Survey measuring occupational health needs of Dearborn County employers

Important occupational health services can be made easy for new and existing employers of all sizes in Dearborn County.

St. Elizabeth Healthcare is conducting an occupational health survey for local businesses in Dearborn County. St. Elizabeth Healthcare is interested in learning about the occupational medicine needs in Dearborn County and wants businesses’ feedback. Find and complete the survey at https://www.surveymonkey.com/r/KH8X3M8.

On Thursday, April 29 from 11:30am-1:00pm, St. Elizabeth Healthcare, One Dearborn and the Dearborn County Chamber of Commerce will be offering a free, virtual lunch and learn session that will provide in depth information on the services provided by St. Elizabeth Business Health. To RSVP for the April 29 free lunch and learn session, please contact Nick Maglic at nick.maglic@stelizabeth.com.

In the meantime, for your occupational medical needs please contact St. Elizabeth Business Health Mineola Pike location at (859) 301-2999.

About The Paycheck Protection Program and EIDL Updates

**New Changes Made By Congress in December 2020** Distributed by the offices of Senator Mike Braun

SUMMARY: In December 27, 2020,new legislation was enacted to extend the life of a vital program available to Main Street businesses: the Paycheck Protection Program(PPP). This new legislation creates a second round of PPP loans for eligible businesses, makes new businesses eligible for a first-time PPP loan(as well as a second-draw loan), and makes other key programming changes.

PPP UNDER THE ORIGINAL CARES ACT: In March 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, creating the PPP for small employers, self-employed individuals, and “gig economy” workers.2A reminder of PPP loan terms under the original “first-draw” loan framework is available here from the SBA. Authority to use the initial PPP program ended on August8, 2020. At the time that PPP closed, the Small Business Administration (SBA) had approved over 5.2 million loans worth $525 billion(and the average loan size was approximately $100,729).

*NEW* PPP “Second Draw” Loans: In December 2020, new legislation re-vitalizing the PPP program was enacted. The law now allows for a second round of PPP loans to eligible entities(referred to as “second draw” loans).3Under this new framework, businesses are eligible for a second-draw if they have no more than 300 employees and can demonstrate at least a 25 percent reduction in gross receipts between comparable quarters in 2019 and 2020.4Maximum loan size for second draw PPP loans are 2.5X average monthly payroll costs, up to $2 million. Small businesses assigned to the industry NAICS code 72 (Accommodation and Food Services) may receive PPP second draw loans equal to 3.5X average monthly payroll costs. A borrower receives full loan forgiveness if it spends at least 60 percent of their PPP second draw loan on payroll costs over a time period of their choosing between 8 weeks and 24 weeks.

PPP SET ASIDES: The second-draw PPP loan program includes set-asides to support first-time PPP borrowers with 10 or fewer employees, second-time PPP borrowers with 10 or fewer employees, first-time PPP borrowers who have been made newly eligible, and second-time returning PPP borrowers. Additionally, the second-draw program provides for a set-aside for loans made by community lenders.1H.R.748, the Coronavirus Aid, Relief, and Economic Security (CARES) Act (Public Law No. 116-136)was approved unanimously by the Senate on March 25, 2020, then by the House of Representatives on March 27, 2020, and signed into law by President Trump on March 27, 2020, creating the Paycheck Protection Program. 2The CARES Act made first draw PPP loan eligibility retroactive to February 15, 2020. While the CARES Act originally provided eight (8) weeks of cash flow assistance, Congress approved legislation on June 5, 2020 that increased the total available to 24 weeks (H.R.7010 -Paycheck Protection Program Flexibility Act of 2020; Public Law No: 116-142).3H.R. 133, the legislative vehicle for the Consolidated Appropriations Act, 2021, approved by the House and the Senate on December 21, 2020 and signed into law by President Trump on December 27, 2020.4Businesses with gross receipts during Q1, Q2 or Q3 2020 that were at least 25 percent less than the gross receipts from the same quarter in 2019 (applicants may use Q4 2020 if they apply after January 1, 2021).2

NEWLY ELIGIBLE BUSINESSES: If a business is newly eligible for PPP under the new statutory framework, the business is eligible to apply for a first-draw loan, and then it may also be eligible for a second-draw loan if it exhausts all of its first-draw loan funding and applies for a second-draw loan before March 31, 2021.

