GCBA PRESS RELEASE Tuesday, March 31, 2020, 2:30 pm
Grand County is committed to assisting local businesses to navigate COVID-19 related closures and economic impacts. Partners include all Grand County Economic Development, Grand County Colorado Tourism Board, all Town Municipalities and Chambers of Commerce in Winter Park & Fraser, Granby, Grand Lake, Hot Sulphur Springs, Kremmling.
The Business Emergency Response Team (BERT). BERT will be providing coordinated and comprehensive information and updates to community businesses. In addition, the Work in Grand website, currently being updated, will serve as the central repository for business information.
For more details please visit https://www.workingrand.com/
After extensive negotiations, Congress has passed and President Trump has signed into law a historic stimulus package designed to help small businesses, distressed companies and employees affected by the COVID-19 pandemic.
Details of the Coronavirus Aid, Relief and Economic Security (CARES) Act include:
For small businesses (those with less than 500 employees), 501(c)3’s, independent contractors and sole proprietors:
Payroll Protection Program offering loans equal to two and half months of payroll, up to $10 million
Provided businesses use these loans to retain employees, they will convert to grants and may also be used to rehire staff
Businesses operating on or before February 15, 2020 may receive loans without a personal guarantee or collateral and will be able to apply via local and national lenders
Unemployment insurance may be extended by 13 weeks
Unemployment benefits may increase up to $600 per week for up to four months
Stimulus checks of approximate $1,200 to each taxpayer, plus $500 per child under age 16 (final payment amounts are dependent upon income)
A refundable payroll tax credit for 50% of wages paid by employers to employees during the COVID-19 crisis
Temporary increases to the amount of interest expense businesses are allowed to deduct on their tax returns up to 50% of taxable income for 2019 and 2020.
Allowances for employers and self-employed individuals to defer payments of the employer share of the Social Security tax.
GCBA PRESS RELEASE Thursday, March 26, 2020 10:00 am
Our thoughts go out to everyone as we travel through uncharted waters. We are experiencing some crazy, unprecedented times together and as the perennial optimist I will continue to look for positives in today’s reality.
- I am at home with my entire family and all of us are healthy.
- A forced slower pace – might give us the opportunity to take care of some of those “rainy day” projects.
- Grocery stores seem to be re-stocking toilet paper at a reasonable pace.
- We are blessed to live in an area with lots of open space that allows us to get outside for fresh air and exercise while still practicing social distancing.
- Technology gives us the ability to adapt our interactions and communicate with those around us.
- This too shall pass and we will look back on these times with a different perspective as to what really matters.
Yesterday, the state of Colorado has issued a statewide stay-at-home order for all non-essential businesses that became effective at 6am today and continues through midnight on April 11th (copy of the PHO attached). As of today, construction is still classified as a “Critical Business” so allowed to continue to operate with necessary modifications to ensure proper physical distancing along with other safe practices. While this is good news in that it offers our industry the flexibility to continue working and the opportunity to maintain our income stream, we need to be very diligent in providing for a safe workplace environment. In addition to the minimum 6’ physical separation requirement, extra efforts will need to be put in place to ensure the cleanliness of surfaces and adequate PPE’s are available for workers. There is scientific evidence that the virus can be transmitted through the air and may remain active on various surfaces for an extended period of time. https://www.sciencedaily.com/releases/2020/03/200320192755.htm Because of this, we feel it is important to stress that the decision as to whether to continue to work on projects be left up to individual companies, their management team and employees. Keep in mind that the information we are receiving is being updated constantly so our recommendations and official mandates may be adjusted in the days ahead.
We also ask that everyone take this seriously and follow recommended guidelines while off the clock as well. If you are not feeling well, stay home! While the opportunity for folks to continue to maintain their livelihood is a positive thing, this advice should not be interpreted as a mandate for anyone to be on the job. If you are not comfortable being in public settings, by all means don’t do it!
Please share this information with everyone in your organization and don’t hesitate to contact any of us if you have any questions.
2020 GCBA President
GCBA 2020Scholarship Fund:
It is the privilege of the GCBA to offer scholarship assistance to the 2020 graduates of Middle Park & West Grand High Schools. These funds will be divide between 2 to 4 qualified applicants. The scholarship will be awarded to students from either of the two Grand County High Schools.
The scholarships are for any student pursuing education in the following fields, (but not limited to) construction management, architectural degrees, interior design, vocational and technical trade schools (in the construction field). In addition, to any student who is looking to jump start their career, we are offering this scholarship to go towards a local trades apprenticeship and or tools.
We are seeking matching funds for this scholarship to be successful. If you would like to donate please call us at (970)726-8657. Thank you for your support!
Grand County Builders Association: Top Reasons to Join
GCBA is a nonprofit organization consisting of Builders & Associate Members who do business in Grand & Routt County. We are an advocate for the building industry. Benefits of our association:
- Education & professional development
- Community engagement
- Networking Opportunities
- Building department & government relations
- Build valuable relationships
- Cash in on discount programs through CAHB & NAHB
- Give Bank - and feel good about doing it
- Become an industry leader