COVID-19 Updates & Resources
During this challenging time, the Chamber is working to provide important information to our community. If you have knowledge of or are providing a service to help people in need, please email Minesh V. Pathak at mpathak@LBCCC.org with the details.
COVID-19 Business Resource Center
Welcome to green!
Printable signage is available on Bucks County’s Economic Resources Portal to use to help stay focused on all the precautions we need to keep following.
New Safety Procedures For Re-Opening
Darianna Bridal & Tuxedo’s calendar is filling up again and our new procedures will ensure that we are ready to safely welcome everyone on June 5th!
Paycheck Protection Program Loan Forgiveness: SBA Releases Application
There is a continual flow of news regarding the Paycheck Protection Program (PPP) from the Treasury Department (Treasury) and the Small Business Administration (SBA), and last week was a busy one. This past Thursday, the SBA updated its FAQ list to address a safe harbor for PPP loans under $2M. On the evening of May 15, 2020, the SBA and Treasury released the PPP Loan Forgiveness Application for borrowers to apply for forgiveness of their loans.
PPP Funding Update – Relaxations on Certification of “Necessity”
The Small Business Administration (SBA) issued updates to its Frequently Asked Questions (FAQs) guidance on the Paycheck Protection Plan (PPP) Loans, and added Questions/Answers (Q&A) 45 and 46, with the latter Q&A being directly related to the certification issues, and to the corresponding May 14th deadline for the return of funds as a “safe harbor” from civil and criminal penalties relating to the certification of need.
After PPP — Other Options to Get Your Business through Coronavirus
By now, the dust has mostly settled with the CARES Act’s Paycheck Protection Program (PPP) application process. Millions of businesses throughout America have received PPP approvals and funding to help cover payroll and other eligible costs.
5 Tips to Staying Physically Active During Quarantine
If there is one thing that has been a challenge for many of us during this quarantine life, it’s finding ways to stay physically active! No worries though, here are my 5 tips to staying physically active while you’re safe at home!
Tips To Help Businesses Prepare To Re-Open
As businesses are starting to re-open their doors, workers and employers need to prepare their workplaces for the new normal to try to keep everyone as healthy as possible in the new COVID-19 reality. These are challenging times to be sure and we’re here to help you navigate them by providing guidance on key legal issues to consider as you re-open your business.
Guide to Coronavirus Mortgage Relief Options
If you’re among those financially impacted by the coronavirus pandemic, you might be concerned about how to pay your mortgage. If you can’t pay your mortgage, contact your mortgage servicer immediately. It may take a while to get a loan servicer on the phone, so be patient.
Payment Options to Keep Cash Flowing
The coronavirus pandemic has caused lots of uncertainty and change in both our personal and business lives. It has forced us to adapt to a new normal, perhaps changing the way business gets done in the future. While things remain fluid, there are some steps companies should consider to keep payment processing moving forward and efficient.
My Company Did Not Get a PPP Loan, Now What?
As of this week, the PPP loan & the EIDL $10K Grant have officially run out of funds. Some businesses have been approved and received their money while others have not. Below is a list of questions we explored on Tuesday’s call regarding the overall handling of the PPP funds for companies WHO WERE NOT approved and/or funded.
COVID-19 Business Continuity Planning Tips
A huge number of businesses have been adversely impacted by the Coronavirus (COVID-19) emergency, whether by forced business closures or dwindling demand for products and services due to shelter in place orders. When translated into numbers, the toll becomes more transparent. In the last week, alone, over 200,000 unemployment claims have been filed in New Jersey. A similar number of unemployment claims have been filed in the five-county area near Philadelphia. The unfortunate reality is that many have had to make tough decisions to ensure financial vitality. Moving past immediate cost reductions, there are steps to take to ensure the business is ready for the opportunities and issues which may arise when re-opening. Areas such as scenario planning, cash flow management, communications, expense management, and more should be included in a business continuity plan. To help clients, prospects, and others, Klatzkin has provided a summary of planning topics below.
Bucks County COVID-19 Recovery Fund Grants Exceed $100,000
Bucks County COVID-19 Recovery Fund, established in March by United Way of Bucks County with additional funding from Penn Community Bank, is continuing to support the Bucks County community through local nonprofits.
In a fourth round of grant funding, The Council of Southeastern Pennsylvania and Keystone Opportunity Center received their first awards through the Bucks County COVID-19 Recovery Fund. Bucks County Children and Youth, YMCA of Bucks County, and Family Service Association were each awarded a second grant and Penndel Mental Health Center was awarded a third grant. Awards ranged from $1,500 to $7,500.
Anxiety Over COVID-19? Try These Techniques
Even if COVID-19 hasn’t afflicted you or a loved one personally, it’s likely crept into all aspects of your life—home, work, and even your hobbies.