ELIGIBLE EXPENDITURES:Under the initial framework, if an employer maintained payroll, the expenditures not used on payroll that were eligible for forgiveness included: covered payroll costs, interest on mortgage obligations, rent, and utilities. Additional covered costs now include: supplier costs on existing contracts and purchase orders, including the cost for perishable goods at anytime;worker protective equipment and adaptive costs;technology operations expenditures;and property damage costs due to public disturbances in 2020.

I AM AN INDEPENDENT CONTRACTOR OR GIG ECONOMY WORKER, AM I ELIGIBLE? Yes. Sole proprietors, independent contractors, gig economy workers, and the self-employed are eligible—for both first-draw and second-draw loans.

ARE 501(c)6 ORGANIZATIONS ELIGIBLE? 501(c)6 organizations, including Destination Marketing Organizations, are newly eligible for PPP, so long as certain conditions are met: the entity does not receive more than 15% of their receipts from lobbying activities;such lobbying activity does not comprise more than 15% of the entities’ total activities; the cost of such lobbying activity does not exceed $1 million during the tax year ending February15, 2020; and the entity does not employ more than 300 employees.

NEWSPAPERS, T.V., AND RADIO STATIONS: Local newspapers, T.V., and radio stations previously ineligible by their affiliation are now eligible for PPP.

ARE CHURCHES AND RELIGIOUS ORGANIZATIONS ELIGIBLE? Churches and religious organizations are eligible for second-draw PPP loans.WHAT IF I HAVE NOT EXHAUSTED MY FIRST-DRAW LOAN?If you have not exhausted your first-draw loan, but can demonstrate to the SBA that the funding is obligated, you may be eligible for a second-draw loan.APPLYING: You can apply for the PPP—first-or second-draw—through any lending institution approved to participate in the program through the existing Small Business Administration (SBA) 7(a) lending program, and additional lenders approved by the Department of Treasury. You can call your bank or find SBA-approved lenders in your area through SBA’s online Lender Match tool. You can call your local Small Business Development Center or Women’s Business Center and they will provide free assistance. Lenders approved to provide PPP loans will be eligible to make second draw loans.

WHEN IS THE DEADLINE FOR PPP? SBA will consider applications through March 31, 2021 (for new first draw loans and for second draw loans).

IS THERE STILL A NECESSITY CLAUSE? Second-draw PPP terms have not removed or changed the“necessity requirement.” All borrowers must certify that current economic uncertainty makes its loan request necessary to support the ongoing operations, as of the date on which the PPP loan application is submitted.

WHAT IS THE COVERED PERIOD OF THE LOAN? The covered period during which expenses can be forgiven extends from February 15, 2020 to March 31, 2021. Borrowers select their covered period, which can be any date between eight (8) to 24 weeks they want to count towards the covered period, which can start as early as February 15, 2020.

DOES THE PROGRAM COVER ANY COMPENSATION FOR THOSE MAKING OVER $100K? The program covers payroll costs up to$100,000. For example, an employer would be able to use $100,000 of the $125,000 salary for the calculation of the loan amount and subsequent forgiveness.

WHEN IS THE LOAN FORGIVEN? The loan is forgiven at the end of the 24-week period after you take out the loan. Borrowers will work with lenders to verify covered expenses and proper amount of forgiveness. For borrowers with loans under $150,000, a simplified loan forgiveness process is available (for both first and second draw loans). Borrowers with a loan that is over $150,000 have the option of deferring loan payments for 10 months before having to make payments,and can apply for forgiveness any time after the business’ covered period is complete.

HOW MUCH OF MY LOAN WILL BE FORGIVEN? The purpose of the Program is to help you retain your employees, at their current base pay. Therefore, 60% of your loan must be spent on payroll. If less than 60% of the loan is used on payroll, the forgiveness will be reduced proportionally. If you have already laid off some employees, you can still be forgiven for the full amount of your payroll cost if there is an attempt to rehire your employees.

