Business Resources: See below for COVID-19 pandemic business support opportunities
Thurston Strong: COVID-19 Economic Recovery Initiative, Information for Workers and Employers in Thurston County -- www.thurstonstrong.org/
For more information/questions contact:
George Sharp
360.464.6043
C: 360-878-3835
e: gsharp@thurstonedc.com
www.thurstonedc.com/stedi
www.shopsouthlocal.com
The Chamber Board of Directors are actively working with the City of Tenino and the Thurston Economic Development Council to know and understand all the resources available to Businesses, Employers, Employees, Non-profits and our Citizens.
For information about the City of Tenino COVID-19 Information please visit: https://cityoftenino.us/sites/default/files/fileattachments/city_hall/page/2000/modifacationduetocovid-19.pdf
If you are a business please visit: https://thurstonedc.com/resources-for-small-businesses-impacted-by-coronavirus-covid-19/ and fill out the Economic Injury Form https://thurstonedc.com/wp-content/uploads/2020/03/EDC_20_Economic_Injury_Worksheet_for_Business_form.pdf and email it to office@thurstonedc.com.
They also have a Hotline you can call about Business Resources 1-888-821-6652 open 9:30am-3:30pm Monday-Friday and be placed on their notification list for updated information for business resources. The Washington State Department of Commerce will be releasing information next week about their grant program for small businesses.
Chamber member Maria Williams of Tenino Coffee Bistro has created a Virtual Auction Fundraiser for Tenino area Businesses. Those Tenino businesses who complete the Injury Impact Form will be considered to be assisted with funding from the Auction. Details are still being worked out on how the criteria for funding will work. https://www.facebook.com/groups/308097493501159/ is the link to the Auction. It will be live, tonight, Friday, April 3 at 7:00pm, you need to join the group to bid.
Please see the information below about the SBA Disaster Loan and PPP.
The SBA Disaster Loan Application process has been streamlined, is more user friendly and requires less financial documentation. Here is the link for that application:
https://covid19relief.sba.gov/#/
· When qualified businesses apply for the loan, they receive $10,000 that does not need to be repaid. The $10,000 will be disbursed directly to your bank account within three business days after the application has been accepted.
· You will then hear back from the SBA in regards to your approval or rejection for the disaster loan.
· If you are not approved you can still keep the $10,000.
· If you are approved for a loan the $10,000 will be deducted from any repayment amount. Repayment for disaster loans begins 1 year after the loan is disbursed.
· IMPORTANT NOTE: Even if you have already completed the SBA Disaster Loan Application before 3/31 you must complete the application again in its new streamlined format to receive the immediate $10,000 disbursement that does not need to be repaid. The disaster loan requirements have changed and you do not need any collateral to be approved for the loan. Again, the link to the new SBA Disaster Loan Application is: https://covid19relief.sba.gov/#/
The Paycheck Protection Program (PPP) will be available for small businesses beginning Friday, April 3rd and for Sole Proprietors it will be available as of April 10th. Banks will not be able to process loan applications or give any information regarding the loan process until April 3rd.
· This is a loan to help you with your payroll so you can keep paying your employees. You will apply for this loan directly from an SBA approved lender. The SBA is fast tracking SBA approval for many lenders so it is likely your current bank or credit union will be able to process this loan. You can apply for both the SBA Disaster Loan and PPP loan as long as you use the money for different business expenses.
· The PPP is intended to cover 8 weeks of payroll cost.
· If it is shown that you used the loan to retain employees at their current salary levels within the 8 weeks then you can apply to have the loan forgiven in its entirety.
· You can use this loan to pay for your lease and utilities.
· You would begin repayment on this loan 6 months after disbursement.
· For more information please visit: https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp
This link is a lender list
https://www.sba.gov/sites/default/files/articles/Lender_Listing_4.17.pdf?fbclid=IwAR3W65q3zKxq1emfRM_e_y4na8Od630AHq07eta83juWIEnjJ-NBW1ybX2k
Another website for Thurston County Information and Resources is https://www.thurstonstrong.org/
For information about Unemployment visit: https://esd.wa.gov/newsroom/covid-19 be sure to go and sign up for their alerts to know any changes happening. They are being overwhelmed with calls and their electronic intake system is needing to be rebuilt. Please know that if you file and are approved they are backdating 4 weeks.
