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New Info from State - Reopening State's Economy, Survey Results, PPP Info & More

5/7/2020

 

Information in this newsletter has been collected from David Lehman (CommissionerDECD), the Small Business Association (SBA), and AdvanceCT. The State of Connecticut is preparing for the economy's intended opening on May 20th. The Town of Orange is also preparing for the local business community to reopen. So that we may keep a direct line of communication during these most important weeks, I am requesting business owners to let me know the most efficient means we can communicate.  Please email me at asliby@OrangeEDC.com or call (203-891-1045) with your current contact information.

 

OUTLINE OF PHASED-IN APPROACH TO REOPENING CONNECTICUT'S ECONOMY: Governor Lamont gave an update on Connecticut's Coronavirus response efforts (as of 4/30/20). He also presented an approach his administration is considering to reopen Connecticut's economy in phases beginning May 20th. Read the slides from Governor Lamont's presentation.

 

SURVEYS: A summary of responses to the Connecticut COVID-19 Business Survey (April 17 -24) can be found here: Survey Results. Two new surveys have been launched which focuses on Connecticut's reopening to gather more insight and input from businesses and employees. Please go to Small Business Reopening Survey (for business owners) and Worker Sentiment Survey (for their employees).

 

SKILLUP CT: This program is an at-home learning program offering free online job training and access to 5,000 courses for any resident who is unemployed during the COVID19 pandemic. Courses include Information Technology, Business Analysis, Customer Service, Project Management and more. To find out more information or enroll in the program, go to SKillUp CT.

 

PAYCHECK PROTECTION PROGRAM (PPP): The Small Business Association reported that just over $110 billion in funding remains for the second round of the Paycheck Protection Program. Connecticut companies have taken advantage of the program, with approximately 30,000 organizations approved for $2.5 billion in forgivable loans so far during this round. Go to the PPP Information Page for more information. There are over 350 SBA-approved banks that can assist with PPP applications. Businesses can also apply for the PPP through online lenders (Fintechs) such as: QuickBooks Capital, Square Capital, Kabbage, PayPal, Bluevine, Funding Circle and OnDeck.

 


4/23/2020
State Refunding Programs (PPP, EIDL & More)
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5/11/2020
New Rules from the State - Reopening the Economy on 5/20
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