AM I RESPONSIBLE FOR INTEREST? If the full principal of the loan is forgiven, the borrower is NOT responsible for the interest accrued in the 24-week covered period. The remainder of the loan that is NOT forgiven will operate according to the loan terms agreed upon by you and the lender.

ARE PPP LOANS CONSIDERED TAXABLE INCOME? PPP loans will not be included as taxable income. Under the legislation approved in December 2020, expenses paid with the proceeds of a PPP loan that is forgiven are tax-deductible (second-draw loans and prior PPP loans).

WHAT ARE THE INTEREST RATE AND TERMS FOR THE LOAN AMOUNT THAT IS NOT FORGIVEN? The terms of the loan not forgiven may differ on a case-by-case basis. However, the maximum terms of the loan feature a 10-year term with interest capped at 4% and a 100%loan guarantee by the SBA. You will not have to pay any fees on the loan, and collateral requirements and personal guarantees are waived. Loan payments will be deferred for at least six months and up to one year starting at the origination of the loan.

I TOOK OUT A BRIDGE LOAN THROUGH MY STATE, AM I ELIGIBLE TO APPLY? Yes.

IF I HAVE APPLIED FOR, OR RECEIVED AN EIDL RELATED TO COVID19 BEFORE THE PROGRAM BECAME AVAILABLE, WILL I BE ELIGIBLE FOR A FULL PPP LOAN? Yes. As of December 2020, EIDL advances will no longer be subtracted from PPP forgiveness. Borrowers that have already applied for and received loan forgiveness may now amend their application to request that the $10,000 EIDL Advance (or amount actually received) not reduce their forgiveness amount and request repayment. Receiving EIDL will have no bearing on second draw PPP loans.

IF I PREVIOUSLY APPLIED FOR AND WAS ELIGIBLE TO RECEIVE AN EIDL GRANT BUT IT WAS REDUCED OR NOT GRANTED DUE TO LACK OF FUNDS, ARE THERE MORE OPTIONS? Yes. If a qualifying business received an EIDL grant for less than $10,000 they can now receive the difference to get them to the full $10,000 grant amount. When SBA reduced these loans to $1,000 per employee many of the smallest businesses received smaller loans than $10,000. Further,any qualified business who applied after the money was exhausted can apply for a full $10,000 grant.

IS THE EIDL PROGRAM ACCEPTING NEW APPLICATIONS? Yes.Qualifying businesses may apply for the EIDL grant program. Businesses will qualify to receive the full $10,000 advance if: they are in a low income area, have less than 300 employees, and suffered economic loss greater than 30 percent. Other business may qualify for varying amounts based on expected SBA guidance. SBA guidance will detail how to apply/reapply for EIDL grants, clarify any eligibility requirements,and the SBA will notify anyone who received a previous EIDL grant or who applied but did not receive one because funding was exhausted that they may be able to apply for additional EIDL grant funds.

This document was prepared as an informational resource and should not be considered legal or business counsel. Please reach out to CoronavirusHelp@braun.senate.govfor questions, concerns, or additional assistance. Last updated December 29,2020

2020 Chamber Online Silent Auction Runs Through 12/22

Support Chamber programs that promote local business, develop community leaders and host educational workshops

While the Chamber Annual Dinner is unfortunately not possible in 2020, we still wanted to give our members the opportunity to promote their companies, support local business and give you some last minute gift opportunities!

The Annual Dearborn County Chamber Auction will run online from Tuesday, December 15th to Tuesday, December 22nd (it will end at midnight). To view and bid on the items visit this link: https://event.gives/chamber20

It has been an interesting year to say the least and on behalf of businesses throughout Southeast Indiana, we sincerely appreciate your support. You can continue to support our mission of promoting and growing the Dearborn County economy by bidding on the great items donated by our members. The Chamber will continue to focus on helping our businesses struggling through the pandemic while focusing on growth opportunities throughout the region. The Chamber Foundation revolving loan fund still has loanable funds available for businesses in need and our Young Professionals continue to host online and in person, socially distanced events. Our focus in 2021 will be to come out stronger than ever and we are thrilled to have your support.

We would like to thank all of our members who donated items to the auction and all of you who support the Chamber and Dearborn County in any way. So head over to https://event.gives/chamber20 to bid early and bid often!

