COVID-19

We will keep you up to date with the news we receive from the State and the communities we serve in Southern Oregon. The financial impact, as well as the social impact, will be felt for a long time.  If your business has been impacted, please let us know.

Here are a few links to government information about COVID-19.

People’s Bank Committed to Serving Communities

April 4, 2020

Medford, Oregon – People’s Bank of Commerce (OTCBB: PBCO) is pleased to announce that its $5 million capital offering was fully subscribed and completed on March 11, 2020. The new capital will add strength and resiliency to the Bank, which is committed to serving its communities during the COVID-19 crisis. As a Preferred Lender with…

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The state of Oregon Launches COVID-19 Small Business Resource Navigator

April 4, 2020

Business Oregon, alongside the Oregon Employment Department, the Oregon Secretary of State, and the Oregon Department of Consumer and Business Services compiled information to assist Oregon small businesses dealing with the impacts of COVID-19. Click here to visit the site.

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E2E Online Meeting with Ken Trautman of People’s Bank Re: CARES Act SBA PPP Loans

March 31, 2020

Ken Trautman, President of People’s Bank of Commerce in Medford, Oregon presented to the SOE2E.com (Southern Oregon Entrepreneur to Entrepreneur group) today about the CARES Act SBA PPP loans and process. This is the captured footage of the call using Zoom. We had over 70 people on the call at the same time and only…

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Treasury announces application for CARES act funding.

March 31, 2020

ASSISTANCE FOR SMALL BUSINESSES The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are…

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U.S. Department Of Labor Adds To Guidance For Workers And Employers Explaining Paid Sick Leave And Expanded Family And Medical Leave Benefits Under The Families First Coronavirus Response Act

March 31, 2020

Effective Wednesday, April 1, 2020 WASHINGTON, DC – Today, the U.S. Department of Labor’s Wage and Hour Division (WHD) published more guidance to provide information to employees and employers about how each will be able to take advantage of the protections and relief offered by the Families First Coronavirus Response Act (FFCRA) when it goes into effect…

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The Small Business Owner’s Guide to the CARES Act

March 29, 2020

See also from the U.S. Senate Committee on Small Business & Entrepreneurship The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for…

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Breaking Down the Coronavirus Aid, Relief, and Economic Security (CARES) Act

March 28, 2020

See also: The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now.  When implemented, there will be many new resources available for small businesses, as well as certain nonprofits and other employers. …

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The do’s and don’ts of video conferencing

March 28, 2020

By Aliya Chaudhry   As more and more workplaces transition to being remote, we’re learning how to navigate all the aspects of working digitally. Meetings are moving entirely online, which means that we’re attending a lot of video conference calls. If you don’t have a lot of experience with video conferencing, it may take some getting used…

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Coronavirus (COVID-19): Small Business Guidance & Loan Resources

March 28, 2020

SBA 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).  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…

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Positive News Bites

March 28, 2020

IBM launches Weather Channel map to track coronavirus As the coronavirus causes uncertainty in our daily lives, we are all looking for data to help us make more informed decisions and check on our family and friends in different areas. With that in mind, we feel it’s critical to provide the most trusted information currently…

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Go Big or Go Home

March 28, 2020

MARCH 16, 2020   By Tim Duy  In an effort to keep financial markets from spiraling out of control, the Federal Reserve came out with the big guns Sunday afternoon.This will not prevent the economic downturn that is already upon us. It will, however, create more accommodative financial conditions that will help support the eventual recovery. In…

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Fiscal Measures during the Coronavirus Outbreak

March 28, 2020

By Cristina Enache  Countries around the world are implementing emergency tax measures to support their debilitated economies under the coronavirus (COVID-19) threat. The following countries implemented or plan to implement tax relief for businesses and households affected by this health crisis: China has reduced its value-added tax (VAT) from 3 percent to 1 percent for the…

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