The Federal Reserve announced more details on the Main Street Lending Program for small and mid-size businesses, which is due to launch “soon.” Businesses with up to 15,000 employees or up to $5 billion in annual revenue are now eligible for one of the three lending options (determined by loan size, minimum is $500,000) from this program. The four-year loans will carry a rate of LIBOR + 3%. Click here for more information:

https://www.federalreserve.gov/newsevents/pressreleases/monetary20200430a.htm

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On Saturday, April 18, 2020, the PA Department of Health provided clarifications and answers to frequently asked questions (FAQs) regarding its new employee health and safety guidelines for Pennsylvania companies that remain in operation. The full text of these clarifications and FAQs can be found by clicking here:

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The PA Department of Community & Economic Development has created a portal to help companies identify potential suppliers of masks and other protective equipment. The PPE Business-to-Business Portal can be viewed here:

https://dced.pa.gov/pennsylvania-covid-19-ppe-supplies-business-2-business-b2b-interchange-directory/

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Governor Tom Wolf announced today that Dr. Rachel Levine, under her authority as Secretary of the Department of Health to take any disease control measure appropriate to protect the public from the spread of infectious disease, signed an order directing protections for critical workers who are employed at businesses that are authorized to maintain in-person operations during the COVID-19 disaster emergency.

Read More Here: https://www.governor.pa.gov/newsroom/gov-wolf-health-secretary-signs-order-providing-worker-safety-measures-to-combat-covid-19/

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Over the past several weeks, the departments of Community & Economic Development, Health, General Services, and the Pennsylvania Emergency Management Agency have heard from countless manufacturers and other businesses from across the commonwealth about how they can help through their existing means and through new innovative techniques. Many of you have also reached out to share your challenges, supply chain disruptions and workforce issues, which are impeding your ability to produce more of what is most needed to battle COVID-19.

Earlier today, we announced the creation of the Pennsylvania Manufacturing Call to Action Portal, which will help streamline those requests and facilitate the connections you need to overcome your challenges and provide critical supplies to Pennsylvania. It is our goal to connect you directly with a dedicated team of case managers who will thoroughly evaluate your company’s needs, seamlessly connecting you with the appropriate resource or partner organization(s) who will provide additional support.

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