Special events this weekend | Updates on PPP Loan Forgiveness

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October 15, 2020

#bacc2work

"Even if you are on the right track,

you will get run over if you just sit there"

- Will Rogers

PROMOTIONS & EVENTS

DID SOMEONE SAY "FREE" EDUCATION?

Earn a degree - FREE of Charge - Check out Wayne County Community College - a Diamond Member at YOUR Chamber.

VIRTUAL AUTHOR EVENT

Josh Malerman

October 22nd

Join Michigan author Josh Malerman as he discusses his new book, Malorie. Malorie is the thrilling sequel to his New York Times Bestselling book Birdbox, the inspiration for the hit Netflix film of the same name.

More Info

CRAFT SHOW THIS WEEKEND

Flowers in the Mitten - Romulus

Saturday 11-4pm

MEET THE CANDIDATES

Oct 26th - 11am Facebook Live

MARK YOUR CALENDARS

October 24th 3pm

OUR FIRST GAMEDAY MARKETPLACE - SATURDAY WALMART

OCT 17TH 12-5PM

Walmart and the BACC are hosting this event built to help small businesses in the area! Come out to the Belleville Road location this Saturday and check out the food trucks, and small businesses!

Remember - #shoplocal #supportlocal

Still room for YOUR business on the 24th and 31st!

REUSABLE WATER BOTTLES NEEDED

Did you know that the schools have had to shut off the water fountains in school? That means 2,000 kids need water bottles that are reusable! If you have any laying around, take them to the collection box at the Library! The Rotary Club of Belleville has been organizing this!

ADVOCACY

PPP LOAN FORGIVENESS IMPORTANT

The U.S. Small Business Administration, in consultation with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars. They also announced a new exemption for the same group of borrowers so they wouldn’t have to reduce their forgiven loan amount because of layoffs or wage cuts.

According to new application instructions by Treasury and SBA, the new form requires fewer calculations and less documentation for eligible borrowers. The changes are not available to businesses that took out multiple loans totaling $2 million or greater.

SBA and Treasury have also eased the burden on PPP lenders, allowing lenders to process forgiveness applications more swiftly.

SBA began approving PPP forgiveness applications and remitting forgiveness payments to PPP lenders for PPP borrowers on October 2, 2020. SBA will continue to process all PPP forgiveness applications in an expeditious manner.

View the simpler loan forgiveness application.

View the instructions for completing the simpler loan forgiveness application.

View the Interim Final Rule on the simpler forgiveness process for loans of $50,000 or less.

HEALTH DEPARTMENT ISSUES NEW ORDERS

The state has issued a 2 page infographic explaining the new rules. Click download below, and you will have the PDF for your own file. It's hard to stay up to date on the rules changes, but we are trying to make these available for you.

Download Infographic

CONNECTIONS, a Business Resource Network (BRN), is a multi-employer collaborative

that supports a Success Coach whose sole purpose is to address the individual issues that impact the attendance and productivity of their employees.

More Info

MICHIGAN LEGISLATURE OK'S CHAMBER SPONSORED - COVID LIABILITY PROTECTION

The Michigan Senate passed an amended legislative package of bills that will provide coronavirus liability protections to businesses during an overnight session and after hours of negotiations between legislative leadership and the governor's office.

Legislation allowing public bodies to meet remotely, implementing task force recommendations on housing COVID-19 patients in centers run by nursing homes and extending unemployment benefits also were decided during the lengthy session day.

House and Senate action became necessary to extend various measures

Read complete article

WINTERFEST 2020

Miracle on 4th Street - December 3rd - 6th

YOUR Chamber is moving forward with the planning of WinterFest.

Fireworks 7:30pm December 4th

Parade 6:00pm December 5th

We are planning additional activities and are focusing on safety. We will have Santa come to town! Thank you to our sponsors for helping us provide the community a much deserved weekend!