Chamber staff are closely monitoring this rapidly developing situation. It’s a time of uncertainty for area businesses, but we’re confident in the leadership of our city, county, state and federal governments to ensure the health and safety of northeast Oklahoma families. The Chamber is in close coordination with our regional health care providers, and we have total confidence in their preparedness and response plans.
Likewise, area businesses have done an excellent job preparing their employees for potential impacts from COVID-19. We encourage our members to be proactive, exercise an abundance of caution, and heed the advice of medical professionals at the Tulsa Health Department, Oklahoma State Department of Health and the Centers for Disease Control. Our community and nation have been challenged before, and we’ve proven our resilience. We expect this situation will be no different.
|SITUATION UPDATES||MINIMIZING BUSINESS
As the COVID-19 pandemic continues to impact area companies, the Tulsa Regional Chamber has launched a new resource for our members. Our Business Support Series will feature regular, public conference calls on timely topics relevant to the community's COVID-19 response.
Episode 4 – Leadership Now
On March 28, Mayor Bynum issued a "Safer at Home" order for all Tulsans. All public and private events or social gatherings outside of a family or living unit are prohibited through April 16.
In partnership with Tulsa Economic Development Corporation (TEDC), the City of Tulsa is dedicating $1.1 million in funds for zero interest loans to provide financial assistance to small business owners and entrepreneurs affected by COVID-19.
TEDC will begin accepting loan applications from local businesses immediately..
To qualify as a small business, applicants must have fewer than 50 full-time equivalent (FTE) employees, have 2019 revenues that did not exceed $5,000,000 and have experienced a decrease in revenue of at least 25 percent between February and March 2020 due to COVID-19.
The Paycheck Protection Program, one of the largest sections of the CARES Act, is the most important provision in the new stimulus bill for most small businesses. This new program sets aside $350 billion in government-backed loans, and it is modeled after the existing SBA 7(a) loan program many businesses already know. For more information, click here.
For a list of approved Tulsa-area lenders, click here.