COVID-19 has brought dramatic changes to our community in a very short time. Rowan County Tourism, Rowan EDC and the Rowan County Chamber of Commerce have come together in hopes to provide guidance and resources for our workforce and employers throughout Rowan County to respond to the challenges of COVID-19. Rowan County has declared a State of Emergency in order to open up additional funding opportunities. We've begun to compile a list of programs and resources and will continue to update the list with additional resources as they become available. For the most up to date information on business resources, please visit our website.

Below are resources and guidelines for businesses in Rowan County as of March 23, 2020 at 12:08 p.m.

 

Funding Resources for Businesses:

 

Financial Assistance Options in the Works:

  • Federal assistance for tourism-related businesses - As Americans cancel travel plans and avoid stores and restaurants because of the coronavirus, the Trump administration has been pitching a stimulus package of potentially $1 trillion or more that involves aid for hard-hit sectors such as the airline industry and hotel industry. 

  • Facebook Small Business Grants Program - Facebook is offering $100 million in cash grants and ad credits for up to 30,000 eligible small businesses in more than 30 countries where it operates. Facebook will share more details as they become available.

 

General Resources and Information for Businesses:

 

Federal Update: 

Restaurants:

As of today, about half of the states have bans on inside dining, including NC as of 5pm, Tuesday, March 17.

Congress continues its work on several phases of a relief package related to COVID-19. Phase 1, which was focused on health, provided money to CDC and state health departments passed into law the week of March 9th. 

A second COVID-19 federal relief bill was signed into law that provides paid sick leave, unemployment help, food assistance and free testing to Americans. The legislation provides 14 days of paid sick days to workers affected by the coronavirus, ensures free testing to everyone, including the uninsured, and expands food aid and boosts unemployment dollars to states.

Phase 3 is a separate effort focusing on business relief and economic stimulus. Secretary of the Treasury, Steve Mnuchin announced that the IRS will extend the April 15 tax payment deadline by 3 months and waive all interest and penalties. Secretary Mnuchin and the US Senate are collaborating on the bill which is expected to include direct payments to American citizens. As for business relief, industry leaders are advocating for three main priorities: Direct assistance grants, Short-mid-term access to capital and Tax relief.

 

Lodging:

The American Hotel Lodging Association and the US Travel Industry are advocating for access to capital and other solutions. Leading hotel CEOs met March 17, 2020 with the White House to discuss urgent economic recovery solutions needed to protect millions of U.S. hotel employees and 33,000 small businesses.  

Top hotel industry leaders laid out several immediate actions the White House and Congress could take to help the hotel industry protect jobs and help small business operators. The group focused on two critical goals - retaining and rehiring employees and keeping hotels from shutting down through access to liquidity and low interest loans, including for small businesses. 

Hotel CEOs who participated in the roundtable discussion today at the White House were hopeful that President Trump and Members of Congress will work together urgently to provide relief and ensure the industry is positioned to rebound from the unprecedented impact from the Coronavirus pandemic.

 

For additional information, or for information specific to workers, please visit our Worker & Business Resources page