NEW FINANCIAL LIFELINES FOR DEARBORN BUSINESSES

Southeast Indiana Chamber Foundation Launches $275,000 Revolving Loan Fund to support local businesses impacted by the COVID-19 pandemic

A new $275,000 Revolving Loan Fund to support Dearborn businesses impacted by the COVID-19 pandemic is now open for applications.

The fund, which will be administered by the Southeast Indiana Chamber Foundation, was established using a grant from Indiana’s Office of Community and Rural Affairs (OCRA).  Applications to the loan fund will be accepted from October 7 through October 30.  Any Dearborn County business impacted by the COVID-19 pandemic is eligible to apply.

The $250,000 grant from OCRA was supplemented by matching funds from Dearborn County Chamber of Commerce, One Dearborn, the Civista Charitable Foundation and the Southeast Indiana Port Authority which pushes the total loan fund to $275,000. For the initial round of loans, the maximum loan amount is set at $50,000 and a minimum amount of $10,000. New business starts are not eligible to apply at this time.

If you have any questions or would like to request an application package please reach out to Southeast Indiana Chamber Foundation executive director Eric Kranz at 812-537-0814 or ekranz@dearborncountychamber.org.

Applications can also be downloaded here

Southeast Indiana Chamber Foundation Receives $250,000 Grant

Grant will support Dearborn County businesses impacted by COVID-19 pandemic.

Lawrenceburg August 27, 2020:  The Southeast Indiana Chamber Foundation, a 501c3 sister organization of the Dearborn County Chamber of Commerce, on behalf of Dearborn County, has been awarded a $250,000 grant to establish a revolving loan fund designed to support small to medium sized businesses negatively impacted by the COVID-19 pandemic.

The grant is part of a $10.09-million federal aid package awarded by Lt. Governor Suzanne Crouch and the Indiana Office of Community and Rural Affairs to 42 rural Hoosier communities through the COVID-19 Response Program.

“Small businesses are the backbone of our Hoosier economy and they have made considerable sacrifices during the COVID-19 crisis.” said Lt. Gov. Crouch “This funding will help Hoosier small businesses continue to recover and will help make investments necessary to create safer spaces for their customers and staff.”

Dearborn County Chamber of Commerce President and CEO, Eric Kranz, added: “Our local communities have done a tremendous job coming together to mitigate the negative consequences of the pandemic. There has been so much collaboration and outreach over the last six months and it has been truly inspiring. At the Chamber, we’re excited to be able to contribute to these efforts through this grant which will make a profound difference to many of our local businesses.”

The $250,000 grant will also be supplemented with additional funds from the Dearborn County Chamber of Commerce, One Dearborn, the Civista Charitable Foundation and the Southeast Indiana Port Authority. With their help the fund will launch with a total loanable amount of $275,000.

The Southeast Indiana Chamber Foundation will be administering the revolving loan fund on behalf of Dearborn County and will release more details on eligibility, application process and terms and conditions of the loan in the coming weeks.

For further information, please contact:

Eric Kranz

T: 812-537-0814

E: ekranz@dearborncountychamber.org.

Back on Track Begins May 4th

On Friday, May 1st Governor Holcomb announced the plan for reopening Indiana. As part of the five stage plan we are entering stage 2 today (May 4th). Above you can see what that means for you and your business. We will remain in stage 2 through May 23rd as long as we continue to meet CDC recommended thresholds. You can find more information and a detailed explanation of the stages and the thresholds at https://backontrack.in.gov/

While stage 2 does allow for more commerce, we would also like to point out that social distancing guidelines are still in place and also the Governor and his team have advised those who can work from home to continue to do so. The road map laid out is a best case scenario and anything we can do to keep the state on track to a more complete opening the first week of July we should do so. The governor has also recommended masks for anyone out in public, particularly in situations where maintaining social distancing is difficult (shopping, etc.).


The Chamber of Commerce will continue hosting remote meetings, trainings and networking opportunities in lieu of in person events while we are in stage 2. We will revisit this policy on the 23rd of May.

