[OMS_MANAGERS] FW: Cares Act Update

[HENRY Katie * OPRD]

Hi All,

Below is a CARES Act update from Travel Oregon regarding the Payroll Protection Program and the Economic Injury Disaster Loans.

Hang in there.

Also, Happy Birthday to Sheri! 😊

Katie

Katie Henry
Heritage Outreach Specialist
Oregon Heritage
Oregon Main Street
Oregon State Historic Preservation Office
(503) 986-0671
725 Summer St NE, Ste C - Salem, OR 97301
www.oregonheritage.org<http://www.oregonheritage.org/>
www.oregonmainstreet.org
www.facebook.com/OregonHeritage<http://www.facebook.com/OregonHeritage>
Oregon Heritage Exchange Blog<https://oregonheritage.wordpress.com/>
weekly Heritage News Listserv<http://listsmart.osl.state.or.us/mailman/listinfo/Heritage>


Hi Everyone,

Travel Oregon was on a call with US Travel late this morning and was provided an update on federal CAREs Act programs for small businesses.

US Travel confirmed that the Payroll Protection Program<https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp> (PPP) opened today (April 3) through the US Small Business Administration (SBA) and that funding for the program was capped at $349B nationally. They advised that if businesses want to participate in the program, that they fill out the paper work as soon as possible and work with approved lenders to ensure their loan application is processed.

Travel Oregon also learned that Economic Disaster Injury Loans<https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance> should be utilized as well as it is possible to apply for these funds directly through SBA (it is not necessary to go to a SBA lending bank like the PPP). Businesses are able to participate in both the EDIL and PPP*. Make sure to do your research online to determine which program is best for your business or if you should participate in both programs.

*501c6 businesses are NOT currently eligible for PPP. US Travel is aware of this challenge and is talking to federal leadership about this.

Business Oregon has also launched a Small Business Resource Navigator webtool to help businesses access information. Find that tool here<https://www.oregon4biz.com/Coronavirus-Information/>.

Please let me know if you have any questions. Yours in partnership.


Lisa Itel | Director, Global Strategic Partnerships

Travel Oregon/Oregon Tourism Commission
530 Center Street NE, Suite 200 | Salem, OR 97301
D: 503.967.1564 | O: 971.717.6205
Email: lisai at TravelOregon.com<mailto:lisai at TravelOregon.com>
TravelOregon.com<http://traveloregon.com/> | Industry.TravelOregon.com<http://www.industry.traveloregon.com/>
[signature_1742549402]<https://industry.traveloregon.com/opportunities/marketing-co-ops-toolkits/toolkits/covid-19-toolkit/>

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