NIA Informs
COVID-19 and related information for the insulation industry. Click here to read the latest online.
June 16, 2020
In this Issue:
Free NIA Webinars
Tues, June 16
Tues, June 23
Tues, June 30
Business Meeting Special Notice for June 18
New PPP Guidance Issued
OSHA Reopening Refreshers & Guidance
SBA Reopens EIDL Portal for Small Businesses and Nonprofits
More News:

ESICA/CSIA Fall Conference Canceled

Free Safety Call with NIA Legal Counsel

Where to Find the Latest Information: www.insulation.org/
Attention: NIA Active Member Companies
2 Days Left to Vote on NIA's Board and Budget
Business Meeting Special Notice for June 18

NIA's notice of the virtual Special NIA Active Member Meeting on June 18 was emailed to NIA's primary representatives for all eligible Active members on Friday, June 5. ( Per NIA’s Bylaws, Active members are defined as Contractors, Distributors, Fabricators, and Laminators. Each Active member company is entitled to 1 vote.)

Newly elected NIA President John Lamberton, Irex Contracting Group, is calling a Special Meeting of the Active Membership to review business items of the association, including:

1.   Announcement of the 2020-2021 Executive Committee
2.   Election of Board of Directors Nominees
3.   Approval of the 6-month 2020 budget for July 1-December 31, 2020

Register to attend NIA's Business Session or vote electronically

 
  • TO VOTE NOW ELECTRONICALLY OR IF YOU ARE UNABLE TO JOIN THE SPECIAL MEETING: If you would like to vote now or you are unable to join the Special Meeting on June 18, you will be able to vote on these items electronically. Per NIA Bylaw Article VIII, Section 1(g) and Article VII, Section 5, the Board of Directors elected to allow electronic voting on such matters. If you prefer this method, please click the link and vote for your preferences. Only 1 vote per company is allowed. Your vote must be cast by 12 p.m. EDT on June 18, 2020.

Free NIA Webinar Today: Economist's Outlook during COVID-19
Tuesday, June 16, 1-2 p.m. ET

The COVID-19 environment continues to influence the outlook on the economy and is having significant impacts on trade, the deficit, and labor markets. Dr. Patricia Buckley will provide an update on the current economic outlook, discuss how the construction markets will be affected, and preview how COVID-19 will change future work environments.

Webinar Presenter: Dr. Patricia Buckley, Managing Director of Economics, Deloitte
Free Webinar: OSHA Alliance on Construction Safety for the Insulation and Construction Industry during COVID-19
Tuesday, June 23, 1-2 p.m. ET

The insulation industry and construction trades place the highest priority on preventing health hazards. Employers and employees now also need to understand the risks of COVID-19 and the latest safety guidance to protect workers. Join us for a webinar focusing on risks such as COVID-19, the effects of stress, shortages of PPE, and the latest OSHA guidance for the construction industry including insulation, roofing, and other activities.

Please note, this webinar is a live-only event and will not be recorded.

Webinar Presenter: Tim Irving, Deputy Director of the OSHA Directorate of Construction

Free Webinar: Investment Strategies and Stock Market Outlook
Tuesday, June 30, 1-2 p.m. ET

Making wise investment decisions can be complex and overwhelming, especially during the uncertainty of COVID-19. Morgan Stanley Wealth Management’s Larry Wethje will discuss his perspective on the current market and provide an overview of key fundamentals needed for solid investment strategies.

Webinar Presenter: Larry Wethje, Financial Advisor, Associate Vice President, Morgan Stanley Wealth Management

Guidance on the Paycheck Protection Program (PPP) Flexibility Act
Last week, the Small Business Administration (SBA) released an Interim Final Rule (IFR) on the PPP Flexibility Act signed into law last week. Fortunately, there were no surprises in this IFR, and it is a straightforward implementation of the provisions of the law that:
 
  • Extends the covered period for loans to December 31;
  • Provides a loan term of 5 years for loans made after June 5, with loans made prior to that date still having a 2-year term;
  • Extends the loan forgiveness period from 8 to 24 weeks; and
  • Requires that 60% of a loan be spent on payroll to be fully forgiven with partial forgiveness for a smaller amount spent on payroll.
 
OSHA Issues Additional Reopening Guidance

As part of reopening plans, OSHA recommends employers provide workers with “refreshers” on safety and health training and address maintenance issues they may have deferred during a shutdown. Employers should also revisit and update standard operating procedures and remember that exposures to hazards may increase during shutdown and start-up periods. OSHA's coronavirus-related guidance addresses the following issues:



For further information and resources, visit OSHA’s  coronavirus web page and the construction-specific web page.
SBA’s Economic Injury Disaster Loans and Advance Program Reopened
The U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19. “With the reopening of the EIDL assistance and EIDL Advance application portal to all new applicants, additional small businesses and nonprofits will be able to receive these long-term, low interest loans and emergency grants–reducing the economic impacts for their businesses, employees and communities they support,” said SBA Administrator Jovita Carranza.

CSIA and ESICA September 2020 Joint Conference Canceled 
For more information, visit www.csiaonline.org or www.esica.org.
Resource: One Free Call with Legal Counsel
For NIA Member Companies on Any Safety Topic
Now through August 31
In the spirit of aiding all of our members during this critical time, NIA Legal Counsel Gary Auman, of Auman, Mahan & Furry, has offered to respond to 1 safety matter question, per NIA member, via telephone call or email. Thank you, Gary, for your generosity and your safety expertise.

Contact Auman, Mahan & Furry at 937-223-6003.
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National Insulation Association