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May 29, 2020

Inter-local agreement between Lawrence County and Lawrenceburg passes


LAWRENCEBURG, Tenn.
– The inter-local agreement between Lawrence County and the City of Lawrenceburg regarding the Southern Tennessee Higher Education Center (STHEC) was passed this week by both the county commission and the city council. The agreement gives equal ownership and management responsibility of STHEC to both the County and the City.

“Putting the pieces of an agreement like this together can be tedious and frustrating,” said Lawrenceburg Mayor Blake Lay. “The City Council and I want to thank everyone at the County and the City for their commitment and hard work on getting this agreement finalized and making the process as seamless as possible.”

The inter-local agreement outlines how the County and City will manage STHEC together and protects the County’s investment of $4 million and the City’s investment of $8.2 million.

Construction began on STHEC on November 1, 2018, and the college is projected to be completed this fall.

Find more information at www.lawrenceburgtn.gov or on Facebook@CityofLawrenceburgTN.

May 14, 2020

Lawrenceburg and Lawrence County one vote away from inter-local agreement 

LAWRENCEBURG, Tenn. – After working together on an inter-local agreement outlining the specifics of managing the Southern Tennessee Higher Education Center (STHEC), the City of Lawrenceburg and Lawrence County are one vote away from making the agreement final. Lawrence County’s facilities and budget committees both passed the inter-local agreement with only one ‘no’ vote. Next week the full County Commission will meet in regular session and cast their votes to put the agreement into place, moving STHEC a huge step forward by giving the City and the County equal ownership.

Southern Tennessee Higher Education Center

With the City’s $8.2 million investment and the County’s $4 million, the inter-local agreement protects both investments. “This community has put its heart and soul into building the Southern Tennessee Higher Education Center, and the City Council and I are proud to work and serve with people who put the needs of our citizens first and invest in their future,” said Mayor Blake Lay. “This college will open doors of opportunity for not only the citizens of Lawrence County but also for the residents in all of southern Middle Tennessee by providing access to a four-year college education. Lives will be changed for the better tomorrow because of our investment today.”

Construction began on STHEC on November 1, 2018, and the college is projected to be completed this fall.

Find more information at www.lawrenceburgtn.gov or on Facebook@CityofLawrenceburgTN.

Do you have questions about the 2020 Stimulus Package for COVID-19 and/or questions about the virus in general?  

You’re not alone, so we have provided a list of resources to help you, our small businesses and our citizens, get the answers you need--from understanding the 2020 Stimulus Act and applying for the loans and grants available to you getting to up-to-date information from the Tennessee Department of Health. Please call us if you have questions or need more information.

Resources for Business

The Small Business Owner’s Guide to the CARES Act


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. When implemented, there will be many new resources available for small businesses, as well as certain non- profits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.

The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just apssed by Congress are intended to assest business owners with whatever needs they have right now.  When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers.  This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of the SBA. 

Click Here for more info

COVID-19 Unemployment for Employers 

If your business is reducing hours or closing due to COVID-19 you may expedite the unemployment claim process for your employees by submitting as Employer-Filed Mass Claim. 

Click Here for more info

For Manufacturers

COVID-19 Best Practices and How Coronavirus is Affecting Manufacturers - NAM

SBA Disaster Loan


The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). 

SBA-disaster-loans-coronavirus

Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available statewide to small businesses and private, nonprofit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19). This will apply to current and future disaster assistance declarations related to Coronavirus.

The SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.

The SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay. The SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible. For questions, please contact the SBA disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov

LINK TO APPLY FOR SBA DISASTER LOANS: Disaster Application

FACT SHEET ON CORONAVIRUS DISASTER LOANS: Disaster Declaration 

Guide to SBA’s Economic Injury Disaster Loan (Link)

Guide to the Employee Retention Tax Credit (Link)

Payroll Protection Program FAQs

The Payroll Protection Program (PPP) provides small business loans of up to $10 million to cover payroll and certain other expenses, or 2.5 times your total payroll expenses for the loan period.  The program includes loan forgiveness covering costs for the first 8 weeks of the loan for companeis able to keep employees on the payroll or continue paying bills through the coronavirus crisis.  The amount of loan forgiveness will include payroll costs for individuals below $100,000 in annual income, mortgage and rent obligations, including interest and utility payments.  The total amount will be reduced if your workforce is drawn down through attrition or if wages are reduced.  If you are forced to lay off employees because of economic conditions, you may be able to preserve some of your loan guarantee by hiring them back.

