ALLENTOWN, Pa. – As small companies are simply beginning to wrap their head round easy methods to get reduction through the coronavirus pandemic, the Chamber of Commerce is providing a small and speedy serving to hand: a $150,000 emergency reduction fund.
“This was extra of a knockout punch than we might think about. I can let you know this they’re involved,” stated Tony Iannelli, President and CEO of the Higher Lehigh Valley Chamber of Commerce.
He says the aim is to supply some speedy reduction till federal loans begin to kick in.
“It is BB&T (Truist), it is Equinox, and David Jaindl, all of them stepped up. $150,000, we’re going put it out on the road for small companies,” Iannelli stated.
The fund provides as much as $2,000 to at the least 75 companies, a small however wanted quantity.
“2000 might pay hire, might pay, no matter they want,” Iannelli stated.
It is open to any enterprise, whether or not they belong to The Chamber or not. All they should do is apply on-line on The Chamber’s website.
“It is a one-page doc as I stated this isn’t a bureaucratic course of,” Ianneli stated. “Possibly we will make somebody sleep a bit of higher at evening.”
They are saying they hope to begin handing out the cash subsequent week, they usually’d prefer to get extra funds to do it once more.