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East Bay city works to help small businesses [East Bay Times]

East Bay city works to help small businesses [East Bay Times] Jan. 22 Like many communities, small businesses in Antioch have been hurt by the pandemic, but that doesn’t mean the city is sitting still waiting for a cure. Recognizing many of its small businesses were hurting, the Antioch Chamber of Commerce recently conducted an initial survey to see where things stood, and the results were grim. Nearly 75% of the respondents, who made up roughly a third of the city’s small businesses, said their gross sales “were drastically down” or that they had closed down because of the impact of the pandemic and health orders. Only 5% said there had been no change and another 5% indicated sales were up.

Biden Proposes New COVID-19 Lifelines

FINANCE By Andrew Asch | Thursday, January 21, 2021 Before becoming the 46th United States president, Joe Biden unveiled the American Rescue Plan on Jan. 14, a proposed $1.9-trillion program that his incoming administration said will put the U.S. economy back on its feet after 10 months of the COVID-19 pandemic. The plan was announced shortly after the U.S. Congress approved a second round of Payment Protection Plan loans, which will provide further aid to small businesses navigating the pandemic’s economic slowdown. The American Rescue Plan proposes increasing unemployment insurance, giving stimulus payments of $1,400 to qualifying individuals, and offering aid to state and local governments, schools, renters, child-care providers, as well as a speed-up for COVID-19 vaccination programs.

Chamber to host PPP workshop on second round of PPP loans

The Saratoga blog By Wendy Liberatore on January 19, 2021 at 5:31 PM The Saratoga County Chamber of Commerce is hosting a Payment Protection Program, Round 2, webinar  with UHY, LLP from 9 to 10 a.m. on Thursday, Jan. 21. The program will discuss changes to eligibility, uses and forgiveness. It will be presented by UHY Principal Ali Baydoun and Partner Michael Poveda. They will give updates on the PPP funding and has given updates regarding the allowed uses of PPP funds. Topics covered include: Eligibility requirements Updates to forgiveness criteria

Chesapeake Financial Shares Inc says Chesapeake Bank in good standing as it has well-crafted technology to deal with the next round of PPP loans

Chesapeake Financial Shares Inc says Chesapeake Bank in good standing as it has well-crafted technology to deal with the next round of PPP loans
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