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.

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 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.

December 2019 Labor Market Review

Unemployment rates were lower in December in 11 states, higher in 4 states, and stable in 35 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported. Eight states had jobless rate decreases from a year earlier, 1 state had an increase, and 41 states and the District had little or no change. The national unemployment rate, 3.5 percent, was unchanged over the month but was 0.4 percentage point lower than in December 2018. Non-farm payroll employment increased in 3 states in December 2019 and was essentially unchanged in 47 states and the District of Columbia. Over the year, 26 states added non-farm payroll jobs and 24 states and the District were essentially unchanged. South Carolina, Utah, and Vermont had the lowest unemployment rates in December, 2.3 percent each. The rates in Colorado (2.5 percent), Florida (3.0 percent), Georgia (3.2 percent), Illinois (3.7 percent),Oregon (3.7 percent), South Carolina (2.3 percent), Utah (2.3 percent), and Washington (4.3 percent) set new series lows. Alaska had the highest jobless rate, 6.1 percent. In total, 15 states had unemployment rates lower than the U.S. figure of 3.5 percent, 12 states and the District of Columbia had higher rates, and 23 states had rates that were not appreciably different from that of the nation.

Indiana’s unemployment rate remained at 3.2%, while Dearborn County ticked down to 3.2% from 3.3% in November. This is the 30th lowest rate in the state (of 92 counties).

You can find the entire report focused on Southeast Indiana here.

Wellspring Search Acquires Absolute Web Designs

Frederick MD-based Digital Agency completes third acquisition

Frederick, MD Jan. 4th, 2019 – Wellspring Search, LLC acquires Lawrenceburg web design agency, Absolute Web Designs.

Wellspring Search, LLC recently moved into the Frederick Innovative Technology Center (FITCI) in the I-270 Technology Corridor and has completed 3 recent acquisitions with the purchase of Phoenix AZ-based Local Lead Link, LLC in July, and a design portal in March.

Absolute Web Design serves clients in Ohio, Indiana, Kentucky, and West Virginia and includes several local and state government bodies, Chambers of Commerce, and numerous business clients within its portfolio.

“I was very attracted to Wellspring Search’s principles of integrity, transparency, and delivery of results,” says Bebe Kinnett, founder and CEO of Absolute Web Design, “while their client-first approach and capabilities convinced me they were are the best choice for our customers.”

“We are very happy to have completed the Absolute Web Design deal before the New Year,” says Karl Hindle, Managing Partner of Wellspring Search, LLC, “and this transaction provides us with several opportunities to improve customer value, which we are underlining by committing to zero price increases in 2019 while improving service delivery.”

Kinnett, a Board member of the Dearborn County Chamber of Commerce and the Bright Area Business Association, joins Wellspring Search as Vice President of Special Projects and has also acquired the first operating license from Wellspring Search, DBA Absolute Web Marketing.   The newly formed Absolute Web Marketing will be offering services from Wellspring’s 3 divisions, Absolute Web Designs, Local Lead Link and Wellspring ‘s full digital marketing.

About Wellspring Search

Wellspring Search, LLC was founded in December 2017, is debt-free and profitable, based in Frederick MD and is a world-class provider of SEO and digital marketing services, and is actively seeking new acquisition opportunities in the digital marketing space.

https://wellspringsearch.com

June Lunch and Learn with DSB: Hire Right or Hire Again

Thank you to Jared Moore from Sandler Training Cincinnati for presenting to a full house of Chamber members on tips and tricks for hiring the right people the first time. Special thank you to PCRD and Aurora for hosting us in their conference room!

The next lunch and learn will be the last week of July, stay tuned for more details!

Huge thank you to Dearborn Savings Bank for sponsoring this series and ensuring it remains free for all Chamber members!

 

State Chamber Releases Updated Legislative Agenda

Each year the state Chamber releases guidance on the legislation they find important to create a strong business climate in the state. Generally about halfway through the session they update their priorities.
The Indiana Chamber of Commerce’s second edition of the 2018 Legislative Agenda is now available. This document details bills introduced in the Indiana House and Senate that the Chamber has taken a position on and the reason for that stance. This publication provides clear input on issues that not only affect the Indiana business community, but communities, families and individuals throughout the state.

As you will note, all legislation labeled “job-killers” was successfully defeated in the first half of the session and therefore not in this new document. A number of our positions have also changed due to modifications – mostly sought-after improvements – made to the bills.

In addition to being online, this information is sent directly to legislators. We plan to use votes on the bills – those that make it to the House or Senate floor – contained in this document in our annual Legislative Vote Analysis, which scores legislators on their voting record.

February 5, 2018 Weekly Update

Time for another weekly update from the Chamber of Commerce!

CAC Mardi Gras Ball: 812-432-3200

Tax Workshop: https://dearborncountychamber.org/2018…

Speakman House: http://eaglecountryonline.com/local-article/new-owner-steps-forward-to-rescue-ohio-countys-speakman-house/

Leadership Dearborn: https://dearborncountychamber.org/2018…

Get Energized presented by Duke Energy: https://dearborncounty.chambermaster.com/events/details/2018-get-energized-the-dearborn-country-club-1312

Check out our new site! www.dearborncountychamber.org

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