|On a positive note, our local companies are stepping up efforts to help those who are most affected from COVID-19:
- Humana announced the development of an emergency relief fund and a pledge of $100,000 for a community-wide coalition called One Louisville. This fund was established by Bruce Broussard, Mayor Fischer, and Matthew Barzun to provide assistance to individuals, families, small businesses and nonprofit organizations who are the frontline service providers to those in need. Metro Government will hold a press conference today at 4:00pm to provide more details on the fund and how businesses and individuals can support it and our community. Until then, you can read the latest information on One Louisville here.
- The Omni Hotel has donated all of its perishable food to the Lee Initiative, a nonprofit started by Chef Edward Lee that focused on ways to give back to the local restaurant community. The Lee Initiative is currently collecting food for displaced restaurant workers.
- The Humana Foundation announced a $500,000 donation in support of Coronavirus pandemic relief and recovery efforts. To address immediate needs, $450,000 will be directed to Feeding America’s COVID-19 response fund, and $50,000 will be directed to a partnership with the Community Foundation of Louisville and Norton Healthcare Foundation to help reduce virus spread and treat those affected in Greater Louisville.
In more news, additional resources are popping up every day to help keep our community stay informed:
- Stay informed of the latest number of confirmed COVID-19 cases in Kentucky and Indiana. Effective today at 5:00 p.m., Kentucky has been ordered to close entertainment, hospitality and recreational facilities, community and recreation centers, gyms, hair salons, nail salons, spas, concert venues, and sporting event facilities.
- Metro Government has also announced changes to operations and facilities in response to COVID-19.
- Upon recommendation by the Kentucky Secretary of State Michael Adams, Governor Andy Beshear has moved Kentucky’s primary election to June 23rd.
- Yesterday, the Governor dedicated the first portion of his daily press conference to include a child-friendly presentation. You can watch that here. For daily KY COVID-19 updates, you can stream on the Governor’s YouTube Page or Facebook Page.
- The Governor also announced changes to KY unemployment insurance rules in response to COVID-19. For more information, please visit Kentucky Career Center.
- Indiana unemployment insurance information is available through DWD Indiana.
- KY Small Business Relief- Kentucky has requested an Economic Injury Disaster Loan declaration and awaits for approval from the Small Business Administration (SBA). Once processed and approved, small businesses and private, non-profit organizations can apply for up to $2 million in assistance to help alleviate economic losses as a result of COVID-19. For more information, please visit SBA.gov/disaster or contact the SBA disaster assistance customer service center at 1-800-659-2955 or email at firstname.lastname@example.org. Additional small business support is available through Kentucky Small Business Development Center.
- For Hoosier small businesses, the Indiana Small Business Development Center is collecting small business economic impact data from every county so that Governor Eric Holcomb can declare an economic injury disaster. For those businesses impacted or anticipating impact by COVID-19, please fill out this form. Information given will only be used to assist in this process and identifying areas of greatest need. For more information, please visit https://isbdc.org/.
- To review some general information on SBA relief for businesses impacted by COVID-19, you can find that here.
- The Trump administration is pushing a massive economic stimulus package, with an overall price tag that could be around $1 trillion, in an effort to thwart the economic free-fall resulting from COVID-19. Discussions between the White House and Congress are ongoing. Here’s what we know so far.
- With the profound impact that COVID-19 is having on our community, emotional concerns may be exacerbated by the uncertainty of overall health and financial implications. The National Alliance on Mental Illness (NAMI) has tips for how you can create a Stigma-Free Workplace.
- If you’re looking for something to do in your downtime, and just can’t watch any more COVID-19 coverage, check out the Louisville Free Public Library’s digital resources. You can download eBooks, eMagazines, audiobooks, streaming music and movies, and online courses 24 hours a day, seven days a week. If you don’t have a Library card, you can complete this form to get one online.
- You can follow a collection of official updates on COVID-19 from the World Health Organization, Centers for Disease Control and more on LinkedIn.
- The Metro United Way has launched a collection of regional resources in response to COVID-19.
Although we are all taking some time to socially distance from one another in an effort to flatten the curve of COVID-19’s impact, life still goes on (albeit slightly differently.) It’s important for us to continue to support one another – physically, emotionally and financially.
Today you can support #carryoutwednesday and place your carryout order from these local investors:
Agave & Rye Tequila and Bourbon Hall ● Anoosh Bistro ● Another Place Sandwich Shop ● Associated Enterprises ● B&B Beverage Management ● BJ’s Steakhouse ● Bombay Grill Indian Cuisine ● Boombozz Pizza & Watch Bar ● Bristol Bar & Grille, Inc. ● Celtic Pig ● City Barbeque ● Con Huevos ● Crescent Hill Craft House ● Crushed Ice Catering ● Culver’s of Louisville-Hurstbourne ● Derby City Waffles, LLC ● Doc Crows Restaurant ● Dragon King’s Daughter ● Druther’s ● Falls City Market ● Farm to Fork Catering and Events ● Gordon Biersch Brewing Company ● Guy Fieri’s Smokehouse ● Highlands Tap Room ● Hometown Pizza, Inc. ● Jack Fry’s ● Joe’s Crab Shack ● Ladyfingers Catering, Inc. ● Levy Restaurants ● Lilly’s Bistro ● Los Aztecas Restaurant ● Luigi’s Pizza ● Masterson’s Catering ● Mayan Café ● Mesh Restaurant ● Michaelis Events ● Morton’s Steakhouse ● Papa John’s International, Inc. ● Penn Station East Coast Subs ● Porch Kitchen & Bar ● Proof on Main ● Raise the Bar Management, LLC ● River House Restaurant and Raw Bar ● Roosters ● Ruth’s Chris Steak House ● Salsarita’s ● Schnitzelbank Catering ● Sports And Social Club ● SUBWAY #2898 ● Tandoori Fusion ● Tavern On Fourth ● Terri Lynn’s Catering by Design, Inc. ● Texas Roadhouse ● The Black Italian ● The Silver Dollar ● Varanese Fusion ● Vincenzo’s Italian Restaurant ● Wiltshire Pantry Bakery and Cafe ● Yum! Brands, Inc.
We asked, and you submitted your questions, so we’ve decided to turn them over to the experts:
Investor Question of the Day: Do the paid medical leave and FMLA requirements apply to companies with less than 50 employees?
The Emergency Family and Medical Leave Expansion Act expands the FMLA to add qualifying reasons for leave related to the coronavirus and to provide partial paid leave for such leave. The Act applies to all employers with fewer than 500 employees. An employee is eligible for coronavirus-FMLA leave if the employee has been employed for at least 30 calendar days by the employer from which the employee is requesting the leave. With respect to the FMLA provisions, the bill allows subsequent regulations to exempt small businesses with fewer than 50 employees when it would jeopardize the viability of the business as a going concern. Jennifer Wheatley, President, HR Affiliates
At GLI, our mission is to provide value for our investors and we want to hear from you. What questions do you have about how your business should prepare or respond during this COVID-19 crisis?