The U.S. Chamber of Commerce has released a new guide to help businesses navigate loan forgiveness under the Paycheck Protection Program: Guide to PPP Loan Forgiveness. This guide is designed to help borrowers understand the process by which their loan forgiveness amount will be calculated and the overall approach of the loan forgiveness process. Here are some of the important questions this guide addresses: How much will be forgiven? What happens to loan amounts that are NOT forgiven? What are the
CalChamber Advocacy | By Martin Wilson California held two runoff special elections on May 12 that produced lopsided wins for the Republican candidates in districts where voter registration, at least on paper, has created a Democratic advantage. Mike Garcia of Santa Clarita is the newly minted Republican congressman representing Congressional District 25, which includes portions of Ventura and Los Angeles County. Garcia defeated Democratic Assemblywoman Christy Smith (Santa Clarita) by 17,000 votes,
CalChamber Advocacy | By Jennifer Barrera A job killer bill that will significantly restrict Californians’ ability to access home and auto loans by placing onerous burdens on lenders, which will further exacerbate the housing crisis, will be considered by the Assembly Banking and Finance committee today.AB 2501AB 2501 (Limón; D-Santa Barbara) was added to the California Chamber of Commerce Job Killer list today. The bill requires lenders to maintain home and auto loans for an extended length of time with
Requirements and Best Practices for Reopening Your Business Safely and Within Current Guidelines ReOpen OC Safely was developed in collaboration with Orange County Business Council, North Orange County Chamber of Commerce, Greater Irvine Chamber of Commerce, Anaheim Chamber of Commerce, Santa Ana Chamber of Commerce, and Visit Anaheim as a resource to prepare to safely reopen for business as the county continues to respond to the COVID-19 crisis. The State of California has issued “stay at home”
ReOpen OC Safely was developed in collaboration with Greater Irvine Chamber of Commerce, North Orange County Chamber of Commerce, Anaheim Chamber of Commerce, Santa Ana Chamber of Commerce, and Visit Anaheim as a resource to prepare to safely reopen for business as the county continues to respond to the COVID-19 crisis. The State of California has issued “stay at home” emergency orders, but is slowly reopening business segments, subject to restrictions, with modified operations, click here to learn
A coalition of 30 organizations led by the U.S. Chamber, the American Hospital Association, and America’s Health Insurance Plans sent a letter asking Congress to protect Americans’ health coverage. “As Americans continue to be impacted by the severity of the COVID-19 crisis, the possibility of losing their health coverage should not have to be a concern,” said Neil Bradley, U.S. Chamber Executive Vice President and Chief Policy Officer. “There are many items that we’d like to see Congress focus on in
In this episode of The Workplace podcast, CalChamber Executive Vice President and General Counsel Erika Frank, and employment law expert Jennifer Shaw discuss key points, misconceptions and liabilities employers need to be aware of concerning the federal Worker Adjustment and Retraining Notification (WARN) Act and California’s equivalent, Cal-WARN.'Click here to read more and listen to the podcast.
Los Angeles Times | By Melissa Gomez Gov. Gavin Newsom on Tuesday released a four-stage plan for reopening parts of the California economy after weeks of stay-at-home home rules that have been credited with slowing the spread of the coronavirus. The phases are designed to slowly reopen the state while preventing new outbreaks that could lead to another shutdown. There are no timetables attached; rather, officials will use benchmarks around testing, hospitalizations and other factors. Under the plan,
The City of Fullerton is actively preparing for the eventual re-opening of its businesses and public services and will be following the Governor’s recently announced Resilience Roadmap Stages that emphasizes safety and preparedness as we collaboratively work towards the end of the State’s Stay-at-Home order. The City is finalizing re-opening plans for City services, to include limited public access to City Hall and the Fullerton Public Library, all of which will be based on ensuring social distancing and
Community leaders discussed next steps for businesses at the Town Hall: Back 2 Business, hosted by City of Fullerton Mayor Jennifer Fitzgerald. Fitzgerald opened the town hall by recapping Governor Gavin Newsom’s stages of reopening. The city is currently at Stage 1: Safety and Preparedness as it continues to make the essential workforce environment as safe as possible. Last week, the Fullerton City Council voted to require employees and patrons of certain essential businesses to wear face coverings. The
When economic conditions are changing rapidly, data collected in the course of administering government programs can provide valuable information about recent developments. Administrative data show severe disruptions in the period since a declaration of a national emergency was issued because of the coronavirus pandemic. Over the last five weeks, applications related to business formation have plummeted, while initial unemployment claims have soared. Read “Early Data Show Severe Disruptions” to learn
SiFi Networks has been delivering 200 free tacos every Thursday alongside Fullerton School District board members. One thousand tacos have been donated to Commonwealth, Woodcrest, Maple, Orangethorpe and Richman. Two hundred more tacos will be donated to Pacific.
Many businesses are struggling due to current circumstances. North Orange County Chamber wants to know how we can help. Send ideas on how we can help you reopen your business to firstname.lastname@example.org
THE 48-HOUR HACKATHON FOR MBA STUDENTS TO HELP SMALL BUSINESSES EMERGE FROM THIS CRISIS IN A POSITION TO SUCCEED The Small Business School Challenge is offering free support to small businesses across the country and are currently seeking applications. It is a 48 hour virtual program on 5/14-16 for small businesses to receive business support from the best MBAs in the country. Teams of three MBA students with deep professional experience will provide you with hands-on consulting around the theme of
Orange County is famous for its “firsts” when it comes to Toll Roads. Orange County’s Transportation Corridor Agencies (TCA) opened the first toll roads in the state a quarter century ago. TCA created FasTrak, the first to offer electronic transponders so drivers could pay without having to stop at a toll booth. And now, TCA is first again – this time with the sticker transponder. If you are a FasTrak accountholder with TCA, you should have already received your sticker transponder(s) in the mail. There
In the words of the great Albert Einstein, “Compound interest is the eighth wonder of the world.” Professionals at RAI Wealth Management agree, and they emphasize that the time to plan for retirement is now. With no minimum requirement to invest, it’s no surprise that the independent advisory team at RAI Wealth Management recommends people begin to plan for their financial future as early as possible. “It just seems like most people wait to plan until they’re in their 40’s, 50’s, or 60’s. If they got a