Port Clinton Area Chamber of Commerce

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  • Home
  • Chamber
    • About Us
    • Office Staff
    • Board of Directors
    • Committees
    • Accomplishments
    • Testimonials
    • Sponsorship
    • Mobile App
    • Chamber Store
  • Events
    • Calendar
    • Business >
      • Annual Dinner
      • Business After Hours
      • Job Fair
      • Leadership Conference
      • Lunch-N-Learn
      • Speed Networking
    • Festivals >
      • Walleye Festival
      • Riverfront Live
      • Rock the Light
    • Holiday >
      • Trick or Treat
      • Community Christmas
    • Community Fun >
      • Sunset Cruise
      • Car Show
      • Meals On Madison
      • Golf Outing
      • One Mile of Dollar$
    • Photo Gallery
  • News
    • Chamber Blog
    • Member Spotlight
    • Information To Know
    • Newsletters
    • Join Mailing List
  • Community
    • Directory
    • Visitors & Relocation
    • Community Links
  • Local Resources
    • Important Numbers
    • Ottawa County Map
    • Business Location Map
    • Job Postings
    • Organizations
    • Request Response
    • Coupons
    • Gift Certificate Program
  • Contact
  • Membership
    • Join the Chamber
    • Premier Membership
    • Membership System
    • Member Benefits
    • Chamber Resources
    • Member's Area
    • Member Support
  • Sign In
  • Meals On Madison

PC Chamber Blog

Bulletin Board-Leadership Ottawa Co

6/30/2020

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Are you interested in honing your leadership skills? Waking up your "Quarantine Brain"? Check this out!
(LOC Alumni - please share!!!!)
FAQs - bit.ly/2NoXF0P
Application - bit.ly/2Yv8m8f
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Bulletin Board-Anytime Fitness

6/24/2020

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UPDATE on Payroll Protection Plan (PPP)

6/9/2020

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​Both the House of Representatives and the Senate have passed the Payroll Protection Plan (PPP) legislative update. Under the PPP Flexibility Act:
• The original eight-week timeline for businesses to spend their loan money on payroll for it to be forgiven would be increased to 24 weeks.
• A June 30 rehiring deadline would be extended to Dec. 31.

• A requirement that 75 percent of loan money be spent on payroll would be reduced to 60 percent.
• Employers would be given more leeway on loan forgiveness if they can show they were unable to rehire people or reopen to business in a way that complies with safety standards.
• The bill allows businesses that took a PPP loan to also delay payment of their payroll taxes, which was prohibited under the CARES Act.
Please keep in mind that this does not change your PPP loan amount or other restrictions, though it is anticipated that the $100K gross comp cap would now be prorated over 24 weeks (=$46,154).

Now, the two chambers must reconcile some minor differences before the bill heads up to the president for his final signature. So, as usual, there will be more details coming in this area.
Additionally, according to the American Institute of CPAs (AICPA), we expect to get legislation in the second half of the year to allow businesses to deduct expenses related to the PPP loan forgiveness. Nothing has been proposed or introduced yet, however. We will continue to monitor this also.
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Fed Ex Small Business Grants

6/3/2020

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​FedEx is giving $1 million to small businesses
 
Small businesses strengthen the economy and make the world more vibrant, creating jobs, as well as unique products, services and spaces. Communities depend on small businesses, especially in these trying times.
 
Many small businesses are hurting right now. Whether you’re making the move to selling and shipping online or you’re ramping up your safety and cleanliness measures to keep customers and employees safe, you’re putting your all into not just surviving but becoming more creative and resilient than ever.
 
To honor that spirit, FedEx is committing to provide $1 million in grants for small businesses in the U.S. Each grant recipient will receive $5,000, plus a $500 credit from FedEx Office that can be used for printing banners, posters, floor graphics, custom branded boxes, and more.
 
NOACC members can apply starting May 25 at fedex.com/supportsmallgrants. But first, make sure you’re signed up for FedEx discounts through the NOACC Chamber Shipping Program. If you’re not already taking advantage of this free benefit, enroll today.

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    Author

    Nicole Kochensparger
    ​President/CEO

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Port Clinton Area Chamber
110 Madison Street 
Port Clinton, OH 43452

P:  (419) 734-5503
F:  (419) 734-4768
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