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Greater Louisville Inc. The Metro Chamber of Commerce 2019 Chamber of the Year
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Media Center

April 16, 2020 4:40pm

Kentucky Announces Healthcare Partnership, First Task Force Meeting, Funding Alternatives & More Updates

Dear Friends,

GLI’s COVID-19 Renewal Task Force convened for the first time today and I am excited to announce that Kerry Stemler of K.M. Stemler Co., Inc. has agreed to chair the initiative. I’ve been asked a few times why this initiative is called the “Renewal” Task Force. The term “renewal” means “to make new, fresh, or strong again,” and that is exactly the reason for its name. We will emerge from this stronger and more united than before. We will be renewed. The meeting today focused on short-term relief efforts such as testing capacity, PPE acquisition, and financial relief. The group will provide guidance on business response efforts to COVID-19 and I will continue to keep you updated on its progress through these emails.

Some of our speakers today included leaders who facilitated a groundbreaking initiative with the Commonwealth of Kentucky. Kentucky, in collaboration with the University of Louisville Christina Lee Brown Envirome Institute and the Louisville Healthcare CEO Council has developed a partnership with three large hospital systems – Baptist HealthNorton Healthcare and University of Louisville Health – that will help healthcare workers understand whether they were unknowingly exposed to COVID-19, determine how much immunity was generated by such exposure, and identify those with the best immune responses as donors of high quality plasma for rescue treatment of patients with advanced COVID-19. In addition, data collected will be informative as scientists worldwide work to determine whether quantitative antibody measurements that can be used to predict immunity in the overall workforce.

Because we know that testing is a critical need right now, UPS and Gravity Diagnostics have also joined the Commonwealth of Kentucky and Kroger to provide drive-thru testing with a 48-hour turnaround test time. This partnership is a key step in the state’s effort to flatten the curve and reduce the overall spread of COVID-19

WE NEED YOUR HELP

  • GLI is partnering with the Federal Reserve Bank of St. Louis to conduct a confidential survey of business leaders for businesses with 50-500 employees in the seven-state region of the Eighth Federal Reserve District. The survey will directly assist monetary policymakers and regional leaders in making decisions that impact the employment and financial situations of businesses in our region. The survey does not require a firm name, and individual responses will be accessible only by a few economists at the Federal Reserve. The aggregate results will be analyzed and complied into a report for the public. If you have questions regarding this survey, please contact Charles Gascon, Regional Economist at the St. Louis Fed or Deana Epperly Karem at GLI.

FUNDING ALTERNATIVES

Now that the original funds of PPP and EIDL have been exhausted, businesses are looking for funding alternatives until another package is approved. Here are some options that we have come across:

  • GLI, Louisville ForwardRender Capital and LHOME have announced a Small Business Continuity Loan Program. Small businesses with 10 or fewer employees that can show an emergency connected to COVID-19, located in Jefferson County in good standing with the Louisville Metro Revenue Commission are eligible. In this time of need, we would like to show solidarity in support for our business community. As such, we are issuing a challenge to the business community for each business to give $1,000.  If we can all give a little, we can make an enormous impact. Will your company help? If you would like to donate, please click here.
  • Facebook is offering $100 million in cash grants and advertising credits for up to 30,000 eligible small businesses. Eligible businesses interested in applying must be for-profit, have 2-50 employees, have been in business for at least a year, have experienced changes related to COVID-19 and be in or near a location where Facebook operates.
  • The Omidyar Network COVID-19 Economic Response Advocacy Fund plans to infuse 501(c)(4) funding into national, state, and local advocacy and organizing efforts aimed at passing economic stimulus to address the immediate toll of the COVID-19 pandemic on working people while reshaping our economic structure to ensure they are less vulnerable in the future. Omidyar Network will award $1.5 million to groups working to realign this nation’s economic policies and systems so that they work better for everyone. The majority of the grants from the Fund will be for $75,000 or less.
  • The Emergency Relief Program provides emergency funding to restaurant and bar owners and employees, as well as restaurant supplier employees, who are facing unforeseen expenses that cannot or will not be covered by insurance.
  • The Save Small Business Fund is a grantmaking initiative funded by contributions from corporate and philanthropic partners. It is providing $5,000 in short-term relief to employers across the United States. These one-time supplemental cash grants are for businesses that have between 3 and 20 employees and operate in an economically vulnerable community. The grant application will go live on Monday, April 20 at 12:00 PM PT/3:00 PM ET.