CARES Act Infographic

Today, and every day, we thank you for your membership. We love seeing you at ribbon cuttings and big events, and right now while those activities can’t happen, please have confidence that our team is here for you in all seasons of business. We know this pandemic has impacted you in major ways and we are here to help.

Below is an infographic explaining, in simple terms and format, the two available loan options available through the CARES Act. Breaking down an 800+ page document, our goal is provide you with key information that enables you to understand the possibilities, make decisions, and most importantly, get back to your business!
Please share this information (either in print or digitally) with a fellow business owner in your circle. The impact of this bill is so broad that it almost surely will have some impact on every business and we want to make sure the info get to everyone.

As you will surely have more questions we welcome your emails at ekranz@dearborncountychamber.org but another great resource is Ginnie Faller with the ISBDC. You can reach her at gfaller@isbdc.org.

You can find the full US Treasury breakdown of the bill for borrowers here: https://home.treasury.gov/…/PPP%20Borrower%20Information%20…

CARES Act FAQ’s

Earlier today President Trump signed the CARES Act into law. The goal of the legislation is to provide sweeping economic assistance throughout all sectors of the economy as the country battles the fallout from COVID-19. Below are a number of FAQ’s send out by Senator Young’s office that help outline many of the key provisions.

Dearborn County Chamber Of Commerce Announces Event Cancellations

(Dearborn Co., Ind.) – In light of recent events and out of an abundance of caution, the Dearborn County Chamber of Commerce will be cancelling all of our events through April 30th. We have not made this decision lightly and will do out best to reschedule the Human Resources Roundtable, Business After Hours, and the new Grow Your Friendships Luncheon presented by Friendship State Bank. We are exploring options for offering the March and April Lunch and Learns presented by Dearborn Savings Bank as online webinars and will have more information on those shortly. The start of Leadership Dearborn 2020 has been postponed. As we add these events back to the calendar we will be sure to let everyone know. As of now, the next Chamber event will be the golf outing taking place in May. 

We are cancelling events of all sizes because at this time the best way to combat COVID-19 is to limit the spread. While we are proud of everything we do at the Chamber, none of our events are worth risking your health or worth placing additional burdens on our healthcare providers as a result of unnecessary contact that we facilitated. We hope everyone will understand and we can’t wait to get back to business as usual in May.

The next few weeks will be a unique time for us as a community. It will likely be particularly difficult for our small business owners and their employees, who rely on all of us to participate in local commerce. If you have opportunities to buy local, strongly consider it. Additionally, once we’re back to business as usual make a concerted effort to spend your dollars in Dearborn County. Shop here, eat here, and tip well. While there is likely to be some disruption in all of our lives over the coming weeks if we come together we can minimize the impact and help each other through a once in a lifetime challenge. 

Dearborn County Young Professionals Announce 2020 Scholarship

Part of Dearborn County Young Professionals’ mission is to support the next generation of outstanding individuals and entrepreneurs in our community.

(Dearborn County, Ind.) – Part of Dearborn County Young Professionals’ mission is to support the next generation of outstanding individuals and entrepreneurs in our community. One of the ways the organization does that is by offering our DCYP Future Leaders of Dearborn County Scholarships.

The organization is awarding scholarships. Eligible individuals include Dearborn County residents who are a senior in high school or home school set to graduate in spring 2020.

Applicants are required to show their work experience, school activities, and community volunteer efforts. They must also complete an essay about an idea for a new or improved business in Dearborn County.

A successful applicant should include two letters of recommendation from teachers or professionals outside of their immediate family. A copy of the student’s most recent report card or transcript is also requested.

You can download and print the AIM YP Future Leaders of Dearborn County Scholarship application at https://dearborncountychamber.org/wp-content/uploads/2020/03/2020-DCYP-Scholarship-Application-2.pdf

Completed applications should be emailed to dearborncountyyp@gmail.com

Applications may also be sent by U.S. mail or delivered in person to Dearborn County Young Professionals, C/O Dearborn County Chamber of Commerce, 320 Walnut Street, Lawrenceburg, Indiana 47025.

Scholarship applications must be received or postmarked by Monday, June 1, 2020.

Scholarship winners will be determined by members of the Dearborn County Young Professionals Committee.

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