We are developing plans to help promote Tenino when we are all able to reopen for business and we would like to know the following information so that we can share it with the community via our website and social media channels.
Name of Business:
Hours of Operation:
If you are open currently and or when you will reopen:
Website:
Facebook page:
Phone number:
Description you would like to share with the community:
George Sharp
360.464.6043
C: 360-878-3835
e: gsharp@thurstonedc.com
www.thurstonedc.com/stedi
www.shopsouthlocal.com
South Thurston Economic Development Initiative (STEDI)
STEDI is a recently-formed group that is committed to ensure that business owners in south Thurston County have access to resources. A number of organizations are involved, including Thurston Regional Planning Council, the Olympia Lacey Tumwater Visitor & Convention Bureau, local municipalities, Washington State University TeleWork program, Yelm Chamber of Commerce, Tenino Chamber of Commerce and Thurston EDC.
STEDI Meets the Third Friday of Every Month 8am-9:30am on the following rotating schedule: Rainier, Yelm, Bucoda, Rochester, Tenino
Please let George Sharp, Thurston EDC Rural Program Manager, know if you have any additions to the agenda, or if you have any events you would like shared with the STEDI team.
SAVE THE DATES - 2020 STEDI Meeting Dates and Locations
March 20- Bucoda-
April 17- Rochester-
May 15- Tenino-
June 19- Rainier-
July 17- Yelm-
August 21- Bucoda-
September 18- Rochester-
October 16- Tenino-
November 20- Rainier-
December 18-Yelm-
Click here for the EDC Business Resources Brochure.
The Thurston EDC works to connect local businesses with experts and resources to help them stay competitive through its Business Resource Center – providing counseling, mentoring, and technical assistance to new and existing business owners.
The BRC hosts Mobile BRC presentations in South Thurston County once a month. Please contact us for info about upcoming events or visit the Events tab on our website to learn more.
Other useful links for small businesses:
https://www.consumersadvocate.org/small-business-loans
Thurston Strong: COVID-19 Economic Recovery Initiative, Information for Workers and Employers in Thurston County -- www.thurstonstrong.org/
For more information/questions contact:
George Sharp
360.464.6043
C: 360-878-3835
e: gsharp@thurstonedc.com
www.thurstonedc.com/stedi
www.shopsouthlocal.com
The Chamber Board of Directors are actively working with the City of Tenino and the Thurston Economic Development Council to know and understand all the resources available to Businesses, Employers, Employees, Non-profits and our Citizens.
For information about the City of Tenino COVID-19 Information please visit: https://cityoftenino.us/sites/default/files/fileattachments/city_hall/page/2000/modifacationduetocovid-19.pdf
If you are a business please visit: https://thurstonedc.com/resources-for-small-businesses-impacted-by-coronavirus-covid-19/ and fill out the Economic Injury Form https://thurstonedc.com/wp-content/uploads/2020/03/EDC_20_Economic_Injury_Worksheet_for_Business_form.pdf and email it to office@thurstonedc.com.
They also have a Hotline you can call about Business Resources 1-888-821-6652 open 9:30am-3:30pm Monday-Friday and be placed on their notification list for updated information for business resources. The Washington State Department of Commerce will be releasing information next week about their grant program for small businesses.
Chamber member Maria Williams of Tenino Coffee Bistro has created a Virtual Auction Fundraiser for Tenino area Businesses. Those Tenino businesses who complete the Injury Impact Form will be considered to be assisted with funding from the Auction. Details are still being worked out on how the criteria for funding will work. https://www.facebook.com/groups/308097493501159/ is the link to the Auction. It will be live, tonight, Friday, April 3 at 7:00pm, you need to join the group to bid.
Please see the information below about the SBA Disaster Loan and PPP.
The SBA Disaster Loan Application process has been streamlined, is more user friendly and requires less financial documentation. Here is the link for that application:
https://covid19relief.sba.gov/#/
· When qualified businesses apply for the loan, they receive $10,000 that does not need to be repaid. The $10,000 will be disbursed directly to your bank account within three business days after the application has been accepted.
