THANK YOU FOR ATTENDING OUR WEBINAR

We will send any materials used in todays webinar to all participants. For more COVID-19 resources, please scroll down and reach out to us if you have any questions!

COVID-19 RESPONSE

Apple has developed a coronavirus screening tool in partnership with the CDC, the White House, and FEMA. Access it here.

COVID-19 peak projections state by state from Bar and Restaurant Expo

UPDATE: March 26th, 2020

Small Business Provisions of Coronavirus Aid, Relief, and Economic Security (CARES) Act (S. 3548)
The small business provisions provide funding with the intent of helping to prevent workers from losing their jobs and small businesses from going under due to economic losses caused by the COVID-19 pandemic.

Paycheck Protection Program
Authorizes $349 billion for the US Small Business Association (SBA) 7(a) program through December 31, 2020 to extend to small, nonprofit, and Tribal businesses with fewer than 500 employees the ability to seek loans to cover payroll and other expenses.

It seeks to broaden the adoption of the program by clarifying that businesses with more than one physical location that employs no more than 500 employees per physical location in certain industries are eligible if they are below a gross annual receipts threshold. It also waives affiliation rules for businesses in the hospitality and restaurant industries, franchises that are approved on the SBA’s Franchise Directory, and small businesses that receive financing through the Small Business Investment Company (SBIC) program.

The loan period will be from February 15, 2020 to June 30, 2020 with a maximum interest rate of 4% and maximum loan value of $10 million based on a formula by which the loan amount is tied to payroll costs incurred by the business. Allowable uses of the loan include employee salaries, paid sick or medical leave, insurance premiums, and mortgage, rent, and utility payments.

The section also seeks to streamline SBA review and instructs lenders to eliminate repayment ability from its determination in favor of a qualification test that the small business was operational on February 15, 2020.

Requires eligible borrowers to make a good faith certification that the loan is necessary due to the uncertainty of current economic conditions caused by COVID-19; they will use the funds to retain workers and maintain payroll, lease, and utility payments; and are not receiving duplicative funds for the same uses from another SBA program.

Waives both borrower and lender fees for participation in the Paycheck Protection Program, credit elsewhere test for funds provided under this program as well as collateral and personal guarantee requirements under this program in favor of government guarantee increases to 100 percent through December 31, 2020, at which point guarantee percentages will return to 75 percent for loans exceeding $150,000 and 85 percent for loans equal to or less than $150,000.

Allows complete deferment of 7(a) loan payments for at least six months and not more than a year and requires SBA to disseminate guidance to lenders on this deferment process within 30 days.

Loan Forgiveness 
Establishes that the borrower shall be eligible for loan forgiveness equal to the amount spent by the borrower during an 8-week period after the origination date of the loan on payroll costs, interest payment on any mortgage incurred prior to February 15, 2020, payment of rent on any lease in force prior to February 15, 2020, and payment on any utility for which service began before February 15, 2020. Eligible payroll costs do not include compensation above $100,000 in wages. Forgiveness on a covered loan is equal to the sum of the following payroll costs incurred during the covered 8 week period compared to the previous year or time period, proportionate to maintaining employees and wages: Payroll costs plus any payment of interest on any covered mortgage obligation (which shall not include any prepayment of or payment of principal on a covered mortgage obligation) plus any payment on any covered rent obligation and any covered utility payment. The amount forgiven will be reduced proportionally by any reduction in employees retained compared to the prior year.

Entrepreneurial Assistance
The bill provides $265 million for grants to offer counseling, training, and related assistance to small businesses affected by COVID-19 to SBA resource partners, including Small Business Development Centers and Women’s Business Centers and $10 million for the Minority Business Development Agency’s Minority Business Centers and Minority Chambers of Commerce.

Emergency EIDL Grants
The bill expands eligibility for entities suffering economic harm due to COVID-19 to access SBA’s Economic Injury Disaster Loans (EIDL), while also giving SBA more flexibility to process and disperse small dollar loans. The bill allows businesses that apply for an EIDL expedited access to capital through an Emergency Grant—an advance of $10,000 within three days to maintain payroll, provide paid sick leave, and to service other debt obligations. $10 billion is provided to support the expanded EIDL program.

Small Business Debt Relief
Requires SBA to pay all principal, interest and fees on all new and existing SBA loan products including 7(a), Community Advantage, 504, and Microloan programs for 6 months, and provides $17 billion for this purpose.
The COVID-19 crisis is rightfully dominating the news cycle. The steps being taken by governments, local and federal, to combat this virus are unprecedented and have never been witnessed in any of our lifetimes.



The leadership at AAMA and AMOA want you, our members, to know we are in ongoing communication with our Washington-based lobbyist, Dentons compiling the latest information on programs the federal government will put in place to assist small businesses like yours. We have compiled a list of resources, stories, and programs in the following tabs.