You can apply for the PPP at any lending institution that is approved to participate in the program through the existing U.S. Small Business Administration (SBA) 7(a) lending program and additional lenders approved by the Department of Treasury.  This could be the bank you already use, or a nearby bank.

CLICK HERE for a listing of FAQs from the U.S. Senate Committee on Small Business & Entrepreneurship.

CLICK HERE for the Payroll Protection Guide & Checklist 

SBA Virtual Office Hours: Daily AFTERNOON Conference Calls

The SBA Tennessee District Office will host virtual office hours to provide the latest information on how the SBA is helping small businesses with their economic recovery.  Each call will address disaster loan criteria, where to apply, how to apply, and will answer questions on any issues with the application process.  The daily AFTERNOON call is for those solely impacted by Coronavirus COVID-19 at 3pm CENTRAL/4pm EASTERN.  Only small businesses and private nonprofits are eligible for SBA disaster loan assistance.  Participants may call at any time and are welcome to enter and exit at will.  Callers will be muted upon entry and will be taken in the order they are received.

DAILY AFTERNOON CALL-IN INFORMATION:
JOIN ONLINE: Click Here
Telephone: 1-415-655-0003
Access Code: 614 098 543

The Tennessee Department of Economic & Community Development has created a dashboard with the most up-to-date resources from the State of Tennessee to employers and employees.

Tennessee Small Business Development Center at MTSU

The TBSDC at MTSU is here to help small businesses through this unpresented time.  The TSBDC consultants are capable of consulting with distressed businesses to guide them through restructuring their operations to remain viable in the ever-changing economic landscape. If you are in need of their skills, please  reach out to them directly to facilitate the engagement by clicking here. They exist to support you. 

PPP lender finder: https://www.sba.gov/paycheckprotection/find?address=37130&pageNumber=1

If you have members who are lenders and are participating in the Paycheck Protection Program (PPP) as a lender and they are not found at the SBA lender tool please have them reach out to us and we will submit their information to the SBA to have them added to the site.

TSBDC COVID 19 Resource page: https://www.tsbdc.org/coronavirus/

Tennessee Department of Economic & Community Development

The Tennessee Department of Economic & Community Development has created a dashboard with the most up-to-date resources from the State of Tennessee to employers and employees.

U.S. Chamber of Commerce

Combating the Coronavirus - Resources I Response I Impact Coronavirus Emergency Loans - Small Business Guide & Checklist
Corporate Aid Tracker

COVID-19 Unemployment for Employees

The Tennessee Department of Labor & Workforce Development has compiled and is updating a list of frequently asked questions (FAQs) relating to unemployment assistance.  The Chamber has found this resource to be most helpful in fielding questions about unemployment eligibility, timelines, and questions about filing for unemployment. To note, once the Department determines how the state will obtain federal funding and implement the changes, they will announce details for independent contractors, the self-employed, and business owners who will soon be eligible for Pandemic Unemployment Assistance.  

Click here to access the FAQs and to find more information from the Tennessee Department of Labor & Workforce Development.

Click here to access the OFFICIAL PANDEMIC UNEMPLOYMENT ASSISTANCE FLYER.


Tennessee Talent Exchange

The Tennessee Department of Labor and Workforce Development is working closely with the Tennessee Grocers and Convenience Store Association, Tennessee Retail Association, and Hospitality TN to try and match out-of-work Tennesseans with industries who need employees to fill current job openings. Many grocers and retail employers in areas across the state are actively hiring and need to fill positions immediately. This effort will quickly connect job-seekers to employers who need new workers right now.

If you would like to be considered for an immediate position, please complete the requested information here.

Your contact information will be shared with employers in your specific area who have immediate hiring needs