Sustainable Economic Growth Throughout the Sun Valley Region
Bellevue ● Blaine County ● Carey ● Hailey ● Ketchum ● Sun Valley
|
|
SVED Insider - Special Newsletter #2
|
|
SVED Response to COVID-19
|
|
Message from SVED
In an effort to simplify and consolidate the rapidly changing flow of information in this difficult time, SVED is coordinating with Blaine County and Visit Sun Valley to disseminate tools, resources and information for businesses through their websites. Follow the links below and scroll to the Business and Financial sections for the most up-to-date information.
In addition, SVED will communicate with the business community regularly through our email contact list with the latest in best practices and innovative models to survive and ultimately recover from this unprecedented event. You can sign up for the SVED Insider Newsletter at the bottom of this page.
Stay Safe Stay Health Do the Right Thing
|
|
Economic Injury and the SBA
|
|
Message from the Idaho Department of Commerce
Many of you have reached out regarding the Economic Injury Declaration from SBA. At this point we are awaiting formal approval from SBA. Hopefully, that will be announced today. In the interim I wanted to share some talking points that I’m using when talking to businesses…
- The State of Idaho has a pending request with SBA for an Economic Injury Declaration. Once approved both for profit and non-profit businesses in Idaho may apply directly to SBA for assistance. Till the declaration is in place the SBA website will not accept applications from Idaho businesses.
- The assistance available will be in the form of a loan. The interest rate will be 3.75% for “for-profit operations” and 2.75% for non-profits.
- The SBA Economic Injury Disaster Loan Program was designed for local natural disasters. Given the national scope of COVID-19 SBA’s disaster teams are stretched to the limit. I have no idea how long it will take for SBA to process and fund a loan application.
- Businesses may want to first check with their local bank before pursuing an SBA loans. Some banks are offering business lines of credit below SBA’s 3.75% rate and might be able to deliver funds more quickly than the SBA.
- Lots of ideas are floating around Congress for providing additional assistance but what that help will look like and how it will be delivered is yet to be determined.
Also feel free to refer the customer to SBA for answers. In regions 1-2 that will be the SBA
Spokane Office
. Everywhere else it will be the
Idaho Office
. Also keep in mind that our partners at the SBDC may have some tips, tricks and other advice for surviving this unprecedented event.
|
|
For a full list of resources follow the links to Blaine County and Visit Sun Valley above.
Below is a list of resources we are aware of at this point.
Response is still ramping up and we expect to be able to provide more information on a continuing basis.
Here is what we know is available right now. We will link to additional sources as we become aware of them.
Special Newsletter #2
Special Newsletter #1
- Small Business Administration Disaster Assistance, Blaine County is not on the disaster list at this point. However, SVED is working with the State to enable a disaster declaration that will give Blaine County for-profit and nonprofit businesses access these funds. Check with your bank to see if they are an SBA lender.
- WaFd Bank Business Lifeline
- Cox Communications has implemented several changes to support their customers:
- For a limited time, the first month of service for new Connect2Compete (low-cost internet for low-income families with K-12 students) will be free.
- Residential customers in the company’s Starter, Straight-Up Internet, and Connect2Compete packages will be automatically upgraded to speeds of 50 Mbps.
- For the aforementioned tiers, Cox is extending its Cox Complete Care remote desktop support at no charge to residential customers with remote helpdesk and assistance for loading new applications they may need to use during this time, such as online classroom support applications and web conferencing services.
- We have launched a temporary price reduction and speed increase for our Starter internet product, to help seniors and college students;
- We are eliminating data usage overages for a 60-day period to meet the higher bandwidth demands;
- We are supporting the FCC’s Keep America Connected initiative by pledging for the next 60 days to not terminate service to any residential or small business customer because of an inability to pay their bills due to disruptions caused by the coronavirus pandemic; waive any late fees that any residential or small business customer incurs because of their economic circumstances related to the coronavirus pandemic; and will open Cox WiFi hotspots to help keep the public connected in this time of need. We have over 60 Cox WiFi hotspots throughout the Wood River Valley.
|
|
Share Your Stories & Impacts
|
|
Message from COX to Elected Officials
Dear Elected Official,
As you know, last night Governor Brad Little issued an executive order for Blaine County to shelter in place in response to the COVID-19 pandemic and to slow the spread of the coronavirus. The Cox infrastructure is a critical service, now more than ever, given the work from home and learn from home mandates from businesses and schools. As such, we are operating under our critical services designation from the Department of Homeland Security.
While we continue with business operations, we are making modifications to continue to provide critical services for our customers. These modifications are in place for the health and safety of our employees and customers. The modifications include:
- We are closing the Sun Valley retail store until further notice.
- We will not be fulfilling nonessential orders such as home security and automation.
- If a customer has an issue, we will check everything outside of the home, but we will not enter the home.
- If the issue is on the inside of the home, we are asking our technicians to work with the customer as best as they can to help resolve the issue.
