Gubernatorial Forum and Return to Work Series Training
Gubernatorial Forum
Come participate in our Multi-Chamber Gubernatorial Forum on Wednesday, May 13. This will be a fantastic opportunity to listen carefully to each candidate and see how they align with your views on various topics. There are 9 Chambers of Commerce who are participating in this event.
Our Chamber initiated the idea and proposed it to the Association of Utah County Chambers. The Association also invited the Davis Chamber to join with us.
Order some delicious food and enjoy the event!
Commercial Rental Assistance Program - Act Quickly, Don't Miss Out!
Utah small businesses that rent commercial property may receive pandemic relief from the Legislature. Today, following a legislative special session and appropriation, the Utah Governor’s Office of Economic Development (GOED) announces the COVID-19 Commercial Rental Assistance Program.
As part of S.B. 3006, the COVID-19 Commercial Rental Assistance Program includes $40 million in commercial property rental assistance. GOED will administer the grants providing rental relief to Utah small businesses — including nonprofits, sole proprietors, independent contractors and those that are self-employed — that have lost revenue as a result of measures taken to minimize the public’s exposure to COVID-19.
“The COVID-19 Commercial Rental Assistance Program will help many of Utah’s commercial property leasees in need of financial help because of the coronavirus pandemic,” said Val Hale, GOED’s executive director. “We thank the Legislature for allocating $40 million in federal CARES Act funds to the program and hope the grants that are distributed will help Utah small businesses get back on their feet as quickly as possible.”
The COVID-19 Commercial Rental Assistance Program was created on April 30, 2020, when Gov. Herbert signed S.B. 3006. Since then, GOED has worked to compile grant information, eligibility, required documentation, and to prepare an online application process.
To be eligible for the Commercial Rental Assistance Program, applicants must:
Have a current lease on commercial property in the state of Utah
Claim Utah as their principal place of business
Be in operation with fewer than 100 employees on Feb. 15, 2020
Demonstrate at least a 50% loss of gross monthly revenue after March 1, 2020, as a direct result of the COVID-19 pandemic
Not received funds from the COVID-19 Agricultural Operations Grant Program (funded with federal CARES Act monies)
An applicant determined to meet eligibility requirements will receive an amount, not to exceed $10,000, between 25% and 100% of a single month of its business lease amount. The percentage will be based on a formula that takes into account the company’s loss of gross revenue and whether the company received funds from the CARES Act Paycheck Protection Program (PPP) managed by the U.S. Small Business Administration.
For applicants that did not receive PPP funds, grant amounts will be the lowest of 1) $10,000, or 2) 100% of monthly rent with a monthly gross revenue loss of 71% or more, or 3) 50% of monthly rent with a monthly gross revenue loss between 50% and 70%.
For applicants that did receive PPP funds, grant amounts will be the lowest of 1) $5,000, or 2) 50% of monthly rent with a monthly gross revenue loss of 71% or more, or 3) 25% of monthly rent with a monthly gross revenue loss between 50% and 70%.
Qualifying businesses and nonprofits may apply atcoronavirus.utah.gov beginning May 11, 2020, at 9 a.m. Completed applications are accepted on a first-come, first-served basis. The application process will remain open until all grant funds are used. A grant request is not a guarantee of funding.
To prepare for submitting applications on May 11, grant eligibility and required documentation are now available atcoronavirus.utah.gov and on GOED’s website. GOED will begin mailing grant checks on May 15.
Please direct questions about the COVID-19 Commercial Rental Assistance Program to the Utah Governor’s Office of Economic Development at rentalgrant@utah.gov.
Monday, May 11
12:00 - 01:00 PM
Online Meeting - Register below to get the link
Return to Work Series: Innovation and Return to Work
Description
Over the past six weeks, businesses have been forced to rethink everything, accelerating product innovation and digital transformation like never before. As COVID-19 serves as a tipping point for product innovation, we will explore new tools and solutions coming to market to help support the “new norm” for employers and businesses.
Speakers:
Evan Michael, Executive Vice President and General Counsel, NFP
Suzanne Spradley, SVP, Chief Compliance Officer, NFP
Mark Rieder, Head of Innovation, NFP
Return to Work Series: Business Insurance Issues Related to Return to Work
Description
COVID-19 has had a profound impact on our economy and businesses across industries, leaving many to grapple with the cost and relevance of commercial insurance. This discussion will address the elevated relevance of a variety of coverages – including employment practices liability insurance (EPLI), workers’ compensation, and liability related to public considerations – in this challenging environment.
Speakers
Evan Michael, Executive Vice President and General Counsel, NFP
Suzanne Spradley, SVP, Chief Compliance Officer, NFP
David Langman, SVP, Property & Casualty, NFP
Monday, May 18
12:00 - 01:00 PM
Online Meeting - Register below to get the link
Topic - Return to Work Series: Employee Wellness and Return to Work
Description
Return to work policies, procedures and resources must account for their impact on all areas of an employee’s well-being, including mental, emotional and physical health, safety, financial well-being, social connections and interaction. This session will provide specific details on considerations for employers as they address employee well-being.
Speakers
Evan Michael, Executive Vice President and General Counsel, NFP
Suzanne Spradley, SVP, Chief Compliance Officer, NFP
Deb Smolensky, VP, Well-Being and Engagement, NFP