The Dept. of the Treasury, has provided an updated Frequently Asked Questions (FAQ) on the Paycheck Protection Program.
The FAQ can be found here.
The Department of Labor (DOL) has recently enacted the Families First Coronavirus Response Act (FFCRA) which will, in most cases, require employers with less than 500 employees to provide their employees with paid sick leave and expanded family and medical leave for reasons related to COVID-19. These provisions apply from April 1, 2020 through December 31, 2020, according to the DOL.
Information related to this Act can be found on the DOL’s website:
FFCRA Requirements: https://www.dol.gov/agencies/whd/pandemic/ffcra-employer-paid-leave
FFCRA FAQs: https://www.dol.gov/agencies/whd/pandemic/ffcra-questions
Lastly, all employers with less than 500 employees are required to post the linked notice from the DOL in a conspicuous place with other required workplace posters. https://selective.dmplocal.com/dsc/collateral/FFCRA_Poster_WH1422_Non_Federal.pdf
We recommend the notice be emailed to all employees and put on your company’s intranet; otherwise please mail a copy to your employees’ residence.
Be sure to review these new rules with your human resources department, payroll processor, and legal counsel to remain in compliance with the new law. Please stay safe and healthy.
US Chamber’s Small Business Guide and Checklist for Coronavirus Emergency Loans
The Senate Small Business Committee has provided a small business guide to the CARES Act.
https://www.sbc.senate.gov/public/index.cfm/guide-to-the-cares-act
Your Chamber is here to serve our members and the entire business community during this challenging time of CoVID-19.
To protect our members, employers, employees, community, and chamber staff, we will cease holding meetings with greater than 10 in attendance. This is a fluid situation, and we will be keeping you informed via email, Facebook, Instagram, newsletter, and other means of communication.
The Chamber of Commerce cares about the membership and desires to keep our community safe with respect to the Governor’s declaration; therefore, the Chamber will postpone and reschedule all of our more significant programs in the next six weeks to keep our members safe.
It is the desire of The Board of Directors of The Montgomery County Chamber of Commerce to keep our members, their employees, and our community safe. Because your safety is our concern, we are postponing our programs through the end of April due to COVID 19. This healthcare issue creates a fluid situation, and this could mean additional postponements.
Because we care about you, your employees, and customers, we have resources attached that you can place in your business to inform your employees and customers. If you visit your Chamber, you will find these flyers throughout our building. Flyer 1, Flyer 2, Flyer 3, Flyer 4.
We also encourage you to examine your programming to determine the best course of action for you and your team.
Sites that can be of assistance to you are listed below:
About Coronavirus Disease 2019 (COVID-19): https://www.cdc.gov/coronavirus/2019-ncov/about/index.html
Resources for Businesses and Employers: https://www.cdc.gov/coronavirus/2019-ncov/community/organizations/businesses-employers.html
Resources for Large Community Events & Mass Gatherings: https://www.cdc.gov/coronavirus/2019-ncov/community/large-events/index.html
Unemployment Resources: http://www.vec.virginia.gov/node/11699
Virginia Department of Health: http://www.vdh.virginia.gov/coronavirus/
Small Business Guidance & Loan Resources: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
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