U.S. Treasury Secretary Steven T. Mnuchin and SBA Administrator Jovita Carranza issued the following statement on the Paycheck Protection Program:
“The Paycheck Protection Program is providing critical support to millions of small businesses and tens of millions of hardworking Americans.
“We have noted the large number of companies that have appropriately reevaluated their need for PPP loans and promptly repaid loan funds in response to SBA guidance reminding all borrowers of an important certification required to obtain a PPP loan.
To further ensure PPP loans are limited to eligible borrowers, the SBA has decided, in consultation with the Department of the Treasury, that it will review all loans in excess of $2 million, in addition to other loans as appropriate, following the lender’s submission of the borrower’s loan forgiveness application. Regulatory guidance implementing this procedure will be forthcoming.
“We remain fully committed to ensuring that America’s workers and small businesses get the resources they need to get through this challenging time.”
Learn more about #COVID19 relief options for small businesses. https://www.sba.gov/coronavirusrelief
Three ways to stay connected to your SBA regional and district offices:
Use the local assistance tool to find an office near you: https://www.sba.gov/local-assistance
Enter your zip code for email updates: https://www.sba.gov/updates
Follow them on Twitter: https://twitter.com/i/lists/921168680087703552
TAMACC WEEKLY CONFERENCES
Pauline E. Anton is inviting you to a scheduled Zoom meeting.
Topic: TAMACC Check-In
Time: Every week on Wed, until May 27, 2020,
May 6, 2020 03:00 PM • May 13, 2020 03:00 PM • May 20, 2020 03:00 PM • May 27, 2020 03:00 PM
Join Zoom Meeting
Meeting ID: 924 2024 0982 - Password: 011318
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Find your local number: https://zoom.us/u/acmBJJYuRH
Stay safe and healthy, lend a hand when you can, and leave a little for your neighbor. We are all in this together.
Pauline E. Anton - President / CEO
The Del Rio Hispanic Chamber of Commerce (DRHCC) main purpose is to promote the interest of small businesses, including minority and women-owned enterprises, and minority and women professionals and entrepreneurs. None of us could have ever imagined the scenarios we are facing today due to COVID-19. Everyone had to adapt to a temporary new way of life. We have seen progress in business reopening since the issuance of Executive Orders to open Texas for business by Texas Governor Abbott. Our community has come together to overcome many obstacles and we should continue to work together and support our local businesses.
Small businesses key factor for success and profitability is cash flow. That is why it is important for our money to be spent in our local businesses. There are many opportunities for grants, loans and other financial assistance that small businesses can seek. The U.S. Small Business Administration contains financial resource such as the Economic Injury Disaster Loan (EIDL), up to $10,000 of economic relief. The SBA Paycheck Protection Program, a forgivable loan designed to provide a direct incentive to keep their workers on payroll. For further SBA information, please visit www.sba.gov. Also visit www.gov.texas.gov/business, or inquire with local financial institutions regarding lending opportunities.
To our members, please know that we are here to help you. I encourage our members to take advantage of our electronic media such as our website and Facebook, as well as our weekly email blast and monthly newsletters to promote your business. To our future members, you are joining an organization with individuals committed to make a difference and truly care about making a positive impact in our community. As Director of Economic Development & Small Business, please know that DRHCC will continue working proactively to support the business community.
Isidro Valdez Fernandez
Director of Eco. Development & Small Business
As our interrupted academic school year winds down, our well deserving graduating students look towards the future with an optimistic but cautious eye.
The Del Rio Hispanic Chamber of Commerce salutes our 2020 Graduates for their dedication and hard work!
During our last board meeting this past May 5th, we agreed unanimously that we wanted to ensure that we awarded 10 DRHCC & Gutierrez Family scholarships in the amount of $500 each to support our graduates in their quest to seek higher education opportunities.
The Del Rio Hispanic Chamber of Commerce will work in collaboration with Del Rio High School, Sul Ross University and South West Texas Junior College to identify 10 hardworking GED, Homeschool, Charter, High School and Undergraduates whom will continue to attend local higher learning institutions.
The last day for students to submit applications will be Friday, May 29th and scholarships will be awarded Friday, June 12th.
Congratulations/Felicidades Class of 2020!
DRHCC Director of Education
Reach Out & Touch Someone! We are living in very challenging times and under our current situation of social distancing and sheltering in place, we find ourselves longing to reach out and interact with someone outside our own eco-system circle. With so many of our small businesses having to shut their doors, and others operating with limited capacity and resources, we find ourselves wanting to reach out and help in any way we can. The Del Rio Hispanic Chamber of Commerce is considered a non-essential business, so although our doors are closed for normal business, we have maintained our information flow going through our Weekly Blast, Facebook Page, Emails and Newsletters. Our shining light throughout this Pandemic has been non-other than Ms. Pauline Anton, the President and CEO of our parent organization, the Texas Association of Mexican American Chambers of Commerce (TAMAAC); on a weekly basis, we connect with her and all other Hispanic Chambers throughout the state via ZOOM and get the latest information on grants, loans and assistance for small businesses. We want to thank Ms. Anton for all her support, encouragement and assistance during these trying times. This too shall Pass! Our doors will be open for business soon and we will be there to support you!
On May 21 Laughlin gave a beautiful demonstration of gratitude to the Del Rio community honoring our front-line essential personal, medical professionals and workers that are taking care of us during the fight against an uncertain and invisible enemy called Coronavirus.
#LaughlinSalutes #AmericaSalutes #TexasStrong
The Hispanic Chamber of Commerce held its monthly membership meeting on June 13th. Thank you to our sponsors of Whitehead Memorial Museum, Casa de la Cultura, and Silver Eagle Distributors. The guest speakers that were presented were Lupita De La Paz , Executive Director of Casa de la Cultura and Micheal Diaz, Director of the Whitehead Memorial Museum.
The DRHCC was represented at the TAMACC Quarterly meeting by Ms Dora Alcala, Education Director and Ms Otila Gonzalez, Immediate Past President of the DRHCC. The organization met in Corpus Christi, Texas June 14-15.
On Friday June 14 the sessions consisted of presentations of business practices by Corpus Christi’sDowntown Management District Director Alyssa Barrera Mason who shared how her organization has worked to revitalize downtown Corpus. The Military task force and Corpus Christi Army Depot presented how they work with the United Corpus Christi C f C to benefit the city. The group also heard from the Port Authority and how it impacts the city.
The Saturday session convened on the USS Lexington for the Board of Directors’ meeting. Reports from members of the Board included welcoming the new Hayes County chapter as new members of TAMACC ,report on the legislative session, the importance of Census 2020, the effects of US Tariffs on Mexico, to name a few.
Realizing how relations between the US and Mexico affect the economy of both countries, the group proposed that a meeting be held in Mexico City in October and for member chambers to recruit City officials and business enterprises to attend. There will be more information on this proposal later.
Remember the Annual Hispanic Business Convention of Texas in San Marcos, Texas August 1-3. Register early for the Early Bird rate and reserve your hotel rooms early.