COVID-19 News

UW-Superior SBDC offers resources and guidance

Visit the Wisconsin SBDC website for the most up to date information and resources regarding the COVID-19 pandemic: wisconsinsbdc.org/services/covid-19/
 
I received my Paycheck Protection Program loan. Now what? 

What should small businesses do once they receive their Paycheck Protection Program loan? This article provides great recommendations on using the funding.
  • Set up a good audit trail
  • Watch the calendar
  • Limit spending on non-payroll costs
  • Don’t overpay wages
  • Hire back employees
  • Restore pay cuts
  • Don’t forget FICA deferrals

 
Statewide COVID-19 Business Impact Survey Results
 
Thirty-five percent of Wisconsin businesses responding to a recent statewide survey reported they will be forced to close if current conditions persist for more than three months amid the COVID-19 pandemic.
The survey was conducted by Visions Northwest and the eight other regional organizations in the state along with the Wisconsin Economic Development Corp. and UW-Oshkosh to assess COVID-19 business recovery ability and state and federal aid effort. It yielded nearly 2,550 responses from companies in 63 of the state’s 72 counties, covering the period April 1-10.

CCRS has released an interactive dashboard detailing survey responses along with advice and insights from University faculty at http://uwosh.edu/ccrs/covid-19-survey.
 
Badger Bounce Back Plan
 
The Badger Bounce Back Plan was announced by Governor Evers on Monday, which outlines what elements need to be in place in order for businesses to reopen. Reopening will take place in phases, in close collaboration with the Wisconsin Economic Development Corporation.
 

Joint guide from Gov. Tony Evers and WEDC for businesses and employees (full plan)
 
Pandemic Unemployment Assistance Program (PUA) - a new program for self-employed, independent contractors, those with limited work history, and others not covered by regular UI.

Claimants should go to https://dwd.wisconsin.gov/uiben/pua/ to learn about PUA.

To qualify, individuals must be fully or partially unemployed for one of the following COVID-19 reasons:
  1. The individual has been diagnosed with COVID-19 or is experiencing symptoms of COVID-19 and is seeking a medical diagnosis.
  2. A member of the individual’s household has been diagnosed with COVID-19.
  3. The individual is providing care for a family member or a member of the individual’s household who has been diagnosed with COVID-19.
  4. A child or other person in the household for which the individual has primary caregiving responsibility is unable to attend school or another facility that is closed as a direct result of the COVID-19 public health emergency and such school or facility care is required for the individual to work.
  5. The individual is unable to reach the place of employment because of a quarantine imposed as a direct result of the COVID-19 public health emergency.
  6. The individual is unable to reach the place of employment because the individual has been advised by a health care provider to self-quarantine due to concerns related to COVID-19.
  7. The individual was scheduled to commence employment and does not have a job or is unable to reach the job as a direct result of the COVID-19 public health emergency.
  8. The individual has become the breadwinner or major support for a household because the head of the household has died as a direct result of COVID-19.
  9. The individual quit their job as a direct result of COVID-19.
  10. The individual’s place of employment is closed as a direct result of the COVID-19 public health emergency.

Federal Pandemic Unemployment Compensation (FPUC) - 100% federally funded program that provides a $600 weekly supplement to unemployment compensation.

FPUC provides an additional payment to individuals who are collecting benefits from ANY of the following programs:

More information on FPUC available at https://dwd.wisconsin.gov/uiben/fpuc/


Sample Theme Colors