We strongly urge you to make sure the information you’re consuming related to COVID-19 comes from reliable sources, which should include the Center for Disease Control, (CDC). Click here to find the latest information directly from the CDC on this outbreak, and the steps you can take to help limit the extent and duration of this pandemic.

As more information related to federal aid programs becomes available, we’ll be making it available to all our members. If you have any questions, please email [email protected].


The leadership at AAMA and AMOA have drafted a letter for Dentons to deliver to the leadership on Capitol Hill.  We are urging Congress to provide relief to our industry in the form of opening lines of liquidity for small businesses to meet payroll until COVID-19 is no longer a threat.

Review the Letter Here

Our members participated in a webinar hosted by our Washington-based lobbyist, Dentons. “The Paycheck Protection Program, and You.” The conversation was led by Dentons Partners, Randy Nuckolls and Michael Zolandz along with Dentons Principle, John Russell, IV.

Follow this link for the powerpoint: https://bit.ly/2R24Pdl
For the audio: https://adobe.ly/2Jv6Met

Click here for Denton’s COVID-19 Resource Hub

The CDC regularly updates this page with guidance for Businesses and Employers on how to plan and prepare for COVID-19

>> Here are some great tips on how to effectively work from home

>> COVID-19 and the HR Questions it Poses from Porte Brown

>> Federal CARES Act presentation

>> Paycheck Protection Program information prepared by Dentons

Employee Retention Credit Under the CARES Act

The Employee Retention Credit is a fully refundable tax credit for employers equal to 50 percent of qualified wages (including allocable qualified health plan expenses) that Eligible Employers pay their employees. This Employee Retention Credit applies to qualified wages paid after March 12, 2020, and before January 1, 2021. The maximum amount of qualified wages taken into account with respect to each employee for all calendar quarters is $10,000, so that the maximum credit for an Eligible Employer for qualified wages paid to any employee is $5,000.

>> For more information and eligibility requirements, go to IRS.gov

UPDATE: Senate Approves US$350 billion for Small Business Grants

The Senate has passed a bill that will provide up to US$350 billion in forgivable loans to small business concerns, non-profit and veterans organizations and self-employed individuals to cover their expenses during the COVID-19 crisis.

>> Read More on Dentons.com

What employers need to know about the Families First Coronavirus Response Act (United States)

On Wednesday afternoon, March 18, 2020, the Senate voted 90-8 to send the revised Families First Coronavirus Response Act (FFCRA), H.R. 6201, to President Trump’s desk for approval. President Trump signed the bill into law late Wednesday evening. This bipartisan legislation dedicates billions of dollars for paid sick leave, unemployment insurance, free testing, and other provisions to aid Americans affected by COVID-19. Below are some highlights of the employment-related provisions of the bill that is set to take effect no later than April 2, 2020.

>> Read More on Dentons.com



Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy.

PAYCHECK PROTECTION PROGRAM (PPP)

The SBA is offering a loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Click here for more information, how to apply, and a sample form if you wish to start your application.

Click here for the required document checklist for the PPP application

ECONOMIC INJURY DISASTER LOAN PROGRAM

Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19). Click here to apply.

Find more information on the SBA’s Economic Injury Disaster Loans at: SBA.gov/Disaster

The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

For more information, go to SBA.gov or watch SBA’s webinar

11 Social Media Changes to Make in a Coronavirus World from Jay Baer

Harden Your Zoom Settings to Protect Your Privacy and Avoid Trolls from the Electronic Frontier Foundation

Video from Hownd on Best Practices: Cost Savings, Communications, and Taking Care of People during the COVID-19 pandemic

How Your Attraction Can Cope with COVID-19 from blooloop.

Engage Guests When the Gates Are Closed. IAAPA shows 5 ways to continue positive brand promotion during quarantine.

Six Flags Magic Mountain donated 800 pounds of excess food to a local charity while they are temporarily closed due to the coronavirus outbreak. Check out the full story here!

Webinar on Actionable Marketing Tips to Prepare for a Successful Comeback hosted by Party Center Software & Hownd

Unfortunately, scammers are taking advantage of the COVID-19 Pandemic. Here are some tips to avoid scams.

The impact of virtual entertainment experiences during the lockdown on the post-pandemic entertainment landscape from Randy White

How to create a successful virtual event for your company from Jay Baer

Emergency preparedness guide to help your FEC overcome the unexpected

Developing Your Marketing Crisis Plan with Speaker Aleya Harris

FEC International Community Slack Channel Created to Foster Support Among Entertainment Center Owners and Operators

REGIONAL RESOURCES

Candid has organized funding resources by state and other regions.

Financial Assistance for Small Business from the U.S. Chamber of Commerce Foundation

IAAPA has resources listed out by region. Check it out on their “Member Resources” page here.