UPCOMING GLI EVENTS

GLI COVID-19 Help: Best Practices for Remote Workers
Thursday, April 23 ● 2:30 p.m. – 3:30 p.m.
The world we are living in has changed significantly over the past few weeks and many of our everyday activities have gone virtual. In these trying times and changing environment, it is important to stay up to date with best practices for living and working in the virtual world and now that we are settling into this “new normal”, how can we continue to make progress. Join GLI and Trey Mayer of HMB Inc. as we dive into the world of remote work. In this virtual event, you will learn tips and tricks to help you be successful working from home. We will focus on meeting etiquette, communication, evolving habits, and mental health.
REGISTER

GLI COVID-19 Help: Stock Market Outlook & Economist Overview with Baird
Tuesday, April 28 ● 9:30 a.m. – 10:30 a.m.
Join GLI and Top Investor, Baird, for an insightful economic outlook with Chief Investment Strategist, Bruce Bittles. A frequent guest analyst on CNBC, Bruce will provide a “common sense” perspective on the outlook for the economy and the markets. As a stock market analysis to Baird’s retail, institutional and corporate clients, Bruce will share his extensive background and knowledge of the markets and what both businesses and individuals be considering during this unprecedented time.
REGISTER

UPCOMING PARTNER EVENTS

GLI COVID-19 Help: Coaching Through Crisis
Friday, April 17 ● 1:00 p.m. – 2:00 p.m.
Join the Oliver Group for a detailed exploration of the practice of coaching, the outcomes it can deliver and learning how we can help one another de-escalate and move from stress-induced reactions and potential conflict to proactive problem solving.
REGISTER

GLI COVID-19 Help: Certification: Why It Is More Important Than Ever
Tuesday, April 21 ● 10:00 a.m. – 11:00 a.m.
Join the U.S. Small Business Administration to learn about the history of
certification, the application process and finally, hear a candid discussion about the true benefits certification offers. Panelists include Verna Goatley from Louisville Metro; Derrick Dowell, Vice President of TriState Minority Supplier Diversity Council (TSMSDC); Charlotte D. Harris, Vice President of Operations and Engagement, Women’s Business Enterprise Council Ohio River Valley (WBEC ORV); and Paula Weglarz, Program Investigative Officer, the Kentucky Finance and Administrative Cabinet.
REGISTER

GLI COVID-19 Help: Moving Forward: Your Business After COVID-19
Tuesday, April 28 ● 10:00 a.m. – 11:30 a.m.
Join the U.S. Small Business Administration and Human Resource expert Beverly Clemons, President & Owner of CMI Consulting and learn what you can do to stay in compliance with the Department of Labor, and gain insight into how to communicating with your employees, clients and vendors now can really affect your business in the future.
REGISTER
Other Updates:

  • Workers’ compensation benefits are expanded for front-line workers during the COVID-19 crisis. Learn more here.
  • The Louisville Future of Work Initiative, powered by Microsoft, is offering free virtual classes in data analytics, digital marketing, software engineering and user experience design. You can also take your time in quarantine to participate in a 30 Day Upskilling Challenge where you can earn credits that get your registered for a chance to win a new laptop. Learn more here.
  • As we approach what would have been the kickoff before Thunder Over Louisville this weekend, the Ken-Ducky Derby has confirmed their new date – August 29, 2020. Be sure to mark your calendars and if you’d like to go ahead and get your duck today, you can do that here.
  • Up to one-third of U.S. jobs may be vulnerable in the COVID-19 pandemic, more than 80% of which are held by low income workers. Learn how the near-term impact on our economy has been assessed here.
  • Forecastle announced that they have cancelled Forecastle Festival 2020. Tickets will be automatically refunded at point of purchase and purchasers will receive an email with details on timing and processing.
  • We understand that our local retailers are suffering from the mandated social distancing and closures that have been implemented since the onset of COVID-19. These small businesses are a key component of our economy, and the heartbeat of our community. Trumando is a curated consignment retail site that provides full-service sales support for brick and mortar stores.
  • Do you wonder how our offices will look different after COVID-19? See what the Six Feet Office could look like.
GLI is collecting the questions we’ve been asked about how COVID-19 impacts your business. To see those responses, click here. If you have a question that you would like answered, submit that below.
SUBMIT A QUESTION
We will continue to work diligently to present the best, most informative information to you on a regular basis.

Stay safe & healthy,
Sarah Davasher-Wisdom