Business Grant Opportunity ~ Eagle Mountain Chamber of Commerce

COVID RELIEF GRANT

The Eagle Mountain Chamber of Commerce in conjunction with Facebook is providing $200,000 in small business grants for EM businesses.

  OPEN for Applications APRIL 29th- MAY 8th. 

Become a chamber member, and APPLY April 29th!!

What is TestUtah?

TestUtah is a new initiative sponsored through Silicon Slopes and in partnership with our state leaders and private corporations. Our goal is to dramatically increase the rate of COVID-19 testing so Utahns can have better access to testing and help stem the spread of COVID-19, to get us back to normal as quickly as possible.

Why is it important to consider testing?
The sooner we can identify COVID-19 cases, the sooner we can get back to our normal way of life.
In addition to social distancing, widespread testing is a proven, effective way to combat the spread of COVID-19.
Testing gives us crucial data that we need to track the spread of the virus, contain it, and to help find a cure and save lives.

Economic Stimulus Package Signed

The Utah Economic Response Task Force is committed to providing Utah businesses with the most relevant and up-to-date information regarding the many Federal programs and resources available. The $484 Billion Interim Economic Stimulus Package was passed by Congress and signed into law by President Trump on April 24, 2020.

Highlights include another $310 billion to replenish the Paycheck Protection Program (PPP) for small businesses impacted by the COVID-19 pandemic and $60 billion to supplement the Economic Injury Disaster Loan (EIDL).

The Small Business Administration (SBA) will resume accepting PPP loan applications on Monday, April 27 at 10:30AM EDT from approved lenders on behalf of any eligible borrower.

Please read below for additional information regarding these two programs. It is highly recommended that eligible Utah companies apply for these resources if they have not done so already.

Paycheck Protection Program (PPP)
The PPP is designed to help small businesses keep their workforce employed. Loans are backed by the SBA through local lenders and businesses should apply with an SBA-approved lending institution. Local lenders can be found at: utah.bank/advocacy/resources/covid-19/ppp-banks or utahscreditunions.org.

Economic Injury Disaster Loan (EIDL)
EIDLs are administered and approved by the U.S. Small Business Administration. EIDLs offer a bridge loan program of $10,000 to cover immediate costs and is forgiven if certain criteria are met. Apply at SBA.gov/disaster.