Today we held a conference call with economist Dr. Matthew Martin who provided a regional and national economic outlook relating to COVID 19. The presentation and call recap are below. Special thanks to: Matthew Martin, PhDRegional Executive, Federal Reserve Bank of Richmond The views and opinions expressed herein are those of the author. They do… Read More »
Category: Advocacy
COVID 19 Economic Outlook
NC to Enter Phase 1 Reopening on Friday
The first phase of Governor Cooper’s 3-phased reopening plan will begin on Friday, May 8th at 5:00PM. Phase one of the Governor’s plan eases some of the restrictions found in Executive Order 131. This period is designed to provide safe opportunities for people to socialize, boost our economy, and keep important safety restrictions in place. Executive Order 138 modifies the… Read More »
NC Enacts COVID 19 Recovery Act
Governor Cooper signed two bills on Monday, and they are effective immediately. The North Carolina General Assembly approved a robust $1.6 billion COVID-19 relief package. The legislation entitled the “2020 COVID-19 Recovery Act” is comprised of two parts: House Bill 1043 (HB1043) and Senate Bill 704 (SB704). The total dollar amount does not account for… Read More »
Social Distancing Actions for Retailers and Unemployment Guidance for Employers
Governor Roy Cooper took additional actions to the address the spread of COVID-19 in North Carolina by issuing stronger social distancing requirements and speeding up the process to get benefits to people out of work. The key provisions of the order are requirements that retail stores still in operation have to implement new social distancing… Read More »
Covid 19 Updates for Monday, March 23
Understanding the SBA Small Business Disaster Relief Loans The Winston Salem Chamber is hosting a virtual meeting with Levi Kinnard, SBA Economic Development Specialist with the North Carolina District Office: Wednesday, March 25, 10AM Dial in: (605)-313-6023 \\ Access Code: 80-52-93# Two New Refundable Payroll Tax Credits The U.S. Treasury Department, the IRS, and the U.S.… Read More »
Local Relief Fund, SBA Loans & More
North Carolina Business Are Eligible for SBA Loans We are happy to share that the Small Business Administration (“SBA”) is now offering low-interest federal disaster loans for working capital to North Carolina small businesses suffering substantial economic injury as a result of the COVID-19. As we mentioned in yesterday’s update, Governor Cooper formally requested help… Read More »