  • Resources For Chambers & Your Businesses
  • Resources for the Indiana Tourism Industry
  • Department of Workforce Development’s COVID-19 Information
  • Restore Your Economy: Resources for Economic Development Planning and Recovery

  • Indiana Small Business Development Center
    The Indiana Small Business Development Center is collecting data on behalf of the State of Indiana to provide more clarity and to work toward the ability to apply for disaster loans from the Small Business Administration (SBA). For Hoosiers to gain access to this funding, we need to collect small business economic impact data from every county in Indiana.

    Indiana must receive a disaster declaration to receive disaster funds! Completing this form will help expedite the declaration and allow businesses in Indiana to receive disaster funds from the SBA.

    URGENT! Please Complete the Form (click on this link)

    Don’t Forget About Yourself
    Working from home is going viral during COVID-19 and for many of us that is a new way of life.
  • How to Work From Home
  • What to Watch, Listen to and Cook During Your Coronavirus Self-Quarantine
  • Indiana Department of Health
  • DWD Assistance to Employers

    INDIANAPOLIS (March 17, 2020)  – The Indiana Department of Workforce Development would like to assist employers, workers, and agents during this emergency.  If you are temporarily closing or reducing worker hours, please encourage your employees to file for unemployment insurance benefits.  They must do this online, through a computer or smart phone.  They should visit unemployment.in.gov for Frequently Asked Questions, video tutorials, and a link to file for unemployment insurance. 

    If you have the means to assist your employees by allowing them to file from your business, please assist as you can.  DWD does have available equipment at our WorkOne locations, but we are also practicing social distancing which creates a barrier to quickly serving large groups of workers.  Any assistance you can provide in getting these important benefits to your employees while preventing the spread of this disease is greatly appreciated.

    If your employees must go to a WorkOne to use a computer, please have them contact the center ahead of time as some hours of operations have been changed. 

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    About the Indiana Department of Workforce Development
    DWD serves the worker and the employer to ensure workplace success. DWD is committed to innovating and invigorating Indiana’s economic future by providing WorkOne Career Centers, Unemployment Insurance, Labor Market Information, Regional Workforce Strategies and Professional Training. Through these services, DWD is able to develop a premier workforce that enables Indiana employers to flourish and entices businesses from outside our state to relocate to Indiana.