Updated: 4.3.2020 at 3 p.m.
The Chatham EDC, with support from partners at the Chatham Chamber of Commerce and Chamber for a Greater Chapel Hill-Carrboro, is compiling resources and advice for businesses amid the Coronavirus (COVID-19) outbreak. This page will be updated as resources become available.
Access to Capital
In addition to your traditional sources of capital, these resources may be of interest:
- The Small Business Administration (SBA) has streamlined its Economic Injury Disaster Loan application. All business entities are eligible.
- 10 Commonly Asked Coronavirus Small Business Loan Questions from the US Chamber
- The U.S. Treasury announced guidance for the Paycheck Protection Program, which was authorized through the CARES Act.
- Golden LEAF Foundation and the NC Rural Center have introduced a loan program called NC COVID-19 Rapid Recovery Loans to provide businesses with the capital they need.
- Communication is key: talk with your landlord (or tenants) and lenders about expectations and flexibility.
Preparing for every scenario will ease transitions.
- Practice good hygiene to keep customers and employees comfortable.
- Prepare for disruption of services, including scenarios with mandated closure. What does 60% operation look like? 20% staffing? Temporarily closing?
- The Foundation for Manufacturing Excellence has COVID-19 resources for small and medium manufacturers.
- Prepare your supply chain. Register on Manufactured NC to localize your supply chain.
- EDPNC has guidance for manufacturers who can pivot to making critical medical equipment and supplies.
- Check your insurance to understand coverage.
- Staffing: Continue to refine your contingency plans for varying levels of customers, revenue and staff availability. Check, modify, and communicate HR policies regarding remote working, sick-leave, and compensation during health crisis.
- Cross-train employees for key functions so that daily schedules can continue relatively uninterrupted by potential employee absences. Where relevant, consider staggering start and end times to reduce large numbers of people coming together at the same time. Create and test remote employee collaboration systems.
- Reduction of Workforce: NCWorks.gov can assist businesses with closing, layoffs and layoff aversions and provide information for employees on how to file for unemployment insurance and apply for job opportunities.
- Contact information: Malinda Marsh, Manager, NCWorks Chatham County, 984-484-8496, 919-545-8058, 919-214-2902 (mobile) or email@example.com.
- Due to COVID-19, there are changes in North Carolina unemployment insurance program.
- OSHA: Guidance on Preparing Workplaces for an Influenza Pandemic
- The North Carolina Restaurant and Lodging Association: Resources for the hospitality industry
- The Economic Development Partnership of North Carolina: Business relief resources
How You Can Help
- Care for your community:
- Chatham Magazine has a list of local restaurants providing curbside and to-go service.
- Chatham Arts has created CARE – Chatham Artist Relief Effort – to support local artists.
- Buy gift cards/certificates.
- Buy merchandise online.
- Order takeout.
- Tip well if you can.
- Cancel reservations if you can’t go.
- Consider donating to local food assistance programs.
- Care for yourself:
- Eat well, sleep, and exercise.
- Wash your hands.
- Don’t touch your face, or anyone else.
North Carolina Executive Orders
- Executive Order 121, effective March 30, is a stay at home order that limits public gatherings and certain business operations.
- Executive Order 120, effective March 25, orders select businesses closed.
- Executive Order 118, effective March 17, limits the operations of bars and restaurants.
- All Executive Orders and details are on the Governor’s website.
Monitor the situation and availability of public services through official sources.