Business Recovery Summit & Expo

Friday, July 7, 2023 • The Hyatt Regency Guam

Your Guam Chamber has planned a Business Recovery Sumit & Expo on Friday, July 7, 2023, from, 8:30 am - 4:00 pm at the Hyatt Regency Guam to provide companies with information about the state of the economy as Guam recovers from Typhoon Mawar. The summit will help businesses and industries plan and forecast for the future in light of the state of the island after the typhoon as well as provide updates on restoration efforts to date.

The program will feature an economic forecast panel (state of the economy, tourism, construction, and real estate) a telecommunications update panel, a utility update, and an industry recovery panel as well as a table-top exhibit opportunity.

The exhibition portion of the event will feature representatives from various industries and government support services that will provide one-on-one assistance for businesses in their recovery efforts and answer inquiries and questions. This event will additionally assist participating exhibitors with an opportunity to match their services with other companies.

We look forward to seeing you as we work together in restoring our island and building an improved product for our businesses, residents, and visitors. Register to participate today!

Disaster SNAP Program

Extended til Saturday, July 1, 2023

On Tuesday, June 27, 2023, Pubic Health and Social Service announce the extension for the Disaster Supplemental Nutritional Assistance Program. D-SNAP provides financial assistance to low-income households that have experienced food loss or damage caused by a natural disaster. D-SNAP extension will start on Thursday, June 29, 2023, through Saturday, July 1, 2023.

When applying, residents are encouraged to bring items to help them feel comfortable waiting in line, such as portable chairs, umbrellas, snacks, and drinks. Click here to view press release.

Residents can apply at any of the three D-SNAP Enrollment Centers are listed below:

CLICK HERE TO VIEW DETAILS!

Disaster Recovery Centers Operational on July 4 Holiday

[JIC Recovery Release No. 73]

FEMA Disaster Recovery Centers are accessible facilities and mobile offices you can visit to learn more about FEMA and other disaster assistance programs. Guam residents with losses caused by Typhoon Mawar are able to register for federal disaster assistance. The deadline to apply for FEMA individual assistance is July 27.

Guam Community College Building E: 7:00 am - 6:00 pm

Dededo Sports Compex: 7:00 am - 6:00 pm

CL Taitano Elementary School: 8:00 am - 5:00 pm

Inalåhan Community Center: 8:00 am - 5:00 pm

Guam Department of Revenue and Taxation

Issues DRT Post-Typhoon Mawar Services Update No. 5.

The Guam Department of Revenue and Taxations (DRT) issued its fifth set of guidance following the disaster declaration due to Typhoon Mawar, DRT post-typhoon Mawar service Update No. 5.

DRT requests for the community to share their information via Whatsapp, Signal, and other message services due to current communication issues. Take note that this information is subject to change. Click here to view DRT press release.

General Membership Meeting

Wednesday, July 26, 2023

Hilton Guam Resort & Spa

Your Guam Chamber General Membership Meeting is scheduled for Wednesday, July 26, 2023, at the Hilton Guam Resort & Spa from 11:30 am - 1:30 pm. Check-in begins at 11:15. Save the date to your calendar, more details is forthcoming.

TYPHOON RECOVERY RESOURCE PAGE

Does your office have a Recovery Plan in place? Do you have a Disaster Kit prepared for your home, office, and/or vehicle? Click on the link below and get set up as soon as possible. The Guam Chamber has compiled a list of key resource sites for you as a one-stop site to view updates and apply for relief. Click the link or the graphic and save it to your bookmarks on your phone or computer for ease of access. No more scrolling through emails!

All Chamber Roll Call outreach emails have also been linked to this page.

Please share this page with anyone who will benefit from this information.

SBA Tops $13 Million in

Disaster Assistance Loans for Typhoon Mawar

Director Tanya N. Garfield of the U.S. Small Business Administration's Disaster Field Operations Center-West announced on Monday, June 26, 2023, that SBA has approved more than $13 million in May, 22 - 29. According to Garfield, SBA has approved $694,900 for businesses and $12,693,900 for residents to help rebuild and recover from this disaster.

"SBA's disaster assistance employees are committed to helping businesses and residents rebuild as quick as possible." Businesses and residents in Guam who sustained damages are encourage to register prior to July 27 deadline with the Federal Emergency Management Agency at www.disasterassistance.gov. Don't miss out on any assistance you may be entitled to but not registering for help.

Click her to read more on SBA News Release

Small Business Optimism Despite Inflation Concerns

New data:  Small business owners have record-breaking optimism about the future right now, according to new data in the Q2 2023 MetLife and U.S. Chamber Small Business Index.

Some key findings from the survey:

• Both hiring plans and revenue expectations reached record highs. A record-high share of small business owners (71%) expects their revenue to increase in the next year. In addition, a record-high share anticipates hiring more staff in the next year (47%, up from 37% last quarter).
• Higher interest rates dampen growth plans. Fully half (50%) of U.S. small businesses report that they have delayed plans to grow their business in response to higher interest rates.

Click here to learn more about the findings and click here to read see the full index.

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