It doesn’t help that with each news report about COVID-19, the respiratory illness caused by the new coronavirus, your thoughts may range from mild anxiety to full-blown panic—and back again. Ultimately, we’re just not sure how any of this is going to play out.
Employee Retention Credits – Alternative Relief to Paycheck Protection Loan
As the coronavirus continues to overwhelm our nation’s economic and health systems, new tax credits have been introduced to ease the financial hardship placed upon families and business throughout the country. One such credit, the Employee Retention Credit, was included in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
Charitable Giving Changes Related to COVID-19
Due to the financial challenges brought on by the coronavirus pandemic, many are seeking assistance from charitable organizations. At the same time, fewer people have the resources to donate and support these organizations. To incentivize philanthropy during this difficult time, the recently enacted Coronavirus Aid, Relief and Economic Security Act (CARES Act) included various provisions relating to charitable contribution deductions for individuals and corporations.
County of Bucks
SBA Offers Disaster Assistance to PA Small Businesses Economically Impacted by COVID-19
The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Pennsylvania small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today. SBA acted under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, to declare a disaster following a request received from Gov. Tom Wolf on March 18, 2020.
Redevelopment Authority of the County of Bucks Rapid Response Loan Program
The COVID-19 Economic Rapid Response Loan Program is a one-time emergency grant-to-loan program launched as part of a collaborative effort between the County Commissioner’s and the Redevelopment Authority of the County of Bucks targeting tourism and hospitality businesses located in municipalities that are eligible to receive grant funds under the Municipal Grant Program (MGP) administered by the Redevelopment Authority of the County of Bucks. The objective of the Emergency Loan Program is to provide a rapid response to aid the cashflow position of tourism and hospitality business facilities most immediately impacted by the Coronavirus (COVID-19) Pandemic and resulting temporary closing of Parx Casino in Bensalem Township.
Visit Bucks County COVID-19 Resources, Tips & Articles
We continue to gather resources that will help our tourism and hospitality partners move forward and assist in the recovery. We plan to continually update this page as we receive additional information and resources.
Penn Community Bank COVID-19 Frequently Asked Questions
As a community-first financial services provider, Penn Community Bank strives to function as an integral part of the communities around us – including in trying times like these.
Like you, we have been closely monitoring the COVID-19 pandemic and its impact on the world, our nation and our communities. In response, we are taking action to assist you during this period.
PECO Taking Steps to Support Customers During Coronavirus Pandemic
At PECO, safety is our top priority. As part of our commitment to safety, we are closely monitoring developments related to the coronavirus (COVID-19) and taking appropriate precautions to protect the health and safety of our employees, customers and communities.
BCEDC – Pennsylvania is Now Offering Loans for Companies Economically Affected by COVID-19
The guidelines for the Covid-19 Working Capital Access (CWCA) Program were approved by the PIDA (PA Industrial Development Authority) Board on March 23, 2020.
The Bucks County Economic Development Council (BCEDC) is a Certified Economic Development Organization (CEDO) and, as such, will accept all applications from businesses located in Bucks County.
As of 3:00pm on March 25, 2020 – BCEDC is accepting Covid-19 Working Capital Access (CWCA) program applications. Please note that complete applications will be reviewed in the order in which they are received.
United Way of Bucks County COVID-19 Recovery Fund
Together with Penn Community Bank, the United Way of Bucks County launched the COVID-19 Recovery Fund to help those affected by the Coronavirus (COVID-19). To learn more about the Recovery Fund or make a donation, click the button below.
Gannett Launches ‘Support Local’ To Help Small Businesses
Gannett, publishers of the Bucks County Courier Times and The Intelligencer announced the launch of Support Local, a platform to help communities support and access small businesses all across the nation that are facing significant economic challenges due to the spreading coronavirus pandemic.
Pennsylvania Association of Chamber Professionals
COVID-19 information, latest developments and official guidance.
Bucks County COVID-19 Recovery Fund
United Way of Bucks County and Penn Community Bank have partnered to establish the Bucks County COVID-19 Recovery Fund to help meet meet the growing needs of the community during this financial crisis
Governor Tom Wolf
A list of business types in relation to the Governor’s Executive Order mandating closures for COVID-19 mitigation.
U.S. Chamber of Commerce
U.S. Chamber Applauds Passage of “Families First Coronavirus Response Act”
U.S. Small Business Administration
Disaster Loan Assistance
Telecommuting Tips & Strategies For Employers & Employees To Stay Connected During COVID-19 Situation
My Benefit Advisor
COVID-19 Federal Guidance & Proposed Legislation
COVID-19 Prevention Guidelines for Construction Trades
PA Department of Labor & Industry
Information for Workers Impacted
PA Department of Health
Latest COVID-19 Updates