Mar19Thu

SBA Funds Available to PA Companies

News from the Department of Community and Economic Development (DCED): Governor Tom Wolf’s request to the U.S. Small Business Administration (SBA) for a disaster declaration was granted for all 67 counties in the Commonwealth. Pennsylvania businesses economically affected by COVID-19 are now eligible for SBA Economic Injury Disaster Loans and may apply through the SBA loan portal.

Small businesses unable to secure a loan elsewhere are eligible to apply for credit of up to $2 million at a 3.75% interest rate and nonprofit organizations at 2.75% for a timeframe of up to 30 years (all individually negotiated). Loans are for operating capital such as payroll and fixed debts that are unable to be paid due to the impact of COVID-19. For more specific information, contact your local SBA office.
Mar16Mon

Philadelphia Department of Commerce / SBA resources

Please refer to the following resources in the coming days and weeks:
• For updated information and guidance from the Philadelphia Department of Public Health, visit www.phila.gov/COVID-19. There is a section specifically dedicated to businesses and nonprofits.
• Require sick staff to stay home. Learn more about Philadelphia’s sick leave policies here.
• Be vigilant in your washing hands and not touching your face.
• Refer to the CDC’s website for additional information.

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Mar12Thu

Important updates from Life Sciences PA

Valuable information presented by Life Sciences PA

Yesterday the World Health Organization officially declared the COVID-19 outbreak a pandemic. Subsequently, President Trump addressed the nation to quell fears about the virus, announce a 30-day ban on foreign visitors from most of Europe and discuss the Administration’s efforts to offer business relief to companies affected by the COVID-19 outbreak. The President is instructing the Small Business Administration(SBA) to begin providing economic loans in affected states and territories, is instructing the Treasury Department to defer tax payments without interest or penalties for certain individuals and businesses negatively impacted, and called on Congress to provide Americans with immediate payroll tax relief. Please click on the links provided to access information and resources for your business.

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Feb13Thu

Member News from PHL International Airport

Philadelphia airport sets new record for passenger traffic – and it could really take off in 2020
By
Philadelphia Business Journal

Philadelphia International Airport flew to an all-time passenger record in 2019, growing total traffic by 4.2% over the prior year.

Some 33 million passengers passed through the gates at PHL last year, a number boosted by increased volume to Las Vegas, Key West and Myrtle Beach. Internationally, new routes were added to Germany, Scotland and Croatia.

Click HERE to read more.