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Pace of new PPP loan approvals appears to slow

Application approvals appear to be slowing down for the federal Paycheck Protection Program. As of Tuesday evening, the U.S. Small Business Administration reported about $181.16 billion of loans had been approved using the $310 billion pot. That’s about 58.44% of the funds. The SBA last reported an update on the PPP through May 1 – the first five days of the second round of funding. At that time, $175.74 billion in loans had been approved, accounting for about 56.69% of the available money. More here

Wisconsin health agency releases metrics hospitals must achieve before Badger Bounce Back
Fifteen days after Gov. Tony Evers announced his Badger Bounce Back plan for restarting Wisconsin’s economy, his health services agency released key metrics for determining when to phase up activity — hospitals affirming they can treat all patients without crisis-care protocols. If Wisconsin hospitals achieve the goals, the state can proceed to phase 1 of the bounce-back plan that will allow essential businesses to resume full operations and non-essential businesses to start partial operations. Phase 1 also allows gatherings of up to 10 people. 
More Here

Wisconsin has paid out $384.3M in unemployment benefits since March 15
Since the Covid-19 pandemic began negatively impacting Wisconsin's economy in mid-March, the Wisconsin Department of Workforce Development has deployed $384.3 million to those in need of unemployment benefits, the department announced. Through May 2 and dating back to March 15, DWD has received 498,297 preliminary unemployment benefit applications. The daily counts reported by DWD are not yet official. After the claims are processed and verified, the counts are reported weekly to the U.S. Department of Labor. More Here

 

Wisconsin Veterans Chamber of Commerce and Lift for the 22 announces more than $20,000 raised to support veteran organizations
The Wisconsin Veterans Chamber announced today it has raised more than $20,000 from business and community leaders to support the COVID-19 Relief Fund for Wisconsin Veteran Service Organizations. Funds will be distributed to nonprofit charitable organizations serving military veterans, service members, and their families. More Here
 
State Senator Dale Kooyenga joins next COVID-19 Weekly Briefing
Join us this Friday from 9:30-10:30 for our Weekly COVID-19 Briefing with special guest Senator Dale Kooyenga. Senator Kooyenga will share updates and policy changes from state government and the state legislature. More Here
 

Every Friday 9:30 am- 10:30 am

We changed platforms! New link below!
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Join by phone +1 (646) 749-3112  Access Code: 175-995-869

We care about our members, and we are reaching out to ask a few questions on how COVID-19 has impacted your business.

You have a voice, and we are asking our members to speak up. Please take a few minutes to fill out our questionnaire.

This will give us a better idea of what resources you need and if our members are being taken care of.
Complete the Survey Here 

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Newsletter produced by WVCC staff, volunteers, and Anita Adamski Design.

Copyright © 2020 Wisconsin Veterans Chamber of Commerce, All rights reserved.


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