|UPCOMING EVENTS||Online Speed & Pitch Networking |
June 30, 2020
|WEBINAR: HOW COVID-19 HIT LATINO FAMILIES|
June 30, 2020
|Investment Environment Business Opportunities in Columbia|
July 1, 2020
|Online Speed & Pitch Networking Happy Hour |
July 2, 2020
| Chamber Business & International Expo |
September 24, 2020
June 18, 2020
As we march towards economic justice and safety for all who live and work in our community; we need to remember that discrimination comes in many forms. Today, COVID 19 has exposed the economic discrimination in our system. The Greater NY Chamber has led the fight for $15 minimum wages in NY and now we see that our federal government is willing to pay unemployed low wage workers even more.Business needs labor and now there are Payroll Protection Program “PPP” loans” that are forgivable! Today June 19th 2020, we celebrate Juneteenth, a National Holiday that will help us remember Black History and the fact that we need more fairness and equal rights for everyone, regardless of the color of their skin. The Greater New York Chamber of Commerce commits to continuously fight and stand for freedom, justice and equality.Read More
Economic Injury Disaster Loan (EIDL) - Reopen for Applying
June 17, 2020
To further meet the needs of U.S. small businesses and non-profits, 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.Read More
Small Business Friday's Continue June 19th
June 10, 2020
With overwhelming attendance and engagement and over the past few weeks, we are proud to bring you another edition of Small Business Friday's - This free online conference event will be held Friday, June 19th.Read More
Mark your calendars and RSVP your spot on our events page today!
Canton Fair Virtual Expo
June 9, 2020
Don't miss out on the 127th Canton Fair Virtual Expo!Read More
Information Webinar - June 10th (10:15 am – 11:15 am)
This Years Canton Fair will be “Virtual” and Complimentary
Make sure you RSVP to receive the Zoom meeting link
Paycheck Protection Program Reform Bill Passed - Helping Small Businesses
June 4, 2020
The Senate tonight passed by voice vote a House-passedclearing it for President Donald Trump's signature.Read More
The legislation would give small businesses more time to use emergency loans under the program by extending the eight-week period in which they must use the money to qualify for loan forgiveness to 24 weeks.
The bill would also give small businesses more flexibility by changing the so-called 75/25 rule, which requires recipients of funds under the program to use three-quarters of the money for payroll costs and to limit other costs to no more than 25% in order to be eligible for loan forgiveness. The new ratio would be at least 60% on payroll and no more than 40% on other costs.
A Complimentary Day of Online Networking, Webinars and Business Resources for Your Business
June 2, 2020
Twice a month the Greater New York Chamber has been hosting "Small Business Friday's" a celebration for small businesses. It is a day of complimentary networking, webinars and small business updates on running your business during this Covid times.Read More
Informative presentations were sponsored by: “Social Distancing is Not Social Isolation” hosted by: Coorva; “How to Lead with Empathy” hosted by: Insperity; Karen Kerrigan, President & CEO of SBE Council gave updates on the status of the PPP loans; Public Relations for Business – "Why, What and How"
hosted by: SAIPR – Advertising/Public Relations; "How to Get More Interaction on Social Media" hosted by: ibuumerang; "The Google Ad Grant - Google provides $10,000 worth of Ad words credit per month to all 501c3 organizations hosted by General Systems Corporation.
Changes Needed to be Made for the Paycheck Protection Program (PPP)
May 29, 2020
Karen Kerrigan, President & CEO of Small Business & Entrepreneurship Council talks about the important improvements and updates to PPP included in H.R. 7010 that will make it a more effective program for small businesses. The flexibility provided by these changes aligns with the practical needs of small business owners and evolving economic conditions on the ground. The pace of recovery will vary greatly depending on state and local re-opening timelines and guidelines, and demand. Many of the changes to PPP will give small business owners the room and time they need to respond to local conditions and market demand.Read More
“Obviously, we supported a big fix to the 75-25 rule. While disappointed by the 60-40 compromise, it was positive to see some movement on this critical issue. This will continue to be a barrier for some small businesses in accessing the program, but we are hopeful PPP loan demand will pick up once the other PPP changes are signed into law.We ask that if there is to be additional guidance forthcoming from the SBA and Treasury, once the bill becomes law, that it be clear and speedy.”
Among other provisions, H.R. 7010 includes key changes advocated by SBE Council, including:
● Extension of the covered period to December 31, 2020
● Common sense rehire flexibility rules for loan forgiveness
● Extending the 8-week loan forgiveness window to 24 weeks
SBE Council will continue to monitor and advocate for reforms of the PPP and EIDL programs. For example, SBE Council is pushing for a rule change to allow for technology software expenses as they relate to administering payroll to be included as a forgivable expense in PPP, along with other essential expenses.