May 11 Update from Maryland Department of Commerce

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Happy Monday! It’s a new week, with new possibilities.  May this information help you make the most of the week’s possibilities.  Nancy

What’s Open?  A Complete List of U.S. States Reopening – As of 5/6/20 from Zenefits

Return to Work: Can my business be held liable? Navigating workers’ compensation, civil suits, and OSHA violations in the age of COVID-19. Read Article Here by Zenefits

 New Unemployment Guide from the Maryland Department of Labor to help answer new weekly claim certification questions required by the U.S. Department of Labor. The guide lists new questions in the order they are asked, describes what the questions are asking claimants, and explains what answering “Yes” or “No” means. Access guide: www.labor.maryland.gov/employment/uicovidcertfaqs.pdf.

PPPL News – The Paycheck Protection Program is still accepting applications for small businesses. Apply through your bank. Funding can be used for payroll, rent, mortgage interest, or utilities. Learn more and find a participating lender –SBA link

The Small Business Reorganization Act of 2019 – Free webinar – Maryland Chamber Foundation with representatives from Whiteford Taylor Preston discuss the new Small Business Reorganization Act of 2019. Small business owners now have the lifeline to work through a rough patch by taking advantage of the new Small Business Reorganization Act of 2019.SBRA is a significant change in existing bankruptcy law that greatly reduces or eliminates costs associated with a bankruptcy reorganization, expedites the process for a quick turnaround, and preserves ownership and control of the business. Tuesday, May 12, 11:00 AM to 12 PM (EDT) REGISTER HERE

Economic Forecast with Anirban Basu. Sponsored by the Anne Arundel County Chamber and Live! Casino on May 12 at 3:00 PM – Free webinar on how a post COVID-19 economy moves forward. Read More Here:

JOIN US FOR OUR UPCOMING WEBINARS

The Maryland Chamber Foundation remains dedicated to supporting our state’s business community—and maintaining continuity of operations—as we grapple with the effects of the COVID-19 crisis.

We’d like to invite all members and partners of the Maryland Chamber to join us for our upcoming webinars:

Webinar | COVID-19: A Conversation with Comptroller Peter Franchot

Friday, May 15, 2020 

1:30 PM – 2:30 PM (EDT) 

Cost: free

Presented by: Comptroller Peter Franchot and Andy Schaufele, Director of the Bureau of Revenue Estimates

Please join us for a conversation with Comptroller Peter Franchot and Andy Schaufele, Director of the Bureau of Revenue Estimates. Our guests will discuss the fiscal and economic challenges Marylanders are facing during this pandemic, and provide us with their predictions for the future.

Participants will learn more about recently released data and revenue indicators from the Bureau of Revenue Estimates and will have the opportunity to ask questions of the panelists.

And it is not too late to register for tomorrow’s webinar:

Webinar | The Small Business

Reorganization Act of 2019

11:00 AM – 12:00 PM (EDT) 

Cost: free

Join the Maryland Chamber Foundation for a free webinar as representatives from Whiteford Taylor Preston discuss the new Small Business Reorganization Act of 2019.

Small business owners now have the lifeline they need to work through a rough patch, cyclical downturn or other unexpected problem by taking advantage of the new Small Business Reorganization Act of 2019 (the “SBRA”).

SBRA is a significant change in existing bankruptcy law that greatly reduces or eliminates many of the costs associated with a bankruptcy reorganization, expedites the process for a quick turnaround, and preserves ownership and control of the business.

Given the number of businesses suddenly faced with the prospect of insolvency, the SBRA feels like must-know law. It is described as a game changer for small and medium-sized businesses, as it allows access to a quicker and less expensive reorganization, at the same time making it easier for a business to maintain equity interests.

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