We are currently calling customers to reschedule the appointments that we can at this time and will be helping customers understand that we will not be entering homes.
|
|
March 20, 2020
NEWS – FOR IMMEDIATE RELEASE
“AIR SERVICE REDUCTIONS FOR REMAINDER OF MARCH PLANNED AT SUN”
Los Angeles, San Francisco, Chicago flights canceled
A significant reduction in flights to/from Friedman Memorial Airport (SUN) in Sun Valley, including cancellations of nonstop flights to Los Angeles, San Francisco and Chicago, is planned for the remainder of March announced Fly Sun Valley Alliance and airport officials. The decision was made in conjunction with airlines and community air partners due to Coronavirus COVID-19 concerns which prompted a deep drop in travel demand and early closure of the Sun Valley ski resort. Most seasonal nonstop flights at SUN were originally scheduled to operate through March 29.
The daily United Airlines flights to San Francisco (SFO), Los Angeles (LAX), and Saturday Chicago (ORD) flight will be canceled for the period of March 21-29. Denver (DEN) flights will continue to operate through March 29 as originally scheduled in order to help accommodate passengers displaced from the canceled flights. United will notify passengers booked on the canceled flights and assist in re-accommodating them.
Delta Air Lines will operate three daily flights to Salt Lake City (SLC) through March 29 and will maintain the planned two daily flight schedule for the spring season, March 30 – June 7, 2020. Alaska Airlines daily service to Seattle (SEA) is currently scheduled to end March 29 and restart on May 21.
The situation remains fluid and airlines may make additional changes as warranted, officials noted.
###
Media contacts:
|
|
"The Insider" Sponsored by Our
Champion and Legacy Members
|
|
Elevation Air Club
Idaho National Laboratory
Limelight Hotel
Marketron Broadcast Solutions
Sun Valley Community School
Waypoint Real Estate Services
(Jack Bariteau)
|
|
American Capital Advisory, Boise State University, Centerlyne, Clear Creek Disposal, College of Southern Idaho, CSI Foundation, First American Title, Fly Sun Valley Alliance,
First Interstate Bank,
First Lite, Friedman Memorial Airport, Haavik Consulting, LLC, Haymax Capital, Hotel Ketchum, Intermountain Gas,
Magleby Construction
,
Old Cutters Inc, Power Engineers, QBSolutions, Sawtooth Club, Sun Valley Board of Realtors, Tamarack Lodge, Webb Landscaping, Zenergy
|
|
Accord Capital Management, Alpine Investment Group, Alpine Lodging - Sun Valley, Amanda Breen Law, Backroads Brands, BigWood Landscape, Chamber of Commerce of the WR Valley, Christensen Global Strategies,
Conrad Bros Construction,
DL Evans Bank, DPPM Project Management, Economical Housing Solutions/Jim Warjone, Evergreen Expeditions, Finance of America Mortgage, Gail Severn Gallery, Galactic Ideas,
City of
Hailey, Hennessy Company, Kenny-Bogue Commercial Real Estate,
Ketchum Grill,
Ketchum Innovation Center,
Kirk Group, KMVT-11, Lawson, Laski, Clark & Pogue, Lallman, Felton, Peterson,
Limpopo Design,
McAlvain Construction, McCann, Daech, Fenton,
Meeting Objectives,
Michael Doty & Associates, Natural Retreats - Sun Valley, Perry's Restaurant, Rick LeFaivre,
Rebecca's Private Idaho,
Redfish Technology, Reid Sanborn, Engel & Volkers Sun Valley,
Sawtooth Brewery,
Sawtooth Development, State Farm Insurance Patrick Buchanan, Success Management, Trish Wilson, Sun Valley Center for the Arts, Sun Valley Institute for Resilience, Sun Valley Marketing Alliance, Sun Valley Real Estate/Christie's, Sun Valley Title One, Top 5, T
railing of the Sheep Festival,
US Bank, The Valley Club, WaFd Band
West Coast Investment Realty,
Windermere Realty, Zions Bank
|
|
Amber Busuttil Mullen, Blaine County Rec District, Blaine County Title, Brad Cleveland, Brian Barsotti, ClearRock Capital, Crank Tank, Dale Ewersen, Darlene Dyer,
Elephant's Perch,
Engel & Associates, Havens Consulting, Jaquet
Sun Valley Tours,
Jim Plomasen, John Alan Partners,
Julie Cord,
KMV Builders, Len Harlig, Lentz Appraisal, Lutz Rental, Mike Thompson, Miller Consulting, Professional Roofing, Propeller Industries, Sandi Viau CPA, Shorty's, Silver Creek Outfitters, The Copy Center, Wood River YMCA
|
|
Membership Supports:
- Business Retention
- Business Expansion
- Business Recruitment
- Economic Data Releases
- Pro-business Advocacy
- Business Infrastructure
- Education
- Networking
|
|
|
Sun Valley Economic Development| (208) 720-7779 | P.O. Box 3893, Ketchum, ID 83340 | www.SunValleyEconomy.org
|
|
|
|
|
|
|