This ADP Coronavirus (COVID-19) Employer Preparedness Toolkit was designed to help you navigate the challenges you and your workforce are facing.
Business for All, a partnership with the National Chamber of Commerce and with the support of Verizon, Silicon Valley Bank and eBay Foundation to support small business owners, has built the COVID-19 Business Resource Center that is now offering $10,000 emergency grants through a fund for small business owners affected by this pandemic. Businesses that need relief are encouraged to complete the COVID-19 Business for All Emergency Grant application.
As part of the Cares Act and guidance from the SBA, Chase will be offering the Paycheck Protection Program Loan (PPPL) for small businesses. As such, we want to share this information with the veteran community to ensure they have the opportunity to take part. This loan will be available to Chase clients starting Friday morning (please see eligibility and other banks will be offering similar programs).
“Employers with fewer than 50 employees may claim an exemption from the emergency paid leave provisions of the Families First Coronavirus Response Act (FFCRA), and the exemption applies specifically to leave taken for reasons of child care and school closures related to COVID-19, according to a U.S. Department of Labor (DOL) guidance updated March 28.
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now.
Usually most self-employed people or independent contractors aren’t eligible for unemployment except in some cases in which someone has set up business as an S-corp. But things have changed. Congress recently passed a $2 trillion stimulus package, the Coronavirus Aid, Relief and Economic Securities Act (CARES) – Read More
Helps address humanitarian and economic challenges, supporting vulnerable and underrepresented communities, small businesses and existing nonprofit partners
SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance for a small business. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
New federal legislation and appropriations has opened up the possibility for small businesses to receive assistance for economic loss due to COVID-19. Details of eligibility and administration of this assistance from SBA are still being addressed by the SBA. However, some information from the traditional SBA Economic Injury Disaster Loan (EIDL) program will still apply for COVID-19.
Managing Your Business – Harvard Business Review
- How Chinese companies are responding – Are there lessons to be learned from how businesses in China are coping with coronavirus?
- Supply chain pressure – James B. Rice, deputy director of the MIT Center for Transportation Logistics, explains measures companies can take to overcome disruptions in your sourcing, production, and distribution pipelines, and how to better prepare for future crises.
Managing Your Teams – Harvard Business Review
- Running effective virtual meetings – Perhaps the most challenging things about virtual meetings is to ensure that everyone is paying attention.
- Helping teams work remotely – Strategies that leaders can employ to ensure their teams continue to collaborate effectively and maintain momentum in the business.
- Options for remote work – Five concrete steps companies can take to prepare and encourage employees to work from home.
The Big Picture – Harvard Business Review
- US health system under stress – What the US needs to do––right now––about coronavirus, from three health and public policy experts.
- Coronavirus and the global economy – Business leaders are asking: will there be a recession, how bad will it get, and what are the scenarios for recovery and growth?
- Surviving a sustained crisis – HBS Dean Nitin Nohria discusses the qualities of organizations that are best equipped to cope before, during, and after a pandemic.
- What to do about bad news – HBS Professor Amy Edmondson says transparency is “job one” for leaders in times of crisis.
Additionally, we recommend checking out the following resources to get yourself prepared for the interruptions that might come our way in the coming weeks:
- A Guide to Remote Working for Startups
- Startup Advice for Coronavirus Turmoil
- What to Consider When Employees Need to Start Working Remotely
- How to Protect Your Small Business Operation During Coronavirus
Crisis Ready Checklist
Don’t let yourself or your team be blindsided. With readiness and resiliency being the goal, following are some lines of thought that should be a part of your internal discussions. Click Here