Small Business Update:
Wyoming small businesses impacted by coronavirus have received final federal approval to seek loans up to $2 million as part of the Small Business Administration's (SBA)Economic Injury Disaster Loan program. SBA has added all 23 Wyoming counties to it's list ofdesignated “economic disaster” regions eligible for small business disaster loan assistance.
If you are a Wyoming small business owner andhave been negativelyimpacted by coronavirus, the SBA’s Federal Disaster Loan program can provide you with loans to help overcome the temporary loss of revenue you might be experiencing.
The loan amount will be based on actual economic injury and financial needs, sobusiness owners shouldgather items such as financial statements, tax returns, and revenue projections to prepare for a loan request.To apply for a SBA Federal Disaster Loan, click on the following link:https://disasterloan.sba.gov/ela/
As always, make sure you visitcheney.house.gov/coronavirus
for daily updates on resources andguidelines from the White House COVID-19 Task Forcethat will help to slow the spread of this virus and keep you and your family healthy. Here's The Latest:
On Thursday, Governor Mark Gordon endorsed a decision by the Wyoming State Health Officer to close public places for a two-week period to help slow the community spread of coronavirus.The order is effective immediately and extends through April 3rd.
The mandate affects “schools, theaters, bars, nightclubs, coffee shops, employee cafeterias, self-serve buffets, salad bars, unpackaged self-serve food services, gyms, conference rooms and museums.” Restaurants can still operate, as long as they do so outside of a dine-in setting. Child care services are also closed, except for those that cater specifically to “essential personnel.”The full order from the Governorcan be found herein its entirety.
In Congress, House and Senate Committees are working over the weekend on a bipartisan basis to pass the 3rd coronavirus economic relief package titled the Coronavirus Aid, Relief, and Economic Security (CARES) Act.The CARES Act is focused on four main priorities:
1. Direct financial help for the American people;
2.Significant steps to stabilize our economy and protect jobs;
3.Rapid relief for small businesses and their employees;
4.Increased support for the brave healthcare professionals and the patients who are fighting the coronavirus on the front lines
We are working to swiftly pass the CARES Act in the Senate and House so that President Trump can sign this legislation into law this week. More details about the CARES Actcan be found here
. Latest Updates From The White House Coronavirus Task Force
The White House made several important announcements at today's briefing with the Coronavirus Task Force:The President InvokesDefense Production Act In Fight Against COVID-19
At today's briefing, President Trump highlightedthat he hadformally invoked the Defense Production Act
on Friday, which will activate the private sector to help assist in response to coronavirus by expanding the production of masks, ventilators, and protective gear. This action streamlines the ability for countless private sector companies tostartproducingmedical equipment that health care professionals need to treat patients infected with the virus.Department of Housing and Urban Development SuspendingEvictions andForeclosures:
Secretary of Housing and Urban Development (HUD), Ben Carson, reiterated the decision made this week tosuspend evictions and foreclosures through April as Americans grapple with the fallout of the coronavirus.The moratorium will apply only to homeownerswith mortgages insured by the Federal Housing Administration
, a HUD agency that backs affordable home loans issued through private firms.The Federal Housing Finance Agency (FHFA) also announced Wednesday that it would suspendforeclosures and evictions
for homeowners with mortgages backed by Fannie Mae or Freddie Mac.
Please follow this newsletter andthe coronavirus page on my website
for continued updates about COVID-19 and how government is responding to protect both the country's health and our economic security.