Balancing health and economic prosperity is difficult in the age of COVID-19.
As the disease continues its physical onslaught around the world, the virus’s tentacles have impacted the economy, like no other crisis.
Managing the circumstances related to COVID-19 has divided some citizens and leaders into two camps: Those who want to follow advice from medical professionals and health policymakers who caution against resuming normal life too quickly and those who believe the economy has to be re-engaged now in order to stave off collapse.more»
The Southwest Louisiana Economic Development Alliance and Chamber SWLA endorses Louisiana Association of Business and Industry's (LABI) plan to restart the state's economy in a responsible and safety-oriented manner. LABI worked with executives from the health care, manufacturing, automotive, banking, small business, and engineering industries, among others, and with peer business organizations and associations from around the state to develop this plan.
The executive summary precedes the release of a fuller commentary that is still under review. This summary should be widely shared and reviewed. It includes health and safety considerations, critical considerations for officials and employers prior to reopening, and three components to a gradual process for reopening the economy.
Many local businesses are trying to figure out their short and long-term futures amid COVID-19.
Some are closed temporarily in hopes of weathering the proverbial storm while others are operating with a reduced workforce or hours of operation.
Others are fortunate enough to have services and products needed day-to-day and have adjusted to the current situation.
No matter what the circumstances, the goal of remaining viable now or in the future can be managed by using technology-driven marketing and public relations tools.more»
Now with the CARES Act in effect, the time is now for all businesses to contact their local banks or credit unions to apply for the loans, which will be forgiven if certain conditions are met. While some details are being sorted out, the time to begin the application process is now. We have attached an overview of the loan information as prepared by the US Chamber of Commerce.