· You will then hear back from the SBA in regards to your approval or rejection for the disaster loan.
· If you are not approved you can still keep the $10,000.
· If you are approved for a loan the $10,000 will be deducted from any repayment amount. Repayment for disaster loans begins 1 year after the loan is disbursed.
· IMPORTANT NOTE: Even if you have already completed the SBA Disaster Loan Application before 3/31 you must complete the application again in its new streamlined format to receive the immediate $10,000 disbursement that does not need to be repaid. The disaster loan requirements have changed and you do not need any collateral to be approved for the loan. Again, the link to the new SBA Disaster Loan Application is: https://covid19relief.sba.gov/#/
The Paycheck Protection Program (PPP) will be available for small businesses beginning Friday, April 3rd and for Sole Proprietors it will be available as of April 10th. Banks will not be able to process loan applications or give any information regarding the loan process until April 3rd.
· This is a loan to help you with your payroll so you can keep paying your employees. You will apply for this loan directly from an SBA approved lender. The SBA is fast tracking SBA approval for many lenders so it is likely your current bank or credit union will be able to process this loan. You can apply for both the SBA Disaster Loan and PPP loan as long as you use the money for different business expenses.
· The PPP is intended to cover 8 weeks of payroll cost.
· If it is shown that you used the loan to retain employees at their current salary levels within the 8 weeks then you can apply to have the loan forgiven in its entirety.
· You can use this loan to pay for your lease and utilities.
· You would begin repayment on this loan 6 months after disbursement.
· For more information please visit: https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp
This link is a lender list
https://www.sba.gov/sites/default/files/articles/Lender_Listing_4.17.pdf?fbclid=IwAR3W65q3zKxq1emfRM_e_y4na8Od630AHq07eta83juWIEnjJ-NBW1ybX2k
Another website for Thurston County Information and Resources is https://www.thurstonstrong.org/
For information about Unemployment visit: https://esd.wa.gov/newsroom/covid-19 be sure to go and sign up for their alerts to know any changes happening. They are being overwhelmed with calls and their electronic intake system is needing to be rebuilt. Please know that if you file and are approved they are backdating 4 weeks.
We are developing plans to help promote Tenino when we are all able to reopen for business and we would like to know the following information so that we can share it with the community via our website and social media channels.
Name of Business:
Hours of Operation:
If you are open currently and or when you will reopen:
Website:
Facebook page:
Phone number:
Description you would like to share with the community:
George Sharp
360.464.6043
C: 360-878-3835
e: gsharp@thurstonedc.com
www.thurstonedc.com/stedi
www.shopsouthlocal.com
South Thurston Economic Development Initiative (STEDI)
STEDI is a recently-formed group that is committed to ensure that business owners in south Thurston County have access to resources. A number of organizations are involved, including Thurston Regional Planning Council, the Olympia Lacey Tumwater Visitor & Convention Bureau, local municipalities, Washington State University TeleWork program, Yelm Chamber of Commerce, Tenino Chamber of Commerce and Thurston EDC.
STEDI Meets the Third Friday of Every Month 8am-9:30am on the following rotating schedule: Rainier, Yelm, Bucoda, Rochester, Tenino
Please let George Sharp, Thurston EDC Rural Program Manager, know if you have any additions to the agenda, or if you have any events you would like shared with the STEDI team.
SAVE THE DATES - 2020 STEDI Meeting Dates and Locations
March 20- Bucoda-
April 17- Rochester-
May 15- Tenino-
June 19- Rainier-
July 17- Yelm-
August 21- Bucoda-
September 18- Rochester-
October 16- Tenino-
November 20- Rainier-
December 18-Yelm-
Click here for the EDC Business Resources Brochure.
The Thurston EDC works to connect local businesses with experts and resources to help them stay competitive through its Business Resource Center – providing counseling, mentoring, and technical assistance to new and existing business owners.
The BRC hosts Mobile BRC presentations in South Thurston County once a month. Please contact us for info about upcoming events or visit the Events tab on our website to learn more.
Other useful links for small businesses:
https://www.consumersadvocate.org/small-business-loans